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$HAR 4Q15 Call: GM improved 210 BP to 29.4%. Infotainment GM was 24.6% and Lifestyle GM increased 130 BP to 31% due to improved leverage on fixed production costs and benefits from footprint migration restructuring initiatives. Professional GM was 40.1% primarily due to expansion of product portfolio into enterprise automation & video switching.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?