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$SCHL had free cash use of $122.4MM in 1Q17, which included a large tax payment related to the EdTech sale. This year, cash use was augmented by a large initial print run for Harry Potter and the Cursed Child, and higher YoverY spending on strategic technology initiatives. Cash and cash equivalents exceeded total debt by $275.5MM during 1Q17.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.