Want to join the conversation?
$TSS ended 2Q16 with $465MM in cash. CapEx was $37MM in the quarter, of which about 29% was related to property and equipment. Weighted shares outstanding were 183.7MM in the quarter. 2Q16 free cash flow was $157.6MM and effective tax rate was 38.1%, which is higher than normal due to some one-time acquisition related effects.
$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?