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$COH 4Q15 Q&A: Binetti of UBS asked if conversion in renovated stores outpacing expectations. Andrea answered that conversion grew sequentially across the entire chain and particularly in renovated stores. Overall, a mix bag of metrics improvements in the renovated stores traffic being the most consistent one. Avg. tickets have also improved.
$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?