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For 3Q16, $DHI expects its number of homes closed to approximate a beginning backlog conversion rate of 76-80%. Home sales GM is expected to be in the high 19s to 20% and homebuilding SG&A is expected to be 8.9-9.1% of homebuilding revenue in 3Q16.
$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?