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$BIG said that during 1Q16, the company closed two stores and opened one, leaving $BIG with 1,448 stores with a total selling square footage of 31.7MM sq. ft. CapEx for the quarter was $18.8MM compared to $39.3MM a year ago. The company said it ended 1Q16 with $64MM of cash and cash equivalents and $154MM of borrowings under its credit facility.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.