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$PNK said its BoD authorized a new $50MM stock repurchase program and the company intends to fund any share repurchases under the new program without increasing its debt leverage profile. $PNK's shares of common stock outstanding as of Aug. 8, 2016 was approx. 57.1MM, down approx. 7.4% as a result of the share repurchases under the initial program.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.