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$RAX's cash flow from operations was $165MM and CapEx was $82MM or 15.7% of revenue in 2Q16. Free cash flow was a record $98MM in the quarter. $RAX completed its $500MM share repurchase commitment in 2Q16, and expects to repurchase shares, as per board authorization, of up to $1Bil by Aug. 2017.
$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.