Want to join the conversation?
$EA 1Q16 Q&A: Handler of MKM Partners about convert, Blake commented that original value of the convert, $633MM, that has to be settled in cash and the upside component of that settled in stock. Right now at the avg. stock price for the quarter, $61.61, that would equal 6.6MM shares of stock that would be used to settle the convert.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.