at current market cap, this probably represents about 4.8% dilution. The stock has been on a tear, it is up 174% YTD. Does the management believe that the company is overvalued right now? I don't think they would have much trouble issuing debt to fund 3 Billion. They had close to 3 Billion in cash on 31 Dec 2020.
Submitted March 23, 2021 at 02:57AM by Outside-South5454 https://ift.tt/2OPAUrf
