Yeah it is getting dangerously close to that exercise price! Whilst it will be good to get the extra cash, they really don't need it!
Yes they could use it to repay some debt, however in the long run having the current shares on offer increase by 1/3rd will have a huge impact on EPS going forward.
I'll be a happy if we can stay under $0.90 until those Jan-24 options expire!
FND Price at posting:
79.5¢ Sentiment: Buy Disclosure: Held
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