The 2 billion received for TLT was used to pay down debt and they are left with 1 billion.
This 1 billion will be used to acquire/bolster new and existing businesses.
Management aware of possible pending inflation (hence TLT sale - as the income was contracted it was not scalable to inflation) and the possibility of increasing interest rates. This seems to be most important in my eyes.
They are looking to acquire businesses that can transfer costs of inflation and interest rates onto customers if/when they arise.
IFT Price at posting:
$7.03 Sentiment: Hold Disclosure: Held
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