Another vote of confidence | DDD Message Board Posts


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Msg  423 of 423  at  12/6/2023 11:49:32 PM  by

str8_chuter


Another vote of confidence

DDD buying back a portion of the convertible debt for just 74 cents on the dollar.  Wow!
 
Buying back $135 MM (par value) of the notes but will cost approx. $100 MM in cash.  Excellent use of capital.  Strengthens the balance sheet.
 
Leaves the company with about $345 MM in cash which evidently is more than sufficient.  Tells us that cash flow surely set to turn positive in the near future.
 


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