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trader59

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Re: Price1 post# 2082

Sunday, 08/06/2023 10:21:38 PM

Sunday, August 06, 2023 10:21:38 PM

Post# of 2329

The higher interest rate environment has boosted Cyxtera's borrowing costs, complicating its path to profitability. In early 2022, prior to the interest rate hikes, Cyxtera said it expected to generate positive net income in 2025. In its most recent SEC 10K filing, it has pushed that target date back to 2030.



https://www.datacenterfrontier.com/colocation/article/33002061/as-stock-price-slumps-cyxtera-reportedly-mulling-capital-raise-or-sale

I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.

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