I was thinking that before. I know that most investors want protection and upside, so converts is the way to go to get a coupon while you wait. But this should have always been funded with common. But it was just painful because they didn't grow the business....
I feel like google cloud is just another promise of growth... Like they need to get to the 90k target. We are about to see another adjusted revenue deck next presentation.
It's like they keep getting more debt and less revenue!
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