BLMN - Bloomin' Brands: Recent Pressure On Stock Price Creates An Attractive Investment Opportunity
2024-07-03 08:21:25 ET
Summary
- Massive conversions of convertible debt into equity most likely played a major role in the sharp decline in the stock price over the last 4 months.
- Should one look at the glass half full, though, a sizeable chunk of the debt maturing in 2025 was shed from the company’s balance sheet in the process.
- The company is in discussions with interested parties regarding the sale of its Brazil business, which, if it materializes, would probably mean a hefty windfall of cash for the company.
...
Bloomin' Brands: Recent Pressure On Stock Price Creates An Attractive Investment Opportunity