- Cimpress saw its share price nosedive after an initial climb after it released results.
- The climb was deserved as the FCF increased sharply on a QoQ basis, and the net debt decreased rather substantially.
- I expect Cimpress to call its expensive 12% Second Lien Notes in May, which would reduce the interest expenses in FY 2022.
- I have been writing out of the money put options on Cimpress in the past few months, and I plan on continuing this strategy as the premiums are now very attractive.
For further details see:
The Selloff On The Cimpress Q2 Results Makes No Sense