That’s exactly why I like $CRDO so much. I’ve always emphasized how important it is for them to have a highly profitable copper/AEC business helping fund their CPO and optical opportunity. They can continue investing aggressively in CPO while their existing business is already generating strong cash flow. That said, it doesn’t mean they can’t or won’t dilute. It simply means they have more shareholder-friendly options to fund their CPO expansion without having to rely on dilution as the first choice.
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