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ball_of_linttoday at 8:39 PM0 repliesview on HN

> The only reason the company is even showing a profit is because they repeatedly diluted shareholders to raise cash and then re-invested that money into Treasuries.

That's simply not true.

Profit excluding the interest from the cash in 2025 was ~110 million. https://www.sec.gov/Archives/edgar/data/1326380/000132638026... page 27.

Yes, closing unprofitable stores reduces revenue. It also improves profit. You're describing... Good business.

You're entitled to your opinions about the products and the merger. We'll have to see how it plays out