TSX:EIFAirlines
Exchange Income (TSX:EIF) Valuation After Debenture Conversion Reshapes Balance Sheet and Share Count
Exchange Income (TSX:EIF) just wrapped up the redemption of its 5.25% convertible debentures, with most holders choosing to convert into shares. This move meaningfully shifts both leverage and the share count.
See our latest analysis for Exchange Income.
That balance sheet cleanup comes after a strong run, with the share price at CA$80.27 and a hefty year to date share price return alongside a near doubling three year total shareholder return. This suggests momentum is still very much on...