RE:Air MilesI'm more concerned about Air Miles parent company going bankrupt, which is apparently may be grounds for terminating the licence completely according to the news release announcing the acquistion in 2017.
Loyalty Ventures, the operator of Air Miles is now trading at a market cap of just $30 million, down from $700 million at the beginning of the year. When a company is trading down 95% at $30 million with debt of half a billion dollars there isn't much question what is about to happen.
I'm ok with Air Miles slowly dissolving away but don't like the headline risk of the parent company going bankrupt and DIV losing the royalty entirely. Not to mention the revenue lost. Air Miles was 15% of revenue last quarter.