RE:5.75% debt deal better than predicted
I appreciate and agree with your perspective on this offering. Have held GSY since the low teens and "averaged up" so it is now my second largest holding (after SHOP) and one of my highest conviction stocks.
The share price often fluctuates quite a bit due to the small float. This morning's sell-off is a bit perplexing, but not worrisome. It would not surprise me if the share price exceeds the deb conversion price before the conversion date, perhaps even in 2018.