Slack: C0A031DLJ78/ts:1771143226.5943

Author: Antonio Furtado Date: 2026-04-07 Type: slack Evidence: 1 Themes: 1

short-theses-single-stock-picks

🟢 [E1401] Q4 results confirm thesis: adjusted operating margin collapsed to 6% from 16-17%. D&A, interest, and SBC consumed 87% of revenue. FY margin fell to 13% from 19%. Total debt $21.4B vs $7.9B year ago. FCF negative $7.3B.
supporting · 2026-04-07