I think it’s unethical for a highly overvalued company NOT to issue shares. Good capital allocation means issuing shares when you’re at an insane valuation and

I think it’s unethical for a highly overvalued company NOT to issue shares. Good capital allocation means issuing shares when you’re at an insane valuation and buying them in when you’re severely undervalued. They could have issued shares, paid off debt, or used the cash to launch new products, etc.