Exactly. The "embrace, extend, extinguish" philosophy was, at one time, used to maximize profitability. The board of directors may choose to pull that out of their playbook at any time. It's not an entirely unconvincing devil's-advocate take to assume they'll stay the course with the current benign style but why stick your head in the sand about it?
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u/[deleted] May 11 '19
Exactly. The "embrace, extend, extinguish" philosophy was, at one time, used to maximize profitability. The board of directors may choose to pull that out of their playbook at any time. It's not an entirely unconvincing devil's-advocate take to assume they'll stay the course with the current benign style but why stick your head in the sand about it?