Jul. 24 at 1:52 PM
$COUR plus Coursera only has 168.7 Million total shares outstanding. If management aggressively uses the full
$500 million cash allocation to scoop up stock at the current
$5.34 range, they will take 93.6 Million shares off the market. This means the authorized buyback is sized to systematically retire 55.50% of the entire company's equity.
