“What’s with the share count?” my colleague glanced up at me, eyebrows raised skeptically as he looked at my freshly constructed spreadsheet.
“Ummmm …” I frowned at the paper, willing it to offer up insight. Alas, it was silent.
“Okay,” he sighed. “This company is growing, right?”
“It says here they are opening fifty more stores next year, right?”
“And it costs about two million dollars to open each store, right?”
“So how are they gonna pay for that?”
“Exactly. They’ll need more funding. So fix the share count and then let’s talk.”
This was the exchange between me, a brand-new equity analyst looking at her first retail company, and one of my colleagues who managed ...