No. of Recommendations: 12
Are you forgetting this? https://seekingalpha.com/pr/17528081-twilio-announces-launch...

No. I was responding to this statement: "My primary concerns right now is that between the SendGrid acquisition and the stock offering, they have diluted the stock 50% in the last year."

The quoted text implies a double dilution, once for an acquisition and another for the secondary offering. Both events add value to the company, the first in the form of a business and the second in the form of cash. In my post I was addressing the first event. If the cash from the secondary goes to buy out the shareholders of SendGrid then it's not a second dilution. In addition, if the cash from the secondary improves the business then the "dilution" is welcome.

Of course one would prefer a company with a positive cash flow but one has to judge the secondary in context, dilution is not automatically bad.

Denny Schlesinger
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