Domo (Arigato), for This Potential Multi-Bagger Options Trade

88 Views28 Aug 2026 07:59

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SUMMARY

On July 22, Domo sold its entire operating business to Progress Software for $400 million cash. What’s left is a stub, like the ContextLogic trade we did that is up 60% YTD.
Roughly $246 million of net cash, or $4.84 a share, plus more than $900 million of NOL carryforwards against a current stock price of $3.70.
I find the Jan 2028 $5 leaps for 22 cents to be interesting. You can also buy the stock at a significant discount to cash for reasons explained below.

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