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Frontdoor (FTDR) confirms with a share price increase of almost 18% in response to the second quarter my scenario set at the end of June that the subscription provider of home warranties and repair services could also boost the sales of air conditioning units due to the heatwave in the US. This non-warranty area outside the core subscription business grew by 19% thanks to the HVAC upgrade program. Revenues are now expected to rise from $13 million to $170 million over four years. What I find interesting is that the penetration in the HVAC program...
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