Does the tooth fairy pay for capex–Warren Buffett
IRDM Maintenance Capital Expenditures Case Study
Time to check in on IRDM. Last post:http://wp.me/p2OaYY-zt
A hedge fund made a case for investing in IRDM’s growth, but we made the case that true capital expenditures were not being accounted for and thus true owner earnings were being overstated. I repeat this case since the concept of true MCX is so important. Look at the lost opportunity cost for this hedge fund.
Time to attend an argument Clinic