RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Q3 next thursday, may 12
Captain, if you are treating acquisition related intangible amortization as a real expense you really should not be invested in Sangoma. $600M EV is a lot for a company with 'negative' earnings. I am invested and have confidence in the company because of my focus on cash flow and not earnings - and I think the company is current earning around ~$40m CAD straight free cash flow every year, after taxes. It doesn't matter to me one bit if earnings is shown as positive or negative when you are taking an imaginary $10m accounting hit every quarter