RE: thetiss88 I wasnt going to post anymore but am getting sucked in and will as you are wrong
-of course the cost of building tanks is not in their cash flow number- no capex ever is- however- the cost of building the tanks is a real cost- their most significant cost and all their slides and analysis on this board ignores this cost- the only thing that picks up the cost is net income where the cost of the tanks is amortized over their usefull life- you cant look at cash flow- its exactly the same of every ski hill in Canada. In BC every single hill- resort - went broke at one time- why- all of the resorts had great IBITDA- however- most failed to count on the fact the capttal costs are huge.- You say that cost is done?????- do you have any idea what that cost was for 500 plus tanks??? and, why would you not account for it???
I hope I said the dividend is more than half net income- not cash flow- for the above reasons- GAAP income or comprehensive income now is far far more important for PSN then a cash number before cash income taxes and cost of tanks- I a read the statements - the dividend is more than half the net icome.
Yes I understsnd they will be offering new services- that was not the point of my post- and who knows if these will cause stock to go up
and last- I didnt realize i was boasting on shares I hold- - I have disclosed how many shares I own over the last eight months or so since i started posting- But you are right- i should have used percentages- I didnt really see it as a lot of shares- and if I get on another board and post I will only mention percentages- I am new to the post game
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I picked up a lot of information from Stockhouse boards- this is the only one I posted on, but even this board has the odd gems so I really dont think it was a waste of time