RE:RE:RE:Cohodes says a very bad week aheadThat's not the issue. It's not difficult to run a successful company when you have a near monopoly for ten years.
I believe much of the growth capex should have been properly classified as maintenance expenses and inventory. That would have resulted in lower EBITDA, lower earnings and lower dividends. With slower reported growth, the stock price would not have tripled off the 2014 lows.
The growth capex narrative was all about juicing the stock price.