RE:RE:Investment Thesis?Thanks Milhouse, that is exactly the kind of feedback I was hoping for.
I am still skeptical about a company that emphasizes "free" cash flow when it really isn't free. As you noted regarding 5G, they have to keep investing like madmen just to keep up with the Joneses (or the Rogerses). The kinds of companies I am most drawn to seem to be able to fully depreciate their equipment, then keep using it for many years afterward.
That being said, I will take a closer look at the business and the financials as I would love to buy some of these classic Candian oligopolies at the right price (i.e., at a modest premium to book value).
Cheers