Thursday, December 14, 2017 8:31:45 AM
I know you don't care about "book smart" language, but in "book smart" language SIAF claims to have 1.9MUSD in cash. Appearantly I don't speak "street smart" (street "smart"?) so I don't understand how SIAFs "book smart" claim of 1.9MUSD cash balance translates into SIAF claiming to have 25MUSD.
If you've decided to change topics and are now suddenly talking about TRWs profits, then TRW actually spend a lot on capex (13.2MUSD in Q1 and 3MUSD in Q3). "Book wise" that is of course.
So "street smart" = TRW doesn't have 25MUSD because if they had they would have spent it on capex, and TRW hasn't spent 25MUSD on capex because if they had then they would have had 25MUSD in cash? Sorry, I don't speak circular
If you've decided to change topics and are now suddenly talking about TRWs profits, then TRW actually spend a lot on capex (13.2MUSD in Q1 and 3MUSD in Q3). "Book wise" that is of course.
So "street smart" = TRW doesn't have 25MUSD because if they had they would have spent it on capex, and TRW hasn't spent 25MUSD on capex because if they had then they would have had 25MUSD in cash? Sorry, I don't speak circular
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