Alterras Systems Inc (fka ASIUQ)

[upshegrows]

Bad terminology is the enemy of good thinking. When companies or investment professionals use terms such as "EBITDA" and "pro forma," they want you to unthinkingly accept concepts that are dangerously flawed.

(In golf, my score is frequently below par on a pro forma basis: I have firm plans to "restructure" my putting stroke and therefore I only count the swings I take before reaching the green.)

Don't violate the Noah rule: Predicting rain doesn't count; building arks does.

Of course this isn't my advice. It's Buffett's.

Barunuuk, you're predicting rain 5-10 years from now and everything you've laid out is essentially "pro forma" thinking.