Alea---Oh come on. You write: "Saying Wave has an interesting opportunity doesn't mean the company is run well in every way. Admitting that there's a potential market for TC doesn't mean you have to say Wave does a great job of managing its cash flows."
"Not sure why anyone is asked to choose. Is it a loyalty test?"
I don't recall any post over the years that has argued "the company is run well in every way" or "you have to say Wave does a great job of managing its cash flows". (Actually, I may have said something like that in the past under the influence of an insatiable mania attack. But those posts don't count!)
There is no loyalty test.
There is though a mockery test that appears to be highly correlated to the share price.
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