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LakesideB  Investor

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  • batbeer2 2013-02-08 01:00
    LakesideB : Hi Batbeer2, I have seen your discussion on WU on this site....Very insightful but am intrigued by one aspect. You had mentioned that WU deposits a Hi Lakeside, I think you are right. Did I was they were expensed? If so, that's wrong. - The deposits do serve as an important barrier to entry. - Also, I does distort cash-flow.  I typically use FCF and adjust that a bit to get my own  estimate for owner earnings. I hardly refer to GAAP earnings ...

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