RE: Outstanding results - historic P/E is just 5.8!18 Mar 2023 18:59
the_shareminator this is a ridiculous statement? Maybe change your username to the_shameless.
"Not thinking of depreciation as an expense is crazy. I can think of a few businesses where one could ignore depreciation charges, but not many. Even with our gas pipelines, depreciation is real — you have to maintain them and eventually they become worthless . It's reverse float — you lay out money before you get cash. Any management that doesn’t regard depreciation as an expense is living in a dream world" Warren Buffet