“Your heart get tested, and gunplay is only an investment“

Raekwon     (Butter Knives ♦  Shaolin vs. Wu Tang)

Takeaway#170:  Let’s get disciplined today.  CAPEX can be a deceptively large and protracted commitment. Is this machinery with short lifespan and negligible residual value? Is this intellectual property with amortization impacts that shield EBITDA and ATCF for increase total enterprise value? BPM says: Fully understand the impact before stepping into the arena.

EBITDA:  Earning Before Interest, Taxes, Depreciation & Amortization

ATCF: After Tax Cash Flow

CAPEX: Capital Expenditures