What I’m trying to illustrate Tex, in my above post, is that yeah, the cap is yearly and the total spent over 5 years is a lot. So to your point, these (30M) losses that we talk about as being almost 15% of the cap is a great exaggeration because there are ways to spread the mistake over a span of time by restructuring other deals to spread it out.
I’m kind of with you that it’s relevant, but not as drastic as the common view paints it.
Formerly known as JustinHarrell.
I don’t think you want 5 100M dollar mistakes. Even spread out over 5 years, that’s still 40% of the cap and truly, there wouldn’t be too many ways to overcome that.
Formerly known as JustinHarrell.