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Where does it say it’s “Profitable minus CapEx”?
by kgwgk 7y ago
Where does it say it’s “Profitable minus CapEx”?
- mikeryan 7y agoSorry “break even” The company is projecting solid growth in the summer months, when it expects to break even, excluding capital expenditures.
- kgwgk 7y agoThanks, I missed that. It seems difficult to go from a $100mn loss to breakeven so quickly if the cost-cutting measures are like reducing staff by 5% but it’s not clear where that $100mn loss was coming from (includes a “one-time” write off) and it’s not clear what do they mean by break even either.