> There is nearly an unlimited supply of money for projects that are guaranteed to return a profit - especially today with the bond market desperately searching

> There is nearly an unlimited supply of money for projects that are guaranteed to return a profit - especially today with the bond market desperately searching for yields. There is nearly an unlimited supply of money for projects that are guaranteed to have positive cash flow - especially today with the bond market desperately searching for yields. Plenty of companies are loaded up with debt with negative eps with positive cashflow. I believe this distorts the gymnastics of "You can't really compare a cost which returns zero profit versus one that turns a profit" when many companies haven't turned a net profit since their existence.