Laxputs Posted May 7, 2014 Share Posted May 7, 2014 There are a few companies that come up in the value investing blogosphere (BDMS, LTM, CLUB) where it is alleged the company consistently reports greatly lower earnings than FCF. It is often due to there being a difference between maintenance cape ex and depreciation and amortization. Can this occur over the long term without it being an accounting trick? Should D&A always equal maintenance capex over the long term? Link to comment Share on other sites More sharing options...
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