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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (9744)1/26/2000 2:24:00 AM
From: James Clarke  Read Replies (1) of 78497
 
You agree with me - the net net calculation does not ask one to make an operating lease an asset (a "plus"), only to assume the asset part of it offsets the liability part of it one to one. That may be a good assumption or it might not.

Check your yahoo e-mail - I sent you a lengthy message on something pretty important.

Interesting discussion on the operation leases - you had prodded me to think about this before, and I finally did. I'm comfortable that GAAP accounting is right on this, but importantly now I understand when it would be wrong.

JJC
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