Here is a little graphic inspired by GH1971's prior post. The conversion of WIP to cash makes more sense to me now that I see it visually over time. It would be safe to guess that we can expect a tad more than $180m in cash receipts in our 2021 annual report.
That's quite good for a business that is only valued at $150m by the market.
Here is a little graphic inspired by GH1971's prior post. The...
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