Depreciation and write offs are real expenses. I will never just...

Depreciation and write offs are real expenses. I will never just look at EBITDA because it does not include these real expense items. The items that have been written off and depreciated were purchased in the cash flow statement years back (and not included in the income statement), but now you want to have it both ways and now also not include their depreciation and write offs from the income statement?

I think I will stick with Buffet on this one and have to agree to disagree, but depreciation and write offs are a real expense. Shareholders equity has been destroyed. The mistake was made years ago, and only now coming into fruition. What mistakes will they make now that will come into fruition in the future?