A lot of talk here ATM, but not much substance.
If you need help with your research here are some simple graphs from my own FA to help you.
COGS as a % of actual revenue (minus deferred)
Total receipts over time overlaid with actual revenue and deferred revenue. Notice the relationship between the latter two and how they still contribute to the overall uptrend.
You're welcome.
I would share more but I am too lazy.
Needless to say I am holding and good luck to those selling.
