Sad reality is that you may even need PON at $30k+ to make this business half decent and even then management may screw it up from costs blowing out in my opinion.
Remember they sold us base case PON at about $16k in 2021 in 2021 - Someone can dig it out from one of their presentations.
Oh how the base case has just continued to move higher - It’s called desensitizing you to higher costs along the way - In the end you just accept it’s the norm LOL.
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