With regads to your first paragraph, that's part of what i am saying. But only part.
I say again, many here have been quoting the operating cashflow number without taking into account capex requirements. And even those that have been taking capex into account, are not accounting for the fact that much equipment has been getting acquired via finance leases (so won't show up under the investment cashfliws). And what's more, the latest reported operating cashflows were boosted by a likely one-time reduction in working capital.
Combine all of that with the fact that equipment requirements tend to be lumpy, and you have a recipe for unreasonable shareholder expectations.
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