Simon Belanger
👤 SpeakerVoice Profile Active
This person's voice can be automatically recognized across podcast episodes using AI voice matching.
Appearances Over Time
Podcast Appearances
With the amount they're spending, I would hope that they could turn out that much higher growth through the next four years.
I mean, they'd better.
I would imagine.
Well, they might not be negative now.
It's difficult to say.
I mean, it's just mostly all the capex burn.
But eventually, they're expecting probably a lot of depreciation to hit the income statement.
They're still expecting to grow at that pace.
The growth is not the question.
It's
Exactly.
Yeah.
If you can imagine the more long dated your backlog is.
Yeah.
the more opportunity there is for that backlog to not be satisfied.
And then when you build out all the infrastructure to satisfy that, and it's not getting used, like you have a disastrous situation.
They used to be a company that pretty routinely bought back shares.
So they took share counts from 4.3 billion shares outstanding in 2016 to around 2.77 billion in 2023.
But now the script is flipped.
They've stopped buybacks.