tag:blogger.com,1999:blog-27954921.post7898030324541677141..comments2023-10-22T02:01:14.457-07:00Comments on Sufiy.: Google is Increasing CAPEX in anticipation of growth which could never comeSufiyhttp://www.blogger.com/profile/01415300512698208401noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-27954921.post-61815001851525005952007-03-08T03:23:00.000-08:002007-03-08T03:23:00.000-08:00You are correct I did not specify impact on cash f...You are correct I did not specify impact on cash flow separately from secondary offerings, but it becomes adjusted in my metrics when I compare ratio of MC to FCF, MC has accounted dilution. You can see some analyses on dilution of shareholders value here as well:<BR/><BR/>http://sufiy.blogspot.com/2007/02/google-vs-common-sense-cas_117033894397018453.htmlSufiyhttps://www.blogger.com/profile/01415300512698208401noreply@blogger.comtag:blogger.com,1999:blog-27954921.post-14963341884873226732007-03-07T15:42:00.000-08:002007-03-07T15:42:00.000-08:00I like your analysis of cash flow deterioration. ...I like your analysis of cash flow deterioration. I think you left out the impact of the secondary stock offering. I am curious if your analysis took into consideration the impact it had on cash flow generation in 2005/2006.Anonymousnoreply@blogger.com