$TRNX $165M is completely misleading. The deal is only for HALF of that with an option for the second half, spread across 10 years! Even if Turkey options it, it’s only worth like $34M a year for the first 4 years and then $3M a year for the next 6. And do these Venturi units really only have a 10 year lifecycle?!? Stop pretending like Scotty just got a $165M check from Erdogan. Proper income recognition is important if you want to get the valuation right. I see a lot of new bag holders created on Monday. Don’t be one of them.
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