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1/06/09 1:28AM
FCF
Trev,
Thank you for the write-up. One clarification question on your table which details MEDW's long-range financials. Did you add back amortization related to software development costs but then not deduct software development cap x? I... login to read the rest
Capitalizing S/W development is legal but a bit aggressive. MEDW does not seem to abuse it, and you can calculate an expensed EPS if you wish. Capitalizing tends to improve results during growth spurts but... login to read the rest
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