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Old 05-29-2016 | 10:33 AM
  #4  
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zippinbye
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From: WB Cpt
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The implication of nefarious omissions in yesterday's Chairman's Letter as related in this thread and others is a bit paranoid in my opinion. 70 percent is a firm target based on an estimated number. The letter included that figure as a parenthetical reference (brevity rules in parenthesis). It's much simpler to cite "70 percent" than "approximately $3.15 billion to $3.85 billion depending on actual free cash flow." Stating "70 percent of free cash flow" is hardly a camouflage for the actual dollar figures. Those are out there. As big boys and girls, we can do the math. Malone makes the free cash flow reference while running down a laundry list of circumstances that position us for "a contract heavily weighted in our favor." I'm not seeing any covert masking of the truth here. No intentional disrespect, I just think there are valid concerns available to create angst and focus attention toward. This is not one of them.
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