@adam3us@GeoffreyGardine The post office shouldnโt open your mail to decide whatโs โworthy.โ Build that power for junk, and it wonโt stop at junkโฆ
@asjwebley@smarterwebuk Strongly agree โ debt and preferred are claims on the same BTC, so fully diluted EV is the only honest cost basis. One caveat: it only works for like-for-like companies. For miners and holdcos, EV also includes the operating business.