The Evil Diaries Addendum: A Short on Nasdaq for the Coming Bear Market
A competent adviser remarks to me: “As at September 30th 2014, SBAC (SBAC on Nasdaq) had long-term debt of $6.8 billion and net current liabilities of $0.7 billion. Net PPE was $2.7 billion and so they were balance-sheet insolvent. You can add their intangibles and they still have a balance sheet deficit. This is a…