People about to learn just how “equivalent” to debt the PV of lease liabilities are under 502(b)(6).https://twitter.com/petition/status/1261652123776843778 …
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It was a dumb accounting rule IMO. Just a way for lazy investors not to do their own math when comparing companies.
Sorry, what was a dumb rule? Op leases being left off BS or now being added to BS?
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