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  "documentTitle": "Maxar Technologies (MAXR)",
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  "authorName": "Ben Axler",
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  "notes": "Uses financial statement excerpts to highlight a discrepancy in asset valuation and classification.",
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      "kind": "callout",
      "text": "DigitalGlobe carried just $74m of intangible assets, but Maxar believes C$1.3 billion of deal value exists here at the expense of its physical satellite constellation",
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      "text": "We previously illustrated our concern that MDA appears to overcapitalize costs by inflating intangible asset purchases. Thus, it came as no surprise to us when Maxar used the DigitalGlobe acquisition to inflate intangible assets even further.",
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      "text": "Source: Form 51-102F4 Business Acquisition Report, SEDAR filed Nov 14, 2017",
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