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  "documentTitle": "Monolithic Power Systems (MPWR)",
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  "authorName": "Ben Axler",
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  "notes": "The red box highlights the total spending on land/real estate vs dividends and M&A.",
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      "text": "We estimate that Monolithic has spent $126m on land and properties, which dwarfs spending on M&A and share repurchases, and is surpassed only by $192m spent on dividends.",
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      "text": "Capital Spending: $126m",
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      "text": "We estimate that Monolithic has spent $126m on land and properties, which dwarfs spending on M&A and share repurchases, and is surpassed only by $192m spent on dividends.",
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      "text": "1) Disclosed on the Q4 2017 conference call and 2017 10-K\nSource: Company filings",
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      "text": "Capital Spending On Properties",
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