RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Here it goesmonty613 wrote: bandit69 wrote:
EBITDA was a bull number back in the dotcom bubble. Still is but it's a good way to keep investors looking at the wrong carrot.
it's used to compare cashflow of companies of all shapes and sizes. if you don't believe in it, good for you, but it's a very standard metric in the investment industry and accounting industry?
WELL is cashflow positive if you add back their Depreciation and Amortization expenses only. to put it in simple terms for you so you can understand, that means they are profitable and generating cash.
I am aware of what it is used for and it is not for what you describe. If I see a company promoting it's EBITDA I immediately find the exit.
They are not profitable. They lost over $30mill or .19/share 9 months 2021. The accumulated deficit (aka cumulative losses) is almost $56mill. Of the over $1.14bill in total assets 76% of it is intangibles. 76%. There is almost $.5bill of total liabilities which are 100% not intangibles. LOL
I could tell you the financials of serial acquirers without looking at financials because they're the same every time. There is a reason EBITDA is not recognized by GAAP or IFRS. re: your previous comment about depreciation and amortization, depreciation (depreciating assets) and amortization (intangibles) are always added back to the cash flow statement (from the revenue statement) because they are non cash items for the reporting period. But they are real costs to a business. What happens on one statement always affects the other 2. EBITDA can be played with but I won't get in to it with you because you're laser focused on one thing. The wrong thing though.
That said, it's your money and I fully suport your freedom to do with it what you will.