Gemstar Intl (GMST) Message Board

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Technology Stocks : Gemstar Intl (GMST)

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To: A.L. Reagan who wrote (3686)	8/21/2000 2:46:24 AM
From: Mike Buckley	Read Replies (2) of 6516

Agree w. Buckley that EBITDA is more often than not a crock of poo. Buckley didn't write that. Besides, poo isn't delivered in crocks. :) To get a little serious, sometimes it's hard to please investors. Would we prefer that the pooling-of-interest method of accounting be used for the purchase? C'mon folks. It's our job to dissect the numbers to arrive at an informed opinion of the company's core operations. And financial statements aren't presented in the format of EBITDA. That's just one lousy tool used to analyze the financials. So if you don't like using EBITDA, don't use it. :) --Mike Buckley

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