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Strategies & Market Trends : Wall Street Analysts

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To: Patsy Collins who started this subject5/5/2002 6:00:28 PM
From: Patsy Collins  Read Replies (1) of 167
 
From the Bershire Hathaway annual meeting:

Mr. Buffett said he avoids companies that start talking about Ebitda and said there are "very substantial" more frauds perpetrated by people who talk about Ebitda than those who don't. He called Ebitda "a number that is bigger than it really is" and noted that Ebitda isn't a number that appears in the financial statements of such companies as Wal-Mart Stores Inc., General Electric Co. and Microsoft Corp.
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