Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Oeconomicus who wrote (142332)	5/17/2002 7:12:29 PM
From: H James Morris	Read Replies (1) of 164684

>>How I'm doing is none of your freakin' business. OK<< It's OK with me, but you and Bill "the secular pig" were the big promoters of EBITDA on this thread. Banish Ebitda. Companies hit the skids for all sorts of reasons, but it's one thing that ultimately kills them: They run out of cash. Yet most managers are too preoccupied with measures like Ebitda (earnings before interest, taxes, debt, and amortization) and return on assets to give cash much notice. Boards don't ask for it. Analysts don't analyze it. Corporate financial statements do typically include a statement of cash flow, but it's a crude snapshot that excludes off-balance-sheet items and doesn't show where the cash comes from. The solution is a detailed, easily readable cash-flow report. Give it to the board. Give it to employees. Break out cash flow by division, letting people track the company's blood flow themselves. Warren Buffett pays close attention to cash flow because, among other reasons, he knows cash is hard to fudge. That's why creative accountants hate it--and why you should learn to love it. No system survives for long without feedback and controls. So corporate America has a choice: It can implement these controls itself. Or it can wait for regulators and politicians to impose them. Which sounds better to you?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next