CNBC -- critique. Message Board

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Pastimes : CNBC -- critique.

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To: Elmer who wrote (10993)	6/28/2002 1:10:43 PM
From: S. maltophilia	Read Replies (2) of 17683

<<managers are betting the company>> Bingo! And if it looks like the bet may not win, and the managers are compensated to win, they have every incentive to keep up an appearance of winning, even as they cross the line into bogus numbers. As an equity holder you are along for the ride on that bet, and the odds may not be what you think. EBITDA is not cash flow, it's not earnings, it's nothing but the status of a bet. It's not illegal, but neither is it investing.

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