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Technology Stocks : Infinity Broadcasting Corporation (INF)

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To: Larry S. who wrote (8)11/20/1998 1:44:00 PM
From: MGV   of 21
 
Radio standard for valuation is EBITDA multiples because P/E is less meaningful due to abundant noncash charges from goodwill amort. from acqs.

That said, I don't have the INF ebitda multiple at hand. I do recall it is priced at th ehigh end of the relative multiple comparables vis-a-vis Jacor and Chancellor. It deserves a multiple premium. The issue is how much of one is appropriate.
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