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To: Robert who wrote (660)10/26/1999 3:51:00 PM
From: FLSTF97  Read Replies (1) | Respond to of 6516
 
Any presentation of TVGIA's earnings in terms of EBITDA, I feel is greatly misleading since the D&A components are indeed huge. While there might be an argument for the cash flow value, one has to realize that the costs attributed to DA is real. One must consider the whole picture here to judge whether those purchases made good sense.

Fatboy