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To: Brendan W who wrote (12614)6/7/2001 6:42:10 PM
From: Crossy  Read Replies (2) | Respond to of 78740
 
re: goodwill amortization

Brendan,
goodwill amortization is ALWAYS a noncash expense. When the SEC (foolishly IMHO) closed the door for "pooling of interest" type of takeovers the problem with the goodwill amortization crept in. As a believer in industrial accounting over financial accounting I usually prefer EBITDA figures and reduce that by the I part (Interest). You get a quasi-earnings before taxes figure that excludes all those effects that I consider "artificial"

best wishes
CROSSY



To: Brendan W who wrote (12614)8/5/2001 12:18:45 PM
From: Bob Rudd  Respond to of 78740
 
FYI 7/01 interview with Jack Ciesielski, who advises analysts on accounting covering changes in Goodwill & pension issues:
yardeni.com ~8 minutes in.