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To: Elmer who wrote (10993)	6/28/2002 11:59:04 AM
From: Gamma Positive	Respond to of 17683

I totally agree about your views of Maria. IMO, what has happened at CNBC with Maria is that CNBC thought they could "grow" their own business "expert"/personality rather than go out and hire an already established one. Maria is a poor excuse for a business journalist, anchor or whatever one chooses to call it. (She does some of her reporting duties okay, like her NYSE floor reports, but her anchor abilities stink IMO.)

To: Elmer who wrote (10993)	6/28/2002 1:10:43 PM
From: S. maltophilia	Read Replies (2) \| Respond to 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.