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To: bruwin who wrote (106)9/14/2006 2:19:58 PM
From: jsabelko  Respond to of 4080
 
Hi bruwin. OK, but the only way EV is junk is if the books are cooked. Yes if management is messing with accounting then yes EV will be wrong but otherwise EV is the EV. Yes market determines it and can be overvaluing a company at any given time but it's still the EV and the EV/ebitda ratio will show this over evaluation and tell you to not buy.
In any case, thanks for the discussion.

joby