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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Kerry Phineas who wrote (27714)	4/26/1998 12:25:00 PM
From: Knighty Tin	Respond to of 132070

Kerry, I haven't bought my BArron's yet. I'll let you know after I read it. Ebitda is what Latka used to say on "Taxi." When he wasnt' wrestling women, that is. <G> MB

To: Kerry Phineas who wrote (27714)	4/26/1998 6:41:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Kerry, I read the interview now and it didn't clear anything up for me. I have no idea what this guy meant by cash earnings. I suspect it is something like Ebitda, which is nonsense. That was the same argument made for Pagenet in the 30s when I was shorting it. The simple fact is, interest, taxes, depreciation and amortization are real animals. Stuff wears out and becomes obsolete and has to be replaced. Last time I asked, the govt. was pretty danged fussy about paying those taxes. Yes, the banks sometimes let players slide by on interest payments for a while, but they usually prefer to get their pound of flesh. Then there is goodwill, which is often a big number in this business, and that can be either a real number or a phantom. I hate this stock. I can't believe a radio station triples in value because these geeks come in, fire the disc jockeys and put Laura Slushburger on the air. -G- MB