http://longorshortcapital.com/quotes-entirely-relevant-to-investing-sopranos-ebitda.htm We dividend our ad money to you. Wed, 17 Mar 2010 17:04:13 -0700 http://wordpress.org/?v=2.9.1 hourly 1 http://longorshortcapital.com/quotes-entirely-relevant-to-investing-sopranos-ebitda.htm/comment-page-1#comment-215 Coin Smarts » Blog Archive » Aristotelian Debt Thu, 18 May 2006 16:25:10 +0000 http://longorshortcapital.com/quotes-entirely-relevant-to-investing-sopranos-ebitda.htm#comment-215 [...] Maybe I am quibbling about semantics here, but deleveraging does not add to what I consider “earnings capacity.”  There is a reason it is called Earnings Before Interest Taxes Depreciation and Amortization.  Deleveraging simply reduces interest expense.  Sheesh, even Paulie “gives the true picture of a company’s profitability” Walnuts knows that.  Of course, all that debt pulls out a lot of cushioning should the market go south.  This is part of the mindset that contributes to the wrong headed impression that financial structuring of this kind alone improves the fundamentals of a firm.  And how”s that been working for investors today who bought in at $16-17?  Well, let”s just take a look: [...]

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