It could be a multiple of revenue, broker dealers, for example, trade off a multiple of T-12 revenue, banks often trade off a multiple of tangible book value. But you are missing the entire point which was I was suggesting ways to create parameters around who gets support from the govt and using EBITDA as a CAP, not a floor. So if you were unprofitable you’d clearly qualify (unless there were other restrictions like, say, over 50% of last years revenues came from give subsidies). So EBITDA would be able to qualify if you were under some threshold. That’s when it was first brought up and you were saying EBITDA doesn’t matter at all (to anyone). But given you acknowledge that EBITDA is available to measure you’d agree that we could use it as a ceiling for who gets support since we’d be using a positive number as the threshold?LandM wrote: ↑Tue Mar 24, 2020 9:05 am C&S,
I think Colleen took over just a few years ago. The local lore is Danny built off what his dad's idea was. Either way, I drive by the organic farm on my way into town. IMHO, waste of good property......but so was Danny's ex-wife, tearing down a multi-million dollar home for new digs right around the corner, well down the street. IMHO, that is when you have too much money and flipping the bird. There are three families in Canandaigua, Wegmans, Galisono, and Sands. My good friend is the chief pilot for the Sands boys, amazing what you can stuff in a plane - another legacy family where the kids did not f'it up.
Far,
Not disagreeing with your analogy, but during the hey day of the dotcom.....wow nellie, wild times. The credit crisis was almost as bad. People were selling off an idea on a napkin.
To clarify, yes everyone has an EBITDA, some are positive and some are negative. What is the multiple for a negative EBITDA, % of revenue? Nope some future value that most of the times does not work.
IMHO you can hide in a bed or go live your life. Time for the daily walk.
Think it was Holmes that had it saying some companies there’s other considerations and I had added it might be to corner a market (Jack Henry/Silverlake, for example if you know banking software), or obtain a large key customer, maybe the top in a vertical one is trying to break into. They will project our positive operating earnings and cash flow, Amazon did in their Whole Foods deal (which by the way Amazon sits on so much cash that even if the expected ROE was below current operations it’s better than the return on their cash and they get to move into an entire new market for them with unobservable potential upside).
? Heading to upstate NY this afternoon anyway for a few weeks and will be bored out of my mind, what’s two more hours.
