How important Is EBITDA ?

How important Is EBITDA ?

EBITDA is increasingly controversial as a metric. But, why all the fuss? EBITDA is pervasive in High Yield and has its origins in the 80s and 90s LBO boom. “Community Adjusted EBITDA”, “EBITDAC” – have grabbed the headlines, evidence of...
Uncertainty and Valuation

Uncertainty and Valuation

Uncertainty has increased due to the crisis. I read a great article by Aswath Damodaran. In it he touches on the behavioral and quantitative aspects of post CoVid Valuation. What’s more as I thought about uncertainty I was reminded of Nicholas Nassim Taleb and...
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