What EBITDA Actually Tells You and What It Deliberately Hides
There is a joke on Wall Street that EBITDA doesn’t actually stand for Earnings Before Interest, Taxes, Depreciation and Amortization. Instead some investors say it stands for Earnings Before I Tricked the Dumb Auditor. It is a bit cynical. Like all good financial humor, it cuts close to the truth. If you have read tech…