A Closely Watched Metric That Can Be More Art Than Math WILLIAM D. COHAN Debt issuers are taking unusual license in how they calculate Ebitda — earnings before interest, taxes, depreciation and amortization — leading to the mispricing of risk for investors, William D. Cohan writes in the Street Scene column. February 12, 2015 at 12:00AM http://nyti.ms/1A0tyPJ The New York Times Business Day Company Reports, Mergers, Acquisitions and Divestitures

By WILLIAM D. COHAN via NYT / Eethg. Corps. Inc. / Terrence Herschel G. Business Day http://nyti.ms/1A0tyPJ A Closely Watched Metric That Can Be More Art Than Math February 12, 2015 at 12:00AM The New York Times