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11-29-2012, 12:54 PM
  #509
HSHS
Losing is a disease
 
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Join Date: Apr 2005
Location: Redondo Beach, Ca
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Quote:
Originally Posted by BrooklynCapsFan View Post
Income and expenses can be flat out made up. They don't tell you anything. And it's plain incorrect to look at 30 different income statements from 30 different organizations and assume you can just add them up to arrive at a composite conclusion. Everyone measures and reports income and expenses differently.

Show me the cash flows.
EBITDA is cash flow. Now whether its agreed upon what's true HRR is one story. Or if sports should be run with Net earnings is another.

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