I think that, every time you saw the word EBITDA, you should substitute the word "bullshit" earnings.
Of all the big Internet companies, Yahoo is the most highly valued on a price-earnings and price-sales basis.
One of the things I've become immune to is people talking about market cap and social media platforms.
I think there's an awful lot of twaddle and bullshit on EVA. The whole game is to turn retained earnings into more earnings. EVA has ideas about cost of capital that make no sense. Of course, if a company generates high returns on capital and can maintain this over time, it will do well. But the mental system as a whole does not work.
Share results (financial and key metrics) with the company every month.
They don't take eyeballs at the bank. Those who value stocks by eyeballs should go be ophthalmologists, not stock analysts. There is no cyberworld where reach trumps profits.
It is impossible to add the stock of money to the flow of saving.
There's something we calculate called an alpha, and that's the stock's return that's independent, uncorrelated to the market. And the only way you really get a high alpha is for something to zig when the market zags.
I have not been a follower of how many millions my films made or did not make.
It is not about bits, bytes and protocols, but profits, losses and margins.
I dont consider the bloody ROI.
There are more ways than one to measure profits and losses.
Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing.
You don't leave behind box office scores or how many dollars changed hands.
Though it is very easy to do valuations, eyeballs and brand prominence surveys, you should never allow any of them to influence the balance sheet.
Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
What the investment community does like is short-term measures designed to boost share prices.
Percentage margins don't matter. What matters always is dollar margins: the actual dollar amount. Companies are valued not on their percentage margins, but on how many dollars they actually make, and a multiple of that.
the leaders of globalization ... have tied themselves to a single measurement by which they judge success and failure ... They only measure money and the bottom line.
If you aren't going to make your revenue plan, it's unlikely you'll make your EBITDA or Net Income plan. You don't even have to get complicated and look at Gross Margin or more derivative metrics - if you are off in Q1 and have any sort of growth expectations, you are going to miss for the year.
The value that some analysts put on revenue vs. what they put on profit is out of whack. If you can grow real cash earnings, that's 80% of what you ought to do, and the revenue component is 20%.
I ask people what they do in sales, how much money they made last year, what their cost of sales is, and they don't even know. If you don't know your numbers, you're going out of business. I don't care how good your product is.
To see how much a company is truly earning on the capital it deploys in its businesses, look beyond EPS to Return on Invested Capital (ROIC).
The only thing you should do with pro forma earnings is ignore them.
The list of companies that have added their own financial metrics is not a savory group.
