Getting the Market Right: How to Use EBITDA

By Steve McDonald Transcript:
Steve McDonald (SM): Our guest this week is Marc Lichtenfeld. He’s here to talk about EBITDA. And I’ll let you explain what it is because every time I try to say it, I say income tax instead of interest, taxes, depreciation and amortization. I’m in the markets 35 years. I’ve been working in them since ’91. What were you doing in 1991?

Marc Lichtenfeld (ML): I was out of school. That’s when I was starting to learn about the markets.

SM: Okay. I don’t ever remember hearing it mentioned, but in the last five, maybe 10 years, it’s EBITDA this and EBITDA …read more



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