lbo-talk at lists.panix.com wrote:
>
--- Jordan Hayes wrote:
>
> A simple answer is that you keep paying for them (in current
> reductions of profit) via depreciation but you don't generate
> revenue to match.
>Not sure that this works in the glorious new world of EBITDA.
Depreciation is a non-cash item -- that's part of how these companies
sustained their huge valuations in the first place.
>
Does not compute. Could you explain?
Christian