Tuesday, July 24, 2007

The Only Thing Better Than Earnings Season?

Lawsuit Season!

Merrill Lynching [International Herald Tribune]

Is it bad that Merrill has to dish out all its bonuses and then shoot off some more locks to pay off these lawsuits? EBITDA will now be referred to as EBITDAL* - earnings before interest, taxes, depreciation, amortization, and lawsuits.


*kind of sounds like a prescription drug that one could easily get addicted to, no?

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