PNC 4.95% 48.0¢ pioneer credit limited

Ann: Pause in trading, page-55

  1. 864 Posts.
    lightbulb Created with Sketch. 72
    If one uses a metric like ebitda for a company like this how do you validate the debt acquisition decisions as you never suffer the original acquisition. Personally I think that's a useless metric for measuring perpetual buyers of deep discount financial assets. Vintage profiling and risk adjusted return metrics much better.

    DYOR
 
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