PNC 0.99% 51.0¢ pioneer credit limited

If one uses a metric like ebitda for a company like this how do...

  1. 864 Posts.
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    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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