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Jason Gans's avatar

Yes great throwback - followed newell for years. There was a great pic on X with a couple (halloween costume) the man as ebitda and the woman as adj ebitda - not a fan of the adjustments - if you adjust every qtr its not adj its part of your poor business model - great piece!

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Abb b's avatar

Love this (unfortunately from the perspective of someone who bought into Polk). What’s the moral? Avoid companies that are doing any adjustments - how else do we know it’s a fraudulent adjustment versus legit.

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