Bragg Defends Using EBITDA Against Warren Buffett's Skepticism
John Bragg · John Bragg: The Blueberry Billionaire · Oct 1, 2024 · at 1:09:57
John Bragg explains why his holding companies (Oxford Frozen Foods, Eastlink) manage debt and valuation using EBITDA, despite Warren Buffett famously rejecting the metric.
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“Warner said in the past he's not a believer in EBITDA, but we are. We think it's the cash that the business generates that, and so we're always saying, well, what's the multiple on EBITDA, and so we know what cash is coming, because You can usually cut back on your capital if you need to.”
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