TMA Turnaround Square: EBITDA is not Cash Flow

EBITDA has a long history in the financial markets and is based on sound economic theory. However, along the way, one thing has become lost in the handing down of the tradition, and it is a danger to practitioners everywhere in restructuring. EBITDA ≠ Cash Flow. Join our panel of experts who will demonstrate myriad ways this statement holds true and the one tool you can use to save your reputation.

Panelists: 

Brian Gleason, CTP, Sr. Managing Director and Shareholder, Phoenix Management (a part of J.S. Held) 

Ed Schaffer, CFO, Revolution Prep

Ken Yager, CTP, President, Newpoint Advisors Corporation