Q: Here is another take on WELL:
Adjusted gross margin 43.7 % down from 51.3%
Adjusted net income $52.4 million down from
$ 53.7 million
Adjusted free cash flow $42.4 million down from $ 48.9 million.
I am in the camp of Warren Buffet and Charlie Munger who dismiss EBITDA. If you’re going to give a financial number before interest , for instance, you may as well exclude salaries ( or anything else for that matter ) as well.
I own WELL but will keep a closer eye on it. Please shot holes in my thoughts. Thanks. Derek
Adjusted gross margin 43.7 % down from 51.3%
Adjusted net income $52.4 million down from
$ 53.7 million
Adjusted free cash flow $42.4 million down from $ 48.9 million.
I am in the camp of Warren Buffet and Charlie Munger who dismiss EBITDA. If you’re going to give a financial number before interest , for instance, you may as well exclude salaries ( or anything else for that matter ) as well.
I own WELL but will keep a closer eye on it. Please shot holes in my thoughts. Thanks. Derek
5i Research Answer:
Thank you; certainly some metrics declined year over year, but we would have expected the 25% growth prediction and guidance over current estimates to have at least caused some more interest in the stock.