USBX Advisory Services. (Short Takes).

Brooks Dexter dexter /dex·ter/ (deks´ter) [L.] right; on the right side.

dex·ter
adj.
Of or located on the right side. , senior managing director with middle market investment banking shop USBX Advisory Services advisory services

advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , notes that business sale prices are down for two reasons: One: they sell for a lesser multiple of EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become (earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.

:EBITDA = Operating Revenue – Operating Expenses + Other Revenue

); and two, earnings are down. A company that sold for eight times earnings in late 1990s might command six times earnings now, and earnings might be off by 25 percent. Result: the business sale price is off by 43 percent, in this example. With prices so low, some business owners don't want to sell.

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Title Annotation:	Brooks Dexter on business sale prices
Author:	Cole, Benjamin Mark
Publication:	Los Angeles Business Journal
Article Type:	Brief Article
Geographic Code:	1USA
Date:	Oct 21, 2002
Words:	94
Previous Article:	Seidler Cos. (Short Takes).(Dan Harrow to head group)(Brief Article)
Next Article:	Buying more Stamps. (Wall Street West).(Warren Lichtenstein raises stake in Stamps.Com Inc.)(Brief Article)
Topics:	Acquisitions and mergers Analysis Forecasts and trends

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