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Please excuse my ignorance here but I gotta ask....
I just read the Sept. edition of Hidden Gems and they listed ASTE on their "watch list"...

At the end of the suggestion he said; "Trading at an enterprise-value-to-EBITDA ratio of a little more than 6, the company isn't at all expensive today. But on any kind of earnings disappointment, that ratio will probably drop below 6. At that level, I'd be buying".

OK.. since they say this on TV on Ghost Hunters I assume it's OK to say this here: WHAT THE FRICK IS HE TALKING ABOUT?

I know what EBITDA is... What is the Enterprise Value, and if I have to dirive it, how does one do that?

Pat
The Obviously Dunderheaded Fool...
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