What virtues, Lord, Thou makest us abhor!
[The expert witness] determined the ratio of MVIC to other financial measures such as EBIT, EBITD, DFNI, DFCF, Interest Income and TBVIC...
The scary thing is that I recognized all of those except for Market Value of Invested Capital immediately--and I wouldn't pretend to be an Expert Witness, since EBIT, EBITD, and EBITDA are all nonsensical fictions that make centaurs, hippogriffs, and other legendary elements of fantasy seem quotidian.(Working definition of EBITDA: what the company would be worth if we hadn't run it into the ground with our skilled management.)
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