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On June 2, 2018 Jason Zweig’s article in the Wall Street Journal was titled, “ The Fanciful Alphabet Soup Companies Use to Fool You.” Zweig writes that any form of modified profit isn’t cashflow. I get the feeling many people, even in my industry, don’t understand the difference between profit, Ebitda, and cashflow.
For months now, Steve has been struggling over cash-flow problems with no solution in sight. That would only send them slipping out the door with updated resumes in search of positions more secure elsewhere. As part of his ongoing column in Money Inc.
On August 24 my phone buzzed with a news flash from The Wall Street Journal. Yes, they can inflate their resume, like they do for jobs, and that’s why relationship is so important. Cashflow is, however, the tricky one. The reason is supposedly “to secure favorable loans and tax benefits.”. Why didn’t the bank(s) verify?
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