Thoughts on SBC?
Warren Buffet does not like to ignore the impact of SBC on earnings - what are your thoughts / what do you do when you encounter EBITDA adjusted for SBC?
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I look at it as a real expense despite being non cash - if employees weren't payed out in stock, they would be compensated with cash. It's about the total compensation number that matters
That's a good way of putting it - thanks!
It should be a deduct from CFs if you’re doing DCFs. It has an economic cost even if not immediate cash flow impact
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