CMV: EBITDA is a misleading indicator, because it hides the bottom line. When comparing a company to another, or even when assessing a given company, I want to know what their very bottom line is. EBITDA is not telling me the whole story. Any taxes that the company has will still need to be paid, and therefore what shareholders get at the end is what should matter more than EBIDTA. However most people continue to use EBITDA as the holy grail instead of using net income, ROI, ROE or other more important indicators.

Edit: I think overall I can consider myself swayed. I can see the objective uses that it may have, particularly when comparing raw performance. I think all arguments helped, but the one that talked about raw performance tipped the scale. Thanks! ∆