baltimoresun.com

« Another sign of Maryland's slumping economy | Main | An even better name for operating cash flow »

February 22, 2008

The poetry of stock options

I promised to write a poem about United Therapeutics' Tuesday earnings report. It was at the end of today's column. This is it. EBITDASO is earnings before interest, taxes, depreciation, amortization and stock options. In other words, not exactly the bottom line.


Our profits took a hit, it's true,
But we wouldn't like to say so.
So we'll publish what you can't construe:
Our latest EBITDASO.

Sales rose by leaps and bounds, but sadly,
Our costs leapt even more.
But lest you curse our name too badly,
EBITDASO blurs the score.

Bounteous options with few strictures
The boardroom does bestow.
But you'll always lack the full, fat picture
In the land of EBITDASO.

Although our boss took home a heap,
Don't sweat the small details.
If you'd rather think we bought her cheap,
EBITDASO tells no tales.

Posted by Jay Hancock at 10:54 AM | | Comments (0)
        

Post a comment

All comments must be approved by the blog author. Please do not resubmit comments if they do not immediately appear. You are not required to use your full name when posting, but you should use a real e-mail address. Comments may be republished in print, but we will not publish your e-mail address. Our full Terms of Service are available here.

Verification (needed to reduce spam):

About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
-- ADVERTISEMENT --

Most Recent Comments
Baltimore Sun coverage
Sign up for FREE business alerts
Get free Sun alerts sent to your mobile phone.*
Get free Baltimore Sun mobile alerts
Sign up for Business text alerts

Returning user? Update preferences.
Sign up for more Sun text alerts
*Standard message and data rates apply. Click here for Frequently Asked Questions.
Charm City Current
Stay connected