RE: EBITDA is utter nonsense – Warren Buffet24 Jun 2023 17:03
This is the REVB board, so I would expect that. BOO will add nothing for REVB holders (in my opinion), and even the people that own both seem to agree.
BOO have had a disastrous few years, losing 90% of their share value and being caught up in some unsavoury scandals
REVB have managed to put their recent troubles behind them, and thought that BOO were a supportive partner (because that’s what they said).
So, I’d say that BOO have had their day, with a failing business and REVB are at the very beginning of their journey towards profitability, expansion, being debt free and eventually to dividends.
Are you surprised that REVB holders want nothing to do with BOO?