May 2011 NAPTP
Linn's Target Metrics:
Net Debt/Adjusted Ebitda 4.0x
Oh, wait, remember, norris said that Net Debt/Adjusted Ebitda didn't matter...that it was a made up metric...I guess it does matter to Linn enough to that they publish it.
Of course, he does it to himself....
Why all the way back to 2011?
Net Debt/Adjusted Ebitda less than 3.0x
Adjusted Ebitda/Interest greater than 4.0x
Oh! True free cash flow over interest expense great than 4.
Yes that is a meaningful metric. How fluttering and chattering rather than just trying to listen and understand did it take?
Maybe it can chew some more. Rather than why it thinks it is so important!?
The mental shadow puppet show is on!