I think you're losing out if you only look at one metric or the other. Yes, companies can stuff recurring charges into the one-time column in their adjusted EB

I think you're losing out if you only look at one metric or the other. Yes, companies can stuff recurring charges into the one-time column in their adjusted EBITDA metric. But there are certainly cases where an adjusted EBITDA metric gives you a better long-term view of the business. The issue is not adjusted EBITDA per se, it's that stuff gets jammed in there dishonestly. The only true answer is that if this matters to you then you need to dig into the adjusted EBITDA and see how they are really calculating it and decide how good of a picture of the business it's painting. But there is value there.