2001 purchase price of $41,502,000 was based in part upon a multiple of 5.75 times the approximate $7,000,000 of EBITDA generated by the Pulver assets. For various reasons, the EBITDA of the Pulver assets fell to a level of $1,000,000 projected for 2003. The fact that EBITDA fell well short of projections, however, does not show that the forecasts made at the time of the purchase were unreasonable, especially when the subject assets were directly affected by unforeseen incidents, such as the terrorist attacks of September 11, 2001 or the economic woes which befell the internet industry. Predicting the operating perform- anee of the Pulver assets was an exercise of the business judgment of the Debtors. See In re Adelphia Communications Corp., 2004 WL 1634538, *3 (Bankr. S.D.N.Y.2004) (<HOLDING>). Even a Debtor exercising the most cautious
recognizing that pursuant to the business judgment rule the decisions of business professionals on the board of directors should be presumed valid holding that care of the grounds was part of the business of the hospital holding that there is no unitary business in part because there is no flow of international business holding that in pennsylvania there is a rule that proof of the ownership of a business vehicle involved in an accident raises a presumption that the operation of the automobile was for the owners business purposes holding that predictions of that character are at best educated guesses and that the debtors assessment of risk is exactly the kind of business decision that the business judgment rule respects