Free Cash Flow: Seeing Through the Accounting Fog Machine to Find Great Stocks

Christy, George C.

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Éditeur
John Wiley & Sons Ltd
Pages
182
Parution
mars 2009
Format
Cartonné
Langue
Anglais
Dimensions
237 × 162 × 20 cm
EAN
9780470391754
  • Résumé

In the not too distant past, GAAP earnings per share was the financial metric of choice of equity investors. Because of increasing problems with accrual accounting, free cash flow has replaced GAAP earnings as the primary financial metric for many professional investors. Free cash flow is defined as operating cash flow minus capital expenditures.
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