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Christy, George C.

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

Christy, George C. - Free Cash Flow: Seeing Through the Accounting Fog Machine to Find Great Stocks, ebook

49,60€

Ebook, ePUB with Adobe DRM
ISBN: 9780470484982
DRM Restrictions

Printing30 pages with an additional page accrued every day, capped at 30 pages
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The purpose of this book is to explain Free Cash Flow and how to use it to increase investor return. The author explains the differences between Free Cash Flow and GAAP earnings and lays out the disadvantages of GAAP EPS as well as the advantages of Free Cash Flow. After taking the reader step-by-step through the author's Free Cash Flow statement, the book illustrates with formulas how each of the four deployments of Free Cash Flow can enhance or diminish shareholder return. The book applies the conceptual building blocks of Free Cash Flow and investor return to an actual company: McDonald's. The reader is taken line-by-line through the author's investor return spreadsheet model: (1) three years of McDonald's historical financial statements are modeled; (2) a one-year projection of McDonald's Free Cash Flow and investor return is modeled. Five other restaurant companies are compared to McDonald's and each other using both Free Cash Flow and GAAP metrics.

Keywords: cash flow, deployments of free cash flow, innovative investment strategy, GAAP metrics, shareholder value, shareholder return, shareholder returns, picking stocks, picking winning stocks, stock analysis, investor return spreadsheet model, increase investor return, enhance investor return

Author(s)
Publisher
John Wiley and Sons, Inc.
Publication year
2008
Language
en
Edition
1
Series
Wiley Finance
Page amount
224 pages
Category
Economy
Format
Ebook
eISBN (ePUB)
9780470484982
Printed ISBN
9780470391754

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