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Free Cash Flow: Seeing Through the Accounting Fog Machine to Find Great Stocks (Wiley Finance)
George C. Christy
€ 53.29
€ 46.02
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Description for Free Cash Flow: Seeing Through the Accounting Fog Machine to Find Great Stocks (Wiley Finance)
Hardcover. 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. Series: Wiley Finance Series. Num Pages: 182 pages, Illustrations. BIC Classification: KFFM. Category: (P) Professional & Vocational. Dimension: 237 x 162 x 20. Weight in Grams: 394.
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: ... Read more
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: ... Read more
Product Details
Format
Hardback
Publication date
2009
Publisher
Wiley
Condition
New
Series
Wiley Finance Series
Number of Pages
208
Place of Publication
New York, United States
ISBN
9780470391754
SKU
V9780470391754
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-50
About George C. Christy
GEORGE C. CHRISTY, CFA, has more than thirty years' experience in the financial markets. He has served as corporate banker for Fortune 500 and middle market companies, as well as treasurer of a publicly owned telecommunications equipment manufacturer. Christy has a BA from Princeton University and an MBA from the University of Chicago, and holds the Chartered Financial Analyst (CFA) ... Read more
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