Nicholas Vaughan: "Happy Christmas and Happy New Year to you and your family and a big thank you for your FM interviews. They provide lots of ideas in different sector and they provide knowledge that i need because i made more mistakes than the sheep in wales. Take Care".
I often wonder why they don’t use free cash flow as the metric that best represents a companies operating earnings. After all it tells us what is left over after all expenses and maintenance of the company, money that is ours the shareholders?
Nicholas Vaughan: "Happy Christmas and Happy New Year to you and your family and a big thank you for your FM interviews. They provide lots of ideas in different sector and they provide knowledge that i need because i made more mistakes than the sheep in wales. Take Care".
I often wonder why they don’t use free cash flow as the metric that best represents a companies operating earnings. After all it tells us what is left over after all expenses and maintenance of the company, money that is ours the shareholders?
Excellent - thanks chaps
Please please please refrain from constantly referring to EBITDA which we all know is completely meaningless in the real world!
As Charlie Munger said "bullshit profits"
Charlie Munger: "Every Time You Hear ‘EBITDA’ Substitute It With ‘Bull**** Earnings.”