Why cash flow is king скачать в хорошем качестве

Why cash flow is king

From time to time, companies pull the wool over investors' eyes, "cooking the books" to convince investors things are far better despite a worsening economic environment. Cash flow, however, is vastly more simple. "Cash flow is a lot purer than revenue or earnings. To some extent, you can just buy revenue and earnings and overexpand. Cash flow is really what's left after having actually paid all your bills and funded what you need to do to sustain the business," L1 Capital International's David Steinthal said. It's also "fundamentally important" to the valuation of businesses, Steinthal argues. In this episode of The Pitch, Steinthal provides a deep dive on assessing cash flows across various businesses, some examples within the portfolio, as well as some of the traps that investors should look out for. Note: This interview was recorded on Thursday 23 November 2023. You can read an edited transcript below: https://www.livewiremarkets.com/wires...