RE:RE:RE:RE:RE:RE:RE:Free cash flowLets say that when we all sharpen our pencils we come out with FCF = 400 million dollars per year.
Then FCF per share = 2.50 and FCF yield = 37%
So how to explain the poor share price performance lately? Well IMHO the lack of relative performance corresponds with the recent invention of the Nutso Index. Which posits that share values should be compared based on the number of years required to payout not only their share price (as per traditional evaluation techniques ) but also to pay down all their debt. If anyone thinks this new metric has any investment value whatsoever, then I know an investment fund for you !!
learn about it on a replay of todays market call on BNN !!