Follow the Money
This is the eBook version of the printed book.
An objective framework for assessing management’s effectiveness in deploying capital to increase shareholder value.
Shareholders’ lack of direct control over cash flow represents a blind spot in traditional cash flow-based valuation. Management might deploy a company’s free cash flow in many ways that don’t add shareholder value. Management contro...
This is the eBook version of the printed book.
An objective framework for assessing management’s effectiveness in deploying capital to increase shareholder value.
Shareholders’ lack of direct control over cash flow represents a blind spot in traditional cash flow-based valuation. Management might deploy a company’s free cash flow in many ways that don’t add shareholder value. Management contro...
