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Don’t Trust “Free Cash Flow”

August 19, 2014

Two out of two experts agree: Most analysts grossly overestimate free cash flow. They do so at their own peril, and if you believe them, you are in the self-same peril. This afternoon, I sat down to listen to Barry Ritholtz?s radio interview of Kynikos Associates? founder Jim Chanos and was happy to hear Chanos …

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