free cash flow13 Nov 2019 20:06
What happened to the old days when so many on here (still on here) went on about free cash flow could pay big divi's & debt didn't matter & a falling share price didn't matter etc. Come on own up. You got it hopelessly wrong. Free cash flow is nonsense, if it doesn't cover debt, & obviously losses. A point I made many times. I asked on here many times what % rate vod was paying on its debts, but got the answer it doesn't matter. Of course it matters. As the old saying goes, Income £1.01p, spending 99p. bliss. Spending £1.01p. income 99p, misery. Same as % paid on debt 2% , profit made from borrowings 1.9% misery, & vice versa. No offence meant, but some on here may be very clued up on stock market technicals, but haven't got a clue about common sense economics.