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Karyn McCormack Amey Stone
BUSINESS DIRECTORY
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January 24, 2005

In Praise of Free Cash Flow

Amey Stone

One of my favorite sources over the years has been Richard Moroney, editor of the newsletter Dow Theory Forecasts. In comparison with the many fast-talking, bullish Wall Street analysts I talk to, Rich comes across as steady and incisive; like he can see what's really going on at a company through the haze of quarterly earnings guidance and hyped new product announcements.

Today he's the featured commentator on Zacks. His piece on looking at a stock's price/free cash flow ratio is worth reading. He also gives a couple of picks based on this method of analysis: Valero Energy (VL0) and Ball (BLL)

05:22 PM


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