Value Creation or Destruction-As Simple as 1, 2, 3
By GeoffGannon on Wed, 2007-07-04 23:37
(via valuediscipline.blogspot.com)
Value Discipline discusses how businesses create value. This post focuses on the main drivers of free cash flow. "The main drivers of free cash flow are as simple as (1), (2), (3), essentially operating margins, the intensity of capital expenditures, and the investment in working capital."
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This is a very good article. Rick always does a fantastic job with his writings.