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Just as your pulse is checked during a routine physical, free cash flow is used as an indicator of a company's health. It equals the cash brought in from operations minus the money needed to pay the bills. Think about leftover money in your checking account after you pay this month's bills.
Investors and analysts see this leftover money as a gauge of a company's ability to perform. It is available for transactions such as handing out dividends and working on new products.
Some argue free cash flow is wrongly overshadowed by the emphasis often placed on earnings. Earnings numbers can be manipulated and don't always tell the whole story -- and earnings don't mean much if there's nothing left over after a company pays its expenses. Even if you bring in a six-figure salary, but no money left after paying the bills, are you in great financial shape?
You don't have to be Einstein to figure out free cash flow. To calculate the number, subtract the company's expenditures and dividends from its operating cash flow.
If the free cash flow is written in red ink, it doesn't necessarily signal curtains. This is common for young companies looking to grow. It also could be a result of heavy investments, which in the long run could be worth a standing ovation.
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Friday, May 09, 2008
Iranian-Americans of Texas Applaud UK Court Ruling on Reversing PMOI Terror Designation, Demand US to Follow Suit
Comtex
HOUSTON, May 9, 2008 /PRNewswire-USNewswire via COMTEX News Network/ ----The Iranian-American Society of Texas welcomes the May 7th ruling by the British Court of Appeal on the terror designation of the People's Mojahedin Organization of Iran (PMOI/MEK). The historic decision rejected the British government's appeal to challenge an order by a lower court to de-proscribe PMOI.
The designation came about in 2001 as a result of a disgraceful attempt by the then Home Secretary Jack Straw to placate the ayatollahs' tyrannical regime in Iran. To further appease the mullahs, the British government pressed the European Union to follow suit and blacklist the PMOI in 2002.
Following the Wednesday ruling, Mrs. Maryam Rajavi, the President-elect of the National Council of Resistance (NCRI), remarked that "The ruling marked the end of the grave insult to the People's Mujahedeen ... The terrorist label has crumbled." Indeed this ruling is the triumph of justice and truth over shameful policy of appeasement of a fascist regime.
The Iranian-American Society of Texas calls on the U.S. Department of State to base its upcoming October 2008 review of the terrorist designation of the PMOI on the Court of Appeal's ruling which emphatically stated that the organization is not "concerned in terrorism." The ruling of the British courts as well as a similar verdict by the EU Court of Justice in Luxemburg in December 2006, issued following the courts complete review of all open and classified evidence and independent of any political and policy considerations, behooves the U.S. government to promptly revoke the morally and legally unjustified blacklisting of the PMOI.
The policy of appeasement pursued by the western governments has only emboldened the mullahs as it did the Hitler's fascist regime. We must untie the hands of the Iranian people and their just resistance to rid Iran and the whole world of this nuclear weapons seeking menace before it is too late. The PMOI, with more than forty years of noble struggle for freedom and secular democracy against two dictatorships in Iran, is essential to the realization of democratic change in Iran. It is time to stand with the Iranian people and support them in their resistance against the Islamic fundamentalist rulers by lifting the terror designation from the PMOI.
SOURCE The Iranian-American Society of Texas
Copyright (C) 2008 PR Newswire. All rights reserved
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