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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.
Home / Markets / Industries / Finance
Monday, June 30, 2008
Artevo Corporation and Toller Cranston sign a multi year Strategic Branding and Marketing agreement
Comtex
CALGARY, Jun 30, 2008 (Canada NewsWire via COMTEX) ----Artevo (TSX Venture Exchange AEV), a technology driven company focused on the production, marketing and distribution of all categories of fine art, today unveiled its plan to market Toller Cranston original artworks on a global basis. Artevo has also secured the exclusive rights to produce and market dozens of Cranston fine art reproductions.
"This is an incredible opportunity for the Artevo brand," says Christopher Talbot, President and CEO. "We are very familiar with providing the very best in Artistic excellence to our customers, and to have been chosen by a world class artist as his exclusive global distributor for his artworks is not something we take lightly."
Born in Hamilton, Canada, Toller Cranston is widely acclaimed as the most influential figure skater of this century. A lifetime of remarkable achievements make this artist extraordinary: Olympic medalist; Member of the Order of Canada; three-time world free-skating champion; Canadian Athlete of the Year; internationally-known painter, illustrator, author, designer, choreographer; commentator and star of award-winning television specials and films. These credits are merely the tip of the creative iceberg. As an artist, Mr. Cranston is highly respected by his peers and has exhibited in many prestigious galleries around the world.
Artevo is a Calgary-based fine art resource for the global art community. Their primary focus is to make artwork accessible, understandable and fun. Artevo has one of the largest, instantly searchable, pre-selected artwork collections in the world. A network of established, credentialed agents worldwide enables Artevo direct access to the leading artists of the world. For more information on Toller Cranston and other exclusive artists please visit artevo.com.
Artevo is a publicly traded company and started trading on the TSX Venture Exchange June 24, 2008.
The TSX Venture Exchange Inc. has neither approved nor disapproved the
contents of this press release.
SOURCE: Artevo Corporation
Christopher Talbot, President and CEO, T (403) 244-8123, C (403) 397-1977, F (403) 229-9687, E christopher.talbot@artevo.com
Copyright (C) 2008 CNW Group. All rights reserved.
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