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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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Tuesday, August 19, 2008
Chubb Responds to The Burma Campaign UK's Inaccurate News Release
Comtex
WARREN, N.J., Aug. 19, 2008 (Canada NewsWire via COMTEX) ----In response to a news release, "XL, Chubb Pull Out Of Burma," issued today by The Burma Campaign UK, The Chubb Corporation issued the following statement:
The news release issued today by The Burma Campaign UK contains numerous inaccuracies with respect to The Chubb Corporation and its response to The Burma Campaign UK's inquiry. For at least 11 years, Chubb has had in effect a policy that bars its member companies from maintaining an office in Burma, directly writing insurance in Burma, providing insurance into Burma from outside the country or entering into any transaction with the government of Burma.
The action by The Burma Campaign UK to place Chubb on its list of noncompliant companies was based on an out-of-date, erroneous list of independent service providers on Chubb's website, which has since been corrected. Chubb so informed The Burma Campaign UK on August 8, and Chubb subsequently received a letter from The Burma Campaign UK that it has corrected the report on its website to remove Chubb from its noncompliant list.
Chubb is therefore at a loss to understand why The Burma Campaign UK would on August 19 issue a news release which clearly implies -- incorrectly -- that Chubb has an office in Burma and that Chubb only now is revising its Burma policy and "pulling out of Burma" in response to Chubb being included on The Burma Campaign UK's noncompliant list. We have asked The Burma Campaign UK to correct its misleading news release.
SOURCE: Chubb
Mark Greenberg of Chubb, +1-908-903-2682
Copyright (C) 2008 CNW Group. All rights reserved. ********************************************************************** As of Friday, 08-15-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-26-2008 for CB @ $50.61. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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