FOX Translator
No data currently available.
No data currently available.
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 / Media
Tuesday, August 19, 2008
China Cablecom to Ring Closing Bell at NASDAQ on September 3, 2008
Comtex
SHANGHAI, China, Aug 19, 2008 /PRNewswire via COMTEX/ ----SHANGHAI, China, Aug. 19 /PRNewswire-FirstCall/ -- China Cablecom Holdings, Ltd. ("China Cablecom") (Nasdaq: CABL) (Nasdaq: CABLW) (Nasdaq: CABLU), a joint-venture provider of cable television services in the People's Republic of China (PRC), announced today that the Company's executive management will ring the closing bell at the NASDAQ MarketSite in New York City's Times Square at 4:00 p.m. Eastern Time on Wednesday, September 3, 2008.
Mr. Clive Ng, Founder and Executive Chairman and Mr. Colin Sung, President and Chief Financial Officer, will preside over the ceremony to celebrate China Cablecom's listing on the NASDAQ Capital Market on July 29, 2008 under the symbol "CABL."
"It is an honor to participate in the NASDAQ bell ceremony to celebrate and commemorate China Cablecom's listing on one of the most prestigious equity markets in the world," commented Mr. Ng. "We would like to express our sincere gratitude to our shareholders, dedicated employees, the entire management team, and all other parties who have allowed us to achieve this great milestone today."
A live webcast of the NASDAQ closing ceremony will be available on the NASDAQ Webcam at http://www.nasdaq.com/about/marketsitetowervideo.asx.
About China Cablecom Holdings
China Cablecom Holdings is a joint-venture provider of cable television services in the People's Republic of China, operating in partnership with a local state-owned enterprise ("SOE") authorized by the PRC government to control the distribution of cable TV services through the deployment of analog & digital cable services. China Cablecom recently consummated an agreement to acquire a 60 percent economic interest in a cable network in Hubei province with paying subscribers exceeding 800,000. The Company originally acquired operating rights of the Binzhou Broadcasting network in Binzhou, Shandong Province in September 2007 by entering into a series of asset purchase and services agreements with a company organized by SOEs owned directly or indirectly by local branches of SARFT in five different municipalities to serve as a holding company of the relevant businesses. China Cablecom now operates 22 cable networks with over 1.2 million paying subscribers and is party to an agreement to acquire 800,000 additional subscribers in Hubei province. China Cablecom Holdings' strategy is to replicate the acquisitions by operating partnership models in other municipalities and provinces in the PRC and then introducing operating efficiencies and increasing service offerings in the networks it operates.
Safe Harbor Statement
The matters discussed in this press release contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this presentation and in the Company's other written and oral reports are based on current Company expectations and are subject to risks and uncertainties, which could cause actual results to differ materially. Any forward-looking statements are not guarantees of future performance and actual results of operations, financial condition and liquidity, and developments in the industry may differ materially from those made in or suggested by the forward-looking statements contained herein. These forward-looking statements are subject to numerous risks, uncertainties and assumptions. The forward-looking statements herein speak only as of the date stated herein and might not occur in light of these risks, uncertainties, and assumptions. China Cablecom Holdings undertakes no obligation and disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. You should carefully consider these factors as well as the additional risk factors outlined in the filings that China Cablecom Holdings makes with the U.S. Securities and Exchange Commission, including the Registration Statement on Form S-1 filed on April 18, 2008.
China Cablecom Holdings, Ltd. www.chinacablecom.net CONTACT: Debra Chen (917-499-8129) Email: debra@chinacablecom.net
SOURCE China Cablecom Holdings, Ltd.
http://www.chinacablecom.net
Copyright (C) 2008 PR Newswire. All rights reserved
Market Snapshot
| Symbol | Last Price | Netchange | Volume |
|---|---|---|---|
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
