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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
Isle of Capri Casinos, Inc. Property in Natchez, Mississippi to Reopen
Comtex
ST. LOUIS, May 9, 2008 /PRNewswire-FirstCall via COMTEX News Network/ ----Isle of Capri Casinos, Inc. (Nasdaq: ISLE) announced today that its casino property in Natchez, Mississippi will reopen Monday, May 12 at 10:00 am following a temporary closure due to Mississippi River flooding.
"The games are ready for action at Isle of Capri Casino; the Buffet is all set to start serving delicious meals and our team is excited to begin welcoming guests Monday morning. We express our gratitude and appreciation to our team members for all of their hard work, and commend city employees who have assisted in the flooding efforts," said John Moran, interim general manager. "Natchez is known for its charm and Silver Street is certainly an asset that we are proud to share with tourists and locals alike."
Isle of Capri Casinos, Inc., founded in 1992, is dedicated to providing its customers with an exceptional gaming and entertainment experience at each of its 18 casino properties. The Company owns and operates casinos in Biloxi, Lula and Natchez, Mississippi; Lake Charles, Louisiana; Bettendorf, Davenport, Marquette and Waterloo, Iowa; Boonville, Caruthersville and Kansas City, Missouri; two casinos in Black Hawk, Colorado; and a casino and harness track in Pompano Beach, Florida. Isle of Capri Casinos' international gaming interests include a casino that it operates in Freeport, Grand Bahama, a casino in Coventry, England, and a two-thirds ownership interest in casinos in Dudley and Wolverhampton, England.
This press release may be deemed to contain forward-looking statements, which are subject to change. These forward-looking statements may be significantly impacted, either positively or negatively by various factors, including without limitation, licensing, and other regulatory approvals, financing sources, development and construction activities, costs and delays, weather, permits, competition and business conditions in the gaming industry. The forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements herein.
CONTACTS: Isle of Capri Casinos, Inc., Dale Black, Chief Financial Officer-314.813.9327 Allan B. Solomon, Executive Vice President-561.995.6660 Jill Haynes, Director of Corporate Communication-314.813.9368
NOTE: Other Isle of Capri Casinos, Inc. press releases and a corporate profile are available at http://www.prnewswire.com. Isle of Capri Casinos, Inc.'s home page is http://www.islecorp.com.
SOURCE Isle of Capri Casinos, Inc.
http://www.islecorp.com
Copyright (C) 2008 PR Newswire. All rights reserved
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