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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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Thursday, July 03, 2008
The Brualdi Law Firm Announces Class Action Lawsuit Against Apple, Inc.
Comtex
NEW YORK, Jul 3, 2008 (PrimeNewswire via COMTEX) ----The Brualdi Law Firm P.C. announces that a lawsuit has commenced in the United States District Court for the Northern District of California on behalf of purchasers of Apple, Inc. ("Apple" or "the Company") common stock during the period between June 29, 2003 and June 29, 2006 (the "Class Period").
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Apple common stock during the period described above, you have certain rights, and have until no later than 60 days from June 27, 2008 in which to move for Lead Plaintiff status. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Sue Lee at The Brualdi Law Firm, 29 Broadway, Suite 2400, New York, New York 10006, by telephone toll free at (877) 495-1877 or (212) 952-0602, by email to slee@brualdilawfirm.com or visit our website at http://www.brualdilawfirm.com/
The Complaint alleges as follows: Apple's share price dropped 14% in the two weeks after Apple's admission of backdating, erasing more than $7 billion in share value. It's this loss that the plaintiffs hope to recover. In December 2006, Apple said that as a result of its internal investigation, it would restate its financial results to include "an additional non-cash stock-based compensation expense of $84 million after tax ($105 million pretax), including $4 million and $7 million in fiscal years 2006 and 2005, respectively." The company said it had found no irregular grants after Dec. 31, 2002.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: The Brualdi Law Firm
The Brualdi Law Firm P.C. Sue Lee, Esq. (212)-952-0602 (877)-495-1877 slee@brualdilawfirm.com
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
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