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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 / Technology
Thursday, May 15, 2008
Next Inning Technology Updates Outlooks for SanDisk, Anadigics, RF Micro Devices, and SiRF Technology
Comtex
PRINCETON, N.J., May 15, 2008 /PRNewswire via COMTEX News Network/ ----Next Inning Technology Research (http://www.nextinning.com), a subscription service focused on semiconductor and technology stocks, announced it has updated outlooks for SanDisk (Nasdaq: SNDK), Anadigics (Nasdaq: ANAD), RF Micro Devices (Nasdaq: RFMD), and SiRF Technology (Nasdaq: SIRF).
In January, just before tech stocks bottomed, McWilliams advised readers as to why Wall Street was wrong about technology and encouraged them to accumulate shares of specific stocks; some have since nearly doubled. He has followed that up with several reports, the next of which will be published this weekend. To read this report and enjoy a 21-day free trial of Next Inning, please click the following link:
https://www.nextinning.com/subscribe/index.php?refer=prn675
In response to subscriber inquiries, McWilliams wrote: "While the timing of my flip to a bullish stance on SanDisk was luckily the same day it hit a multi-year low, I think the logic is now proving to be right on -- what we're hearing now from Wall Street is that the second half looks good for NAND Flash and that was exactly the basis behind my bullish thesis..."
McWilliams also looks at these topics: -- Now that SanDisk is up more than 50% from McWilliams' suggestion to buy, does he still believe the stock will hit his $40 target or that it may be better to take some profits now that Wall Street is catching on? -- Are analysts right in suggesting that RF Micro poses a serious competitive threat to Anadigics? -- Should investors consider selling SiRF now that it has bounced off its recent lows? What options does McWilliams see for SiRF in the near future?
Founded in September 2002, Next Inning's model portfolio has returned 221% since its inception versus 93% for the Nasdaq.
About Next Inning:
Next Inning is a subscription financial newsletter focused on technology stocks. Editor Paul McWilliams is a 20+-year industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcie Martin Next Inning Technology Research, +1-888-278-5515
SOURCE Indie Research Advisors, LLC
Copyright (C) 2008 PR Newswire. All rights reserved
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