Links - 5/6/2021
“Factor screening on any of the aforementioned ratios suffers from a major flaw: Company value is determined by all future free cash flows discounted to the present. Rudimentary ratios fail to capture what could, should, or would happen to a company beyond the next year or two. Historical cash flows, book value, earnings, or momentum in the growth of an…
Keep reading with a 7-day free trial
Subscribe to Value Investing World to keep reading this post and get 7 days of free access to the full post archives.