TSCDY - Should You Look At Free Cash Flows To Find Safer Dividend Payers?
In December I wrote an article for Master Investor magazine talking about ‘my stock market tip for 2019’.
At the time I was looking to switch my investment strategy from an earnings-based approach to one centred around free cash flows (i.e. operating cash flow minus capital expenses).
However, after some additional thought and meditation I have decided to back-track somewhat on my short-lived enthusiasm for free cash flows.
Instead of using free cash flows to find safer dividends, I’m going to focus on reported earnings, growth of capital employed, net profit margins and