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How to Evaluate a Company's Cash Flow
Price to book was the best one for all. Free cash flow to enterprise value should do pretty well you know price index this is a very simple form of activism that generates good returns. I wouldn't say a value investor should rely on multiples expanding but you can look through and see what the engine room of the business is going to do. The risk to people who pay for these pay these very high multiples is that the multiples compress, he says.