Pioneer Credit: A Purchase Debt Ledger Provider

Free cash flow is the gold standard in the metric I think that you should use. Because profit is statutory profit won't always equal cash. Companies with high growing reliable free cash flows are wonderful because there's this actual stream of cash coming through. But where it gets tricky is just sort of like, well sometimes it can move around. It can be very volatile as companies make investments. And again, you've got to come back to how good was that as an investment? That's the case with Pioneer, right? They're trading on half their book value and getting ahead of myself here with BookVape on half its book value at this point in time. It can't turn out easily