"Earnings occupy a central position in accounting. It is accounting’s summarymeasure of a firm’s performance. Despite theoretical models that value cashflows, accounting earnings is widely used in share valuation"Source: http://lib.cufe.edu.cn/upload_files/other/4_20140516025220_14.pdfEarnings matter way more than FCFI almost can't believe that I am having this conversation....The above PDF explores the correlation between earnings and cash flow...
