'I do not understand the fascination with cash receipts'
I'll pass on a little bit of very valuable advice i got a few years ago from a wise old happily retired fund manager.....you can use this whether you're investing in tech, pet food or car tyres...
'forget all the pages and pages of fluff and garble ...go straight to the back of the quarterly/half yearly/annual report and look at the cashflow statement..accountants can do all sorts of tricky things with 'a-cruel acccounting'...cash flow is the best representation of how things are going...and it will also spare you the hours of reading useless information'
as somebody else here already stated they say 'cash is king' for good reason....have all the profits you want..without cash to back it up where does that leave you...definitely not on the king's throne, probably on some sort of other less dignified throne?
GSW Price at posting:
$2.92 Sentiment: Sell Disclosure: Not Held
