Tuesday, September 10, 2019

Quote of the Day

Bloomberg's Benjamin Dow, in his blog post this morning, speaks to our message in today's video commentary:
"(Free cash flow yield) in the U.S., the big board is at 4.2% versus a whopping 9.9% in 2008 -- that materially lower cash flow partly explains the phenomenon of SPX companies borrowing to buy back shares instead of investing in operations that will lead to dividend growth."

No comments:

Post a Comment