Investing’s Jekyll and Hyde

It has often been said that one man’s trash is another man’s treasure. The same can be said for the idea of speculation versus investment or, in other words, buying for price versus buying for value. You see, the speculator is buying on the hope of seeing an increase in the price of the stock. The speculator’s target price is usually calculated. An investor buys a stock based on value. 

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Where Did The Cash Flow Go?

I’ve been talking quite a bit about how companies can actively increase shareholder value lately.  One of the ways to increase value to the shareholder is to decrease the company debt.   However, that brings us to another issue that has become more and more common in the past few months. With all of the merger and acquisition activity happening in the markets lately, valuing the merged entities becomes slightly tricky

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