In our recent book, Free Cash Flow and Shareholder Yield: New Priorities for the Global Investor (John Wiley & Sons, 2007), we offered a comprehensive introduction to the opportunities and challenges inherent in today’s equity markets. By looking beyond the many obfuscations of traditional generally accepted accounting principles (GAAP) accounting, we endeavored to provide the informed investor with the tools necessary to navigate a changing investment landscape. In George Christy’s new book, Free Cash Flow: Seeing Through the Accounting Fog Machine to Find Great Stocks, the author brings these concepts to a new and eminently actionable level. In addition to providing practical definitions of difficult financial concepts, he teaches the.
