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...This article has been amended as Stripe had initially indicated it had turned cash flow positive for the first time....
...“I would always be cautious about any company that does not have its dividend covered,” said Nate Koppikar, a partner at hedge fund Orso Partners, which has bet against Blackstone shares....
...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...Flows to actively managed ETFs were boosted by the launch in January of 10 spot bitcoin ETFs, which are classed by Morningstar as active vehicles....
...Forty-nine per cent of the ETFs that reduced fees in 2022 experienced increased net flows in 2023, Ignites Europe analysis of Morningstar data finds....
...The profit metric I prefer to use for tech companies is what I call “true free cash flow”, which is operating cash flow minus capital expenditures and stock-based compensation (stock comp becomes a cash...
...That helped power total flows into ETFs in the quarter to $67bn....
...They send their market orders to us not because they’re getting some pernicious conflicted like rebate or payment for order flow, it’s bull(expletive)....
...As I think about it more, I wonder whether this is the wrong question....
...“I think EM flows [from outside China] may have been obscured recently with the outflows from China masking the inflows into India and other countries,” he said, adding: “China seems to be less negative...
...“I think the prospect of a soft landing actually coming true really resonated with investors for the first time last month,” said Morningstar analyst Ryan Jackson....
...“But the one thing I’ve always had is deal flow.”...
...Given it had only just begun to report positive free cash flow, this was a bold claim. But annual free cash flow of $3.4bn in 2023, up from $390mn the previous year, suggests he may be right....
...Bitcoin has fallen 16 per cent from its all-time high last week, as the investor flows into new stock market funds that had driven a huge rally this year go into reverse....
...It has compounded free cash flow at more than 50 per cent a year. The only possible response to this is awe....
...Information about return on capital and free cash flow growth are both required, just for starters....
...It is an honest sport that ultimately comes down to your flow; the way you cut your body through water, trying to disrupt its surface as little as possible, almost as if you’re not even there....
...Hitting the Houthis I don’t claim you exactly needed to be a strategic genius to spot this, but I said just before Christmas it was pretty obvious that there would be serious pushback to militants clogging...
...His mother worked in the local government, figuring out how traffic flows were affected by road construction....
...last night, and said they, too, expected positive free cash flow next year (not true free cash flow, of course)....
...I hope the producers of James Bond are paying attention, as the news creeps towards a fresh disclosure in the spy franchise....
...But the challenge for capital markets arises when transaction churning and valuations become untethered from underlying fundamental profits and cash flow — a phenomenon that occurs with alarming regularity...
...$1.3bn net debt — nine times its earnings before interest, tax, depreciation and amortisation — also worries some market participants who believe the company may face unmet financial obligations or cash flow...
...“I’ve been around this industry for a long time, and I’ve seen these trends come and go,” he told CNBC....
...The ultimate source of refugee flows isn’t this or that western misjudgment but tectonic stuff: the geographic proximity of rich places to poor ones, and the fact that Africa is bucking the worldwide decline...
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