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Related Special Reports
...This article has been amended as Stripe had initially indicated it had turned cash flow positive for the first time....
...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....
...And its latest turnaround effort comes with a $50mn cash impact that will delay hitting positive organic free cash flow by a year, to 2025....
...Adrian Lewis, Inchcape’s chief financial officer, said there were several offers for its retail sites and following the deal, Inchcape would largely be a “pure-play” car distribution company....
...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....
...When including plug-in hybrids, alongside pure battery and hydrogen-powered cars, BYD recorded a quarterly sales volume of 626,263 units, up 13 per cent from a year earlier, its slowest pace of growth since...
...If Tesla weren’t the only pure-play publicly traded meme stock for a man with a $44bn loudhailer, they probably would be....
...It is the use of lower discount rates appropriate to pure debt instruments that creates the appearance of excess returns for private credit....
...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...
...Nvidia is a pure artificial intelligence play; Apple is a high-end consumer stock with defensive characteristics; Amazon is retailer-cloud computing hybrid; and so on....
...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....
...“Despite a strong stock market, investors have focused on higher quality ETFs that own companies with strong balance sheets and consistent earnings and cash flow,” he said, pointing to robust flows into...
...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....
...US-listed ETFs have brought in about $491bn of the $826bn in global flows in the 11 months to the end of November, according to data from BlackRock....
...China counts pure battery EVs and plug-in hybrids as “new energy vehicles”....
...Fans grumbled but more than 20mn watched the game, a large number albeit smaller than a pure linear broadcast. Amazon Prime has also invested in Major League Baseball rights....
...Analysts at Morgan Stanley said the company was expected to weather the downturn with solid cash flow and greater economies of scale....
...To illustrate: Uber trades at 114 times 2023 true cash flow per share (that is, operating cash flow less capital expenditures and stock compensation expense)....
...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)....
...last night, and said they, too, expected positive free cash flow next year (not true free cash flow, of course)....
...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...
...And the justice department’s antitrust lawsuit against Google’s search business threatens the payments Google makes to Apple to be the default search engine on the iPhone — a large, pure-margin chunk of...
...That helped power total flows into ETFs in the quarter to $67bn....
...Etienne describes the painting as “a pure moment of the 18th century, and of poetry”....
...Moreover, Lyft for now can only aspire to turn half of accounting-based ebitda into actual free flow....
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