What’s the most important investment metric an investor can focus on in the midst of a downturn? My vote is cash flow. It’s actually a great thing to track during any economic cycle – it just becomes especially important when a firm’s sales and profits head south when the business climate turns turbulent.Don’t just take my word for it. A quote attributed to market guru Michael Mauboussin is that “great fundamental investors focus on understanding the magnitude and sustainability of free cash flow.”Income-minded investors, such as retirees looking to supplement their social security checks with, could have some real opportunities …read more
Source:: Yahoo Finance
