Free Cash Flow and Shareholder Yield: New Priorities for the Global Investor

by William W. Priest, Lindsay H. McClelland

Praise for Free Cash Flow and Shareholder Yield " Free Cash Flow and Shareholder Yield provides a provocative solution to the profound paradigm shift now redefining valuation standards for markets around the globe. In commonsense terms, it defines how the investment community has begun the journey of shifting to the more dependable, robust metric of free cash flow."
―Rob Brown, Chief Investment Officer, Genworth Financial Asset Management, Inc. This graph tells a singularly compelling story of the changing order of the drivers of total equity returns. In Free Cash Flow and Shareholder Yield , you will learn how this story is the key to informed investing in an evolving global marketplace.

Genres: Finance

192 pages, Hardcover

First published January 1, 2007

Reviews

[Christopher Haugen · Rating 4 out of 5]

The first half of the book is very helpful in understanding free cash flows and the surrounding concepts. The second half which speak to a globalization etc didn't feel necessary to the central topic.

[Jonathan · Rating 3 out of 5]

William Priest present an interesting concept of firm growth through free cash flow valuation and a firms decision to deploy cash flow to investors through shareholder yield (dividends, buybacks and debt pay down). It was also interesting to see the lapse in history and compare his theory and predictions to elapsed time. However I was disappointed when his final conclusion for application was a sales pitch for his two mutual funds. I am not against mutual funds but it dropped the sophistication of the book down by turning it into an infomercial.

[Matthew · Rating 5 out of 5]

After reading this book, everything else that has ever been written feels redundant and pointless. If the publishing houses had any sense, they would have closed their doors the day after this was released.

[Lindsay · Rating 5 out of 5]

This is the only book anyone should ever read. Ever. Buy it at full price, please.