Max Fakhre

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Essentially, cash return tells you how much free cash flow a company generates as a percentage of how much it would cost an investor to buy the whole shebang, including the debt burden. An investor buying the whole company would not only need to buy all the shares at market value, but also would be taking on the burden of any debt (net of cash) the company has.
The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market
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