Stable Cashflow -> More predictability -> Less risk;
Cash can't be cooked by a company.
Value of analysis diminishes as the element of chance increases.
Four fundamental aspects to look at for security analysis are: security, price, time and person. The note on security means that the character (terms,enterprise) of the security can make it worth investing despite lack of its charm (status).
— Dec 30, 2013 10:47AM
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