This week’s Question is from Greg in Lancaster, PA:
Q: Yahoo reports "levered free cash flow". What exactly does this mean? Thanks.
A: It’s what’s left of free cash flow after the business pays the interest on debt and any dividends to preferred shareholders.
Phil Town is an investment advisor, hedge fund manager, 3x NY Times Best-Selling Author, ex-Grand Canyon river guide, and former Lieutenant in the US Army Special Forces. He and his wife, Melissa, share a passion for horses, polo, and eventing. Phil’s goal is to help you learn how to invest and achieve financial independence.