#valueinvesting — Public Fediverse posts

This is what I learned about #Novartis from my validation series:

🔴 OCF<buybacks/CAPEX=reliance on external financing -> red light!
🟡 EBIT<FCF driven by depreciation exceeding CAPEX -> yellow light!
🟢 No worries re quality of EBITDA

👉 traffic lights and data point to ❌

Read here: https://thebarnblog.substack.com/p/only-cash-proves-that-a-business

#TheBarnBlog #Investing #ValueInvesting #FinancialAnalysis #Markets

This is what I learned about #Novartis from my validation series:

🔴 OCF<buybacks/CAPEX=reliance on external financing -> red light!
🟡 EBIT<FCF driven by depreciation exceeding CAPEX -> yellow light!
🟢 No worries re quality of EBITDA

👉 traffic lights and data point to ❌

Read here: https://thebarnblog.substack.com/p/only-cash-proves-that-a-business

#TheBarnBlog #Investing #ValueInvesting #FinancialAnalysis #Markets