Posts Tagged ‘MMM’

Free Cash Flow Growth Led by Strong Cost Cutting and a Tad of Financial Engineering

November 8th, 2010

If equity markets represent the flawless leading economic indicator generally believed, investors should be very comfortable nowadays. After all, the S&P 500 is up almost 12% so far this year. Yet, economists remain generally concerned.

Is it not then unreasonable to ask:   Are the glorious headlines trumpeting rising free cash flows portending a sustainable and durable continuation of the economic expansion or perhaps the result of severe cost cutting with a dose of imaginative accounting?

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Pension Facts: Why The Hit to Earnings and Cash Flow Is Upon Us

July 29th, 2010

Despite this past week’s 3.4% earnings-related stock rally, as of this writing, the S&P 500 Index is just near break-even for the year.

I bring up this unfortunate news as we are about to close out another month for the calendar year 2010, now 58% done.  By August end, the year will be two-thirds over, and so will vacation time.

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