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Generally speaking the adage is “profit is an opinion, cash flow is a fact”
by asimpletune 5y ago
Generally speaking the adage is “profit is an opinion, cash flow is a fact”
- lotsofpulp 5y agoThat adage is more useful when looking at individual companies, or maybe new businesses. For long established, highly regulated operations, I would expect consistent profit margin figures across pretty much all companies in the business to represent a pretty accurate view of the situation, and to show if they are earning extra profit due to COVID.