{"product_id":"free-cash-flow-and-shareholder-yield","title":"Free Cash Flow and Shareholder Yield","description":"\u003cp\u003eThe current investment landscape is among the most dynamic and complex in the history of the capital markets. Today’s investor must contend with dramatic alterations to the traditional methods of stock selection and portfolio construction as the order of the drivers of total equity returns are realigned and the irreversible effects of globalization take hold. Added to these powerful forces is the presence of a flat-to-rising interest rate scenario that could ultimately disrupt the equilibrium of the international marketplace. \u003c\/p\u003e\u003cp\u003eHow can you, the informed investor, incorporate these new realities into an investment strategy that both protects and grows capital? \u003c\/p\u003e\u003cp\u003e\u003ci\u003eFree Cash Flow and Shareholder Yield\u003c\/i\u003e provides the key to making profitable investment decisions in a world that is characterized by unprecedented change. Researched and written by veteran investment industry professionals William Priest and Lindsay McClelland, this book shows how traditional investment metrics, such as the P\/E ratio, are being eclipsed by a free cash flow-based approach to investing. To provide a functional framework for the application of the free cash flow philosophy, Priest and McClelland introduce the concept of Shareholder Yield: an innovative method of gauging investment opportunities by the magnitude of free cash flow that is generated by a company and the manner in which this free cash flow is deployed. \u003ci\u003eFree Cash Flow and Shareholder Yield\u003c\/i\u003e reveals how the robust, commonsense discipline of Shareholder Yield can reduce risk and enhance returns, even in the face of today’s shifting investment paradigms. \u003c\/p\u003e\u003cp\u003eThis book not only equips the reader with the Shareholder Yield toolkit, but also shows how this strategy fits into a larger understanding of the global macroeconomy. By exploring the topic of globalization in an investmentspecific context, the authors show how the free cash flow philosophy can be directly applied to the increasingly borderless international marketplace. Similarly, this book examines how the future likelihood of flat-to-rising interest rates may result in the bursting of several economic bubbles, each of which may meaningfully affect the manner in which successful investments are made. \u003c\/p\u003e\u003cp\u003eThe key to surviving these coming challenges and the secret to profiting from the forces of globalization reside in Priest and McClelland’s free cash flow strategy as exemplified by Shareholder Yield. By presenting a comprehensive, unflinching perspective on today’s changing investment landscape, \u003ci\u003eFree Cash Flow and Shareholder Yield\u003c\/i\u003e provides a must-read primer on the new priorities for the global investor.\u003c\/p\u003e","brand":"Lindsay H. McClelland","offers":[{"title":"Default Title","offer_id":42850268807229,"sku":"9780470128336","price":53.96,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0597\/7689\/2989\/files\/9780470128336_bfd1281f-b2a3-4e53-85a8-bc262f646f7c.jpg?v=1767071524","url":"https:\/\/www.palmleaf.com.au\/products\/free-cash-flow-and-shareholder-yield","provider":"Palmleaf","version":"1.0","type":"link"}