Bernstein Likes The Value Factor Free Cash Flow… A LotMark Melin
There is one value factor that currently looks inexpensive but actually has performed well over time even when it is expensive. That factor, free cash flow, often used for corporate expansion or to pay investors dividends, should be a core or default component of a value investing portfolio, research a May 24 report from Bernstein’s Global Quantitative Strategy team opines.
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