Group 1 - There are two types of businesses: one that earns 12% with cash available at the end of the year, and another that also earns 12% but requires all excess cash to be reinvested, resulting in no cash availability [1] - The article emphasizes the importance of understanding cash flow dynamics in evaluating business performance and investment potential [1] Group 2 - The content is intended for informational purposes and does not constitute a solicitation for buying or selling securities [2] - It is advised that investors conduct their own research or consult a financial advisor before making investment decisions [2] - Past performance is not indicative of future results, and no specific investment recommendations are provided [3]
BAM: Price Down, Fundamentals Up