Investing Based on Cash Flow

In one of my first posts on this blog at the beginning of the year, I devoted an entire blog post to "My Dogs of the Dow". In that post, I detailed some of the metrics I use to identify undervalued stocks. Among the criteria is the price to cash flow ratio. While reading my new issue of Forbes over the weekend, I came across this article. The Forbes article details cash flow much more eloquently than I can, and in much more depth than I previously did. This is well worth the read, and I encourage everybody to take a look at this article and study it.