«To avoid potential value traps, we also filter our companies where the 10 year trend in cash
flow as a percentage of sales or per fully diluted share is negative» Bernard Horn
Not exact matches
Outlook For the full year 2012, the company is increasing its adjusted free cash
flow guidance to reflect the favorable terms
of the notes receivable securitization, the impact
of lower financing propensity which results in a higher
percentage of cash
sales as compared to financed
sales of vacation ownership products,
as well
as reduced real estate inventory needs.
Cash
flow note — This gives the mezzanine lender an assignment
of all cash
flow from the property in exchange for the mezzanine loan proceeds
as well
as a
percentage of the proceeds from
sale of the property.
An MCA is advantageous for businesses with unsteady cash
flow or seasonal business cycles,
as it's not a fixed amount
of money demanded each day, but a
percentage of your
sales.