Not exact matches
But they earn such strong
returns on capital that they
tend to always have
cash pouring out of their business, even when growing rapidly or during recessions.
Hedge fund activists
tend to target companies that are typically «value» firms, with low market value relative to book value, although they are profitable with sound operating
cash flows and
return on assets.
This is because companies that pass this discriminating filter
tend to have well above - average competitive advantages,
returns on capital, free
cash generation, growth potential, management, and balance sheet strength.
The Internal Revenue Service
tends to view credit card rewards, whether
cash back or frequent flyer miles or some other form of points, as a discount rather than income so you generally won't need to report your
cash - back rewards
on your tax
return.
Although both types of companies sell participating as well as non participating policies the policy owner who has signed up with a well managed mutual company
tends to get a higher
cash return on his or her money during his or her lifetime.