Profile picture
, 3 tweets, 2 min read
My Authors
Read all threads
"Free Cash Flows (FCF)* were $(1.6)B and $(0.3)B for the nine months ended September 30, 2019 and 2018, respectively. The increase in cash used was primarily due to higher cash used for working capital compared to 2018" ge.com/investor-relat…

reuters.com/article/us-ge-…
"GE’s struggles in recent years—including two dividend cuts largely stemming from deep problems in its power business and financial-services division—have made cash flow the most important financial measure for investors." wsj.com/amp/articles/g…
GE is up on cash flow news. Earnings are only a clue about long term future cash flows. Sometimes earnings are a helpful clue and sometimes (as GE proved) they are misleading. It depends.

"Profits Are an Opinion, Cash Is a Fact." Alfred Rappaport

cnbc.com/2019/10/30/gen…
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with Tren Griffin

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @trengriffin see all

Profile picture
Tren Griffin
@trengriffin
1/ When I eat at a restaurant like Momosan I'm immediately thinking about unit economics. What's the probability Morimoto will earn a financial return higher than his cost of capital? I do *love* food, but I'm thinking "How is he going to cover his nut?" seattletimes.com/life/food-drin…
2/ David Chang: "Razor-thin does not even begin to describe just how slender the margins are in the restaurant business, and that’s if you’re one of the fortunate few that don’t go under in the first year. If you’re lucky, small single digits." google.com/amp/s/25iq.com…
3/ A reviewer criticizing the choice of something like polished concrete floors used to lower build and operating costs is, well, clueless. The standard for ramen in Seattle is high. The competition is fierce. Write about the food and recognize Momosan is in a rough business.
Read 6 tweets
Profile picture
Tren Griffin
@trengriffin
This is a great 25iQuiz: How would you apply the principles of strategy from my tweetstorm yesterday in assessing the Competitive Advantage Period (CAP) of Netflix? How does your expectation differ from the one implied by current price?

Ps, Go Sounders!

threader.app/thread/1193194…
What 25iQ posts might you read before answering the quiz on the Netflix CAP:

Reed Hastings:
25iq.com/2018/02/03/bus…

25iq.com/2018/02/10/bus…

Subscriptions:
25iq.com/2018/08/11/how…

The "movie" business:

25iq.com/2017/12/30/mov…

Michael Porter:

25iq.com/2013/08/26/a-d…
Have you dug deep into NFLX and OTT video unit economics? Have you run different assumptions through your model to determine sensitivities?

Some people will bury the assumptions by using P/E to assess value, which is like putting ketchup on a hot dog.

25iq.com/2016/12/31/a-h…
Read 5 tweets
Profile picture
Tren Griffin
@trengriffin
This is why I like to keep a Waffle House hat in the back of my car. The hat creates optionality, but is about operational effectiveness rather than strategy. The nearest Waffle Houses location for me is in Colorado tho. Yahoo Lifestyle with the story! aol.com/article/news/2…
"Wait! What does Waffle House have to do with the 'strategy' theme this weekend on Twitter?"

Lesson 6 in this 25iQ post discusses Michael Porter's 3 generic strategies for achieving above average performance: cost leadership, differentiation and focus. 25iq.com/2017/10/28/a-d…
"'I sat down at my table and I was like, ‘I’m not getting my waffle,’ said Crispo, who observed there was just one employee in the restaurant to cook the food, serve it and wash the dishes." news.google.com/articles/CAIiE…

Waffle-man (AKA Alton Brown Season 9, Episode 9 )to the rescue?
Read 3 tweets

Related threads

Profile picture
Bookwormroom
@Bookwormroom
1. A rant giving one more reason to stop taxpayer funding of higher ed in America.

In 1939, Europe was divided into two parts: insane, genocidal, sadistic conquering Germans and the countries that fell before them like weak and/or complicit dominoes.
2. Six years later, these countries were mostly dust and rubble -- especially Germany.
3. America's response to the decimation was to provide the capital to rebuild Europe's infrastructure and manufacturing sector, without demanding repayment.
Read 19 tweets
Profile picture
Karol Cummins
@karolcummins
💣B O O M💣

FBI releases records of Justice Dept. official Bruce Ohr interviews about Russia probe - The Washington Post washingtonpost.com/national-secur…
Heavily redacted FBI memos released show that while the FBI formally cut ties with a former British intelligence officer Christopher Steele, agents quietly sought to reestablish contact as the case heated up.
washingtonpost.com/national-secur…
The released documents are formal FBI interview memos of agents’ conversations with Bruce Ohr, a senior Justice Department official who has drawn the ire of President Trump for his connections to Christopher Steele
washingtonpost.com/national-secur…
Read 76 tweets
Profile picture
Sam Stein
@samstein
Indulge me in a thread about a man named Rufus Rochell who you almost certainly do not know and have never heard of before. (1/???)
thedailybeast.com/rufus-rochell-…
That's because 31 years ago, Rufus was convicted of selling crack. He was 36 at the time and given a 40 year sentence with no chance of parole. He is currently in the federal prison facility in Coleman, Florida. (2)

thedailybeast.com/rufus-rochell-…
I met Rufus over email. I was looking to profile a prisoner who didn't get a commutation under Obama and was now petitioning Trump, who was, at least then, presenting himself as a throwback on crime. (3)
thedailybeast.com/rufus-rochell-…
Read 22 tweets
Profile picture
Swiss Ramble
@SwissRamble
Arsenal’s 2017/18 financial results covered a season when they finished 6th in the Premier League, while reaching the Europa League semi-finals. Manager Arsène Wenger was replaced by Unai Emery, while Stan Kroenke took full ownership. Some thoughts in the following thread #AFC
#AFC profit before tax increased from £45m to £70m, despite revenue falling £35m (8%) to £388m, mainly due to participating in Europa League rather than more lucrative Champions League, as profit on player sales surged £113m to £120m. Profit after tax improved from £35m to £57m.
All #AFC revenue streams decreased: broadcasting was £19m (9%) lower at £180m, mainly due to lower Europa League distributions; commercial dropped £10m (9%) to £107m; match day declined £1m (1%) to £99m; while player loans fell £5m to £2m.
Read 47 tweets
Profile picture
Mr. Azam
@mrazamtweet
#b Excellence is overrated, competence is underrated.
Competence is knowing what to do in a situation and how to do it. It is not the same as excellence.
Excellence is dependent on other people, like judges, examiners, teachers, assessors, inspectors, auditors. But we can't control these people and whether they think we're excellent or not.
Read 12 tweets
Profile picture
Mr. Azam
@mrazamtweet
#b 'Teknik menjawab' is not a series of rituals that you carry out to secure an A in the exam. You don't get guaranteed an A just through superficial actions like highlighting keywords or drawing meniscus or inserting isi tersirat.
The problem is students and teachers treat teknik menjawab as some sort of pseudo magical ritualistic gestures that will bring a certain outcome. Draw a pentagram, slaughter a chicken, and your wish will be granted.
Some remote Pacific Islanders in 1940s came in contact with Allied and Japanese soldiers who were more technologically advanced and thought the soldiers were gods who had many "cargo" (canned food, electronics, modern stuff)
Read 11 tweets

Trending hashtags

#Phone #LFC #OSINT #Qatar #governmentshutdown #Housing #CPFC #Qanon8kun #EUROZONE #Boro #béwé #CFC #Thailand #AMPFEST19 #Beijing #SouthKorea #ElectionDay #Millwall #China #Mueller #qasrbinghashir #lovemyjob #HTAFC #gambling #Italy
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!