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Another is that the cash flow estimates could be wrong.
Most concerned tax adjustments in both free cash flow estimates and discount rate assumptions.
Mr. Carp raised cash flow estimates and said promotions for digital cameras and services would keep sales from falling.
The Defendants have also not contested the Plaintiff's expert's contention that these worksheets include Goldman's discounted cash flow estimates as of October 21, 2004.
The latest mutual fund cash flow estimates from AMG Data Services, however, indicate that for the week ended Wednesday investors were putting money into mutual funds that buy technology stocks.
Although the discount rate is usually not as big a factor as cash flow estimates in determining value, it can be a very significant contributor to the inherent uncertainty in all valuation decisions.
Similar(48)
The bears say that the cash flow estimate is optimistic.
The fund bought the stock last October at $17.25; it now trades at $27.375, or 5 times his cash flow estimate of $5.50 a share for 2002.
The Boeing Company said yesterday that its drive to increase profits was paying off and had increased its 2000 free cash flow estimate to more than $4 billion from a previous range of $3 billion to $4 billion.
Among the hurt is Enbridge Energy Partners, which cut its revenue estimate this year by $100 million and its discounted cash flow estimate by $60 million.
Now, if those cash flows estimates are wrong, that's a problem — and we'll get to that later on — but any inherent advantages the government has over private lenders should already be reflected, and won't bear on which accounting method is better.
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