DM Monthly Report – April 2023

AND THE CASH ROLLS ON…  As we’ve highlighted in the past, the most important fundamental input to our equity evaluation model is cash flow, and in particular, its steady production, its growth, and how it’s redeployed by management. When presented with investment options, companies may use their generated capital to boost organic growth or to fund acquisition activity. However, recognizing when investment opportunities may not produce returns above the cost of capital is equally important.

FEATURE STOCK: JP MORGAN (JPM) – The biggest US bank by assets reported significant earnings beat for Q1, exceeding analyst expectations by more than 25% on an adjusted per share basis.

Click here to read more:  DM Monthly Report – April 2023