Robert Olstein: we're fully invested
Robert Olstein said he is fully invested for the first time in a long time. Formerly an accountant, Robert Olstein is famously for looking behind the numbers. He said that the most critical thing in researching companies is comparing free cash flow to the reported earnings. Eventually, these numbers all need to match up and resolve, or they've got some accounting issues. Currently he is wrong on one out of every three stocks he buys. He likes Tribune, Pier 1, Gap, and he just bought Cisco…
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