A representative investor whose actions reflect the beliefs of those people who are currently trading a stock; it is the marginal investor who determines a stock's price
The rate of return on a common stock actually received by stockholders in some past period; this may be greater than or less than expected rate of return and/or required rate of return
A valuation model used as an alternative to the discounted dividend model to determine a firm's value, especially one with no history of dividends, or the value of a division of a larger firm; it first calculates the firm's free cash flows, then finds their present values to determine the firm's value
The company does not have sufficient internal funds to finance its investments in fixed assets and working capital, and that it will have to raise new money in the capital markets in order to pay for these investments
Many analysts regard FCF as being the single and most important number that can be developed from accounting statements, even more important than net income