Cowan Asset Management: “Why Cash is King When Selecting Investments”
There are a seemingly endless number of financial metrics made available to analyze within companies’ earnings statements; but there is a subset of these metrics on which we place greater emphasis—those involving cash. In our minds, cash is king when analyzing companies. In its August commentary “Why Cash is King When Selecting Investments”, Cowan Asset Management* explains why we focus more on cash and less on the metrics that are subject to accountants’ judgement.
*Cowan Asset Management was established in 2012 and is a wholly-owned subsidiary of Princeton Holdings Limited. The team manages the investment capital of the Princeton Holdings group of companies, the largest of which has been a Canadian insurance provider for over 140 years.