Conversation with a Money Master: Free Cash Flow and Quality of Earnings

Robert Olstein and Fred H. Speece, Jr., CFA, discuss: valuation and inferential financial statement analysis, free cash flow and the Quality of Earnings.

Ferreting out Accounting Problems Helps Olstein

Syndicated columnist Andrew Leckey discusses the Olstein All Cap Value Fund in response to a reader question.

Dog Days

A profile of the All Cap Value Fund and summary of corporate turnaround situations in which Olstein has invested.

My Stock's in Turnaround

Written by Olstein Funds' founder and chairman, Robert A. Olstein, this article discusses the challenges of investing in corporate turnarounds, identifies favorable factors that an investor should seek in such situations and alerts that a company may not be able reverse its decline.   READ MORE +

Winning Over and Over and Over

Under the heading "Double-Digit Demons," Kiplinger's list of funds that delivered double-digit returns in at least 80% of calendar years (through December 31, 2006) includes Olstein All Cap Value Fund.

Finally, Some Stocks Look like Bargains

In this feature interview, Robert Olstein discusses investment opportunities in beaten-down stocks with sterling prospects for free cash flow generation.

The RadioShack Lesson

Jon Birger provides an update on an investment Robert Olstein recommended for Fortune's 2007 Investor's Guide (published six months earlier) and conveys the lesson he learned from this unorthodox recommendation.

Funds See Room for Change at Companies

AP Business Writer Tim Paradis explores the "less visible" activism pursued by mutual funds that press quietly and diplomatically for change. Co-portfolio manager, Eric Heyman discusses the activist approach of the Olstein Strategic Opportunities Fund.

Which Way Forward for Underperforming Companies

Written by Eric Heyman, co-portfolio manager of the Olstein Strategic Opportunities Fund, this article discusses Olstein's approach to analyzing and investing in corporate turnarounds.   READ MORE +

A New Day at RadioShack

Robert Olstein comments on the turnaround in company operations and performance at RadioShack under the leadership of its new CEO and Chairman.

Gadflies Get Respect

A discussion of leading activist investors includes the Olstein Strategic Opportunities Fund.


Investing involves risk including possible loss of principal. Investors should carefully consider the investment objectives, risks, charges and expenses of the Olstein Funds.  This and other important information is contained in the prospectus, which should be read carefully before investing.  For a copy, click the prospectus link below.  

Fund holdings are subject to change at any time.  

Please click here for fund holdings for Olstein All Cap Value Fund.
Please click here for fund holdings for Olstein Strategic Opportunities Fund.

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow. Free cash flow represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Unlike earnings or net income, free cash flow is a measure of profitability that excludes the non-cash expenses of the income statement and includes spending on equipment and assets as well as changes in working capital from the balance sheet.

Past performance is no guarantee of future results. This information is not an offer to sell or a solicitation to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer, solicitation, purchase, or sale may not lawfully be made. Important legal information – please read the disclaimer before proceeding. Be sure to read the Olstein Funds Privacy Policy before becoming a shareholder. Click here to read the disclaimer+