Olstein Media Center

The Wall Street Transcript

Analyzing a Company's Ability to Generate Free Cash Flow

Eric Heyman and Tim Kang discuss how Olstein analyzes the ability of small- to mid-sized companies to generate free cash flow in the face of strategic challenges. Olstein's in-depth analysis seeks to identify both positive and negative factors that may mask or obscure a company's true cash flow potential.   READ MORE +

Investing in the Undervalued Stocks of SMID Companies

Eric Heyman and Tim Kang discuss how Olstein identifies and analyzes small- to mid-sized companies that have been unfairly punished by short-term factors. The market's reaction to SMID companies that stumble creates unique investment opportunities for long-term value investors.

Seeking Solid Businesses Facing Strategic Challenges

Eric Heyman discusses how Olstein's 'looking-behind-the-numbers' approach and emphasis on quality of earnings, helps identify favorable investment opportunities in companies facing strategic challenges.

Approaching Investments from an Owner's Perspective

Eric Heyman discuss the importance of approaching an investment opportunity from the perspective of an owner focused on the ability of a business to generate free cash flow.

Analyzing Financial Statements to Understand the Health of a Business

Eric Heyman and Tim Kang discuss the importance of analyzing financial statements and public disclosures to understand a business and its challenges.

Investing in All Cap Value and Strategic Opportunities

Co-Portfolio Manager, Eric Heyman discusses the investment approach and strategy of the Olstein All Cap Value and Olstein Strategic Opportunities Funds in this comprehensive interview.

Value Investing & Shareholder Activism

: Eric Heyman and Tim Ermi discuss Olstein's approach to activist investing.


LEGAL DISCLOSURES AND OTHER IMPORTANT INFORMATION

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+