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URL:  http://boards.fool.com/i-dodge-the-capex-issue-as-a-direct-29089702.aspx

Subject:  Re: Discounted Cash Flow Model - Negative FCF Date:  2/8/2011  4:30 PM
Author:  TMFValuemoosie Number:  1637 of 1671

I dodge the CapEx issue as a direct adjustable/forecastable input because I'm lazier than Joe is. If it looks good/normal I grind it through an easy FCFF cruncher and live with the output. To put it another way I don't start with the revenue line. But I'm a mark with chalk cut with an axe guy. A better handle of a the money machine can be built, if you understand the moving parts, by doing it the long way.

Lazier, or perhaps wiser. I mark with a (searching for something really tiny and accurate here.... um, a laser