Free Cash Flow and ROE
I have a few questions about free cash flow as well as how it is related to ROE.
First off, is levered free cash flow the same thing as free cash flow?
If OCF is positive and FCF is negative, and let's assume the FCF is negative because of large investments to improve the company's position, does that investment count as part of the money spent to determine ROE?
Thanks for any help you may provide, Fools!