BASIS POINTS: Companies' Rising Cash Flows May Not Be Sustainable

Free cash flow has risen from December 2008 through June 2009, according to an analysis by Charles Mulford, professor of accounting and director of the Georgia Tech Financial Analysis Lab. While this is a sign of economic recovery, the news isn't as good as it initially seems, says Mulford.

Companies' cash flows are up, but.... | Source: The Big Fat Finance Blog.