It takes money to make money. Most investors know that, but with business media so focused on the “how much,” very few investors bother to ask, “How fast?” When judging a company’s prospects, how quickly it turns cash outflows into cash inflows can be just as important as how much profit it’s booking in the accounting fantasy world we call “earnings.” This is one of the first metrics I check when I’m hunting for the market’s best stocks. Today, we’ll see how it applies to Super Micro Computer (Nasdaq: SMCI) Continue reading →