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![DutchInvestors Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1757431687732985856.png) The Dutch Investors 🦁 [@DutchInvestors](/creator/twitter/DutchInvestors) on x 2851 followers
Created: 2025-07-24 19:07:08 UTC

What does bother us a bit, is the way bad news is downplayed or spun as something more positive than it really is.

Phrases like “challenging environment” or “solid local demand in the US” , what local demand? It’s actually down 1%. Or “improved trends in champagne”, it's only up 2%, hardly a recovery worth highlighting. Or “significant increase in free cash flow”, which, in reality, is mostly driven by a reduction in working capital.

Free cash flow can increase when a company ties up less cash in inventory, receivables, or other short-term assets. That’s not necessarily a sign of stronger earnings or operational efficiency...


XXX engagements

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**Related Topics**
[cash flow](/topic/cash-flow)

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