FCF per‑share framework

A thread from former hedge fund analyst Brett Caughran outlines modeling normalized free cash flow per share by reconciling quarterly FCF to spot erosion in net‑income conversion and by analyzing working‑capital volatility. The posts emphasize tracking receivable, inventory and payable days plus capex trends to reveal true business trajectory and apply directly to CPG KPIs. (x.com/FundamentEdge/status/2045213270475419885, x.com/FundamentEdge/status/2045170694733091144)