What was that again?

If you followed rigorous accounting norms, you could have even seen negative growth in quite a few companies’ earnings.On reported numbers, corporate earnings could grow 10-12% at best this year. But I would advise investors not to be misled by reported earnings. Net profit can be anything, EPS can be anything, but free cash flows don’t lie. Check the free cash flow, and you will know the financial health of the company. Cash is king, P&L is just an opinion,” says Anil Singhvi, Chairman of Ican Investment Advisors

Linkfest:May 31, 2012

Some stuff I am reading today morning:

Brace for the worst (BusinessLine)

Indians could save India at a price (WSJ)

How is India’s slowdown affecting you? (NYTimes)

FIIs raise bearish bets on Bank Nifty (ET)

Was 2011-12 India’s worst year? (Mint)

DLF Q4 falls 39%, gets Rs 457 Crore tax notice (BS)

Hollowing out of India’s financial system (AjayShah)

Stocks held by Rakesh Jhunjhunwala in Indian companies (IndiaER)