Hey guys – I’m new to Investing and have learned a lot from the Valuepickr community. Had a quick query on how to view Operating Profits not getting converted to cash – as this is a Capex Heavy business, and requires constant investments/capital to grow, how should one view this in isolation, and how does the market view this ?
I guess in a bull market, the market would not care as much if other parameters like EPS growth/RoE/Growth is high, but how would this change in a bear market ? Would love to get your thoughts on this ! Thank you 
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