Call Transcripts on Seeking Alpha

On page 85 in the Projecting Free Cash Flow section of Chapter 6, the paragraph dealing with Row 37 refers to www.SeekingAlpha.com as a source of Capex guidance. Here is the link for the Transcripts Center:

http://seekingalpha.com/tag/transcripts?source=headtabs

After you enter a company’s stock symbol in the box and then choose the transcript you want from a list of transcripts, you will arrive at the transcript.
Look for “Single Page View” right below the words “Call Transcript” in the title at the top of the page. You are now in Single Page View mode – once you have finished reading page 1 you have to click on “Next Page” to go to page 2. By clicking on Single Page View you will change to Multiple Page View where you can move through all the transcript’s pages without clicking.
If you are looking only for management guidance on Capex and/or share repurchases, it is much easier to be in Multiple Page View. Companies that provide guidance often do so in the CFO’s commentary which usually follows the CEO’s opening statement. If the company provides guidance but it is not in the CEO’s or CFO’s opening statements, look in the Q&A. Often analysts will ask for guidance on these and other items. If there is no guidance on Capex or share repurchases, make sure it’s not in the quarterly earnings press release or in a press release/call focused on guidance. If there is no Capex data in any of the guidance provided by the company, what does that tell you?