Everyone’s definition of cash-cow stocks is different.I consider cash-cow stocks to be companies whose free cash flow (FCF) is considerably higher than the capital expenditures required to keep the business running efficiently. FCF generators with high FCF yields, defined as free cash flow divided by enterprise value, are even better. I look for those with FCF yields above 8%, although they’re not that common given today’s inflated share prices. Two ETFs that select the stocks held in their funds using free ...