grandriver Investment Thesis As ProFrac Holding (NASDAQ:ACDC) hits relative all-time lows, I was surprised to see that cash flows remain resilient and are actually growing according to the latest quarterly earnings. At the end of the day, cash flows ultimately determine a company's intrinsic valuation in my opinion. Despite challenging market conditions, the company records free cash flow sequential growth of 187% in the second quarter of 2024. Thus, I expect capex to continue to decrease in response to ...