Today's Above Avalon stories:

Apple Scouting Self-Driving Car Testing Area
Samsung's Unpacked Event
Free Cash Flow 101

We kick things off with a closer look at the Guardian's article about discovering documents that prove Apple is building a self-driving car and scouting for Apple Car testing areas. I actually have a different interpretation of the Guardian's reporting. We will then go over the main takeaway from Samsung's recent press event in NYC and why the company is focusing so much on messaging these days. Today's email concludes with a closer look at free cash flow, including how to calculate it and why it is a more useful financial metric to follow compared to earnings.

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