Filed under: Investing
Since the recession, persistent uncertainty has caused many U.S. companies to stockpile their cash as a way to prepare against future dips in demand. Apple currently has an astonishing $81.6 billion in cash, although CEO Tim Cook said the cash isn't "burning a hole in our pocket." Google also reported $42.6 billion in cash at the end of the third quarter. What does this mean for investors?
Cash is king
High levels of cash mean that a company is in a safer position to endure future...
Smart Money Stock Picks in Strong Cash Positions originally appeared on DailyFinance.com on 2011-11-10T14:30:00Z.
Read | Permalink | Email this | Comments
Sent with Reeder
No comments:
Post a Comment