Someone said this in his blog:
Are my initial reasons for holding on to these stocks like: Huge cash reserves?
There is a saying: An Idiot and his money will soon part. Similarly, I will say: A Dumb CEO and the Company's huge cash reserves will soon part.
We may need to understand the perspective of CASH in a corporate environment. Cash is a just an instrument for the company for the purpose to:
• fund day-to-day expenses or in another word to manage a healthy cash flow.
• serve as cushion during bad times
• deploy excess cash as capital efficiently and effectively to fund future growth and to generate more cash.
Can investing be made so simple by just looking at a company's huge cash reserve? I wish too.
http://createwealth8888.blogspot.com/2009/10/is-your-company-hoarding-too-much-cash.html
Do you still see huge cash hoarding as a buy signal?
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