Something to ponder. This morning usa today led its money section with a stunning story about how onethird of the cash is that the Balance Sheets of american businesses is held by just five companies. Five companies. Thats incredible. What i think is even more amazing is that the stocks of those five companies are doing quite poorly. Down almost 3 on average. Not only that but the quoims the ten largest arent beating on average either. Why is this . First generally speaking, for the most part, the cash heavy company are beating the slower value place. Second, it cant be repatriated without paying big federal taxes. There is good news believing they would final it. Third. There are companies specific issues with each of these stocks so we have to address them one by one. Let me name the five kings of cash explaining the sub optimal performance. First is apple. Down 8 year to date. Despite having more than 233 billion in cash. Apple used to be a great growth stock but the market has deci
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SunPower grabs $300M in project financing commitments from Apollo, others (NASDAQ:SPWR)
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