1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
CanadianValue
CanadianValue
Articles (4612) 

Wilbur Ross - I'm Holding Twice as Much Cash as Normal in Case the Fiscal Cliff Creates Opportunity

December 06, 2012 | About:
Wilbur Ross sat down with Bloomberg and shared the following observations and others:

- There will be a fiscal cliff of some sort (there will be tax revenue increases and spending cuts), the question is just how big.

- Capital expenditures take some time to plan, so companies will have already squashed a lot of spending for the first quarter.

- Ross has kept his companies as liquid as possible and has been getting as much financing done prior to year-end.

- He has twice the cash he normally has as he wants dry powder in case the markets get smacked as a result of the fiscal cliff.



About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 4.0/5 (6 votes)

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


larrytn1 5302016
joshmeltzertopMFPicks
joshmeltzertopHFPicks
COLEROBILLARDPRICE/NCAV
pawankumarMyScreen
pawankumarMyScreenPB
pawankumarMyScreen3
dpostelDIVIDENDS
dementorCheap FCF generators
rael2222AAAA

Select portfolio(s):

  • Loading...

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK