GuruFocus Premium Membership

Professional Value Investing Tools at Affordable Prices

Try It 100% for 7 Days!

Articles (4522) 

Goldman Sachs Chief Strategist Cohen - This Is the Year the Big Cap Companies Start Deploying Their Cash Hoards

February 21, 2013 | About:
- Cohen thinks 2013 is the year that the large cash hoards that have been built up for years start to get used in the form of dividends, acquisitions and expansion.

- Earnings and book values have been increasing along with share prices so the stock market valuation has not gotten any less attractive.

- The fact that many companies still trade below book value means that an acquisition is a less expensive way to expand (buying below book) than building something new.

- All Western countries have declining birth rates; without immigration it is difficult if not impossible to grow economies.

About the author:


Rating: 4.0/5 (1 vote)


Please leave your comment:

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)