Survey shows companies stockpiling cash
Daily Record, The (Baltimore), Aug 10, 2007
The Association for Financial Professionals, based in Bethesda, said its 2008 Liquidity Survey found that U.S. businesses are maintaining high levels of cash, and a significant percentage -- 36 percent -- are building their cash positions. Twenty-seven percent expect their organizations to increase their short-term balances over the next year.
Stockpiling cash is a sign that businesses are unwilling to invest in acquisitions, capital improvements and expansion due to uncertainty about economic and business conditions.
Copyright 2007 Dolan Media Newswires
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