Like a number of very successful companies, Knoxville-based Scripps Networks Interactive Inc. is sitting on a big pile of cash. We’re talking several hundred million dollars.
Having a lot of cash can be comforting in an uncertain economy, but is it really a good idea? It used to be “considered bad form, even indicative of poor management” to have too much cash, Daniel Carver writes in a piece for the website Seeking Alpha.
Carver looks at the cash holdings of five companies — Scripps, Google, Tiffany, Analog Devices and Xilinx. His comments about Scripps Networks are less than enthusiastic.
If you’re wondering how big time investors are handling their money in today’s ugly economy,
here’s an glimpse at what some Wall Street types are doing.
WSJ: How Wall Street Invests Its Money in Hard Times
If you’re tempted by scraping together everything you have to invest in gold, here’s something to consider.
New York Times: The Hidden Dangers in Safe Havens
Everything you could possibly want to know about the redesigned $100 banknote is now available online, the government announced in an e-mail blast to the media today.
We’re talking videos, podcasts, photos and even an interactive quiz.
The website seems a bit cheesy, but any business that handles cash should download the training materials to learn more about how to spot fake currency.
Here’s another reason job creation has been slow — some of Corporate America’s big dogs are sitting on piles of cash waiting to make their move.
Check out this story in the Los Angeles Times that talks about how some of America’s largest corporations — including Memphis-based FedEx — have come out of the recession with plenty of money in the bank.
The question is when will they start to spend? When they do, we should start seeing improvement in the jobless numbers.