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clock Created with Sketch. 19/02/24
14:26
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Originally posted by tessathedog
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Your point is valid, and I think the continued retention of such a large cash reserve (one third of the market cap!) has certainly been queried by analysts. I’m personally comfortable with it…if the chance to take advantage of a distressed market does come along, we can take it without having to worry about the credit liquidity issues that often come with such times. We can also gradually add whenever we want to in the meantime.
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"But he’s content to just sit on [the cash pile] for decades if necessary waiting for the right moment." Ah hah! A brilliant solution for the Succession, which is probably the Damocles Sword hanging over the Company and the s.p. - immortality for Alf .
(20min delay)