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To: Chuzzlewit who wrote (34304)3/13/1998 4:17:00 PM
From: Joseph Colombo  Respond to of 176387
 
<<Freeus, cash is a totally useless asset. You can't use it to do anything except exchange it for assets that earn money! Sitting on a ton of cash, like burying it in your backyard, simply makes no sense.>>

Paul,
I agree totally. Either put the $ to work, or loose.
I don't think most people get that.
It's got to be in play, or your going backwards.

Joe



To: Chuzzlewit who wrote (34304)3/15/1998 2:51:00 PM
From: freeus  Read Replies (1) | Respond to of 176387
 
re: put the money to work or give it to the shareholders.
I understand. Thanks, was looking at it from too much of an individual's budget point of view, which is not applicable. I hate it when govt sectors have cash reserves, because thats our money and should be returned to us in tax cuts or refunds. I can see that for a publicly held company if the money isnt being used for enhancement, it shouldn't just sit there.
Freeus


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