In Today's Corporate America, Cash Is King

摘要

You wouldn't imagine it from newspaper headlines, but by one measure at least, Corporate America is in relatively good financial shape. Going into the current economic storm, companies had more cash on their balance sheets than before the last four recessions. And, through September at least, their pretax profits were more than enough to pay interest on all their debt nearly four times over. "The story of Corporate America is better than people think," says James W. Paulsen, chief investment strategist at Wells Capital Management.