Originally Posted by 56S
A large company may one thing in common with poor old me; What money I have, I'm saving for a rainy day. It is time for us to buy a new car but I'd rather wait see what the "weather" brings. My planned vacation this year is the East Coast after peak season instead of a warm Pacific Isle. Those Palm trees will be there next year and hopefully so will that Ridgeline.
Many companies are sitting on RECORD piles of cash and looking to merge & acquire. IMO, if they were smart they'd stick with what they know and improve THAT. Many of these end being divested later anyhow (Saab, anyone?).