Great points here. On the larger cap front, Palantir comes to mind. The company is sitting on gold bars (absolutely ridiculous, and they’re being sued over it) and over $1 billion in cash that just earns a ton of interest. The stock’s fanboys eat it up because it drives net profitability, but it’s completely missing the point as to the sheer inefficiency of excess cash, per your points.
Great points here. On the larger cap front, Palantir comes to mind. The company is sitting on gold bars (absolutely ridiculous, and they’re being sued over it) and over $1 billion in cash that just earns a ton of interest. The stock’s fanboys eat it up because it drives net profitability, but it’s completely missing the point as to the sheer inefficiency of excess cash, per your points.
Great points here. On the larger cap front, Palantir comes to mind. The company is sitting on gold bars (absolutely ridiculous, and they’re being sued over it) and over $1 billion in cash that just earns a ton of interest. The stock’s fanboys eat it up because it drives net profitability, but it’s completely missing the point as to the sheer inefficiency of excess cash, per your points.