February 2nd, 2008
When cash is not as good as cash.
There is an interesting little article on the second page of the second section in Saturday’s (2/2/08) WSJ. It’s sort of obvious when you think about it. When companies list “Cash” on the balance sheets, they don’t really have greenbacks stuffed in the corporate mattresses. They have the cash invest in cash equivalents. These instruments [...]

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