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Fool UK
Recs
A net of almost $900M in cash!! How can you go wrong buying money?
I only researched this company for five minutes, but be careful, looking at their balance sheet I don't see anywhere near that $900m cash figure that yahoo finance reports. Look here at their balance sheet:http://finance.yahoo.com/q/bs?s=PJCIt appear that the company used a good deal of that $900m of cash to purchase long term investments. They did this between their June 07 quarter and their Sep 07 quarter, a time when equities were still significantly higher. Are investments worse than cash? It clearly depends on what they own, but with cash I know what they own, "Long term investments" could be anything. Best of luck