Tuesday, May 11, 2010
GS: Cash for the sake of cash
Even if the $375B in debt is subtracted from Total Cash, GS still has about $700 a share in cash. But why subtract the debt from Total Cash, when GS can package it and sell it to the government. So let's go with the $1,395.42 per share as Total Cash. I guess they need all of that cash to service their generous 1.00% annual dividend to common shareholders.
A shining example of capitalism at its finest, or, a travesty of greed and corruption?