According to top-ranked Wall Street analyst Carlos Kirjner, by the end of 2016, Google will have more than $100 billion in cash and cash-like securities, much of it earning less than 1% a year. The Bernstein Research analyst wrote in a note to investors Friday that this a problem for shareholders because they could earn higher returns elsewhere. Google has argued that it needs lots of cash to stay nimble and compete with other fast-moving technology companies. Kirjner added that Google should return some of its cash to shareholders, ideally through a dividend or by repurchasing some of its shares. That would erase doubts among some investors about the commitment of co-founders Larry Page and Sergey Brin to creating value for long-term shareholders. http://on.wsj.com/1tsWFtd http://bit.ly/1fJ5yqZ #news #okc #endtimes
Google’s Expected $100 Billion Cash Pile Prompts Call For Dividend
According to top-ranked Wall Street analyst Carlos Kirjner, by the end of 2016, Google will have more than $100 billion in cash and cash-like securities, much of it earning less than 1% a year. The Bernstein Research analyst wrote in a note to investors Friday that this a problem for shareholders because they could earn higher returns elsewhere. Google has argued that it needs lots of cash to stay nimble and compete with other fast-moving technology companies. Kirjner added that Google should return some of its cash to shareholders, ideally through a dividend or by repurchasing some of its shares. That would erase doubts among some investors about the commitment of co-founders Larry Page and Sergey Brin to creating value for long-term shareholders. http://on.wsj.com/1tsWFtd http://bit.ly/1fJ5yqZ #news #okc #endtimes
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