New estimates of cash among S & P 500 entities
I came across more accurate estimates of cash and equivalents among the S & P 500 members. As a whole, the group now carries around $23 trillion, with the tech members holding $220 billion. These are extremely high numbers by historical standards.
My objective has been to ensure that when these get deployed for takeovers, I get my small share!
Dividends and buybacks are other ways for companies to deploy this cash to reward investors directly, though with buybacks a number of companies in the past have used it just to offset dilution resulting from obscene stock options grants to a handful of executives.
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