Translation: companies have more cash on hand to do whatever with? Invest, pay out as dividends, whatever?
If that be so, one caveat that Peter Lynch used to note: The Bladder Theory of Corporate Finance - “… as propounded by Hugh Liedtke of Pennzoil: the more cash that builds up in the treasury, the greater the pressure to piss it away.”
For my company we have paid down a lot of the debt we were saddled with after an acquisition and subsequent spin IPO. Now all investors ask is “what are you going to do with all of your excess cash”? Buybucks being the 31 request...