And you’ve described me to a “T”. I’ve become allergic to debt and financial obligations. Shoes have dropped on me twice in twenty years and what is coming next is Imelda Marcos’ whole closet.
The same can be said for a lot of major corporations which are currently sitting on a lot of cash. Apple, Johnson & Johnson, and Chevron are examples.
Some people (including "activist" shareholders) criticize them for not hiring, not building new plants, not buying other companies, not leveraging their assets in the current low lending rate environment, or not increasing their dividends. I make no such criticism, however -- they may well see hard times on the horizon. I wouldn't blame any person or any corporation for not taking needless risks in the current environment.