Analysis: Bruised DSV – cash not king anymore?
…or just blame investment needs and seasonality
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4919307
© Pgangler
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Dreamstime.com
Last week ahead of my once-every-four-years birthday on 29 February, Morgan Stanley published research on capital allocation that, I reckon, made for compelling reading.
Indeed
It was a welcome present, one followed by another short piece of fixed-income research from Goldman Sachs the day after.
(Before you ask: both 28 Feb and 1 March would have been eligible birthday days in non-leap years.)
The post-party hangover now gone, yes… I think so… uh… I spent a bit of time going through their findings and, ...
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