What we're recommending is that people take out as much cash as they would need for a long weekend. And if you're relying on credit cards, request copies of your credit report before and after the century change so you can spot and correct any Y2K errors immediately.
What we're hearing is that today was predominantly short covering, ... I know that there's people that have cash and are stepping in when the market's down.
What this industry is about is back to the basics in the new Internet economy; and the basics are profitability, cash flow, productivity and market-share gains,
What they're doing now is more targeted marketing. One is cash incentives - some say it's the next wave after free checking - and the targeted marketing is a trend we've noticed for several years now.
What they need to do is deploy the cash in a way that drives some growth. Sara Lee, rightly or wrongly, is not viewed as a growth company.
We got two power-play goals but it's not really about percentages. As a group it's about finding the big goal. We had chances, especially late, to get the equalizer, and we couldn't cash in.
We're interested in watching the next phase of high-rise condos going up, and we're interested in seeing how the Stardust comes together with their new $4 billion product. We have cash flow we can sit on while we're watching the market.
We're in a slower-growth environment and as Larry said, if you can get 10 percent growth from organic growth and 10 percent from acquisition, it adds cash and adds earnings. That's as long as they can make the integration work.
Many majority owners in recent deals have tried to reduce their equity position and cash calls through minority position. There is a risk that in the sense that if things go poorly the minority owners can leverage or force out the majority owner.
Many of the donor programs have not only been ineffective, they have harmed the economy. Cash is not the issue. What you need is investor confidence.