Bob Turner of Turner Investments says that companies are putting their ample cash reserves to work, which may help the bull market to keep advancing
BERWYN, Pa.--(BUSINESS WIRE)-- In the latest Quarterly Perspectives With Bob Turner video, the chairman and chief investment officer of Turner Investments notes that companies are using the ample cash reserves in their balance sheets to repurchase their shares, initiate or raise dividends, and make acquisitions. That may help stocks to keep rising, he believes.
Many companies, he estimates, have “anywhere between 15 to 20% of their balance sheets in cash.” He thinks that cash hoard and the continuing but slowing growth in corporate profits may help the bull market that began in March 2009 to advance further.
In this video, he offers his views on these topics as well:
To see this video, click on the link in this news release or this link to Turner’s Web site: http://www.turnerinvestments.com/quarterly-perspective/inst/
Foreign investments, especially those in emerging markets, are subject to risks not ordinarily associated with domestic investments, such as currency, economic, and political risks and different accounting standards.
The views, opinions, and content presented are for informational purposes only. They are not intended to reflect a current or past recommendation, investment, legal, tax, or accounting advice of any kind, or a solicitation of an offer to buy or sell any securities or investment services. Except as otherwise specified, any companies, sectors, securities, and/or markets discussed are solely for illustrative purposes regarding economic trends and conditions or investment process and may or may not be held by Turner, the Turner Funds, or other investment vehicles or accounts managed by Turner or its affiliates. Past performance is no guarantee of future results.
Turner Investments refers to Turner Investments, L. P., its subsidiaries, and affiliates. Nothing presented should be considered to be an offer to provide any Turner product or service in any jurisdiction that would be unlawful under the securities laws of that jurisdiction.
Turner Investments, founded in 1990 and based in Berwyn, Pennsylvania, is an investment firm with more than $11 billion in assets under management in stocks, as of September 30, 2012. Turner manages growth, global/international, and long/short separately managed accounts and mutual funds for institutions and individuals.
As of September 30, 2012 Turner held in client accounts 543,915 shares of Apple, 135,958 shares of Google, 830,785 shares of Caterpillar, 391,130 shares of Cummins, 1.8 million shares of Ametek, 625,020 shares of Stratasys, 1.7 million shares of Lennar, 802,090 shares of Toll Brothers, 322,220 shares of PulteGroup, 1.3 million shares of The Home Depot, and -367,100 shares of Lowe’s Companies.
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Abbi Anderson, 484-329-2407
Source: Turner Investments