Michael Johnson's Blog – February 2009 Archive (1)

Cash is king...

We've all heard the phrase "cash is king" and probably hear that today more than ever. Why? Keep in mind that this is overly general but I'm just trying to illustrate a point. In today's economy we hear a lot about companies that borrowed extensively to fuel their growth and now the underlying assets that secured those loans are worth a lot less. In extreme cases that puts those companies upside down - meaning they owe more than the collateralized assets are worth. One way for these companies… Continue

Added by Michael Johnson on February 10, 2009 at 1:30pm — No Comments

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