n Personal Finance Newsletter - Jargon busters : making sense of market-speak : investment information

Volume 2006, Issue 302
  • ISSN :



Extracted from text ... suppliers of finance. A number of companies, such as Woolworths, are switching from all-cash to partly credit operations. They will initially absorb cash but in the longer run, they hope that their debtors' books will be sources of cash in the future. Everything depends on management of the book, as McCarthy, Woolworths and others have found to their cost in the past. The basic principle is that companies that extend credit can be cash traps. The same is true for capitalintensive companies, which require hundreds of millions of cash upfront and generate cash only later. Mines are a classic ..

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