Eddy Elfenbein submits: I’ve been looking at a lot of balance sheets lately, and I’m surprised at the level of cash that many corporations are holding. Microsoft (MSFT), for example, has $35 billion in the bank. Think about that. Their bank account is larger than most banks. In fact, by itself, Microsoft's bank account would be the 70th largest stock in the S&P 500. ExxonMobil (XOM) isn’t far behind with $29 billion in cash, and Pfizer (PFE) has $22 billion.
What is everyone waiting for? Perhaps Microsoft will pay another special dividend. I think it’s interesting that a software company is one of the largest lenders in the country, and it isn't even part of the Federal Reserve System.
On my first job as a broker, I remember how we were trained in our “pitches