These companies are making boatloads of money, and have
large cash stockpiles (and are currently able to add to them with current earnings) to help weather any further economic problems, such as what we are seeing now.
Other sectors with
large cash stockpiles include healthcare and pharmaceuticals, consumer products and energy.
Not exact matches
The
largest stockpile belongs to Apple Inc. at $ 252 billion — 94 percent of its total
cash.
There are lots of reasons Buffett likes Apple, such as its dominant market position, pricing power,
large and steady
cash flow, and its 12 - figure
stockpile of
cash.
The result: US companies have
stockpiled large amounts of
cash on their balance sheets.