Not exact matches
Opportunity: Though the federal government will be entering a
surplus next year, provincial governments remain strapped for
cash, so don't expect much job growth for what are already scarce
positions.
The argument of a full - or over-valuation of stocks backfires when applied to the existing equity holdings of a fund: If at present the manager does not want to use the
surplus cash to add to these
positions, this implies that they have a limited appreciation potential, are fully valued or even over-valued.
First and foremost, companies with dividend paying ability are those with strong financial
positions, i.e.,
cash on the asset side and enjoying substantial «
surplus -
surplus» (a relative absence of liabilities) on the obligation side.