Q: Seems there's a possibility the market might be headed for a bit of a pull back. If this scenario plays out I'm thinking companies flush with cash may do better than others. What Canadian companies that have a lot of cash do you think have the best chance of doing relatively well in a market correction?
5i Research Answer:
Cash can provide a cushion, but doesn't guarantee outperformance. In 2008, for example, more than 1,500 companies traded below their cash value at the bottom of the market. SHOP has $3.6B net cash. PXT $372M. LSPD $800M. PSI $184M. DSG $182M. ENGH $234M. KXS $225M