> Therefore, it must be that they aren't identifying enough attractive opportunities in which to invest that growing mountain of cash. There is a different pos

> Therefore, it must be that they aren't identifying enough attractive opportunities in which to invest that growing mountain of cash. There is a different possibility: anybody who has piles of cash on hand at the bottom of a recession will make a killing...with short term gains regularly exceeding 100%. Anybody who doesn't have cash on hand gets bought up at a huge discount by those that do. American companies that are stockpiling cash may see ample investment opportunities, but they could possibly be overshadowed by economic stability risks.