JU Davis College of Business Dean Don Capener editorializes in JBJ on industries ‘parking’ their cash

That troubles JU Davis College of Business Dean Don Capener, who says in a Jacksonville Business Journal editorial (March 1-7 edition) that investment opportunities are abundant — particularly in Jacksonville. Capener says that if the trend continues, he hopes stockholders begin moving their investments to companies that drive job creation.

“As a stockholder, I am beginning to question management’s ability to earn a reasonable rate of return and manage their own risks because they are parking so much excess cash on the sidelines,” Dr. Capener writes. “Certainly, Google is aggressive in deploying technology globally, but why use equity appreciation as a war chest? Do they know somethng we do not about an uncertain future?”

Here is Capener’s JBJ column.