Cohen: Companies To Use Cash in 2013

Goldman Sachs’ Abby Joseph Cohen says 2013 will be the year when companies begin to put their piles of cash to work. Cohen tells Bloomberg that she’d like to see companies use that cash not only to increase dividends, but also to hire more workers and grow their businesses. She says many stocks continue to trade below book value, part of what is driving merger and acquisition activity. Cohen also talks about the importance of immigration in economic growth.

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