The Cash-Rich Report: Sherritt International (TSX:S) With inflation hitting 5.9 per cent in January, public companies are feeling the crunch of higher prices.
With the Bank of Canada (BoC) raising its benchmark interest rate to 4.5 per cent in tow, and with it the cost to borrow money, and unemployment near a record low, the current macro environment is especially difficult to operate at an optimal level without adequate capital on hand.
This is why, during uncertain times such as the present moment, many investors tend to limit their pool of prospective allocations to the cash-flowing and the cash-rich.
With this thesis in mind, The Market Herald’s Cash-Rich Report introduces you to profitable companies with coffers fortified to weather a multitude of headwinds.
Next up: Sherritt International (TSX:S):
https://themarketherald.ca/the-cash-rich-report-sherritt-international-tsxs-2023-03-14/