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Cash may be a comfort in an uncertain economy, but it can also be a drag on shareholder value. From 1995 to 2002, Terex Corp. was a terror on the mergers-and-acquisitions scene, snapping up a string of 22 takeover targets. Since then, the Westport, Connecticut-based manufacturer of construction and mining equipment has kept its checkbook much closer to the vest, as cash-rich private-equity buyers drove prices beyond where it felt it could make disciplined acquisitions.
No matter: the 8. 2 billion company still managed to grow cash advance loans fredericksburg va revenues by an average of 28.
8 percent each year. Shareholders responded by driving up Terexs stock price from less than 6 at the beginning of 2003 to more than 80 in late September. Thanks to its stellar performance, Terex ranks sixth among the companies in the Standard Poors 500 stock index (excluding financial institutions) in terms of total shareholder return (TSR) over the past five years. Thats according to a new analysis done for CFO by The Boston Consulting Group (BCG).