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Select companies with growing cash positions

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Companies with growing cash holdings outperform when earnings growth negative. Complement cash growth with lower accruals ratio, greater shareholder yield, and higher sales yield. Favored Stocks Include: Fiat Chrysler, Deutsche Post, LafargeHolcim, UPM-Kymmene, Veolia Environment, WPP, Associated British Foods.

Ned Davis Research | Stock Selection | Europe Portfolio Strategy | Monthly

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