They do - this is a common misconception. If they have 1b, that means that any bank will loan them 1b, which they will use to purchase more businesses and then they have 2b so it means they can take out a loan of 2b - pay previous debt and purchase something else. Rinse repeat.
Of course this is an oversimplification - but having millions in stock is as good as having it in the bank.
They do - this is a common misconception. If they have 1b, that means that any bank will loan them 1b, which they will use to purchase more businesses and then they have 2b so it means they can take out a loan of 2b - pay previous debt and purchase something else. Rinse repeat.
Of course this is an oversimplification - but having millions in stock is as good as having it in the bank.
Not just what they have but more than what they have in assets.