Dave's right, cash is king

I saw this article on CNNmoney this morning that reinforced Dave Ramsey's message of being debt free, even in business. Money Magazine editor Michael Sivy highlighted four American businesses that will beat the recent credit crunch. Which businesses did he mention? Staples, Johnson & Johnson, Illinois Tool Works, and Microsoft.

With banks and lenders tightening up their wallets, companies that rely heavily on credit for growth are having a tough time acquiring capital. "By contrast, businesses with plenty of cash or pristine balance sheets that make them attractive borrowers will be able to expand, acquire weaker players and take advantage of other opportunities."

That's exactly where these four companies fall. They have little debt, with the exception of Microsoft with none, and have tremendous growth potential as a result.

Tell me cash isn't king..

Source: 4 bargains that can beat the credit crunch