The mainreason forInvestor’s resilience is that it entered the downturnflush withcash, giving it the means to supportstrugglingsubsidiaries and buydistressed assets at knock-down prices.
What began as a way to preserve cash when markets dried up a few years ago has become a means of freeing up money to fund expansions, buy back stock and support dividend payouts at a time of lackluster sales growth and shrinking profit margins.