Morgan Stanley again: "It has a strong record of cash returns, with a … yield of 5.5% [in 2015]." It looks like being the end of an era.
And so are the companies that make them: There is no history, no record of cash flows on which to build a sturdy valuation.
An official at News International, a British subsidiary of the News Corporation, said the records of cash payment went back as far as 2002, covering the editorships of Andy Coulson and Rebekah Brooks, both of whom were arrested in recent weeks.
But Hoskins's lawyer, Cardoza, said the F.B.I. cleared Hoskins when it found he had not forged the signatures and had kept meticulous records of cash transactions, including giving thousands of dollars to two girlfriends for Bonds.
However, Balls took Labour's argument on tax avoidance one step further on Sunday when he appeared to suggest that everyone should help take responsibility for ending tax evasion by keeping proper records of cash payments.
Ed Miliband, the Labour leader, tried to get his message back on track by arguing that the party cares more about tax-dodging by hedge funds than hedge-cutters, but senior Conservatives focused on the row about receipts, saying Balls's claims about keeping records of cash transactions were "ludicrous".
But the Times reported records of cash payments from 2007 to 2012 that were not previously known.
Companies in the S.& P. 500, for instance, are often sitting on record amounts of cash, and are generating record profits, with better-than-expected first-quarter results.
Yet Qualcomm deserves the benefit of the doubt for now, given its solid long-term performance and record of returning cash to shareholders.
For starters, the state and federal government need to find more effective ways of working with community-based, nonprofit programs that have a good record of helping cash-strapped property owners restore their homes.
