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8 percent each year. Shareholders responded by driving up Terexs cash advance places dekalb price from less than 6 at the beginning of 2003 to more than 80 in late September. Thanks to its stellar performance, Terex ranks sixth among the companies in the Standard Poors 500 stock index (excluding financial institutions) in terms of total shareholder return (TSR) over the past five years.
Thats according to a new analysis done for CFO by The Boston Consulting Group (BCG). At 49 cash advance places dekalb, Terexs five-year TSR is well above the average for the top quartile of the SP 500 (see The Value Creators). Recommended Stories: Accordingly, Terex has had the luxury of piling up cash on an underleveraged balance sheet - 453 million as of June 30 - at a time when investors are pushing many companies to make big payouts to shareholders.
The company did launch a 200 million stock-buyback program last year, but against a market capitalization of 9. 3 billion thats not terribly aggressive. Terex could buy back more stock, or issue a special dividend. But it is committed to reinvesting in its business for long-term growth, according to Terex senior vice president and CFO Phillip Widman.