Grundman Cited In Defense News, “Industry Girds For Extended Us Sequester”
“To manage slowing spending ahead of the downturn, and with what appears to be a growing acceptance of the sequester cuts, companies have already turned to throwing cash back at investors in the form of hiking dividends and share repurchases. ‘The pattern of capital deployment that we see exhibited, particularly among prime contractors, is a case study, is a book on disinvestment,’ Grundman said. ‘When you’re following that strategy, a disinvestment, you either run out of money or your share prices get too high to make doing that accretive, the best thing to do is to sell assets. That’s the further logic of that strategy.'”
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