Stock of the day: LinkedIn
The professional networking site issues more shares to raise cash. Why does it need the money now?
By issuing shares, LinkedIn will add to its already sizable cash reserves -- which, coupled with a lack of debt, puts the company in a very strong position to expand. Argersinger thinks LinkedIn could go in a lot of different directions with the money, including expanding internationally and by acquiring smaller social media sites. No matter what the company decides to do, in the end investors are sure to profit from LinkedIn's ever-growing cash hoard.
The Motley Fool's 12 top stocks for 2013 are now available! So if you're tired of picking stocks out of a hat and hoping that one skyrockets, check out Stocks 2013: The Investor's Guide to the Year Ahead. It's The Motley Fool's current top report, and includes Chief Investment Officer Andy Cross's top stock for 2013! This under-the-radar company is the secret winner in the war for the last precious drops of oil on the planet. Find out what it is and how you can take advantage of this unseen company's huge profits in this special, free report, just click here now.
MSN Money on Twitter and Facebook
Copyright © 2014 Microsoft. All rights reserved.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.