1.   Generally speaking, such investors would rather see companies reinvest excess cash in their businesses or use it to repurchase shares.

2.   Investors then face the prospect of reinvesting the cash in lower-yielding securities.

3.   Investors often dislike refinancings because they mean their principal is returned earlier than expected, forcing them to reinvest the cash at lower rates.

4.   Municipal bond yields fell amid expectations that investors will need to reinvest cash at a time when states and cities are selling few new securities.

5.   Schwab said its revenue grew so fast that it overwhelmed its ability to reinvest cash in its business.

6.   Specifically, she examines how management reinvests excess cash.

7.   In addition, investors who in December sold money-losing stocks as a way to trim their capital gains tax bills often reinvest their cash in new stocks.