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St Louis Partner John Welge was quoted July 21 in the St. Louis Business Journal regarding the uncertain market in St. Louis, resulting in public companies stockpiling more cash on hand. According to Securities and Exchange Commission filings, all 40 of St. Louis’ public companies currently have from $300,000 to $15 billion in cash on hand. Companies may choose to keep cash on hand for a variety of reasons, including as an emergency fund in an uncertain market, to cover funding for operations during off seasons, or to invest in new opportunities, such as acquisitions. “It would be a reasonable assumption that a company with a nice cash balance is looking for opportunities for growth,” said Welge, leader of Bryan Cave’s Transactions Client Service Group.