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Debt Free Stocks Selling At or Near Cash

Source: http://stockerblog.blogspot.com/2008/11/debt-free-stocks-selling-at-or-near.html
Posted on Friday, November 21st, 2008 | In Current Market News, Stocks to Watch
Contributed by: Fred Fuld (http://stockerblog.com) -

If a stock is trading at the amount of cash it has, it is a pretty good buy. And if the company is debt free, it would seem that there is almost no downside. a href=”http://WallStreetNewsNetwork.com”WallStreetNewsNetwork.com/a came up with over a dozen stocks that are trading at or near cash, as measured by the Price to Cash Ratio, all with market caps over $500 million, and all without any debt. br /br /For example, optionsXpress Holdings, Inc. (OXPS) has no dept, trades for around 11.50 per share, and has $9 per share in cash. Not only that, they have a forward yield of 7.5 and pay a yield of 2.5%.br /br /Another example is KBR, Inc. (KBR), another no debt company, which trades for 9.86 per share with 6.87 in cash per share. The have a forward PE of 5.5 and pay a yield of 1.7%.br /br /It’s nice to find debt free companies with very reasonable ratios. The rest of the a href=”http://WallStreetNewsNetwork.com”debt free stocks selling at or near cash/a can be four at WallStreetNewsNetwork.com.br /span style=”font-style:italic;”br /Author does not own any of the above./spanbr /br /By a href=”http://Stockerblog.com”Stockerblog.com/adiv class=”blogger-post-footer”div class=’adsense’ style=’text-align:center; padding: 0px 3px 0.5em 3px;’
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