Back in March, WallStreetNewsNetwork.com produced a free downloadable Excel spreadsheet database of Debt Free Stocks Selling At Or Near Cash. These are stocks which have virtually no debt and are trading at the amount of cash the company has per share. The reasoning behind choosing such stocks is that without any debt and a lot of cash, it would be hard for the companies to go out of business. In addition, the cash can make the companies takeover candidates.
If you take a look at the 17 stocks on the list, which shows the trading price as of March 4, 2009, and compare those prices to the close as of today, May 12, you would discover that every stock on the list was up and the average percentage increase was 29%, versus 23% for the Dow and 27% for NASDAQ. If you had chosen the right stocks, such as optionsXpress Holdings (OXPS), you would have had an increase of 74%. Other strong examples include Teradyne Inc. (TER) up 49%, and Riverbed Technology (RVBD) up 72%.
Other free downloadable Excel databases at wsnn.com include High Cash No Debt High Yield Stocks, No Debt Low Price To Cash Flow Stocks, and Stocks Selling Below Cash Per Share.
Author does not own any of the above stocks.