Friday, December 10, 2010

A Great Combo: Debt Free, High Cash, High Yield

When investors look for stocks, they often run screeners, which extract stocks that meet certain criteria. Conservative investors always look for high yields; but beyond that, there are screens that narrow the list to more quality companies. This additional criteria can include low or no debt and a high cash position. just updated its free list of High Cash No Debt High Yield Stocks, and includes over 20 companies, showing the stock symbol, market cap, forward price-to-earnings ratio, cash per share, yield, and cash per share as a percentage of price.

Garmin Ltd. (GRMN) is a company that fits this criteria. This is the $5.85 billion market cap debt free company that makes global positioning system, or GPS products. The stock sports a 4.9% yield and forward PE ratio of 11.8. It has a nice cushion of $6.50 in cash per share.

Superior Industries International, Inc. (SUP), a manufacturer of aluminum road wheels, pays a yield of 3.1% and carries a forward PE of 13. The stock has an amazing $5.09 in cash per share and has no debt.

Weis Markets (WMK), a retail supermarket chain, which is a $1.06 billion market cap company, has $5.03 in cash per share, a PE of 15, and a yield of 3.0%.

To see the entire list of High Cash No Debt High Yield Stocks, which you can sort, change, and update, go to

Disclosure: Author does not own any of the above.


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