Being debt free, either from a personal standpoint or a corporate standpoint, can carry many financial advantages. Which means that debt free stocks selling at or near cash can be a very favorable investment. These are stocks which have virtually no debt and are trading close to the amount of cash the company has per share. Without any debt and a lot of cash,the company would be unlikely to go out of business, unless it is a biotech with a high burn rate. Also, the cash can make the company a possible takeover candidate.
WallStreetNewsNetwork.com just updated its list of Stocks Selling Near Cash and Debt Free, which shows the recent price, market cap, cash per share, forward PE, and cash per share ratio.
As an example, Sycamore Networks Inc. (SCMR), which is in the intelligent bandwidth solution business, trades at less than $24 per share yet has over $15 in cash per share. The company is debt free.
WellCare Health Plans, Inc. (WCG) is another stock with lots of cash. This debt-free managed health-care services company, which sells for less than $41 per share, has a significant 34.50 per share in cash. The stock trades at 13 times forward earnings.
To see the other stocks selling near cash and debt free, which include a couple stocks trading for less than their cash per share, go to WallStreetNewsNetwork.com.
Disclosure: Author did not own any of the above stocks at the time the article was written.