If you are looking for the perfect stock, these days you might ignore the PE ratios and the PEG ratios, and look for stocks with large amounts of cash, no debt, and pay a high dividend. These types of stocks are considered to be the best ones to weather a severe recession. According to WallStreetNewsNetwork.com, there are 35 stocks that are debt free, with plenty of cash, and dividend yields between 1% and 18.5%.
Biovail Corp ( BVF ) is a pharmaceutical company which develops treatments for central nervous system disorders, pain management, and cardiovascular diseases. They currently have 354.1 million in cash, giving them $2.23 in cash per share. The stock has a forward PE of 7.1 and pays a yield of 18.5 %.
Terra Nitrogen Co. ( TNH ) produces and markets nitrogen fertilizer products . They currently have 190.1 million in cash, giving them $10.18 in cash per share. The stock has a PE of 5.5 and pays a yield of 14.9 %.
Mahanagar Telephone Nigam ( MTE ) is a provider of fixed-line and other telecommunications services in Delhi and Mumbai, India. They currently have 704.9 million in cash, giving them $2.24 in cash per share. The stock has a forward PE of 10.17 and pays a yield of 9.4 %.
Maxim Integrated Products ( MXIM ) makes and sells linear and mixed-signal integrated circuits. They currently have 1.218 billion in cash, giving them $3.80 in cash per share. The stock has a forward PE of 11.36 and pays a yield of 6.5 %.
Lorillard ( LO ) makes and markets cigarettes in the United States. They currently have 1.208 billion in cash, giving them $7.11 in cash per share. The stock has a forward PE of 11.66 and pays a yield of 5.8 %.
Grupo Aeroportuario Del Sureste ( ASR ) is an operator of airports in Mexico. They currently have 136.0 million in cash, giving them $4.54 in cash per share. The stock has a forward PE of 9.31 and pays a yield of 5.8 %.
Cohn & Steers ( CNS ) is a manager of high-income equity portfolios and provider of investment banking services. They currently have 200.4 million in cash, giving them $4.82 in cash per share. The stock has a forward PE of 15.9 and pays a yield of 5.7 %.
Gentex Cp ( GNTX ) makes and sells electro-optic products, automatic-dimming rearview mirrors, and fire protection products. They currently have 338.2 million in cash, giving them $2.41 in cash per share. The stock has a forward PE of 17.98 and pays a yield of 5 %.
Paychex Inc ( PAYX ) is a provider of payroll services, and integrated human resource and employee benefits outsourcing. They currently have 464.1 million in cash, giving them $1.29 in cash per share. The stock has a forward PE of 15.77 and pays a yield of 4.7 %.
Analog Devices ( ADI ) makes and sells analog, mixed-signal, and digital signal processing integrated circuits. They currently have 1.278 billion in cash, giving them $4.40 in cash per share. The stock has a forward PE of 11.85 and pays a yield of 3.8 %.
An Excel spreadsheet database of 35 high cash, no debt, high yield stocks can be found at WallStreetNewsNetwork.com. If you like high yield stocks, you should also consider Tax Free Income Stocks, and Top Yielding Electric Utilities.
Author owns ASR.
By Stockerblog.com
2 comments:
I can.t get the Excel sheet to load from Wall Street News Network. Get browser error message
If you are using Internet Explorer, try using Mozilla Firefox, or vice-versa. Also, there has been a huge number of visitors to the web site, so it may have been overloaded with requests. Try it again.
Post a Comment