Monday, December 01, 2008

Cheap Stocks: Stocks Selling Below Cash with No Debt

If you are looking for a stock that has almost no downside, you can't beat a stock that is trading at a price below its cash per share, and on top of that, has little or no debt. has just updated their list of stocks selling below cash and has added a column which shows the amount a debt that the company has. Surprisingly, there are about a half a dozen with no debt at all and several more with relatively low debt.

For example, TradeStation Group Inc. (TRAD), an online stock brokerage company, has about $16 in cash yet the stock sells for less than $7 per share. Not only that, the stock is debt free. The company announced last month that their daily trading volume rose 62 percent in October. The stock has a PE of 8 and a PEG of 0.42.

Another 'below cash' stock is Health Net Inc. (HNT), the managed health care company. The company has over $20 per share in cash and the stock sells for less than $9 per share. In addition, the company only has $645 million in debt. The company just announced that that Jonathan H. Scheff has returned as chief medical officer. The stock has a PE of 5 and a PEG of 0.48.

CIENA Corp. (CIEN), the network hardware and software company, sells for less than $7 per share but has cash per share of over $11. They have about $800 million in debt. Their earnings call is scheduled for Thursday, December 11. The stock has a PE of 7 and a PEG of 0.37.

For a downloadable Excel database of cheap stocks, which can be sorted and changed, go to to see the Stocks Selling Below Cash with No or Low Debt.



Anonymous said...

If you are looking for very cheap stocks, you may want to look for stocks that are selling below cash per share.

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Anonymous said...