Do Debt Free Stocks Under $10 Really Do Well?

Last month, we ran an article about 11 debt free stocks trading under $10 per share with lots of cash called 11 Under 10: Low Share Price, Debt Free, Lots of Cash. The entire list of low priced shares with no debt was and still is available at WallStreetNewsNetwork.com.

If you look at the returns on those eleven stocks from the time the list was published to last Friday, and this is even after the Dow was down over 100 on that day, the average gain on the stocks is 4.2%, versus only 1.4% on the Dow over that same time frame. Not a bad return for less than a month.

Most of the eleven stocks were up, with a low gain of 0.4% for Stamps.com Inc. (STMP) and a high of 34.5% for Joe's Jeans Inc. (JOEZ). Other stocks that were up strong include Landec Corporation (LNDC) and SonicWALL, Inc. (SNWL).

Only a few on the list were down, with Hot Topic, Inc. (HOTT) being the lowest performer, down only 3%.

Stay tuned for our next update. Hopefully we can come up with 12 stocks under 10. However, there are plenty of other lists of stocks at wsnn.com, especially high dividend lists, which are worth checking out.

Author does not own any of the above.

By Stockerblog.com

11 Under 10: Low Share Price, Debt Free, Lots of Cash

It is amazing that there are still debt free stocks with lots of cash and good financials, especially stocks that trade for less than $10 per share. WallStreetNewsNetwork.com has just turned up eleven of these low priced debt free stocks with lots of cash per share and strong revenue growth. Most of them have market caps above $100 million, however, many are still very low cap stocks and should be considered very speculative.

SonicWALL, Inc. (SNWL), which closed at $7.77 on Wednesday, makes and markets network security, content security, and business continuity solutions. This debt free company has an incredible $3.46 in cash per share. The stock has a forward PE of 20, and a 4.4% revenue growth for the latest quarter. The market cap is $421 million.

Force Protection, Inc. (FRPT), at $5.61, has $1.74 per share in cash and no debt. This manufacturer of blast and ballistic protected vehicles had an amazing 69.0% increase in revenues for the latest quarter, with a forward PE of 11. The market cap is $392 million.

To see the rest of the low priced debt free stocks, go to wsnn.com.

Author does not own any of the above.

By Stockerblog.com