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March 18, 2012 at 02:42 AM EDT
Stocks with High Cash per Share
It is not enough for a company to have lots of assets. Cash is king and stocks with lots of cash generally means that the company is in solid financial shape. It also makes the companies more appealing as takeover candidates, since the acquiring company can use that cash to help close the deal.
Insperity (NSP) is a provider of human resources and business solutions for small and medium-sized businesses. The stock has almost $11 in cash per share and trades at 29.62. The company is debt free and trades at 15 times forward earnings. Earnings rose 39% on a 13.7% increase in revenues. The yield on the stock is 2%.
Richardson Electronics (RELL) is a provider of engineered solutions, customized display solutions, and power grid and microwave tubes that has a huge amount of cash per share, $9.50 in cash and the stock trades at only 12.22. This debt free company trades at 26 times forward earnings.
If you like specialized stock lists like this, check out the free lists at WallStreetNewsNetwork.com, which can be downloaded, updated, and sorted.
Disclosure: Author did not own any of the above at the time the article was written.
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