Bargain Stocks? High Cash, High Yield, No Debt

The cable and telecom company, Charter Communications Inc. (CHTR), just filed for bankruptcy, primarily due to their huge debt load. When you hear these stories, you realize how important it is to find stocks that are debt free if you are looking for safer and more secure companies to invest in. In addition, if the stock has a lot of cash, that adds to the level of safety. And if you can find stocks that meet both of these criteria, and the stock also pays a dividend, then maybe it is a stock worth buying.

WallStreetNewsNetwork.com recently uploaded its downloadable Excel database called High Cash No Debt High Yield Stock List. It lists over 30 companies that have a lot of cash, are debt free, and pay decent yields. Over a dozen have yields in excess of 4%. Here are a few examples, all of which have market caps over $1 billion and have no debt.

Maxim Integrated Products (MXIM) has almost $1 billion in cash, amounting to $3.04 in cash per share. They have a forward P/E of 37 and pay a yield of 6.6%.

Lorillard (LO) which has $1.19 billion in cash, giving them $7.09 in cash per share. They have a forward P/E of 10 and pay a yield of 6.3%.

Gentex Cp (GNTX) has $323 million in cash, amounting to $2.35 in cash per share. They have a forward P/E of 18 and pay a yield of 5.5%.

Intersil Corp (ISIL) with $312 million in cash, giving them $2.56 in cash per share. They have a forward P/E of 22 and pay a yield of 4.7%.

Garmin Ltd (GRMN) has $709 million in cash, amounting to $3.54 in cash per share. They have a forward P/E of 7 and pay a yield of 4.4%.

To see the rest of the High Cash No Debt High Yield Stocks, including two which yield more than 9%, go here.

Disclosure: Author does not own any of the above.

Comments

[mdpath:]

Why doesn't the author own any of these great stocks?

Mar 29 01:19 PM

[waldipup:]

cant download the article from the link.

Mar 29 02:49 PM

[sr9web:]

spam alert !

Mar 29 09:43 PM

[little lin:]

I am a charter cable subscriber, and as of June 17
You will have to have some sort of cable sevice to watch T.V. So I do not know how they are losing
money?

Apr 03 12:47 PM