Considering how well the market has performed over the last several years, it is becoming increasingly more difficult finding cheap stocks. Perhaps that is one reason I was so excited when I came across a company called QLogic Corporation (QLGC). This company is drowning in cash, has zero debt and generates lots of free cash flow. Based on the company's current enterprise value, I believe this stock is a huge bargain.
QLogic designs and supplies high performance network infrastructure products that provide, enhance and manage computer data communication. These products facilitate the rapid transfer of data and enable efficient resource sharing between servers, networks and storage. The company's products primarily consist of adapters, switches, storage routers...
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