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As I am building up my BIG Portfolio, I began by scouting for cash-rich companies (preferably companies that would generate sustainable cash flow from operations) and are trading at reasonable PE multiples.

29 companies matched the type of companies I would be interested in and they are listed below.

The problem with most of these stocks is that most are already trading near 52-week highs and we would expect that, given the PE is based on the trailing twelve months (TTM). It isn't full proof and in fact has lots of problems if you start diving into each company, for example Orthofix International N.V. (NASDAQ:OFIX).

OFIX is a global medical device company specializing in orthopedic solutions. Trading near 52-week low, OFIX is definitely one worth watching. I do caution that this company although featured in Seeking Alpha as an undervalued gem, it is currently under review by the SEC for late filing of its Quarterly Report. I would stay clear from this stock for its lack of compliance and declining quarterly earnings.

(click to enlarge)

Source: Nasdaq earnings report OFIX

What caught my eye was overseas telecommunications companies, China Mobile Limited (NYSE:CHL), P. T. Telekomunikasi Indonesia (NYSE:TLK) and Telecom Argentina S.A. (NYSE:TEO). Trading at reasonable valuations and one of the leaders in their domestic market. Compared against companies in the USA like Verizon (NYSE:VZ) and AT&T (NYSE:T) trading at 17x and 24x PE respectively, these companies look cheap and worth a good hard look.

China Mobile Limited

Trading at 9.1x PE and has a PEG of only 0.35, CHL is a stock to own. Just by looking at the buzz surrounding the anticipation of Apple (NASDAQ:AAPL) striking a deal with the company shows just how influential the company is, in its domestic market. It has a subscriber base of 750 million and is the largest wireless carrier in China. No offense to AAPL investors, I would rather stay long in CHL.

P. T. Telekomunikasi Indonesia

Another dominant leader in its home turf. TLK is the owner of Telkomsel, Indonesia's largest telco. This is certainly one to look further into for growing emerging market exposure.

Telecom Argentina S.A.

Another gem and doing a $1.2b share buyback. Yahoo! Finance has a forward PE of 6.89x on this stock. It is amazingly cheap and the company reported very strong third-quarter earnings, with average revenue per user (ARPU) growing strongly.

These Telcos are definitely worth a look.

(click to enlarge)Equity Screen Criteria

Here are the results:

EquitiesCash PerNet IncomeRevenueP/E RatioTotal
Share(5 Year)Growth RateDebt to
(10 Year)Capital
National Western Life Insurance Co20.941.63%7.67%8.440
Navios Maritime Partners LP2.61126.17%48.75%10.70.34
NetSol Technologies Inc1.810.31%29.79%5.280.07
Norsat International Inc0.127.31%16.33%8.930.18
Orthofix International NV3.7537.52%10.04%9.050.05
Perusahaan Perseroan (Persero) Telekomunikasi Indonesia Tbk PT27.171.46%14.00%3.020.23
Smith & Wesson Holding Corp0.9654.93%19.38%8.880.34
Telecom Argentina SA4.1520.27%18.66%8.340.01
Terra Nitrogen Company LP17.299.37%9.09%9.360
Ensco PLC7.677.02%20.96%10.720.28
Global Sources Ltd1.226.06%10.23%7.320
Golar LNG Ltd2.4348.13%12.13%3.090.18
Hess Corp12.562.02%12.50%2.370.21
Industrias Bachoco SAB de CV4.1611.62%13.84%80.1
Inter Parfums Inc2.0140.66%17.50%7.90
Joy Global Inc8.4122.35%17.27%8.30.31
Kulicke and Soffa Industries Inc1.556.30%6.00%9.870
MFC Industrial Ltd0.639.43%10.36%2.230.34
National Research Corp5.417.11%14.46%7.860.16
ACE Ltd7.951.33%9.51%10.060.18
Adams Resources & Energy Inc10.5310.05%6.70%8.350
Administradora de Fondos de Pensiones Provida SA8.2817.04%5.30%6.650
American Capital Ltd4.8210.17%15.95%9.480.13
American Railcar Industries Inc3.1511.36%15.47%10.690.32
China Mobile Ltd9.18.34%15.86%10.330
Companhia Paranaense de Energia2.442.48%13.14%7.30.15
Crestwood Equity Partners LP1.1940.16%25.40%3.760.26
CSP Inc0.589.92%11.67%5.320
Delek US Holdings Inc4.8123.36%31.85%9.790.24

Source for Equity Screener and Results.

Disclosure: I am long CHL. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I may initiate positions in TEO and TLK in the next 72 hours.