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One of the anomalies in my portfolio and in my writing here on Seeking Alpha in 2013 is how well some of my $2 stocks did over the past twelve months. Some like Himax Technologies (NASDAQ:HIMX) provided massive returns in the just completed year. Novavax (NASDAQ:NVAX) was another big winner during the year.

I am hoping for some of these $2 plays to be as rewarding in 2014. There are a couple of cash-rich $2 plays in my portfolio that I believe are attractive values. Both are soaring in trading in early trading Tuesday.

TheStreet (NASDAQ:TST) is a leading independent digital financial media company providing business and financial news, investing ideas and analysis to personal and institutional investors worldwide. The company's new management made some strides in 2013 by increasing the interactivity between its analysts and its community of subscribers which rose year over year. This morning the company announced that it is reinstating a dividend and will now have an over 4% yield.

The company certainly has the balance sheet to pay a substantial dividend. It has almost $50mm in net cash on its balance sheet which represents ~60% of its market capitalization at current price levels. I believe this is the first of several shareholder friendly initiatives the company will embark on in the New Year. Activist Spear Point has its own set of recommendations as it pushes to enhance shareholder value.

TheStreet continues to benefit via its relationship with Jim Cramer, one of the most followed and charismatic pundits in the financial community. Only one analyst covers the stock and has a $4 a share price target on the shares. The stock traded at over $10 a share prior to the financial crisis.

Limelight Networks (NASDAQ:LLNW) offers content delivery services to deliver media files, such as video, music, games, software and related services in North America, Europe, the Middle East, Africa, and the Asia Pacific. Like TheStreet, this is a cash-rich small cap that has traded much higher in the past.

The company has over $110mm in net cash on its books which is more than 50% of its current market capitalization. Limelight recently added to that cash hoard by selling its web content management business for ~$14mm. This should allow the company to better focus on its remaining content delivery network (CDN).

LLNW traded as high as $7 a share as recently as 2011. Although the company is posting losses, it is cash flow positive. I see two possible catalysts that could come to fruition at some point in 2014. First it could initiate a significant dividend given its huge cash hoard. In addition, there has been some M&A in the CDN space recently. Limelight would make a cheap bite size acquisition for a larger player in the space.

Source: 2 Cash-Rich $2 Stocks For The New Year