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Financial leverage will always be a double-edged sword. When economic times are great leverage can help “maximize” top line numbers and everybody’s popping champagne. Still, when things sour it has the exact opposite affect. In uncertain times like these companies that keep a lower level of leverage at face value are less likely to report extreme swings during earnings season.

Revenue Growth by percentage (TTM) is an indicator that gives investors an idea of how well the firm is performing in the recently past economic environment. Given the current market speculation this isn’t an indicator that should be overlooked.

We ran a screen for companies that are currently operating with a low degree of leverage (X<2). Next, we decided to screen for companies that had strong top line growth in this tough economic environment (X>20). We did not screen out any sectors or industries.

The list is ranked from lowest to highest financial leverage.

1. Momenta Pharmaceuticals, Inc. (NASDAQ: MNTA)

Sector

Healthcare

Industry

Biotechnology

Market Cap

$ 807M

Beta

1.27

Analyst Sentiment

5/8 – List Buy/ Outperform (Bullish)

The company focuses on the development & discovery of generic, biosimilar versions of complex drugs, and more. The firm’s 1-year revenue growth (TTM) is 476.68%. The firm’s financial leverage is 1.05.

Short Interest Note:

The short interest for the firm is 16.10% % as of 07/15/2011. Given the short number this company may be a short favorite or potentially a great short squeeze.

2. Myriad Genetics, Inc. (NASDAQ: MYGN)

Sector

Healthcare

Industry

Diagnostics & Research

Market Cap

$ 1,627M

Beta

0.16

Analyst Sentiment

13/23 – List Hold/ Neutral (Neutral)

The company develops and sells molecular diagnostic products. The firm’s 1-year revenue growth (TTM) is 11.06%. The firm’s financial leverage is 1.06.

Short Interest Note:

The short interest for the firm is 6.90%% as of 07/15/2011.

3. Akamai Technologies, Inc. (NASDAQ: AKAM)

Sector

Technology

Industry

Software - Application

Market Cap

$ 3,916M

Beta

0.42

Analyst Sentiment

13/25– List Buy/ Outperform (Bullish)

The company offers acceleration & delivery improvement services of applications & content over the Internet. The firm’s 1-year revenue growth (TTM) is 11.06%. The firm’s financial leverage is 1.07.

Short Interest Note:

The short interest for the firm is 4.40% as of 07/15/2011.

4. Intrepid Potash, Inc. (NYSE: IPI)

Sector

Basic Materials

Industry

Agricultural Inputs

Market Cap

$ 2,058M

Beta

1.53

Analyst Sentiment

9/13 – List Buy/Outperform (Bullish)

The company is a produce of Potash. The firm’s 1-year revenue growth (TTM) is 19.05 %. The firm’s financial leverage is 1.07.

Short Interest Note:

The short interest for the firm is 12.70% as of 07/15/2011. Given the short number this company may be a short favorite or potentially a great short squeeze.

5. Cree, Inc. (NASDAQ: CREE)

Sector

Technology

Industry

Semiconductors

Market Cap

$ 3,228M

Beta

0.90

Analyst Sentiment

12/24 – List Buy/Outperform (Neutral)

The company develops and manufactures semiconductor materials and electronic devices. The firm’s 1-year revenue growth (TTM) is 52.89%. The firm’s financial leverage is 1.08.

Short Interest Note:

The short interest for the firm is 17.30% as of 07/15/2011. Given the short number this company may be a short favorite or potentially a great short squeeze.

6. Pacific Airport Group (NYSE: PAC)

Sector

Industrials

Industry

Airports & Air Services

Market Cap

$ 2,092M

Beta

1.20

Analyst Sentiment

3/6 – List Hold/ Neutral (Neutral)

The company develops, manages, & operates airport facilities primarily in Mexico. The firm’s 1-year revenue growth (TTM) is 33.91%. The firm’s financial leverage is 1.08.

Short Interest Note:
NA

7. Kinder Morgan Management LLC (NYSE: KMR)

Sector

Energy

Industry

Oil & Gas Midstream

Market Cap

$ 5,643M

Beta

2.18

Analyst Sentiment

4/8 – List Hold/ Neutral (Neutral)

The company manages and control the business affairs for Kinder Morgan Energy Partners, L.P. & is a limited partner of the referenced LP. The firm’s 1-year revenue growth (TTM) is 31.02%. The firm’s financial leverage is 1.09.

Short Interest Note:
The short interest for the firm is 3.00% as of 07/15/2011.

8. MarketAxess Holdings, Inc. (NASDAQ: MKTX)

Sector

Capital Markets

Industry

Financial Services

Market Cap

$ 892M

Beta

1.06

Analyst Sentiment

3/5 – List Hold / Neutral (Neutral)

The Company manages a platform for electronic trading for various fixed-income securities. The firm’s 1-year revenue growth (TTM) is 27.78%. The firm’s financial leverage is 1.10.

Short Interest Note:
The short interest for the firm is 3.30% % as of 07/15/2011.

9. Thoratec Laboratories Corporate, (NASDAQ: THOR)

Sector

Healthcare

Industry

Medical Devices

Market Cap

$ 1,891M

Beta

0.83

Analyst Sentiment

12/22 – List Buy / Outperform (Bullish)

The Company manufactures and sells medical devices. The firm’s 1-year revenue growth (TTM) is 36.79%. The firm’s financial leverage is 1.10.

Short Interest Note:
The short interest for the firm is 7.80% as of 07/15/2011.

10. Form Factor (NASDAQ: FORM)

Sector

Technology

Industry

Semiconductors

Market Cap

$ 418M

Beta

1.11

Analyst Sentiment

2/4 – List Hold / Neutral (Neutral)

The Company develops & sells high performance semiconductor wafer probe cards. The firm’s 1-year revenue growth (TTM) is 39.33%. The firm’s financial leverage is 1.11.

Short Interest Note:
The short interest for the firm is 10.90% as of 07/15/2011.

We hope this help as investors due homework on firms that are trying to grow the top line without depending heavily on financial leverage. Given the short number this company may be a short favorite or potentially a great short squeeze.

Source: 10 Low Leverage Companies That Are Posting Strong Growth