Follow the Money: 5 Extremely Cash-Rich Stocks

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Apple Store
By Bristol Voss

Now that earnings season is winding down, we can direct our attention back to the other measures of a company's worth. My favorite is cash -- a lot of cash on hand, so much so that all debts could be wiped out in an instant. Perhaps that is wishful thinking.

To me, cash is actual in-the-bank cash plus short-term liquid investments. Money isn't my only bias. I like to see free cash flow greater than total debt. Plus, I'm very fond of earnings per share. I like EPS to grow because I see no reason not to have it all.

However, I decided not to penalize the group that had steady, but not growing, EPS, and have listed them below.

Please note that perfectly good companies have not made this list because of my many biases. But it's interesting that of all the major stocks traded, I could only definitively identify five companies that met my criteria. Two are listed on the NYSE, and three are listed on the Nasdaq.

AAPL Cash and ST Investments Chart

Also note that I primarily used YCharts to screen the stocks. To be safe, I cross-checked the numbers with the Yahoo Finance Stock Screener. In most cases, these numbers were in the same ballpark, give or take a few hundred million.
However, in two cases -- Qualcomm (QCOM) and eBay (EBAY) -- the figures were billions of dollars apart. I left them out for now while I'm doing more investigation into this discrepancy. When I looked at the SEC documents, it was not clear how either Yahoo or YCharts came to their otherwise precise (to three decimal points) totals. Clearly I'm missing something.

One thing that became obvious was the peril of relying on a single (or perhaps any) Stock Screener, which will be addressed in the future.

Here are the five stocks that have the cash and, to all appearances, the wherewithal to spend it wisely. The first three are my A Team: They have all the right numbers, including positive EPS growth. The last two are the B Team, which have zero EPS growth, but otherwise met my criteria.
(The stock prices listed are as of approximately 11:45 a.m. EDT, Aug. 6.)



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Bristol Voss holds no positions in stocks mentioned.


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16 Comments

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j6dl

westport ( wprt)

October 05 2012 at 8:34 AM Report abuse rate up rate down Reply
PipsToday

Cash rich stocks listed in your list are good but there are some more companies missing. I have some share of Apple and Microsoft. I made good profit after launch of iPhone 5 but still awaiting something like this from Microsoft.

September 25 2012 at 1:55 AM Report abuse rate up rate down Reply
PipsToday

Cash rich stocks listed in your list are good but there are some more companies missing. I have some share of Apple and Microsoft. I made good profit after launch of iPhone 5 but still awaiting something like this from Microsoft.

September 25 2012 at 1:54 AM Report abuse rate up rate down Reply
Sam Dixon

Aurvista's Douay property, situated in mining friendly Quebec, is advancing one of the largest undeveloped gold projects in the province. http://aurvistagold.com/dev/pdf/factsheet.pdf
___________________
www.aurvistagold.com/transparency.html

September 17 2012 at 1:59 PM Report abuse rate up rate down Reply
pdbliz

CHECK OUT WASHINGTON,,,,THERE ARE AS MANY ,,,,1% DEMOCRATES AS 1% REPUBLICANS,!!!!!

BUT,,THIS IS COVERED UP.!!!!!

August 09 2012 at 3:21 PM Report abuse rate up rate down Reply
1 reply to pdbliz's comment
jwallstrom

Its just not covered by similarly 1% media types.

August 10 2012 at 10:55 AM Report abuse rate up rate down Reply
pdbliz

Check Old Ugly Nanncys stocks,,,checl old Ugler Harry Reeds stock,,,,,,,,,,,check,,,BIG LIPS,,,BARNEY FRANKS,,,,,, THEY ARE THE 1% ALSO,,,,,,,AND,,DEMOCRATES.!!!!!!!! BUT,,NO ONE HAS DEMOSTRATED AT THERE HOUSE.........WHY IS THAT.??????/

August 09 2012 at 3:20 PM Report abuse rate up rate down Reply
mily469

yes! who do i send my cash to?

August 09 2012 at 12:04 PM Report abuse rate up rate down Reply
Trudy Marie

Who the hell can afford APPLE stock now? You have to BE RICH to BECOME RICHER....duhhhhhhhhh!

August 08 2012 at 6:21 PM Report abuse +1 rate up rate down Reply
3 replies to Trudy Marie's comment
Setanta

FOLLOW THE BS :
how long would obummer last IF HE WERE WHITE ?
.........listening to gov paterson's show,and the topic was about obummer's lack of documentation etc etc and OF COURSE when the calls came in from east ny bklyn,harlem etc callers were indignant with paterson that he let the guest get away with THIS--
now again---IF OBUMMER WERE WHITE,how long would THEY...and THE LEFT out UP WITH HIM ?
no transcripts,no proof of anything,social security numberS,multiple names/alias etc-
~~~~~~~~~~~~~~~

August 08 2012 at 5:23 PM Report abuse -2 rate up rate down Reply
1 reply to Setanta's comment
pdbliz

100% TRUTH.......HE,,,OBAMA KNOWS WHAT HE CAN SAY,,,BECAUSE,,,,OBAMA IS BLACK,!!!!

August 09 2012 at 3:18 PM Report abuse rate up rate down Reply