Fast Money With Under $10.00 Stock
Three examples of companies with siginifcant levels of cash on hand are Nvidia [NVDA] ($2.98 cash), Corning [GLW] ($2 cash), and Broadcom [BRCM] ($6 cash). I suggests that even if you discount 2009 earnings, this cash takes those already low valuation multiples even lower, making for incredible entry points on the buy side. I feels there are definitely a number of companies who are not burning through their cash positions right now. I believes that Nvidia seems remarkably cheap.
People owning NVDA also tend to own: AAPL AMT AMZN ATHR BEAS CTSH EMC
Two companies with significant cash to burn that Karen Finerman holds are Cisco] and Microsoft [MSFT] that also seem to fit the mold of solid earnings, lots of cash and low valuation (although neither is a $10 stock).
People owning CSCO also tend to own: AAPL AMD DELL GOOG IBM INTC MSFT
I added an energy name to the list in Weatherford (WFT). Huge in cash and recently flirting with the $10 level.
People owning WFT also tend to own: DENN RI RIG VLO BRK-A CHK CX
THA ALL MY FRIEND GOOD LUCK THOSE ARE MY CALL FOR TODAY.
NEW INVESTER SHOULD E-MAIL AT COULD CHAT WITH ME AT HUBELUCO2005@YAHOO MESSAGER ASK ANY QUESTION
