This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Cash-Rich Companies With No Debt

BOSTON ( TheStreet) -- In turbulent times, cash is king.

Companies with excess reserves can propel earnings and gain market share through mergers and acquisitions. Here are 10 companies with zero debt and ample cash. TheStreet's quantitative model, which rates stocks based on fundamentals, ranks them in the top 1% for financial strength.

10. Fastenal (FAST) sells industrial supplies.

Quarter: First-quarter profit increased 15% to $56 million, or 38 cents a share, as revenue grew 6.4% to $521 million. The operating margin inched up from 16% to 17%. Fastenal boasts a net cash position of $203 million, equal to a quick ratio of 2.9.

Stock: Fastenal has increased 41% in the past year, outperforming U.S. indices. It trades at a price-to-projected-earnings ratio of 23 and a price-to-sales ratio of 3.7, 28% and 84% premiums to peer averages. It's also expensive based on book value.

Consensus: Of analysts covering Fastenal, five, or 50%, advise purchasing its shares, four recommend holding and one suggests selling them. Piper Jaffray (PJC) forecasts that the stock will gain 25% to $63. Robert W. Baird expects it to hit $62.
1 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.30 -0.92%
BBBY $45.76 -0.67%
CTSH $57.54 -0.19%
GOOG $695.81 0.50%
PNRA $214.51 1.30%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs