Stock Strategies

10 Cash-Rich Companies With No Debt

Stock quotes in this article:AAPL, GOOG, EBAY 

10 Companies

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1. Apple(AAPL) makes Mac computers, iPod music players, iPhone mobile phones and the iPad tablet. Fiscal third-quarter profit surged 78% to $3.3 billion, or $3.51 a share, as revenue soared 62%. The operating margin stayed at 27%. Apple has $9.8 billion of cash, $15 billion of short-term marketable securities and $22 billion of long-term marketable securities. Its stock trades at a forward earnings multiple of 14, a 12% discount to its peer average. It's costly based on book value and cash flow. Around 94% of analysts following Apple rank its stock "buy." A median target of $340.23 implies 35% of upside.

-- Written by Jake Lynch in Boston.

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