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3 Cash-Rich Stocks to Buy Now

Solid cash positions make these growth stocks compelling values

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Cash is indeed king.

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When seeking out stocks to buy, there’s nothing I like to see more on a company’s financials (other than EPS growth) than more cash than long-term debt on the balance sheet.

Cash allows a company to survive the bad times. It allows the company to reinvest in its business. It is the engine that drives growth.

And most of all, it can provide shareholders with dividends.

Companies have been shoring up their balance sheets with reckless abandon since the financial crisis. In addition to wanting to remain solvent, they also see a weak economy and a lot of uncertainty.

So, let’s take a look at three cash-rich stocks to buy now, how they got there and what they might do with the money.

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