US corporations have never been richer, a true dichotomy when compared to the general population. Due to productivity gains, corporations do not need to ramp up on employment in order to maximize profits. As such, employment in the US remains stagnant, while cash on hand for our best corporations reaches new heights.
The poster child for cash on hand is AAPL, with their absurd $150 billion in reserves. However, there are many names out there with fantastic balance sheets that are often overlooked.
Using a net cash per share/price ratio inside The PPT, cross referenced with a bunch of other stuff, here are a few that caught my attention.
NTAP
NVDA
MRVL
APOL
KLIC
TIVO
UTEK
AVX
VSH
QLGC
PKE
SWIR
CRAY
Usually stocks with huge cash positions are bogged down, impaired somehow, like MODN. Most of the names above haven’t performed very well, but present an interesting opportunity for activist shareholders or leverage buyout firms. Naturally, they’d want to get their hands on the cash in the form of a special dividend.
Food for thought.
The market looks weak and I am simply a spectator today.
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Didn’t get a chance to say Happy 6th in the previous thread as I went out for a bike ride (before the rain later).
I have always enjoyed the creativity of your writing as well as the style.
Labor participation is at a 35 year low and millions have given up and dropped out of the labor market (5 more years and there will be more drop outs than workers at this rate).
On my bike rides during the week I have gotten to know some of these people and it is indeed sad.
meanwhile college grads looking for jobs are burdened with student loans at anywhere from 6-9% and only finding part time or entry level work…its rather sad.
It’s not sad. People need to wake up to the new realities. Get a degree in something that complies with the 21st century.
I dont feel bad for them one bit either…. I’m 27 and the same ppl complaining about not finding a job were the ones that didnt take college seriously in the first place and just went after “the easy degree”…. you reap what you sow.
More than likely they aren’t preparing for the job search and interview process properly either, half assing it with that “easy degree” and feel entitled to a job too.
Very true about getting the “right” major but sometimes one never knows.
For example, I thought nursing, physician assistants, etc. would always be in demand and yet they are now getting laid off from what I read (in great part due to Obamacare- hundreds of millions $$ shifted out of Medicare -another Obama lie from a couple of years ago.
People over 50+ who lost their jobs are having difficulty and are overwhelming SS with disability claims and retiring early at 62 and collecting SS.
point was that they are swamped with debt – guess I shouldnt feel bad after reading the above…still seems kinda fucked to have 75-100K in debt for some BS degree nobody seems to respect
True as to graduate students, especially.
Sooo many MBAs and the tons of people who majored in useless undergrad programs who are in Law School and when they get out find not too may jobs for attorneys.
All kinds of new law schools that have opened the last 10 years or so and selling the promised land- suckers.
The Fly is right. Or, move to Florida where there is a merit-based socialised system for sending kids to schools in the State. Socialism at its finest.
Nice screen