Stocks traded below cash
- Posted by Ivanhoff
- on August 21st, 2009
In November 0f 2008, there were over 300 stocks that traded below cash. Today this number is significantly lower. If a stock has a current Price/Cash ratio of under one, it means that the value of its high liquid assets is higher than its current market cap.
Some say that tha market is a discounting mechanism that tries to look 6 months ahead and therefore companies that are traded below cash are at that level for a reason. While this is a valid opinion and I respect the actions of the market, I can’t help but look for underappreciated stocks with potential for future price growth:
I scanned for stocks with P/C < 1 and EPS > 0
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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My name is Ivan Hoff. I am a stock trader. I manage Stocktwits 50, Stocktwits Email and was featured in The Stocktwits Edge, which I edited. (More) -
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