Many investors are familiar with the idiom that “cash is king.” Bearish investors can rally when equity markets drop. You can store cash in safe places until the stock markets recover.
The presentation does not attempt to invalidate this traditional advice. The presentation encourages you to think about this topic differently. Investors will find it a reminder that money is possible in all markets. If equity prices fall, investors must be more focussed. The role of cash is crucial.
Investors need to look for balance sheets with large cash reserves and strong financial statements. These companies can manage their debt and have access to large amounts of cash. This allows them to grow shareholder value via stock buybacks or, for income investors by growing dividends.
This list contains seven stocks that are cash-rich to make sure investors feel confident in all markets.