OMAHA, Neb. (AP) — In a Dec. 6 story about child labor allegations against Packers Sanitation Services Inc., The Associated Press, based on erroneous information provided by the U.S. Department of Labor, misidentified the location of a plant for major poultry producer, George’s Inc., where investigators found at least one underage PSSI worker. It was located in Batesville, Arkansas, not Springdale, Arkansas.
Many investors are familiar with the idiom that “cash is king.” It’s typically a rallying cry for bearish investors when equity markets are in a downturn. The idea is that when stocks are down, cash is a safe place to park your capital until better days arrive.
The purpose of this presentation isn’t to refute this timeless advice, but rather to help you think about it in a different way. We frequently remind investors that there’s money to be made in any market. But when equities are falling, it requires investors to sharpen their focus. And cash plays a role.
Specifically, investors should look for companies that have a strong balance sheet that includes access to a lot of cash. Not only does this mean that these companies can manage their debt, but it also means that they can use that cash to add shareholder value either through stock buybacks or, preferably for income investors, a healthy and growing dividend.
With that in mind, here are seven cash rich stocks that offer investors a level of safety in any market.
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