Like Strong Balance Sheets? These 3 Stocks Are Loaded With Cash
All investors should develop some sort of mental checklist when picking stocks to buy. I personally look for companies with a large and growing addressable market, strong revenue growth, and a business that can scale into more profitability over time. But the bullet point from my investing checklist that I wish to discuss today is cash: I love companies with a strengthening cash position.
A significant cash position is something that can be found easily using a stock screener. That's how Riskified (NYSE: RSKD), 23andMe (NASDAQ: ME), and Poshmark (NASDAQ: POSH) all came across my radar for the purpose of this article. Even though these three stocks are loaded with cash, here's why investors should dig deeper in each case.
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Source Fool.com
