No Debt Means What?

These companies have little to no debt:

1. Novell (NOVL)
2. Expeditors International (EXPD)
3. Autodesk (ADSK)
4. Cognizant Tech (CTSH)
5. Bed Bath & Beyond (BBBY)
6. Electronic Arts (ERTS)
7. Broadcom (BRCM)
8. Juniper Networks (JNPR)
9. GAP Inc. (GPS)
10. Texas Instruments (TXN)
11. Celgene (CELG)
12. Forest Labs (FRX)
13. eBay (EBAY)
14. Apple (AAPL)
15. Google (GOOG)

Now that you know that piece of fundamental trivia — what do you do trade wise?

6 thoughts on “No Debt Means What?

  1. Like Happy Gilmore says, “Gold jacket, green jacket…who gives a sh**.” Stick to the system, boys.

  2. “Now that you know that piece of fundamental trivia…”

    Are you really sure that you know this? CWTR was getting a premium from the market for being debt free when it actually had debt of 40% of capitalization. When the word got out that it was booking debt payments as lease payments and holding the debt off the balance sheet, the premium dissolved and investors relying on the balance sheet fundamentals lost a large part of their investment.

    http://www.marketwatch.com/story/coldwater-creek-will-continue-to-flow-downhill (look for heading: Lease encumbrances)

    As Will Rogers said, “It isn’t what we don’t know that gives us trouble, it’s what we know that ain’t so.”

  3. BTW the above was somehow considered legal because they “disclosed” what they were doing in the footnotes.

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