i cant make it that easy + these companies are a hook for a hotcopper advertiser . lets just say look for an oil company thats near enough to a dollar . check last 1/4ly and look for that magic figure of 307 mill cash . it isnt very difficult
.......... the usual
How to buy $1.35 for $1. This oil producer has been out-of-favour with investors for a year now. But this month it made a very important discovery – it's struck oil in Northern WA . This new find adds to current annual oil production of 1 million barrels.
It's not Australia's biggest producer. But, as of its latest quarterly report, it's backed by a cash balance of $307 million– that's enough money to cover its operating expenses for four years.
The company has just one debt – a long-term convertible note worth $83 million. Get this… even if it paid this debt back today, it would still have a cash-to-share ratio of 135%.
That means you can buy $1.35 for $1, debt-free. But only if you act while the stock is still depressed…
