Barron's ran a piece today [subscription] on an interesting list that has some history. Back when I was at the hedge fund, we found a list of interesting stocks produced by boutique investment firm, B. Riley. This list, called Cash Rich Technology Stocks (CRTS), was a favorite among value investors in the technology sector. According to Barron's, this list screens for tech stocks trading at or near net cash per share. More specifically, the CRTS looks for stocks where:
- Net cash for all the companies considered was at least 35% of market cap.
- Riley eliminated companies with market caps under $40 million or high cash-burn rates.
- They crossed off those its analysts believed to have business models with little chance of success.

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