A Cash-Rich $10 Tech Stock To Pick Up Now
By Bret Jensen:Although value is much harder to find in the market after this substantial rally, there is still some to be found for investors willing to look. Here is one small-cap equity with substantial cash holdings, low valuations and that is priced significantly under analysts' price targets to consider.Inteliquent (IQNT) - "Inteliquent, Inc. provides intelligent networking to solve interconnection and interoperability issues on a global scale. It offers voice, IP Transit, Ethernet, and hosted service solutions to carriers, service providers, and content management firms based in approximately 80 countries and 6 continents." (Business Description from Yahoo Finance)6 reasons IQNT has significant value at just over $10 a share:
- The company has a solid balance sheet with over $2.50 a share in net cash on its books.
- The median analysts' price target for the five analysts that cover the stock is $15 a share, about 40% over the