A Cash-Rich $10 Tech Stock To Pick Up Now

By Bret Jensen:I recently came across a cash rich tech manufacturer with compelling valuations, good growth prospects and little exposure to Europe; a good trifecta in the current uncertain environment. Analysts think the firm has substantial upside as well.

By Bret Jensen: Digital River (DRIV) got crushed last week due to a poorly received earnings report. The stock sold off some 25% as its report matched expectations on the bottom line, but was $3mm light on revenues and provided poor guidance.

By Bret Jensen: I have found recently that the small cap tech space offers some of the best bargains around for patient long term investors. Myriad firms are offering cheap valuations, good growth prospects and solid balance sheets. This $4 selection meets all three of these criteria.

By Bret Jensen:I recently came across a cheap satellite network solution provider that had a significant sell off recently but looks ripe to rebound. It has a cash rich balance sheet, good growth prospects and a fund just passed the threshold of a 5% ownership level.

By Bret Jensen:After the turmoil of the last couple of months, certain sectors appear to be approaching oversold territory and are starting to offer intrepid investors good long term entry points. Tech stocks, especially outside the mega caps, have had some nice selloffs recently. One stock that looks very cheap and is starting to attract insider buying is LSI Corporation (LSI).

By Bret Jensen:The market had a short-lived rally on Monday as predicted. One stock I noticed that actually finished up for the day is a fast-growing drugmaker that has sold off recently, but which analysts believe can double.

By Bret Jensen:Investing in turnarounds can be a lucrative, but extremely volatile investing strategy. Finding former high-flyers that have hit temporary tough times, but are not value traps can be challenging. I look for possible turnaround stocks by focusing on those companies that have strong balance sheets, are starting to have significant revenue increases (you only can cut costs for so long), and should be printing profits again in the near future.

By Bret Jensen:I recently came across a mining stock that seems to have all the ingredients for long term growth (Growing reserves, a strong balance sheet and compelling valuations).