2014 Cash Rich/Debt Free, Profitable Canadian Micro to Mid-Cap Report

Description

In the wake of the 2008 credit crisis that froze capital, cash in hand became king. With Western economies awash in debt, both public and private, the great deleveraging had begun. Cash has been king and this year, we continue to believe in the reign of the balance sheet. Companies with strong balance sheets including zero or manageable debt, solid cash positions, good working capital, and good cash generation garner the most attention. This attention can come from good to premium multiples (creating share price gains) or, in the case of 7 of the companies in the 2012 report and 6 companies from the 2013 report, premium takeover bids. Both lead to superior returns for investors.