7 Cash-Rich Stocks to Buy Now

Companies loaded with the green stuff can provide smoother sailing in a turbulent global economy.

In times of economic and market turmoil, having a chunk of cash in the bank gives comfort. It’s the same for companies: A hefty cash cushion can provide security and financial flexibility when business slows or markets suffer an unexpected shock. And in good times, cash can fund expansion or acquisitions if a company prefers to avoid taking on debt or issuing more shares.

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Tom Petruno
Contributing Writer, Kiplinger's Personal Finance
Petruno, a former financial columnist for the Los Angeles Times, is an independent investor, writer and consultant. He lives in L.A.