As value investors, we tend to put more emphasis than do others on the balance sheet. But Nate over at Oddball Stocks discovered a potential value investment with no balance sheet! This is because the company requires no capital, and just pays out to shareholders everything it earns. No cash hoards for management, no empire-building, no potentially wasteful acquisitions. The company has fairly steady royalty income, and pays almost a 10% yield at the current stock price! Check out the write-up at Oddball Stocksfor more details…
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