In a story titled 5 Cash-Rich Companies Being Given Away Motley Fool writer Morgan Housel says Volcom may be one of the stocks that Warren Buffet refers to as “a one-foot bar I can step over.”
Is retail dead yet? As a whole, perhaps, but that doesn’t mean there aren’t some stores that stand out from the pack. Volcom might be one of them. While other apparel veterans like Quiksilver (NYSE: ZQK) and retailers like Macy’s (NYSE: M) are saddled with long-term debt, Volcom has kept its balance sheet spotless. . . . But with a bulletproof balance sheet and a well-known, powerful brand name, the main catalysts that typically shove recession-prone industries into the graveyard are nowhere to be seen with Volcom.
Apparently, being a millionaire is that easy.
[Link: The Motley Fool]
