3 Cash-Rich Stocks to Buy During the Coronavirus Meltdown
The fear created by the outbreak of COVID-19 coronavirus is taking the world by storm, and the specter of a pending recession is looming. While recessions are a natural and expected part of economic systems, they also raise justifiable concerns about the ability of businesses to survive during an extended downturn.
History has shown that companies with strong balance sheets and adequate cash reserves are much better positioned to recover once the economy emerges from the slump. With that in mind, let's look at three stocks that have strong cash balances that will help them survive and even prosper in the days and weeks to come.
Image source: Microsoft.
Source Fool.com
