A cash-heavy balance sheet is often a sign of strength, but not always. Some companies avoid debt because they have weak business models, limited expansion opportunities, or inconsistent cash flow.

Just because a business has cash doesn’t mean it’s a good investment. Luckily, StockStory is here to help you separate the winners from the losers. That said, here is one company with a net cash position that balances growth with stability and two that may struggle.

Two Stocks to Sell:

Lindsay (LNN)

Net Cash Position: $71.16 million (6.1% of Market Cap)

A pioneer in the field of center pivot and lateral move irrigation, Lindsay (NYSE: LNN) provides a variety of proprietary water management and road infrastructure products and services.

Why Does LNN Give Us Pause?

1. Products and services are facing end-market challenges during this cycle, as seen in its flat sales over the last two years
2. Falling earnings per share over the last two years has some investors worried as stock prices ultimately follow EPS over the long term
3. Eroding returns on capital suggest its historical profit centers are aging

Lindsay’s stock price of $112.05 implies a valuation ratio of 17.7x forward P/E. Check out our free in-depth research report to learn more about why LNN doesn’t pass our bar.

Ameris Bancorp (ABCB)

Net Cash Position: $335.5 million (5.9% of Market Cap)

Tracing its roots back to 1971 and expanding significantly through both organic growth and strategic acquisitions, Ameris Bancorp (NYSE: ABCB) is a financial holding company that provides a full range of banking services to retail and commercial customers across select markets in the southeastern United States.

Why Are We Hesitant About ABCB?

1. Annual net interest income growth of 8% over the last five years was below our standards for the banking sector
2. Projected net interest income growth of 6.5% for the next 12 months suggests sluggish demand
3. Earnings growth over the last five years fell short of the peer group average as its EPS only increased by 6.7% annually

Ameris Bancorp is trading at $83.57 per share, or 1.3x forward P/B. If you’re considering ABCB for your portfolio, see our FREE research report to learn more.

One Stock to Watch:

Coinbase (COIN)

Net Cash Position: $10.1 billion (22.6% of Market Cap)

Widely regarded as the face of crypto, Coinbase (NASDAQ: COIN) is a blockchain infrastructure company updating the financial system with its trading, staking, stablecoin, and other payment solutions.

Why Do We Watch COIN?

1. Remarkable 52% revenue growth over the last two years demonstrates its ability to capture significant market share
2. Platform is difficult to replicate at scale and results in a best-in-class gross margin of 86%
3. COIN is a free cash flow machine with the flexibility to invest in growth initiatives or return capital to shareholders

At $168.96 per share, Coinbase trades at 15.3x forward EV/EBITDA. Is now the time to initiate a position? See for yourself in our comprehensive research report, it’s free.

Stocks We Like Even More

ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren't just high-quality businesses. Something is happening with them right now. Elite fundamentals meeting near-term momentum — both boxes checked at the same time.

Find out which stocks our AI platform is flagging this week. See this week's Strong Momentum stocks — FREE. Get Our Strong Momentum Stocks for Free HERE.

Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.