Still, Gilt expects positive operating cash flow by the end of this year, as new CEO Michelle Peluso amps up efforts to streamline operations and grow existing lines of businesses.

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He also likes electronic-products maker Hubbell Inc. (nyse: HUB.b - news - people ), which reported a 39% gain in first-quarter revenue, as well as 20 consecutive quarters of positive operating cash flow.

FORBES: Magazine Article

Beyond high net cash levels, firms making the First Cut have positive earnings and operating cash flow, as well debt levels below the norm for their industry.

FORBES: Ten Cash Per Share Kings

In this week's letter, his sapling of the week is wireless phone company Sprint PCS (nyse: PCS - news - people ), which is showing five consecutive quarters of positive and growing operating cash flow.

FORBES: Magazine Article

Despite historically low levels of natural gas prices, Chesapeake Energy?s operating cash flow has remained positive.

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Fitch said Nokia needs to stabilize revenues and be capable of generating low-single digit non-IFRS operating profit margins and positive pre-dividend free cash flow, if it is to affirm the current rating.

FORBES: Nokia Debt Rating Downgraded To Junk Status Buy Fitch

The stock may be deserving of a higher multiple due to the substantial and growing levels of operating cash flow its business produces, and due to a generally positive growth outlook for its industry over the longer term.

FORBES: Life for Sale

In extreme cases, a company could have consecutive quarters of negative operating cash flow and, in accordance with GAAP, legitimately report positive EPS. In this situation, investors should determine the source of the cash hemorrhage (inventories, receivables, etc.) and whether this situation is a short-term issue or long-term problem.

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