Two Cheap Retailers Worth Owning

Here are two cheap retailers that fill three requirements, they have a large amount of cash,
little or no debt and have sold off significantly the last year.<!----> Can
they get cheaper? Sure, but as a former co worker of mine used to say,
"you got to own something."

The first up is Charlotte Russe
Holding, Inc. (CHIC) - it has $125 million in cash, or about $5.00 per
share, as of 3/29/08. After the quarter ended, CHIC bought back 16% of
its shares for $73.4 million. This reduced its cash balance to $52
million, still a nice nest egg, and no debt. The stock has lost about half its value over the last year, and is at $17.87.