We think Workday (WDAY) stock is worth a look: It is growing, producing cash, and available at a significant valuation discount. Companies like this can use cash to fuel additional revenue growth, or simply pay their shareholders through dividends or buybacks. Either move makes them attractive to the market.

The stock is available at a significant discount to its 3-month, 1-year, and 2-year highs.

WDAY Has Strong Fundamentals

• Cash Yield: Workday offers an impressive cash flow yield of 8.7%.
• Growing: Revenue growth of 13.1% over the last twelve months means that the cash pile is going to grow.
• Valuation Discount: WDAY stock is currently trading at 30% below its 3-month high, 55% below its 1-year high, and 56% below its 2-year…