Should You Buy Target Stock For Its Cash?

Over the last twelve months, Target (TGT) generated free cash flow equal to 6.4% of its market value, against 4.4% for the median S&P 500 company. A cash yield sitting that far above the median signals one of two things: a fundamentally sound business priced cheaply, or a company investors expect to shrink. So what are you actually getting when you buy Target for its cash.