With profits, Ulta Beauty is repurchasing shares -- it just authorized a $3 billion buyback plan in October. And reducing the share count can boost its earnings per share (EPS) at a much faster rate than revenue. In fact, management expects double-digit EPS growth from here.

The world’s most famous value investor is sitting on an enormous cash pile. Warren Buffett’s conglomerate Berkshire Hathaway currently holds more than $325 billion in cash and equivalents, according to the firm’s quarterly financial statements, most of it in U.S. Treasury bills.