Few business make better investments than those that spew free cash flow like a fire hose spewing water.

Of course, it is even better if those cash spewing businesses are growing their revenue at a rapid rate. That means they should be able to spew even more free cash flow going forward.

And it is best of all if the stocks of these cash spewing, revenue growing businesses are being offered at very reasonable prices in the market. That gives us the opportunity to enjoy an increasing valuation, on increasing cash flows – the “double play” effect put so successfully to use by Shelby Davis to turn $50k into $900 million dollars!

The fact is, there are plenty of these stocks available right now on the market! I was able to quickly find dozens, 3 of which I want to tell you about today!

1) Ambarella (AMBA):

3 Year Average Revenue Growth: 31.1% (85th percentile of market)

Cash Return on Capital: 166.3% (98th percentile)

Free Cash Flow Yield: 9.3% (79th percentile)

Those numbers are not a lie… Ambarella is a ridiculously profitable and efficient company. The firm makes system-on-chip (SOC) modules for high definition video applications, both for capture and playback. The firm’s high 9.3% free cash flow yield is due to the market tying this stock tightly to GoPro’s (GPRO) action sports cameras, which have had a rough couple of quarters due to inventory and pricing mis-steps (and, perhaps, market saturation).

While this is a concern, as GoPro was 30% of Ambarella’s business last year, analysts are still forecasting almost 12% revenue growth next year, as other markets like IP security cameras, police body cameras (AMBA supplies Taser’s (TASR) product), drones, and several others ramp up. Long-term, AMBA looks attractive due to numerous long-tail applications, including virtual reality and dashboard cameras. High def video will almost certainly play a huge role in any technologies of the future, and AMBA is set to capitalize on it.