Value -- It's Not For Everyone

I spent a lot of time last night and this morning thinking about cheap stocks and those of us who buy them. The passing of two of the very best practitioners of value analysis this past week, Walter Schloss and Ed Anderson, reminds me that the pool of cheap-stock buyers is actually shrinking over time. Most of what passes for value is some form of contrarianism or relative value -- real value investing provides too little action and requires too much patience for most people.

With that thought in mind, I sat down this morning and ran screens looking for stocks that remain truly cheap in the current market. As has been the case in recent months, the list is primarily banks, insurance companies and other financial institutions. (You find more names in the micro-cap sector, which is consistent with my thought that deep value investors need to avoid larger companies that are distorted by index and ETF trading.)...491 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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