Cheap Stocks in Einhorn's Basket

As part of our work researching investment strategies, we track quarterly 13F filings from hundreds of hedge funds -- and we have found, for example, that the most popular small-caps among hedge funds annually outperform the S&P 500 by 18 percentage points on average. We can also screen top managers' picks for stocks that, say, satisfy the traditional value criteria of low earnings multiples.

With that in mind, let's go take at the five cheapest large holdings in Greenlight Capital, run by billionaire David Einhorn -- one of the most closely followed hedge-fund managers in the world. More specifically, these are Greenlight's largest positions as of the end of March that sport trailing and forward price-to-earnings ratios of 12x or lower....499 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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