Seek Out the Cheap and Unloved

After an adventurous move from Maryland to Florida, I am finally ensconced in my office with palm trees in my yard. One of the more interesting occurrences when moving is that sometimes you find things you did not know you still had. I opened a briefcase and found an old edition of the Astute Investor Statistical Service. The service gave little commentary and contained just lists of stocks that traded below book value and had high earnings yields. One section called book16s was a list of stocks trading below book value with an earning yield over 16%.

This edition was from June of 2009 -- just after the market had bottomed and was beginning its spectacular climb up a wall of monetary stimulus. While I know most stocks have risen since then, the ones on this list have done so in a spectacular fashion. Among the first 10 names are two 10-baggers and a triple. The list of book 16s has little banks, aircraft leasing companies, REITS and other companies that have recovered amazingly well....418 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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