A Cornucopia of Possibilities

A handful of Real Money contributors, including yours truly, had some interesting conversations yesterday. Some of the usual banter about what appears cheap, or what names were getting hammered during the trading day, were temporarily replaced with "Do you deep fry your turkey?", "Have you ever had Turducken? (it's a boneless chicken stuffed into a boneless duck, stuffed into a turkey), and "What kind of stuffing are you having this year?" I learned that one particular member of the Real Money team, one whom you would never suspect, is quite the chef, and will be preparing all parts of the meal himself. What a menu his family will be enjoying this year! Who knew? This is yet another reminder that you can't judge a book by its cover.

But while I'm ignoring visions of the potato bread stuffing I'll be making tomorrow that are dancing through my head, I am on the hunt for some cheap companies. Today, I'm focusing on profitable names that are trading below tangible book value per share. The reason that I prefer tangible book over the more commonly reported book value is that the former excludes goodwill and other intangibles from the calculation. While intangible assets may have value in some situations, my presumption is that they are probably worthless in the type of names that I typically follow....255 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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