OK here's another. FRD. It's had a pretty good drop and cut the dividend. Oversold? P/E is 8 with price to sales at .20 and price to book at .88 and a div yld around 4%. Time to buy? 

You raise valid points and the reason I believe it has traded down. If we see the margins begin to improve maybe a buy then. I own a small amount to keep an eye on it. Competition from China could be a problem as well though I don't know a lot about that part of it. You also mention the magic word "catalyst." While I always check number first I'm also always looking for a catalyst. Something that could drive it higher.

 On my earlier post concerning OB and WTM. WTM actually owns about 72% of OB. I;ve wondered if that big dividend isn't just a payoff to them. Insurance would seem to be a tough place to invest though the OB dividend is pretty good compared to peers

Headwaters, Inc., (HW) is a very appealing stock to me from a value perspective. Its foward  PE is 8.7 and that is discounting its construction materials business. Traded as high as 25 in 2007.

Hi All - for the record, I'm a newbie. 

I'm eyeing BAC - it hit it's 52 week low.  I think it's acquisition of Countrywide will ultimately prove to be a positive move and the stock recover nicely.  It's probably a 3 yr turnaround.  What do you guys think? 

When responding, please include your reasoning as well as what I should be looking to better determine if a stock is an actual value.  Thanks. 

Thank for replying, SandiG.  I'll look into those.