Ben Graham loved buying cheap stocks full of value. Unfortunately, with the bull market five years old, it’s getting harder to find those cheap stocks Graham would find so dear. Goldman Sachs (GS) equity strategist David Kostin believes the S&P 500 is currently way overvalued; he’s probably right.
Nonetheless, it’s my job to come up with “cheap” stocks — that is, stocks with a low nominal share price — that are also value plays — meaning they’re trading at a low P/E multiple. I’m limiting my field to stocks trading for less than 10 — it won’t be easy, but here goes.