Barron's Cheap Losers For A Market Revival
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Date updated:10-18-2008

If you have the courage to call this epochal bear market's bottom, you might want to know which stocks bounce quickest in an upturn. You might consider some "cheap losers." This is Joe Mezrich's term for stocks selling at a cheap price-to-book-value ratio and a recently crushed stock price.

symbol name last price % change open
  • +
  • CDNS
    Cadence Design Sy
  • $6.09
  • +1.16%
  • $5.97

Wall Street has turned its back on stocks like Affymetrix (AFFX) or Cadence Design Systems (CDNS), two suppliers of essential technology tools whose end users have been belt-tightening. San Jose, Calif.-based Cadence is in turmoil following Wednesday's departure of its chief executive and four lieutenants after their failed bid for rival Mentor Graphics and an unwise sales strategy for Cadence's software-which semiconductor firms use to design new chips. Nevertheless, Cadence is an entrenched leader whose fortunes would rise after a management turnaround and a chip-industry recovery.

People owning CDNS also tend to own: AAPLMRVLAMDTIVOWDCIOCKOSN

TheStreet.com Rating: D- What is this?

  • +
  • AFFX
    Affymetrix
  • $4.84
  • +0.83%
  • $4.85

As for Affymetrix, the Santa Clara, Calif., company is also cutting costs after announcing Tuesday that it missed September-quarter sales forecasts -- its second quarterly whiff. Shares of the genomics supplier now go for less than half of the company's $9 per share in cash, and less than twice free cash flow. Yet Affymetrix pioneered the manufacture of the "gene chips" used by medical researchers to measure activity levels of genes implicated in diseases and their treatments. Its shares now offer a cheap bet on the adoption of gene chips by doctors seeking to predict which drugs work best on a patient's cancer.

People owning AFFX also tend to own: CAWCHKEMYLVCLKVLOCREEJLG

TheStreet.com Rating: D What is this?

  • +
  • BRKS
    Brooks Automation
  • $7.48
  • -0.66%
  • $7.50

Restructuring, too, are Brooks Automation (BRKS)the semiconductor-factory supplier, and Spherion (SFN) a white-collar staffing company that's digesting several acquisitions.

People owning BRKS also tend to own: DENNJBSSJRCCMGAMPBYAVTFCN

TheStreet.com Rating: D What is this?

  • +
  • BGG
    Briggs Stratton
  • $19.00
  • +0.42%
  • $18.74

Briggs & Stratton (BGG), the small-engine maker, is moving manufacturing to China in an effort to widen its profit margins.

People owning BGG also tend to own: AAPLBLDLBGSHDMEGOSG

TheStreet.com Rating: C+ What is this?

  • +
  • PENX
    Penford Corporati
  • $8.98
  • +1.47%
  • $8.75

Other cheap losers are Penford (PENX), whose industrial-starch factory is coming back on line after the June floods of Cedar Rapids, Iowa, and Griffon Corp. (GFF), a supplier of garage doors, aircraft electronics and plastic film whose shares have attracted the interest of Goldman Sachs and Barron's Roundtable member Mario Gabelli.

People owning PENX also tend to own: ACAPAIRMAZZBPHXBTJCALMDLLR

TheStreet.com Rating: D What is this?

  • +
  • GFF
    Griffon Cp
  • $10.20
  • +12.71%
  • $9.25

Other cheap losers are Penford (PENX), whose industrial-starch factory is coming back on line after the June floods of Cedar Rapids, Iowa, and Griffon Corp. (GFF), a supplier of garage doors, aircraft electronics and plastic film whose shares have attracted the interest of Goldman Sachs and Barron's Roundtable member Mario Gabelli.

People owning GFF also tend to own: CTOCVGDDSFSCIKHDHLANCM

TheStreet.com Rating: C What is this?

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A. Here's another one:
http://seekingalpha.com/article/173986-s
hipping-three-high-risk-high-reward-opti
ons

Also, DSX, for instance moved up after
hours.

It might depend on your timeframe. The
related indexes appear to be trending
up. (this is not a recommendation).

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