Shares of semiconductor equipment maker ASML are the cheapest in its group and could easily double as the economy recovers. Investors, however, will have to be patient.

Gaylord has an enviable franchise, and its stock looks due for a big rebound. Even after a recent pop, one analyst reckons, it's trading about 80% below the value of its businesses.

Cohen looked at the 10 largest service providers ranked by revenue, and found trouble ahead. While Verizon Communications (VZ) and AT&T (T) appear well-funded, some European carriers have substantial debt coming due -- and lack the cash to pay it.

Cohen looked at the 10 largest service providers ranked by revenue, and found trouble ahead. While Verizon Communications (VZ) and AT&T (T) appear well-funded, some European carriers have substantial debt coming due -- and lack the cash to pay it.

The U.K.'s Vodafone (VOD) has just $1.1 billion in cash, but $4.5 billion in debt maturing next year and another $3.4 billion due in 2010.

France Telecom (FTE), which has $6.6 billion in cash, has $5.6 billion in debt due next year, $4.2 billion due in 2010 and another $5.5 billion maturing in 2011.

Spain's Telefónica (TEF) appears cash-rich, with $9.6 billion in the bank, but it faces $4.6 billion in maturing debt next year, $6.9 billion in 2010, and a whopping $13.1 billion in 2011

There are similar issues at BT Group (BT), parent of British Telecom, and Telecom Italia (TI).