Investors have walked all over Mohawk as the economy has soured. But the stock, now 75, could rally to 110 to 120 once the housing market -- and earnings -- start to rebound.

At about 75, FMC's stock is discounting 20%-plus growth -- optimistic even in today's hot oil market. A more compelling entry point is 66.

With shares at about 38, the company's enterprise value is roughly 5.6 times the $266 million Imperial Capital expects it to earn before interests, taxes, depreciation and amortization for fiscal 2009. That compares to the 6.6 times multiple for towing and supply companies and 7.6 times multiple for sub sea services, and Imperial Capital analyst Randy Laufman argues that Trico "deserves a higher multiple given it is now primarily a sub sea-services company." His price target: 52.

While Herbalife (HLF) is hardly expensive at around 11 times this year's consensus earnings estimates of $3.54 a share, don't expect the stock to rebound soon. The latest allegations, which cite tests of Herbalife's products, were made by the Fraud Discovery Institute on its Website. The institute says the amount of lead contained in the dosages exceeded levels allowed by California law, and urged California to force Herbalife to put warnings on its labels. The institute was founded by Barry Minkow, a former felon who now works to uncover fraud; recently, his investigators found Herbalife's president lied about having an M.B.A. A Minkow probe into Usana Health Sciences (USNA) last year triggered a regulatory investigation. Herbalife says it has "confidence" in the safety of its products, and that the products fall within the FDA's guidelines. Further declines in the stock price were arrested by Herbalife's announcement of increased stock buybacks. To Karen Howland of Lehman Brothers, the stock already reflects "a very negative scenario" with flat North American sales and growth of just 10% in South America. Still, "it's also easy to see the stock sitting around 40 for the next quarter until the company proves it's not slowing," she says. Howland, who rates the stock Overweight, doesn't expect a snapback this week unless Herbalife "comes out with very positive news." Minkow says he's now testing whether Herbalife's competitors contain similar amounts of lead.

EOG Resources (EOG), for example, is up 38%, Whiting Petroleum (WLL) has rallied 63%, Brigham Exploration (BEXP) has gained 80% and Continental Resources has surged 142%. Readers who bought these stocks in February might consider taking profits on half their positions to cover their original costs, which would still leave them with substantial exposure.

EOG Resources (EOG), for example, is up 38%, Whiting Petroleum (WLL) has rallied 63%, Brigham Exploration (BEXP) has gained 80% and Continental Resources has surged 142%. Readers who bought these stocks in February might consider taking profits on half their positions to cover their original costs, which would still leave them with substantial exposure.

Meanwhile, bulls who insist on crowding the Bakken belatedly might be better off focusing on Continental, Brigham and Northern Oil & Gas (NOG), whose market value back in February was too small for inclusion in this column. These, Morehead suggests, have the most exposure to the Bakken and have the most to gain if reserves there prove even more bountiful than hoped.

Meanwhile, bulls who insist on crowding the Bakken belatedly might be better off focusing on Continental, Brigham and Northern Oil & Gas (NOG), whose market value back in February was too small for inclusion in this column. These, Morehead suggests, have the most exposure to the Bakken and have the most to gain if reserves there prove even more bountiful than hoped.