Tyco Electronics trades around 28, or 30% below its all-time high. One fan sees more than 50% upside in the next 18 months, and expects the stock to sell in the high-40s.

Berkley's shares, now 25, could rally sharply next year, reaching the low- to mid-30s on signs the property and casualty market is starting to firm. The company trades just 1.25 times book.

Starbucks' stock could rally 20% to 30% from a recent 15 as revenue rises, costs fall and profits resume their trajectory.

Goldman Sachs analyst William Tanona projects JPMorgan Chase will earn $3.95 next year, up from his previous estimate of $3.45. But in a note dated Friday, Tanona lowered his third-quarter and 2008 estimates, citing the "the more challenging current environment." JPMorgan Chase's shares do look reasonably priced. They fetch about 1.1 times book value, well below their five-year average of 1.4, says Tanona.

Banks with big deposit bases and stable franchises -- like JPMorgan Chase, Wells Fargo and Bank of America -- seem like the best bet for investors as the financial storms intensify.

Banks with big deposit bases and stable franchises -- like JPMorgan Chase, Wells Fargo and Bank of America -- seem like the best bet for investors as the financial storms intensify.

The Philadelphia operator of Anthropology, Free People and its namesake stores stands tall in today's bleak retail tundra. Despite decimated consumer spending, it still promises annual sales growth of at least 20% and, for the second quarter, delivered a 13% rise in samestore sales and a 79% jump in net income. New brands and an overseas push offer a comforting plan for expansion. The rub? The stock factors in fast growth rates and fat margins far more than looming risks. At 35, shares fetch more than 21 times 2009 estimated profits, nearly twice the 11 times for apparel retailers. Boring peers -- been to the Gap (GPS) lately? -- help Urban Outfitters look good, but on an enterprise value to Ebitda (earnings before interest, taxes, depreciation and amortization) basis, too, its shares are pricey. The stock trades for 15 times EV/Ebitda, compared to 4 times for some teen retailers.

I WAS CRITICAL OF IRIDIUM the first time around; but Desch is a level-headed guy who seems to have eradicated the grandiosity of the original Iridium, which had somewhat irrationally thought that consumers might actually want to buy satellite phones as an alternative to cell phones, despite sat phones' bulkiness and the high cost of making calls on the network. I've also been a skeptic on SPACs, which are simply a gussied-up version of the old-fashioned blind pool. And I'm also no fan of reverse mergers of this ilk, since they allow companies to go public without the scrutiny provided in an IPO process. All that said, Iridium will be a company to keep tabs on; if Desch is right about the potential for the satellite market over the long haul, Iridium could be worth a lot more than the valuation implied in the GHL transaction. I wouldn't jump into the deal right away; I would wait for the acquisition to close, and then give it some time to settle down. But with the IPO market effectively closed to tech stocks, the new Iridium could be the most interesting tech company to go public in many months.