Bermuda's Everest Re Group is a well-run, midsized reinsuer that has takeover written all over it. It shouldn't be a public stock for long and has no defense against a takeover. The company's insiders have been buying stock to put in their own pockets, and the stock is cheap; trading at seven times this years earnings.

Enbridge operates the world's longest pipeline and moves most of Western Canada's crude oil. Seeing as this Canada-based company is one of the only plays on the Canadian oil and tar sands (the globe's largest energy deposit) the company will surely continue to grow. As oil prices go up, the more attractive Enbridge becomes. And in today's world of common acquisitions, Enbridge could now also be a potential takeover.

Sweden's LM Ericsson is the leading supplier of cell-tower equipment like antennas and transmitters. Wireless is the furture; therefore Ericsson will grow. This $62 billion dollar business is cheap, trading and 15 times 2007 earnings. And a takeover is always possible.

Eastman Chemical, an instustrial materials company, will do well given our thriving global economy, but they will also flurish in a slowdown. This company's two main products, polyethylene terephthalate and acetate tow, are so heavily used in things whos demand is not affected by a sluggish economy- plastic pottles and cigarette filters. At 70% of annual revenues and 15 times temporarily depressed earnings, shares of EMN are cheap.