Also worth looking at is New York Stock Exchange (NYX), a stock that is flirting with its 52-week low after reporting horrible earnings. There’s been a lot of discussion on Stockpickr.com about this horrible slide, but let’s take a step back and look at the basic fundamentals. One of NYSE Euronext largest holder is mega hedge fund Atticus owns over 15MM of NYX. NYSE has EBITDA of $1 billion, and that number is expected to see a double-digit rise over the next year. Its enterprise-value-over-EBITDA multiple of just 11 puts it in potential buyout territory. Now I don't believe NYSE will get acquired, but this EBITDA multiple should help financing issues with the AMEX.

SJM is a very interesting stock that gets almost no coverage from the major analyses. Specializing in all different assortments of Jams, Jellys, Spreads and Peanut Better, Smuckers is the perfect value play on a staple American product. Jelly has been eaten by people across the world for breakfast for hundreds of years and there are no signs of this trend stopping. Smuckers has an incredible balance sheet with $2.1 Billion in annual revenue and no debt and a solid book value of $31 thus making it extremely attractive based sole on the numbers. The only major problem I see with Smuckers is their overall growth both domestically and international.

First up this week is Southern Union (SUG) which gathers and sells natural gas in the United States. In the beginning of January Jim Cramer said that he’s been expecting natural gas to catch on for years, particularly since natural gas is the basically the same price it’s been for the past two years. After doing some substantial research it takes roughly 6 units of natural gas to supply the same energy as one unit of crude oil. One would naturally expect one unit of crude to be around 6x-7x of natural gas. With crude well above $85 and natural gas at $7.50, crude’s 12x more expensive than natural gas. SUG owns 50% of the Florida Gas pipeline—Florida is a great market to be in because its population is growing very quickly as America’s baby-boomers retire to warmer climates. Florida’s summertime weather makes the Florida Gas pipeline highly desirable, as air conditioners and large commercial freezers use an abundant supply of natural gas to keep them working. SUG also owns the largest liquefied natural gas import terminal in the U.S—This terminal has send out capacity of 1.8 billion cubic feet of natural gas per day. Despite outstanding third-quarter earnings of 34 cents a share vs. 6 cents a share a year ago and increasing its annual dividend by 50% to 60 cents a share, shares of Southern Union (SUG) have been in a horrible slide. With organic growth projects and potential for strong earnings SUG is very attractive at current prices

Pure snapback play off the YHOO deal. MSFT has 20BB in cash and ZERO DEBT. Last quarter was one of the best I have seen in years from MSFT—Get international growth and strong business orders helped EPS. 150MM in additional capital was made by a positive currency conversion.

Earnings growth of 14% yet it trades at 16x earnings.

With RTP not accepting BHP’s offer, AA could be next up. Mgmt here is horrible (look at the stock’s performance vs its competitors) and with a 28BB market cap its much smaller then RTP and would be much easier to take-over.

Earnings play. Short position of 30%. Any positive news could get this stock moving!

Also worth looking at is New York Stock Exchange (NYX), a stock that is flirting with its 52-week low after reporting horrible earnings. There’s been a lot of discussion on Stockpickr.com about this horrible slide, but let’s take a step back and look at the basic fundamentals. One of NYSE Euronext largest holder is mega hedge fund Atticus owns over 15MM of NYX. NYSE has EBITDA of $1 billion, and that number is expected to see a double-digit rise over the next year. Its enterprise-value-over-EBITDA multiple of just 11 puts it in potential buyout territory. Now I don't believe NYSE will get acquired, but this EBITDA multiple should help financing issues with the AMEX.