"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." -- Warren Buffett
Can't argue with that, can you? Despite the recent rally, there's no shortage of fearin many industries. It's a real gut check, but that fear is creating opportunities for investors patient and diligent enough to search for the babies thrown out with the bathwater.
We're looking for cheap stocks here. And not just stocks that have fallen in price, but goodcompanies that are still cheap. There's a difference.
Using our Motley Fool CAPS ranking system's screening tool, I scanned for bargain companies with the following characteristics:
Have a look:
Company
Recent Price
TTM Return on Equity
Forward P/E Ratio
Abbott Laboratories (NYSE: ABT)
$50.04
27%
12.15
GrafTech International (NYSE: GTI)
$14.07
18%
13.32
Morningstar (Nasdaq: MORN)
$49.44
14%
25.34
SYSCO (NYSE: SYY)
$24.42
31%
12.89
Waste Management (NYSE: WM)
$28.39
16% Continued...
Morgan Housel is a Motley Fool contributor.
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