P/E Near Historic Lows

Stock valuation is important, but it certainly isn't everything. If it were all we would need to do is run just two basic stock screens - one for finding undervalued stocks for longs and another screen for finding overvalued stocks for shorts. If only things were that easy!

Nevertheless, I do find it worthwhile of my time to occasionally run screens based on valuation just to see what candidates turn up. For example, in running a very basic screen looking for stocks simply trading with p/e's near their historic lows, the following 15 stocks turned up this morning: ACV, APOL, CAKE, EBAY, FDC, LLTC, MEG, SGA, SMTC, SIAL, SPF, TNC, VFGI, WMT, and WWY.

At first sight the one stock that interests me most is CAKE which is also among today's winners after reporting good news. And, if you haven't had a chance to try them out, their Avocado egg rolls are pretty good. ;)