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TICKER	NAME	RANK	INDUSTRY	V/P*	UPDATED
TIE	Titanium Metals Corporation	7.95	Industrial Metals & Minerals	1.67	12/20/2008
LAYN	Layne Christensen Company	7.94	Heavy Construction	1.51	12/21/2008
ALB	Albemarle Corporation	7.94	Synthetics	1.46	12/17/2008
BUD	Anheuser-Busch Companies Inc.	7.94	Beverages - Brewers	0.50	12/18/2008
GWW	W.W. Grainger Inc.	7.93	Electronics Wholesale	1.08	12/21/2008
ASMLD	ASML Holding NV	7.92	Semiconductor Equipment & Materials	0.75	10/25/2007
GIGM	GigaMedia Ltd.	7.91	Internet Software & Services	1.04	12/2/2008
OI	Owens-Illinois Inc.	7.90	Packaging & Containers	0.00	10/19/2008
NSC	Norfolk Southern Corporation	7.90	Railroads	1.03	12/2/2008
ESI	ITT Educational Services Inc.	7.90	Education & Training Services	1.01	11/16/2008
SSL	Sasol Ltd.	7.90	Oil & Gas Refining & Marketing	0.61	12/14/2008
HOC	Holly Corporation	7.90	Oil & Gas Refining & Marketing	1.22	12/21/2008
BBY	Best Buy Co. Inc.	7.89	Electronics Stores	1.44	12/29/2008
IHS	IHS Inc.	7.88	Business Software & Services	0.89	11/1/2008
PHI	Philippine Long Distance Telephone	7.88	Telecom Services - Foreign	-0.41	11/5/2008
PNR	Pentair Inc.	7.88	Industrial Equipment & Components	1.21	12/21/2008
HCSG	Healthcare Services Group	7.87	Business Services	0.64	9/25/2008
SHFL	Shuffle Master	7.85	Diversified Machinery	1.40	12/2/2008
CHT	Chunghwa Telecom Company Ltd.	7.85	Telecom Services - Domestic	0.16	12/20/2008
ABB	ABB Ltd.	7.85	Industrial Electrical Equipment	1.46	12/5/2008

*

V/P = Value/Price OR (Intrinsic Value)/(Market Price). A value to price ratio (V/P) equal to 1 represent a stock which is fairly priced in its market. Naturally it follows that a V/P greater than 1 represents an undervalued stock. One minus the inverse of this ratio (1-1/V/P) is commonly referred to as the **Margin of Safety (MOS) - a term made popular by Ben Graham and Warren Buffet.