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TICKER	NAME	RANK	INDUSTRY	V/P*	UPDATED
FLR	Fluor Corporation	10.41	Heavy Construction	1.52	11/17/2008
CYNO	Cynosure Inc.	10.41	Medical Appliances & Equipment	0.00	11/16/2008
NOV	National Oilwell Varco Inc.	10.38	Oil & Gas Equipment & Services	1.94	11/16/2008
AAPL	Apple Inc.	10.37	Personal Computers	2.02	11/14/2008
ANSS	Ansys Inc.	10.29	Technical & System Software	1.74	11/17/2008
WGOV	Woodward Governor Company	10.28	Industrial Electrical Equipment	1.17	11/17/2008
OXY	Occidental Petroleum Corporation	10.26	Independent Oil & Gas	1.91	11/16/2008
SNHY	Sun Hydraulics Inc.	10.25	Industrial Equipment & Components	1.38	11/16/2008
CAM	Cameron International Corporation	10.24	Oil & Gas Equipment & Services	1.46	11/17/2008
BEZ	Baldor Electric Company	10.23	Industrial Electrical Equipment	1.70	11/16/2008
JEC	Jacobs Engineering Group	10.23	Technical Services	1.74	11/16/2008
AZZ	AZZ Inc.	10.21	Industrial Electrical Equipment	1.69	11/16/2008
SII	Smith International Inc.	10.19	Oil & Gas Equipment & Services	1.78	11/16/2008
SCHN	Schnitzer Steel Industries Inc.	10.19	Steel & Iron	3.65	11/17/2008
BCPC	Balchem Corporation	10.18	Meat Products	0.92	11/17/2008
PCP	Precision Castparts Corp.	10.18	Metal Fabrication	1.86	11/17/2008
IPAR	Inter Parfums Inc.	10.17	Personal Products	1.70	11/17/2008
NVO	Novo Nordisk A/S	10.17	Drug Manufacturers - Other	0.35	11/17/2008
ITU	Itau Bank Financial Holding S.A.	10.16	Foreign Money Center Banks	0.31	11/16/2008
FTI	FMC Technologies Inc.	10.15	Oil & Gas Equipment & Services	1.08	11/1/2008

*

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.