Greenwald advises not getting lured by stocks selling at low P/Es based on peak earning such as steel companies. He suggests looking more closely at assets or an economic moat.
http://biz.yahoo.com/usnews/081107/07_bruce_greenwald_on_value_investing.html?.v=1
Why STMF.PK
This is not a traditional Graham and Dodd value stock with a strong balance sheet. In fact the balance sheet is horrible. But attributes that makes the stock a risky but high return investment would be as follows in my opinion.
I've purchased shares of STMF.PK as part of a highly diversified portfolio. They posted another quarter of spectacular results with double digit growth for the top and bottom line .
http://biz.yahoo.com/prnews/081110/nym029.html?.v=101
