The shares in my portfolio that I believe offer good value include ART, ILA, HVL, LEW and SBG. I prefer FSR to the other banks (it is on a cheaper P/E the SBK). I have a few other positions that I'm too embarrassed to talk about in a public forum... Obviously you must do your own research, my opinion should not count for anything. (Many people consider me a complete idiot, so perhaps it should count for less than nothing.) What you must understand is that there are two orthogonal theories in investing: fundamental and technical analysis. Fundamental analysis deals with the absolute price of a share; while technical analysis deals with the direction of the share price. Fundamental analysts believe that the market is inefficient; that it prices some shares too high and others too low; and that this provides opportunities for them to find the best-valued companies and thereby outperform the market. Non-believers believe that it is impossible to pick stocks that are better than average, because the insiders always know more than you do, before you. Technical analysts believe that the shapes traced by the historical share price graph predict (to a large degree) the future movement of the share price. Non-believers believe that share-price movements are simply brownian motion (squiggles in which the direction is random at each point in time). Although fundamental and technical analysis do not preclude each other, many people believe in one to the exclusion of the other. One then gets flame wars breaking out; one seems to be starting on this thread...