Hot Trader Pabrai's Top Value Stocks

Pinnacle Airlines(PNCL Quote) is another Pabrai stock with a low PEG, at 0.4. The company just reported that available seat miles for the latest quarter increased by 7%, and revenue passenger miles increased by 11%. The stock has a P/E of 4.9.

Pinnacle shows up in the Top 10 Airline Short Squeezes, a Stockpickr portfolio that lists the airline stocks with the highest short, or days-to-cover, ratios. Other airline stocks that show up on the list are Republic Airways Holdings(RJET Quote), with a PEG of 0.7, JetBlue Airways(JBLU Quote), with a PEG of 2.5, and Northwest Airlines(NWA Quote), with a PEG of 0.7.

Ternium(TX Quote), a Luxembourg-based company that makes and markets flat and long steel products, is another stock owned by Pabrai, with a low PEG of 0.8. Last month, Deutsche Securities upgraded the company from hold to buy. The stock has a P/E of 8.

Greenlight Capital, managed by David Einhorn, also owns Ternium stock. Greenlight is a hedge fund that specializes in spinoffs and has generated an average annual return of 27% for the last 10 years. The fund also owns Ameriprise Financial(AMP Quote), with a PEG of 1.3, and KBR(KBR Quote), with a PEG of 2.7.

Check out these Top Pabrai Stocks Ranked by PEG as well as all of Pabrai's stockholdings at Stockpickr.com.

Please note that due to factors including low market capitalization and/or insufficient public float, we consider Pinnacle Airlines to be a small-cap stock. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.