10 Stocks Selling at the Deepest Discounts

1. Micron Technology(MU) designs and makes semiconductors. The company swung to a fiscal third-quarter profit of $939 million, or 92 cents a share, from a loss of $301 million, or 37 cents, a year earlier. Revenue more than doubled. The operating margin turned positive. Micron holds $2.3 billion of cash and $2.6 billion of debt, equal to a quick ratio of 1.5 and a debt-to-equity ratio of 0.3. Since 2007, Micron has expanded net income 154% a year.

Micron's stock sells for a trailing earnings multiple of 4.7, a forward earnings multiple of 3.7, a book value multiple of 0.9, a sales multiple of 0.9 and a cash flow multiple of 2.8 -- 75%, 68%, 83%, 69% and 79% discounts to semiconductor industry averages. Of researchers following Micron, 17, or 74%, advocate purchasing Micron's shares, five recommend holding and one says to sell them. A median target of $14.06 suggests a potential return of 118%.

-- Written by Jake Lynch in Boston.

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