BOSTON ( TheStreet) -- With the stock market posting its best week in a month, it's remarkable to see a Dow stock trading at a forward price-to-earnings ratio of less than 10, but eight of 30 are beneath that level. They're not only undervalued on a historical basis, but also based on 2011 earnings expectations. With last week's rally suggesting the recovery is picking up, investors ought to consider these blue-chip stocks. They are ordered from cheap to cheapest.8. Merck (MRK) sells pharmaceuticals including Nasonex, Pepcid and Crixivan.
8 Cheapest Dow Dividend Stocks for 2011
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