The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
By James Brumley
NEW YORK (StreetAuthority) -- As investors have become more and more sophisticated, the price-to-earnings (P/E) ratio has begun to be viewed as a less-sophisticated, overly-simplistic tool. But sometimes, there's power in simplicity.
The fact of the matter is, the P/E ratio is still the ultimate "bottom line" concept -- how much are investors paying for earnings?With this in mind, here are three great large-cap stocks that have slumped to amazingly-low P/E ratios while investors were distracted by other things. I think each represent compelling potential bargains
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