BALTIMORE ( Stockpickr) -- Who doesn't love a bargain?
Believe it or not, bargains aren't dead on Wall Street. Despite the prodigious rise in the broad market over the course of the past few years, fundamentals have largely kept up with stocks' ascent. So while stocks have rallied hard on an absolute basis, many haven't made such insane move on a valuation basis.
That doesn't mean that "stocks are cheap" as a rule right now. Unlike this time last year, there are many conspicuous movers that have reached the valuation stratosphere. But in general, stocks aren't expensive as a group -- and some stocks still present bargain buying opportunities in 2013.To find them, we're tearing the lid off of Wall Street's "bargain bin" today. >>5 Toxic Stocks to Sell Now In our search, we're focusing in on stocks that currently trade at or under book value per share -- a number that (generally) means that a company costs less to buy than the value of the stuff it owns. Often, stocks trade under book value for good reasons. It could mean, for example, that a company has a major black cloud ready to disrupt its businesses, or that its liabilities are under-represented on its balance sheet. To combat those value traps, we're focusing on larger bargains with consistent profitability and assets that are primarily financed with equity rather than debt. >>5 Stocks Poised for Big Breakouts Without further ado, here's a look at five of the stocks from Wall Street's bargain bin.