No Bargain: A Look at Beaten-Down Stocks That Just Might Stay That Way

Last week, you heard here about fallen angels in techland.

Since then, admittedly a blip in time, some of those stocks have done pretty well. In particular, CareerBuilder (CBDR Quote) and HotJobs.com (HOTJ Quote), which rocketed on news that the former company was being bought by a newly formed company owned by media giants Knight Ridder (KRI Quote) and Tribune (TRB Quote). The rest of the picks are mostly flat since we wrote about them, with the exception of Citrix Systems(CTXS Quote), which has fallen.

Are there similarly attractive fallen angels in the Old Economy? Yes, but they can be even trickier to play than high-growth cherubs. ...