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Should You Buy It? Take the Over on Dover

Stock quotes in this article: DOV  

At Wednesday's closing price of $44.34, Dover(DOV Quote) shares are down more than 10% after the company delivered better-than-expected third-quarter results Oct. 24.

At current levels, the stock is valued at just 12.3 times expected 2008 earnings of $3.62 a share. This is a 33% discount to the company's historical average valuation, and a 12% discount to the benchmark S&P 500.

Given all these positives, should you buy shares in Dover, or will the stock continue to lag the overall market? ...

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