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Value Stock-Picking With Book Value

Stock quotes in this article: AMZN , BAC , COP , VOD , RBS , PFE , GOOG  

Companies like eBay (EBAY Quote) and Amazon.com (AMZN Quote) have made billions of dollars on a simple premise: People love bargains.

But what many people don't seem to realize is the bargain smorgasbord to be had in today's stock market.

A recent Forbes article claimed that the S&P is trading for 10% less than its fair value. And indeed, there are a few thousand stocks right now trading for less than book value. That's a pretty impressive number of investment bargains. Interested in cashing in?

Here's why book value might just be one of the most important metrics for 2008. ...

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