NEW YORK (TheStreet) -- Although shares of Ballantyne Strong (BTN) - Get Report are down on the year, TheStreet's David Peltier likes the stock on the long side headed into 2015.

The movie service provider trades at about $4 per share, making it a perfect candidate to examine for the portfolio manager of the TheStreet Stocks Under $10 portfolio.

While the stock trades at $4, it actually has a tangible book value of $4.65 per share. In other words, the company's value is more than the stock is portraying it to be worth, making it an attractive long candidate for many investors.

The tangible book value should act as "a floor" in the stock price, Peltier reasoned, especially since the company is profitable. 

Ballantyne Strong BTN data by YCharts

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While shares have declined some 12% this year, the stock could enjoy a strong 2015. Peltier says it may even climb to $5 or $6 per share, considering how well the business is growing. 

Between a growing business and a profitable company, Ballantyne Strong is an attractive stock for the next 12 months, he concluded.

As an aside, Peltier has also unearthed many of 2015's top dividend plays headed into the new year. This powerful list includes names like Lockheed Martin (LMT) - Get Report , General Electric (GE) - Get Report , Tompkins Financial (TMP) - Get Report   and Sonoco Products (SON) - Get Report

-- Written by Bret Kenwell