BOSTON (TheStreet) -- To provide greater transparency into TheStreet.com's "Under the Radar" picks, we have created an equally weighted portfolio of our 10 favorite small-cap stocks on Stockpickr.

Here is a synopsis of the portfolio.

Bucyrus

( BUCY) sells mining equipment, including draglines and blast-hole drills. The company has a market value of $4.6 billion. Its stock trades at a price-to-projected-earnings ratio of 12, a discount to peers. During the past three years, Bucyrus has increased revenue 53% annually, on average.

Miner Is Going Places

CARBO Ceramics

(CRR) - Get Report

sells ceramic proppant used for natural-gas drilling. The company has a market value of $1.4 billion. Its stock trades at a price-to-projected-earnings ratio of 18, a discount to peers. It returned 71% in the past year, though at the current value, the company may have more room to gain.

Carbo Cooks With Gas

Conseco

(CNO) - Get Report

sells supplemental life insurance and annuities to seniors. It has a market value of $1.3 billion. Its stock trades at a price-to-projected-earnings ratio of 8.3, a discount to peers. Major holders include hedge-fund managers David Tepper and John Paulson.

Hedge-Fund Managers Bet on Conseco

China North East Petroleum

(NEP) - Get Report

drills for oil and gas in the Jilin region of China. The company has a market value of $224 million. Its stock trades at a price-to-projected-earnings ratio of 7.3, a discount to peers. The company's 28% net margin trumps those of larger peers, including

Exxon Mobil

(XOM) - Get Report

and

Chevron

(CVX) - Get Report

.

Small Driller Rivals Exxon

Diamond Foods

TheStreet Recommends

(DMND)

sells nuts and other snack foods. The company has a market value of $652 million. Its stock trades at a price-to-projected-earnings ratio of 18, a premium to peers. It has a PEG ratio, a measure of value relative to growth, of 0.8, implying cheap shares.

Diamond in the Rough

Einstein Noah Restaurant Group

owns and franchises "bagel specialty" restaurants. The company has a market value of $189 million. Its stock sells at a price-to-projected-earnings ratio of 12, a discount to peers. Value investor David Einhorn owns a 66% stake.

Einhorn Loves Einstein

Perrigo

(PRGO) - Get Report

sells over-the-counter store-brand pharmaceuticals. The company has a market value of $4.4 billion. Its stock trades at a price-to-projected-earnings ratio of 17, a premium to competitors. The shares are cheap on the basis of book value and sales.

Drugmaker's Generic Gains

Spectrum Control

(SPEC)

designs high-tech components to regulate electronic performance. The company has a market value of $147 million. Its stock trades at a price-to-projected earnings ratio of 12, a discount to peers. The shares are also cheap based on book value, sales and cash flow.

Economy's Nuts and Bolts

Synaptics

(SYNA) - Get Report

designs touch-screens. The company has a market value of $904 million. Its stock trades at a price-to-projected-earnings ratio of 12, a discount to peers. The shares are also cheap based on book value, sales and cash flow.

Tapping Touch-Screen Demand

Telestone Technologies

(TSTC)

sells wireless-communications equipment in China. The company has a market value of $197 million. Its stock trades at a price-to-earnings ratio of 19 and a price-to-book ratio of 3.3, a premium to peers. During the past three years, Telestone has increased revenue 39% annually, on average.

A Google 'Do Over'

-- Reported by Jake Lynch in Boston.