5. Dana Holding ( DAN) designs, manufactures and sells automotive and industrial products. Left for dead during the recession, Dana has mounted an impressive turnaround, shedding debt and bolstering cash. At the end of the third quarter, it held $1.1 billion of cash and $953 million of debt, for a net liquidity position. It announced last week that it had completed the reformation of its capital structure by replacing its secured term loan with $750 million of unsecured notes. Standard & Poor's upgraded the company's debt to BB- earlier in the week, a reassuring sign. Goldman has a $22 price target on Dana, expecting a 25% advance in the next year. Dana's preliminary 2011 guidance missed Goldman's expectation on the EBITDA front. Goldman considers the $1.30 to $1.40 earnings per share guidance a positive, though. That range exceeded the Wall Street consensus estimate. If Dana is capable of hitting the high end of its range, its stock costs less than 13-times forward earnings, a huge 59% peer discount. Dana's stock has delivered impressive three-year annualized gains of more than 19%. It is up 4% in 2011.