Patterson UTI ( PTEN) is a land-based specialty drilling services company operating in the southwest, Gulf of Mexico and Canada. The company's stock sells at significantly lower price-earnings multiple compared with larger drilling peers such as Baker Hughes ( BHI), with a P/E of 11; Helmerich & Payne ( HP), with a P/E of 10; and Nabors ( NBR), with a P/E of 14. Patterson also operates at a higher gross margin than those same competitors, with the exception of Helmerich & Payne. When drilling picks up, and it will, Patterson-UTI is a compelling value investment. >>5 Stocks Under $10 Headed HigherKulicke & SoffaKulicke & Soffa ( KLIC) is a Singapore-based semiconductor capital equipment and tool company. The company has had a difficult year from an operational perspective; earnings per share are expected to decline 17%, and revenue is expected to decline 16%, for the year scheduled to end this September. Earnings and revenue are expected to stabilize in fiscal 2013. Not only does Kulicke & Soffa have exceptionally low valuation ratios, but this $800 million market capitalization company has nearly $320 million in cash and equivalents net of long-term debt, all of which is currently payable. Thus, 40% of the stock price is in net cash.