The low P/E ratio plays -- F and RSH -- represent equally as speculative bets. Profits hang by a thread in uncertain businesses in evolving spaces in a shaky world economy.
That's a sign to me that investors have not recognized the value these stocks have to offer. You have strong businesses operating confidently at a zesty clip, growing, expanding lucrative segments, cultivating new ones and paying dividends or buying back stock in the process. Yet, they underperform. It just so happens that I have a thing for the media and telecommunications space. Given the dynamics there, I am comfortable being overweight the sector. But, irrespective of the particular stocks, when you search for value, search for the types of stocks the market truly discounts, not the long shots that have been bruised and battered, torturing investors as they hit bottom after bottom. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage. Follow @RoccoPendola