[$$] Learning to Love Low P/Es Again (at Barron's Online)

Word Count: 1,214 | Companies Featured in This Article: American International Group, Gannett, Marathon Oil, ConocoPhillips, Goodyear Tire, Ford Motor, General Motors, Google, Intuitive Surgical, Amazon.com, Yahoo!, Sears Holdings, Celgene, Chevron, ExxonMobil, Security Capital Assurance, Terex, Monsanto, Weyerhaeuser SOME INVESTMENT PROS LIKE TO GRIPE ABOUT HOW hard it is to find cheap stocks. But that argument is getting tougher to make, as the market's selloff this year has left more than 100 companies in the S&P 500 trading below 10 times projected 2009 profits, based on a recent computer screen. Noted value manager Leon Cooperman of Omega Advisors tells Barron's in our interview this week that he now feels "like a kid in a candy store." Buying stocks with low price/earnings ratios is no guarantee of profits. Indeed, many... [read full story]