Posted on: Sunday, July 18, 2010 8:31 PM EST
Using the Covered Call Search for higher quality names we set the P/E Ratio at a range of 5 (Value Stocks) to 30 (Growth Stocks).
The first one on the list is Forest Oil (FST). FST has a P/E of 8.68, EPS of 3.35, and a Earnings Yield of 12.23%. This shows that FST is undervalued compared to the market. Based on the chart though it appears the stock may pull back a little further.
Clicking on the Chart Icon on FST brings up the chart shown below.
