7 Cheap Stocks Experts Love

The eclectic choices range from a food giant to a battered bond insurer.

Editor's note: Since the original publication of this article, J. Crew, one of our seven experts' top picks, has entered into a buyout agreement with two private-equity firms, TPG Capital and Leonard Green & Partners, for $3 billion, or $43.50 a share -- about 28% above the closing price of $34 when we went to press.

Over the past year, stocks rose, fell and spent a great deal of time going sideways. After all was said and done, the net result was a respectable, double-digit gain. And that, naturally, raises the question of where you can find value in this market. We asked seven leading fund managers to identify stocks that they believe still trade at alluringly cheap prices. They came up with seven very different ideas.

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Contributing Writer, Kiplinger's Personal Finance

Andrew Tanzer is an editorial consultant and investment writer. After working as a journalist for 25 years at magazines that included Forbes and Kiplinger’s Personal Finance, he served as a senior research analyst and investment writer at a leading New York-based financial advisor. Andrew currently writes for several large hedge and mutual funds, private wealth advisors, and a major bank. He earned a BA in East Asian Studies from Wesleyan University, an MS in Journalism from the Columbia Graduate School of Journalism, and holds both CFA and CFP® designations.