Bargains In The Basement

Market contrarians are feeling like kids in a candy store as many stocks, big-cap as well as small, tumble because of edginess about taxes, inflation, and health care. "Quality companies selling at a big discount to the market and trading at low price-earnings ratios are, indeed, plentiful," says James Holmes, managing director at Dreman Value Management, the Street's leading contrarian group, with assets of $2.5 billion.

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