NEW YORK (Money Magazine) - Many of the companies rocked by scandal in the past couple of years are fundamentally sound businesses. Once their lousy CEOs or unscrupulous employees have been led out the door, these firms still have their product lines, physical assets, market share and even some cash, all of which ought to be worth something to investors.

And now they're on sale. MONEY set out to find the very best of this bad bunch.

We started with a long list of companies whose executives have been accused of improprieties. We looked for strong free cash flow and low P/Es.

And we talked with some of the best fund managers and private investors in the business to see what they're buying.

Here's a look at the most promising picks we found among scandal stocks.

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