To find our deep-value stocks, we adapted techniques developed by Benjamin Graham, the father of value investing. Specifically, we designed our screen for what Graham called the "defensive" stock buyer - someone looking for "safety and freedom from bother," as he put it in his 1949 classic, The Intelligent Investor.

Among other things, we insisted that each stock's price not exceed 15 times its average per-share profits over the past three years, and accepted only candidates that have also delivered uninterrupted dividends for at least 10 years.

Last year's deep-value picks rose 30%.

Company (Ticker symbol)	Current price	52-wk high	52-wk low	Market Cap (mill)	Div Yield	P/E	Current ratio
Aetna (AET)	$42.72	$60.00	$39.02	$20,710.66	0.1%	17.7	2.5
Applied Industrial Tech (AIT)	$27.56	$35.68	$22.05	$1,165.68	2.2%	15.6	2.6
Carpenter Technology (CRS)	$60.09	$79.66	$45.20	$2,872.18	1.2%	13.4	4.0
Loews (LTR)	$49.02	$53.46	$37.65	$25,966.58	0.5%	13	14.4
Lufkin Industries (LUFK)	$79.20	$82.50	$50.73	$1,170.89	1.3%	13.2	4.0
Pfizer (PFE)	$20.06	$27.73	$19.70	$135,709.85	6.4%	12.3	2.2
Tidewater (TDW)	$61.86	$80.00	$46.32	$3,253.84	1.0%	12.0	4.8
VF Corp.  (VFC)	$78.54	$96.20	$63.68	$8,571.15	3.0%	18.6	2.5
Current price, 52-week high/low and market cap as of May 15 16:00 P/E based on earnings for the last 12 months. Earnings growth based on analyst projections for the next five years, according to Baseline.