With this weird up-down market, you can find some undervalued stocks that might make a good buy.  I will cover a couple today: CPSL and SSCC.

SSCC, Smurfit-Stone Container Corp., is a box company.  They make boxes and ship them everywhere.  They do packing, corrugulated boxes, and recycling of them.  This company gets a plus because it is a ‘green’ company.  It’s stock closed today at $5.75.  It’s way off it’s 52-week high of $20+.  The company has declined quite a bit because of debt problems, but the management is within the middle of a restructuring the cut costs and improve the profit line.  I don’t see much more decline in this stock.  This is also an ‘anti’-inflation stock.  It’s bottomline price never will really decrease even if the dollar value goes down.  People need to ship stuff and they need boxes to do that.

CPSL, China Precision Steel Inc., is a very cyclical steel stock.  If you take a look at the chart, you will notice that it’s price has fluctuated from $10 to less than $4 three times in the last year.  That means you could have doubled your cash three-times!  Long run, this stock is at the perfect time to buy.  It’s at $4.59 which is pretty low with a PE 13.59.  I do believe it has a change to go down lower, and I might possibly buy if it hits $4.00 or less.  Overall, steel prices will continue to rise as global growth continues.