I had a one year CD maturing with Ascencia Bank, however instead of rolling it over for a paltry 3.83% yield I decided to make a list of "name brand" American companies with good dividends and trading at least 30% off their 52 week highs. Here is the list of some of Americas largest, oldest, and most well known companies that met my criteria. GM -65% (6.70% yield) C -63% (6.30% yield) MER -58% (3.70% yield) AIG -57% (2.80% yield) MS -55% (2.60% yield) M -54% (2.50% yield) BAC -46% (9.00% yield) HST -45% (5.40% yield) WHR -45% (2.60% yield) MRK -43% (4.30% yield) HOG -41% (3.50% yield) BDK -40% (2.90% yield) IP -40% (4.00% yield) BMY -39% (6.20% yield) AXP -36% (1.70% yield) WTR -36% (3.00% yield) WY -34% (4.30% yield) CCL -34% (4.60% yield) PFE -33% (7.20% yield) GE -33% (4.40% yield) WFC -33% (4.90% yield) HSY -33% (3.40% yield) MAT -31% (3.90% yield) 23 stocks, total dividend yield = 4.34% Obviously there were stocks that met the criteria that I chose to leave out due to low dividend yield or too much risk (LEH for example). This list comprised what I felt were the best risk/reward investments. I will be gradually buying into these stocks as well as a handful of other stocks on my watchlist as they meet the criteria (here are a few that are getting close--WAG, SLE, SWK, VZ, MSFT, CLX). This is NOT a short term trading portfolio. I know some of these companies have real problems that need to be sorted out and it will take time (I'm also aware that BAC, C, GM, etc may have to cut their dividends). I will be buying very small increments at a time. Please feel free to add some names that you feel are quality companies that can start to be nibbled at.