I have a friend with a buy and hold mentality who is looking for undervalued stocks. For example, BAC looks undervalued to him, compared to other bank stocks etc. So this is not exactly the Darvas mentality that looks to buy the hottest stock in the hottest sector at it's high. On the other hand, i don't think he'd rule out a Google or an Apple. Figure he's not going to set a stop at any percentage except -90%. Stocks paying dividends would be a bonus. Thanks for your suggestions.