It would still be nice to own a stock like FREESCALE (NYSE:FSL). So diversified between the transportation, networking & computer systems and wireless industries. While the rest of the industry is overloaded with inventory, Freescale's inventory levels have been dropping over the past 3 years. Its ROE & ROA is 3x greater the industry average. FSL currently trades at about 13x next years earnings vs 19 for the industry. Its also interesting to note that Freescale has beat earnings estimates every quarter since it came public.
DISCLOSURE: I maybe long the stocks mentioned above for myself and clients. Not a recommendation to buy or sell any security. The information above has been obtained from sources we believe to be reliable, but its accuracy cannot be guaranteed. The author and affiliates shall have no obligation to update or amend any information contained above. For informational and educational purposes only.