John Shaughnessy Discount Quotations

Bank One is selling at a discount to the market and provides a modest current yield. And frankly, it's got the capacity to grow, with earnings growth of 13 percent a year over the next number of years. So it's one that we think, certainly for value-conscious investors, makes a lot of sense.

Chevron is a very cheap stock. You have a 3 percent yield, it has the potential to grow 10 percent a year, in terms of earnings. It sells at a discount to the market,