5 Stocks Still Offering Stunning Value

Stock #4: Accenture (ACN)

Another sector rich in cash and bulging with takeover candidates is technology.

The gap between those tech companies that went to the rally and those that stayed home is very noticeable, and now the wallflowers
are prime for the plucking.

In late March, Accenture (ACN), a leader in the IT outsourcing area, lowered
its earnings forecast for the remainder of FY09 (ends August). Despite complaints by some analysts that management has “lost credibility,” I
think the company was simply admitting what we all know now — that the recession is pinching even some of the most resilient
service businesses.

At less than 11X this fiscal year’s (reduced) estimates, the stock is way too cheap for a stable business with $21 billion
of annual sales, $2 billion a year of free cash flow — and virtually zero debt. I foresee a 50% return from here within
18 months.

NEXT: Stock #5: Ford (F)