With the negative financial news out of Greece, Spain et al, the North American equity market indices have plummeted from -4.5% to -8.5% during the month of May. Despite the prevailing investment bearishness, investors must keep in perspective the opportunity and fundamental value of many common stocks whose prices have been severely punished during this tumultuous month. At this time, while we believe that investors must be extremely selective, we expect a number of deeply oversold and fundamentally undervalued shares to do remarkably well over the next 6-12 months.
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