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The book value is the amount every shareholder would receive if all the company's assets were sold off, and all the debts paid off. So if a stock sells below book value and immediately went out of business, theoretically you would be guaranteed to make money. So if you combine a below book stock with the fact that it pays a high yield, you might have a good investment. just updatd their list of Below Book High Yield Stocks, which is in the form of an Excel spreadsheet that can be sorted and changed. Some examples are:

  • Oshkosh Corporation (NYSE:OSK) selling at 32% of book, with a yield of 6.4%
  • Teekay Corporation (NYSE:TK) selling at 34% % of book, with a yield of 8.0%
  • Sappi Limited (NYSEMKT:SPP) selling at 34% % of book, with a yield of 8.0%

The entire list of 25 dividend paying stocks selling below or at book can be found here.

Disclosure: Author does not own any of the above.