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I was looking at the front page of Value Investing News last night, and the New 52-Week Lows list jumped out at me. Take a look at these names:

• CITIGROUP INC (NYSE:C)
• LEVEL 3 COMM INC (NYSE:LVLT)
• HOME DEPOT INC (NYSE:HD)
• RITE AID CP (NYSE:RAD)
• STANDARD PACIFIC LP (NYSE:SPF)
• TENET HLTHCRE CP (NYSE:THC)
• FIFTH THIRD BNCP (NASDAQ:FITB)
• LM ERICSSON ADR (NASDAQ:ERIC)
• D R HORTON INC (NYSE:DHI)
• NATL CITY CP (NCC)
• WALGREEN CO (NYSE:WAG)
• SPANSION INC. (SPSN)
• N Y TIMES CL A (NYSE:NYT)
• NORDSTROM INC (NYSE:JWN)
• P M I GROUP INC (PMI)
• REGIONS FINANCIAL CP (NYSE:RF)
• SPDR HOMEBUILDERS ET (NYSEARCA:XHB)
• KEYCORP (NYSE:KEY)
• PENNEY J C CO HOLDIN (NYSE:JCP)
• PROGRESSIVE CP (NYSE:PGR)

This list is packed with top quality companies, many of which have sustainable competitive advantages. Home Depot (HD) caught my attention right away since we have recently been discussing its relative valuation to Lowe’s (NYSE:LOW). I’ve also notice Fifth Third Bancorp (FITB) has been on this new lows list repeatedly over the past week or so. I am not very familiar with this company but I plan on learning more. The New York Times (NYT) is in a declining business, but at some point its stock could get cheap enough to be worth buying this world class brand.

Seeing Progressive (PGR) on this list makes me wonder if Buffett’s GEICO is out-competing its younger rival as a result of potentially more disciplined insurance pricing. I think I remember Buffett questioning the underwriting practices of GEICO’s rivals. Finally, I noticed both Walgreens (WAG) and Rite Aid (RAD). Could Wal-Mart’s (NYSE:WMT) aggressive entry into the pharmacy sector with $4 prescriptions be the cause of these new lows for Walgreens and Rite Aid? Is the market overreacting?

Source: Stocks At 52-Week Lows Packed with Quality Names