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The turmoil in the stock market starting in the second quarter has left a whole swath of stocks in unloved sectors down significantly from where they were three months ago. This leaves value investors who have patience a myriad of selections from which to pick up some bargains. Here are two that are cheap, are way below analysts' price targets, and have had some recent insider buying.

"Freescale Semiconductor Inc. (FSL) provides embedded processing solutions for automotive, networking, industrial, and consumer markets worldwide." (Business description from Yahoo Finance)

Four reasons Freescale is a long-term bargain at $9 a share:

  • A director purchased $500K in new shares at higher prices in late April.
  • Consensus estimates have come down steadily over the last three months, but the company has easily beat quarterly estimates each of the last four quarters and revenue growth is projected to return in FY2013, with 9% sales growth expected for the year.
  • The stock is selling at just 6.5 times forward earnings, a huge discount to its historical average (17.7).
  • The 12 analysts that cover the stock have a $17 a share median price target on the stock, almost double its current price.

"ACCO Brands Corporation (ACCO) engages in the design, manufacture, marketing, and distribution of office products primarily in the United States, Australia, the United Kingdom, and Canada." (Business description from Yahoo Finance)

Four reasons ACCO Brands has value at $9 a share:

  • Four insiders purchased almost $250K in new shares in May.
  • Earnings are expected to double going from 64 cents in FY2011 to $1.28 a share in FY2013.
  • The company has beat earnings estimates four of the last five quarters, and consensus earnings estimates for FY2012 and FY2013 have increased over the past three months.
  • The five analysts that cover the stock have a $15 a share median price target on ACCO, significantly above its current price.
Source: 2 Cheap $9 Stocks With Recent Insider Buying