On January 4th, we said that NASDAQ traded KSW Corp. (KSW) is an undervalued, small company with excellent fundamentals, probably owing its low P/E to the fact that it is widely unknown.

Indeed, trading volumes are astonishingly low, with often not more than a few thousand shares traded per day.

When we look for value stocks, we like these criteria: solid business with good YoY growth of top and bottom line, positive free cash flow, shareholder-friendly and efficient management, little or no dilution, little debt, below average P/E and a PEG ratio below 1.0.

Finding a stock with so many positives at a low price is not easy, but I think KSW Inc. (KSW) fits the bill.

China stocks are overbought; a dangerous bubble is forming; sooner or later this market will crash.

That's what we hear again and again. So is there no fairly or undervalued stock left in China? Should we stop buying and start selling? I don't think so.