3 Dirt Cheap Discretionary Dividend Stocks

With the current valuation of the U.S. stock market near the high end of its historical range, many analysts are expecting dismal returns for the asset class over the coming decade. But there are, of course, undervalued stocks in every market (recall that Wal-Mart and Wells Fargo both delivered positive returns in 2008). Below are summaries of three stocks in the consumer discretionary sector that relatively low valuations

Time Inc. (TIME) is one of the largest publishers of magazines in the world; in addition to its namesake publication, it counts Sports Illustrated, People, and Southern Living among a lineup of more than 80 magazines. The company also operates the related web sites and hosts hundreds of live events each year. Gap (GPS) operates a number of retail clothing stores; in addition to its namesake brand, the company owns Banana Republic and Old Navy. Pier 1 Imports (PIR) operates about 1,000 furniture and home decor stores in the U.S. and Canada.

Source: Dividend Reference

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