Michael Price’s Cheap Stock Picks Include Intel (INTC)

Price’s position in ConocoPhillips (NYSE:COP), which currently carries trailing and forward P/Es of 7 and 10, respectively, was unchanged during the third quarter at about 350,000 shares. Warren Buffett’s Berkshire Hathaway cut its stake but still had $1.4 billion invested in ConocoPhillips and this made it one of the holding company’s top ten picks (see more stocks Warren Buffett likes). The dividend yield is high, so it may be of interest for income investors, but revenue and earnings were down by over 10% in Q3 versus a year earlier and it might be better to look at slightly more expensive oil companies.

Becton, Dickinson and Co. (NYSE:BDX) was the tenth largest 13F holding by market value, at a little over 240,000 shares. Generation Investment Management, co-founded by Al Gore and former Goldman Sachs Asset Management head David Blood in 2004, was another major holder of the stock. Becton Dickinson provides medical devices and instruments. The company’s fiscal year ended in September; in the fourth quarter of that fiscal year, revenue and net income were down very slightly. The stock is valued at 14 times trailing earnings, and Wall Street analysts expect that Becton Dickinson will improve on the bottom line in the next couple years as the forward P/E is a little lower than that figure.