Believe it or not, even in today's market, you can find stocks that have a few interesting valuation characteristics. In this case, we look for stocks trading for single-digit P/E ratios, and dividend yields above the comparable 10-year U.S. Treasury rate, currently about 3.4%. Not expecting to find much, the search actually turned up an interesting group of names.

Not surprisingly, many of the names that turned up were smaller capitalization stocks that aren't readily available to many of the larger institutional investment funds. That's because most institutions would likely gobble up any decent business trading for a P/E of 9 and yielding over 5%. But they can't do that with Homeowners Choice (Nasdaq:HCII), a Florida home insurance company that also yields 5%. With a market cap of $50 million, most mutual funds leave this one for the little guy.

Source: Investopedia

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