No Shortage of Cheap Stocks-Leon Cooperman

Omega Advisor's Leon Cooperman, a legendary Wall Street investor, discussed the stock market over on CNBC last week.

"What is the S&P?  If you bought the S&P what would you get?  An index of companies growing 5% a year that yields about 2% sells over two times book value, has 35% debt in their capital structure and for those statistics, you're paying about 15 times earnings.  We're looking for companies who are growing in line or more than the market or yield more than the market or sell at a much lower asset value.  You can find plenty of attractive ideas."

CNBC video of Leon Cooperman {Omega Advisors} Discussing the Market.