What's your favourite undervalued blue chip stock? There has to be some good value out there somewhere. Please note I am taking a medium to long term outlook.
At the moment I like PBB (Pacifica). Been sold down recently but I have a feeling it may be bottoming out. Been on a steady decline for around twelve months. There is solid long term support at around $2.50. Take a look at a 10 year PBB chart. Currently at $2.66 and although I'm not prepared to buy just yet it is one I am watching closely for signs of a definite turnaround.
What are your favourite undervalued blue chips?