OK, so that headline is a little bit deceiving — the ad is for Bottarelli Research Small Cap, and much of it was indeed about what they thought was the most undervalued stock in the S&P 500. But they also told us directly what it was.

So we know that Bryan Bottarelli thinks that Titanium Metals is the most undervalued stock in the big cap index — this email came in late last week, and at the time the shares were at 15 and change … they’ve since jumped up by a couple dollars to near $15, on relatively good earnings news (though keep it in perspective, the shares were near $50 when Jim Cramer was yelling about them every day and they were universally beloved a couple years ago).

But he also said he had two other good ideas for us in the ad, so let’s figger out what Read the rest of this entry »