Free Republic

WASHINGTON (Reuters) - With many stocks selling at prices that are mere fractions of what they were a couple of years ago, it seems like a good time to pick up bargains. But many analysts keep talking about how stocks remain overvalued. So, how can you tell when a low price is a bargain and when it's not? The first place to look typically is the earnings, but that's not encouraging right now for reasons that are valid and others that are less so. Stocks still look expensive when their share prices are divided by their annual earnings per share....

Slight Problem with New Submarine - It LeaksFri Mar 8, 7:21 AM ETOTTAWA (Reuters) - Canada's decision to buy four cut-price submarines from Britain looked a little soggy after one of the vessels sprang two leaks on its very first training exercise. Commander Bill Woodburn, in charge of Canada's submarines, insisted on Thursday that HMCS Windsor had been in no danger during Monday's exercise. But the problem was a further embarrassment for a purchase that is becoming a public relations nightmare. The Windsor is one of four mothballed diesel-powered submarines that Canada bought from Britain in 1998 for C$750 million...