How much debt company has ?                         9.3 B 
How much cash company has ?                         6.4 B
What is difference between cash and debt?       -2.9 B

What is the cash flow company generates ?        3.2B

What is 10x cash flow company generates?         32 B

How many outstanding shares company has ?      526 million

What is the value per share? (32000+(-2900))/526= $55.3
 
Because value of the stock is $55.3 and price of the stock is $55.28 stock is cheap !

Bargain nr.6 is WellPoint (WLP).

It's good to mention a bit of history:

Stockholders 2002  2003   2004      2005      2006      2007
equity          5362  5999  19459    24993    24575     22990

Stock's P/E   2002    2003    2004   2005  2006   2007
                      14     13.8    18.9   20.2    16.3    16.4

JanHendrik:I I have to say I'm impressed . This pick is really good.