Four Profitable Companies With Great ROEs, & With Stocks Priced Under $5

The M.O. is quite simple.... find companies with great returns on equity (or ROE) that are not only profitable for the prior year, but realistically expect to be even more profitable this year. Oh, and each one's stock price should be under $5.00. Here are the picks of the litter:

Advanced Battery Technologies, Inc. (ABAT) - An ROE of 20.25%, a projected P/E of 10.6, and projected EPS growth of 13.1%.

Art Technology Group, Inc. (ARTG) - The current P/ER of 40.91 for the last twelve months is expected to get cut in half over the next twelve. The latest ROE stands at 12.55.

The Wet Seal, Inc. (WTSLA) - The ROE of 9.19% isn't the strongest of all choices, but earnings growth of 29.5% this year and an estimated 31.8% next year should beef that number up.

GLG Partners, Inc. (GLG) - The stunningly low single-digit P/E ratios (current and future) are more impressive than the ROE of 6.3%. That said, the nature of GLG inherently skews some of the numbers.... though it's still a solid sub-$5 pick.