These Five Stocks Could Be Value Opportunites

In an effort to find some potentially undervalued stocks, Benzinga ran a scan of the mid-cap universe looking for beaten down names that are trading at compelling valuations. Specifically, the stocks had to have market-caps between $2 billion and $10 billion, be down at least 10% in 2012, be yielding over 2%, have a P/E below 15, and a PEG ratio below 1. Below, Benzinga highlights 5 names that met these metrics. Assurant (NYSE: AIZ) - This insurance stock has fallen nearly 15% in 2012 and currently has a market-cap of $3 billion. The company is a provider of specialized insurance products and related services in North America and select worldwide markets. The stock trades at a trailing P/E of under 6 and a PEG ratio of 0.57. At current levels, AIZ is yielding 2.40%. Cliffs Natural Resources (NYSE: CLF) - This international mining and natural resources stock has been hit hard on worries over a global economic slowdown. Year-to-date, CLF has fallen more than 20%. If sentiment were to shift, the stock could see sharp gains. Over the last month, for example, CLF is up almost 6% as the market has rallied. At current levels, the stock trades at a trailing P/E of 4.52 and a PEG ratio of 0.89. CLF shares are currently yielding 5%. GameStop (NYSE: GME) - This stock trades at a very cheap valuation as the market has concerns about the long-term viability of the company's core business. Given the pessimism surrounding the name, however, it could be significantly undervalued at current levels. GME shares trade at a trailing P/E of 7.67 and a PEG ratio of 0.72. In 2012, GME has lost more than 24%, thereby pushing up its dividend yield to 3.30%. Marvell Technology (NASDAQ: MRVL) - Among the largest holders of this stock is famed value investor David Einhorn's Greenlight Capital. The shares have lost more than 20% in 2012 and the semiconductor stock is currently yielding a little over 2%. MRVL trades at a trailing P/E of 11.79 and a PEG ratio of 0.65. With value investors like Einhorn investing in the stock, there is a very good chance that it could see strong gains from current levels. Rockwell Automation (NYSE: ROK) - This company is a global provider of industrial automation power, control and information solutions. Major markets served by the company include food and beverage, transportation, oil and gas, metals, mining, home and personal care, pulp and paper and life sciences. In 2012, ROK shares have lost a little less than 11%. At current levels, the stock is yielding nearly 3%. Rockwell shares trade at a trailing P/E of around 13 and a PEG ratio of 0.97.