We used this guideline for S&P's latest screen. To find the best candidates for growth, we started with the stocks that are ranked 5 STARS, or buy, by S&P equity analysts. For the "reasonable price" part of the equation, we then took the stocks with a price-earnings to growth ratio below 0.90. Basically, this means the stock is selling at a discount to its growth rate.
Finally, to make sure the candidates have a wide enough following, they had to have at least four Wall Street analysts providing coverage.
These 15 stocks made the grade:
IndyMac Bancorp (NDE)
ImClone Systems (IMCL)
Capital One Financial (COF)
Bear Stearns (BSC)
Flextronics International (FLEX)
Pacific Sunwear of California (PSUN)
E Trade Financial (ET)
Lehman Brothers Holdings (LEH)
Hartford Financial Services (HIG)
AES Corp. (AES)