Telecom equipment giant Alcatel-Lucent
Deep, deep value: Trading at just more than $1.50 per share today, Alcatel has taken a 75% beating from the 52-week highs set last summer. The stock fetches about one-fifth the P/E and price-to-sales ratios of chief rival Ericsson
Rich experience: This ain't Alcatel's first rodeo, pardner. The company came back swinging from the 2008 and 2009 crisis, but so did the entire networking sector. More to the point, buying this stock in the summer of 2010 would have bagged you an easy double in six months, as Alcatel overcame the skeptics with solid earnings and an impressive equipment contract when global giant Telefonica
Still relevant: Rumor has it that AT&T
This is not an official buy recommendation, of course. But investors could do well by betting against Mr. Market sometimes, and these three points seem to get lost in the general Alcatel discussion. Some elite investors never look stupid, even when they go all in on seemingly hopeless bets. You wouldn't believe what those geniuses are buying today while everyone else is selling.