I am always looking for a good deal, whether that means buying an extra box of Golden Grahams when they're on sale or pouncing on undervalued stocks. The idea that anybody would sell a stock for less than it's worth may seem silly, but legendary value investor Ben Graham (no relation to the cereal) tells us, by way of allegory, how we can look out for these situations.

In The Intelligent Investor, Graham introduces readers to a wacky chap named Mr. Market. Mr. Market's game is to pay you house calls on a daily basis to offer to sell you interests in businesses he owns or to buy from you interests in businesses you own. Sometimes Mr. Market will show up at your door very excited and offer you premium prices for your holdings, while at other times he'll be inconsolably depressed about the future and will offer to sell you what he has for as low as pennies on the dollar.

So to find some of the stocks that Mr. Market is depressed about, I've turned once again to The Motley Fool's CAPS investor community. Each of the companies below had been given a five-star rating (the highest) by our community of investors just 30 days ago:

Stock

30-Day Return

One-Year Return

Current CAPS Rating

Manitowoc (NYSE:MTW)

(19.7%)

(91.9%)

*****

McKesson (NYSE:MCK)

(14.6%)

(32.4%)

*****

Shengdatech

(10.4%)

(63.5%)

*****

Ceragon Networks (NASDAQ:CRNT)

(8.8%)

(55.0%)

*****

Chemical & Mining Co of Chile

(7.8%)

17.3%

*****

Frontier Oil (NYSE:FTO)

(5.9%)

(52.4%)

****

Accenture (NYSE:ACN)

(5.8%)

(20.6%)

*****

Data from Motley Fool CAPS as of March 31 and Yahoo! Finance.

As the table shows, these stocks are still very well-regarded by the CAPS community despite their underperformance over the past month. While these are not formal recommendations, they could be a great place to kick off some further research. I'll get you started with some thoughts on Accenture, a management consulting, technology services, and outsourcing organization.

Why so blue?
Before we get to the kickoff of first-quarter earnings season with Alcoa's (NYSE:AA) report Tuesday, we'll see the odd earnings report hit the wires. Last week that odd, and decidedly disappointing, report came from Accenture.

For the quarter, total revenue dropped more than 6% from the prior year. Revenue was affected by fluctuating currencies though, and the company reported that in local currencies revenue was up 3%. Operating income and net income both grew from a year ago, but new bookings took a dip.

But what torpedoed Accenture's stock was the company's outlook for the rest of its 2009 fiscal year: Management cut expectations for nearly every measure of financial performance. The midpoint of the new earnings-per-share range is roughly 6% lower than the midpoint of the previous range.

What the bulls say
Accenture's stock may have lagged during one of the biggest stock advances that we've seen in a while, but investors can rest assured that its issues are luxury problems compared to a lot of other companies.

Let's review: Accenture managed to grow profit from last year, it has produced more than $1 billion in operating cash flow over the past six months, and it finished the quarter with nearly $3 billion in cash against negligible debt. Meanwhile, Citigroup can't seem to get out of its own way and General Motors (NYSE:GM) is creeping ever closer to bankruptcy reorganization. It's a little like comparing a stubbed toe to a Krakatoa eruption.

It's probably also worth noting that using the company's new 2009 earnings per share estimate, Accenture shares are changing hands at a price-to-earnings ratio (P/E) of just over 10.

CAPS members have been similarly bullish on Accenture, with more than 1,000 members giving the stock a thumbs-up, versus just 41 who have gone the opposite direction. One of CAPS top-performing members, sandvig, recently highlighted a key attribute of Accenture's success and offered a Latin lesson at the same time, saying: "Cura nihil aliud nisi ut valeas - Pay attention to nothing except that you do well."

So do you think the recent drop has created a good buying opportunity? Or will the global downturn take a bigger bite out of Accenture's business? Let the community know what you think by heading over to CAPS and sharing your thoughts with the community's 130,000 members. Even if you'd prefer to pass on Accenture, you can check out a couple of the other stocks listed above or any of the 5,300 stocks rated on CAPS.

More CAPS Foolishness:

Ceragon Networks is a Motley Fool Hidden Gems selection. Accenture is an Inside Value recommendation. McKesson is a Stock Advisor selection. Try any of our Foolish newsletters today, free for 30 days.

Fool contributor Matt Koppenheffer does not own shares of any of the companies mentioned. You can check out what Matt likes in CAPS by visiting his CAPS portfolio. The Fool's disclosure policy offers you one Schrute buck for reading this far.