The stock market went up a bit in April 2008 but not too significant. We ran a stock screening tool with the following criterias to obtain investment ideas:

Held Insiders  >=0.02,

Price Book Ratio  <=3,

Entity Value/Operating Cash Flow  <=6,

PEG Ratio  <=1,

Total Debt/Equity  <=0.35,

Return on Equity  >=20%,

Free Cash Flow  >=1.

Here are the results for further research:

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Ticker     Company Name             Last Trade as
                                                  of 04/30/2008   Mkt Cap    ROA    PEG     P/S

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AWH     ALLIED WLD ASSUR                41.23        2.494B     4.09    0.48    1.76
AMSF    AMERISAFE INC                      14.26        268.4M     4.54    0.58    0.79
ENH      ENDURANCE SPLTY H              37.13        2.242B     5.11    0.50    1.24
PCR      PERINI CP                               36.18        982.1M     6.18    0.78    0.22
FMR      FIRST MERCURY FIN                  15.8        286.9M     6.75    0.42    1.54
WCG     WELLCARE HEALTHPL             43.78        1.826B     9.91    0.49    0.37
NVTL     NOVATEL WIRELESS                 8.92        292.2M   13.68    0.54    0.69
LCAV     LCA-VISION INC                      10.11       186.9M   15.40    0.70    0.64

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Data Source: Yahoo! Finance

Happy Investing and do not forget the "Margin of Safety" concept!