When you surf against the tide in the world of investing, there's a name for that. It's called contrarian investing. David Dreman, one of the fathers of this type of investing, a man who has written several highly regarded books on the subject, defines contrarian investing as "buying stocks that are out of favor according to well-defined, fundamental measures such as low price-to-earnings ratio, low price-to-book or a high dividend yield." Just in case you didn't get all that with one gulp of your morning coffee, let's take this apart and see if it makes sense.
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