Put Saks and Dillard's on your watchlist

Saks Incorporated (SKS) is trading at two-thirds of its book value and half of EV/revenue. That's pretty damn cheap. Dillard's (DDS) is trading at three-tenths of book value and a quarter of P/S. It's EV/revenueis 0.26. Dillard's also pays a small dividend. Obviously, this is a play on the recovery of the consumer.