From the AFR today: "The volatile year so far for Australian...

From the AFR today: "The volatile year so far for Australian equities has dampened investor confidence and appetite, but one investment bank suggests the market is being too pessimistic about potential "value" stocks – particularly resource stocks.
UBS' Australian equities team reviewed the S&P/ASX200 to identify which stocks were now good value after the index shed 12.3 per cent since its peak in April and resources stocks were hit particularly hard.
Lead strategist David Cassidy said they had assessed the stocks based on absolute value and relative value as well as projected or normalised value.
They found picks across a range of industries, including Lend Lease Group, Bendigo Bank, Qantas Airways and CSR**************