Squashed Europeans harbour hidden values

The narrow range means good companies are being valued closer to poor ones than earnings and profits should justify. Add to that the view European stocks in general attract better valuations than in the US, then the pickings can be good for stockpickers prepared to work a little bit harder, Cox says. Meanwhile, structural changes are enabling some companies such as Deutsche Post to take first steps towards improving efficiencies, such as through job cuts to reduce costs. Cashflow and a de-rating are reasons to look at publisher Reed Elsevier, despite some hesitancy on overall adver...