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From a blurb on talking about how cheap E.ON (NYSE: EON) is:

Although American utility stocks have been pretty hot of late, the world's second-largest player (in terms of market capitalization) doesn't seem to have gotten its full share of the love. Of the world's major utility companies traded on U.S. exchanges, only Korea Electric Power (NYSE: KEP) is cheaper in price-to-earnings or price-to-book terms. What's more, E.ON pays a very competitive dividend and has a strong balance sheet relative to industry norms.
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