I read random books now and then. One book came up called "Beating Wallstreet 1% at a time." (1% is his goal each month). In this book the author recommends looking at stable dividend stocks and using historical data to determine a price floor. In other words, he would look at the dividend yield at past lows in the stocks history. At what yield, did investors find that stock to be attractive enough to provide support. Then he'd see how the particular yield at a bottom compares with today's yield. If the yield at past lows was within 10-20% of the current yield, he would find that stock an attractive buy (he'd actually sell out of the money puts).

Any thoughts? It would be interesting to see more people post discussions about books etc.