Taking a look at some bargains I see floating around right now, from mechanical contractors to media.

The company has a strong backlog of projects and since they don’t work on projects under $3 million, they have no exposure to residential. They also have close to zero capital expenses. The firms’ return on capital - as defined by Greenblatt - of EBIT/(net working capital + fixed assets) is $6.75/$17 = 40%. (EV/EBIT is ~2.2).