Onward with my review of the Dow Jones Industrials. Ten stocks have been reviewed so far with three worth further consideration as potential value plays: Alcoa Aluminum (NYSE: AA), American International Group (NYSE: AIG) and Caterpillar Inc. (NYSE: CAT). You can link to Part 1 of this series or Part 2 if you want to catch up. Comments are always welcome.

Disney (Walt) Company (NYSE: DIS) on first glance looks like it may have some value hidden away. The raw numbers do not scream out at me but they cannot be ignored either. At a minimum this stock seems to be slightly under valued, given its strong brand and depth of content in a business where content is king, it has locked up many franchises. This includes the Pirates of the Caribbean: At the World's End now in theaters. It has an average P/E, a below average debt ratio, a modest dividend yield to go along with very low P/S 2.18 and P/B 2.36 ratios. Disney is worth consideration as a value stock.

DuPont EI De Nemours (NYSE: DD) is another mixed bag, although mostly favorable from a value standpoint. You have to like the below average P/E of 14.92, P/S of 1.77 and the generous dividend yield of 2.84%. On the other hand, it has a P/B of almost 5, which is higher than I would usually consider for a value play and the same is true for the P/CF of almost 12.29, which is a little bit pricey to me. It does report strong profit margins of 11.48% and a great ROE of 34.41. In comparing it to one of my stock picks Dow Chemical (NYSE: DOW) for 2007, which has a P/S and P/B of half of DuPont and a higher yield of 3.67% I think I will pass this one up.