EarthLink's strategy of being the premier provider of premium dial-up Internet service is a long-term loser, but a lean operating structure and good cash flows should allow it to hold on until a buyer comes along.

I was looking at the front page of Value Investing News last night (October 17, 2007), and the New 52-Week Lows list jumped out at me. This list is packed with top quality companies, many of which have sustainable competitive advantages.