Duckwall-Alco (DUCK)

Duckwall-ALCO is a discount retailer that operates 189 ALCO stores and 67 Duckwall stores in 21 states. They're usually located in small towns and so hopefully avoid direct competition with larger stores such as WalMart. In addition, since the farm community is doing well because of high commodity prices, there should be a trickle down effect to retailers. The stock price is down significantly from over 40 to 12, but book value is around $28. A 60% discount to book value seems far too high; also, a hedge fund called Strongbow has a significant position in DUCK.