Unitedhealth Group provides health care services in the managed care sector, and has sold off around 50% since the beginning of the year and currently trades at $26/share, or a trailing P/E of about 7.5. UNH was involved in a stock options backdating scandal about two years ago that lead to the resignation of it's chairman.
Unitedhealth is currently ranked #2 in terms of membership and #1 in revenue, giving it considerable scale and leverage.
Current price is about a P/E of 9 of expected 2008 earnings, and valuation appears to be low enough to warrant establishment of an initial position. In addition, Warren Buffett of Berkshire Hathaway has been buying UNH, most recently in the April, 2008 timeframe, at higher prices.
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