During tough market times there's safety to be found in stocks that have secure fundamentals: good dividend yields, low P/E ratios and competitive price/book and price/sales figures. Over the long term, these stocks clearly outperform their less well-endowed peers. And during market pullbacks like the one we're now experiencing, stocks with secure fundamentals become even more attractive, as their already enviable valuations improve even more.

Here are four such issues to consider now that a lower market has added some spit-shine to them.

IN PICTURES: The Baby Buffett Portfolio: His 6 Best Long-Term Picks

Flying and Sailing: The

Safe Way

to Invest

Babcock & Brown Air Limited (NYSE:FLY) is an Ireland-based lessor of commercial jet aircraft to airline companies worldwide. It currently has a stable of 62 planes, which it leases to companies from 19 different countries. FLY trades with a lowly P/E of just 3.4 and yields an impressive 8.75% annually. The stock is up better than 85% in the last 12 months and is on offer for just 60% of the company's breakup (book) value.

Babcock and Brown also sports an impressive price to sales ratio of just 1.01.

Dampskibsselskabet Torm A/S (Nasdaq:TRMD) is a Danish-based tanker and dry bulk ship operator whose stock is up over 26% since last March, but underperformed the broader shipping group as represented by the Claymore/Delta Global Shipping ETF (NYSE:SEA), which added better than 65% over the same period.

TRMD stock also offers current investors a 13.5% yield and a one-year trailing P/E ratio of just 9. TRMD trades at just over half the company's breakup value, with a P/B of 0.6 and a price-to-sales ratio of only 0.85.

The company has a market capitalization of nearly $720 billion.

Happy to Fly These Financial Flags
Gladstone Capital Corporation (Nasdaq:GLAD) is a closed-end fund that focuses on trading corporate debt. The company's shares are up 12% in the last year and still trade with a P/E of just 9. The dividend yield on the shares is 10% and price/book is only 0.7.

Gladstone has a market cap of $180 million.

PennantPark Investment Corp. (Nasdaq:PNNT) also has impressive numbers. The yield on the stock is 11.2% and it currently trades with a P/E of just 2.3. Price-to-book is 0.8.

PennantPark is a closed-end fund that focuses on debt and equity investments in middle-market private corporations.

The Wrap
When the market retreats opportunities always abound. Value investors on the hunt for stocks with good fundamentals should watch for those issues to get a boost in a market pullback. (To learn more, see our Fundamental Analysis Tutorial.)

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