The easiest answer to that? All of them. That's a good list of stupidly cheap stocks you put up there! Spread out, take positions in all of them. I like NRF preferreds for cash flow and appreciation over the common, RAS preferreds are very cheap, and the common is as well, but the cash yield is killer on the preferred. SHO-A is a lovely security, AIV and HPT common and preferreds have similar yields, both commons offer appreciation potential (maybe not in the SHO category, it's nuts). RSO common now appears to be a safe home for crazy cash yields, and there is multiple value in the common. How can you pick and choose? None of these companies are at risk of going to zero, so do your dd and . . . spread out.