Despite the recovery in global equity markets last year, some of the foreign companies with solid business models are still trading at attractive levels. Investors with a long-term horizon can add a few of these stocks selectively in phases to their portfolios for price appreciation. The following ADRs closed at under $10 as of market close on January 4, 2011:

1. Aegon (AEG)
Current Price: $6.26
Current Dividend Yield: No Regular Dividends Paid
Sector: Life Insurance
Country: The Netherlands

2. Transportadora de Gas del Sur (TGS)
Current Price: $5.71
Current Dividend Yield: 0.86%
Sector: Natural Gas Distributor and Producer
Country: Argentina

3. Telecom Corporation of New Zealand (NZTCY)
Current Price: $8.25
Current Dividend Yield: 7.36%
Sector: Telecom
Country: New Zealand

4. Torm A/S (TRMD)
Current Price: $7.14
Current Dividend Yield: No Regular Dividends Paid
Sector: Water Transportation
Country: Denmark

5. Sappi (SPP)
Current Price: $5.19
Current Dividend Yield: No Regular Dividends Paid
Sector: Forestry & Paper
Country: South Africa

Disclosure: Long TRMD