This is the strategy I mentioned before :-
A stock is a buy if -
1. MCap of > 100 Million
2. trading in the bottom 25% of its yearly range
3. Backed by net tangible assets of more than a third of its market cap.
4. PE ratio of < 20
5. Paying fully franked dividend of > 5%
Seemed to be successful over a period of years...I guess its a fairly standard fundamental strategy with a touch of ta (yearly range).
cheers
MD