Nobody likes to overpay, which is why bargain hunting is so much fun. It's a joy to tell people about your great finds. When it comes to investing, taking a value bias can result in a lot more than bragging rights -- it can lead to big profits, too. If you are looking for income stocks that are cheap today, look no further than Hormel Foods (NYSE: HRL) and Enbridge (NYSE: ENB). Let's see why.

Nothing goes in a straight line, particularly when it comes to operating a business. And sometimes there's just no way to control the environment in which you operate. That's pretty much the story behind Hormel today. But the bad news has led the stock lower and pushed the yield toward historically high levels.

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Source Fool.com