Another stock pick for you: Media Sciences International (NASDAQ: MSII).
This is a rare case where I recommend a growth stock and not a value stock. The problem with most growth stocks is, how do you really know that the stock will keep growing? As soon as a company demonstrates it's no longer growing, the share price plummets and investors get burned.
Media Sciences International sells generic refill cartridges for color laser printers. They have this market to themselves. There are companies selling generic refills for inkjets and for black and white laser printers, but none have ventured into color laser printers, so MSII has a big head start.
At this point in time, it's a no-brainer to predict that this market is growing. Color laser printers are coming down in price, and gaining increasing penetration into businesses as well as homes. I'd buy a color laser printer, myself, if only I had the room for it.
The only dangers for MSII are (1) some other company enters this market; and (2) MSII loses patent infringement lawsuits (Xerox has sued them)--and even though MSII will probably win, the lawsuits are a drag on earnings for such a tiny company.