As part of our process for preparing Singular Diligence, Quan and I keep a list of 10 possible stocks to research next which we rank against each other. I shared this list with a subscriber to Singular Diligence who picked out the #7 stock on that list, CBIZ , and wanted to know whether the stock is cheap enough to ever make it into an issue of Singular Diligence and why if we think the stock is cheap enough it isn't ranked higher than #7 on our stocks to research next list.