Howard Silverblatt

Last year, stocks rose as cost-cutting helped businesses set record profits. But its not too late to buy in, says venture capitalist Peter Cohan: With the corporate world's focus shifting to sales growth, and profits likely to beat expectations, stocks still look undervalued.

Capital One (COF) today joined the growing list of major corporations drastically cutting their dividends. In fact, since the start of 2009, $40.8 billion less in dividend income will flow to investors thanks to dividend cuts by 41 corporations so far. Dividend cuts in the first quarter of 2009...