We make a critical reappraisal of unbounded-from-below' (UFB) constraints in the MSSM and R-parity violating models. We explain why the traditional’ UFB
bounds are neither necessary nor sufficient and propose, instead, a sufficient
condition which ensures that there are no local minima along the flat
directions. This conservative (but meaningful) condition divides the parameter
space into regions which are allowed, regardless of cosmology, and regions in
which cosmology is expected to play a major role. We study both conditions at
low tan-beta and obtain analytic approximations to the UFB bounds for all low
tan-beta (<15). Finally we show that R-parity violation just below current
experimental limits avoids UFB problems by lifting the dangerous flat
directions.

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