Dell

"We've owned it about a year. You want to own superior companies that are not laden with debt, and that are doing something unique, and what they're doing that's unique is selling better. They're the only ones making money in their market, so they're standing out, garnering market share, and when the market turns, they're going to do very well."

Tesco

"What I like about Tesco -- it is a company that has taken pride over the years in making superior oil drilling equipment -- they have figured out the first new way to drill an oil well in 100 years."

Philip Morris

"If you can get past the tobacco liability issue -- and that, obviously, is part and parcel of owning Philip Morris -- the stock is cheaper now than it has been in quite some time. It has a 6 percent dividend yield; you're not going to get that from bonds, you're not going to get that from cash.

"Philip Morris also owns 84 percent of Kraft Foods, and if you took that valuation out of Philip Morris, as well as the earnings due to Kraft, the stock is trading at 4 times earnings. At that kind of level, you're going to do very well by owning this thing; even if it just reverted to the multiple of an RJR, which is another tobacco name, you're going to make over 20 percent."

Anadarko

"Anadarko is the largest independent exploration and production company in America, equally split between natural gas and oil. We like the natural gas side; every power plant coming online today is driven by natural gas. We think the demand for the fuel is going to remain for the next 10 years.

"And right now, in terms of downside protection, the stock is basically trading for roughly $6 per barrel of oil equivalent in the ground -- that's the lowest in its history."