Barnes & Noble

"One recent investment of ours has been Barnes & Noble, the book store chain. This is an over-stored country, so I think you're better off with the strong retailers, and Barnes & Noble certainly is one. Admittedly the short-term outlook for earnings is not very good, and accordingly the stock has dropped below $20. It's currently at $16 or 17, and we think at $16 or $17 it's a true bargain."

McDonald's

"McDonald's, I think I mentioned it when I was on this show back in July, and that was not a very astute pick. I think they have a problem basically with their American restaurants, but the new management that came in only a few months ago will be able to fix those problems, which have to do with slow service and so-so food; they should be able to fix the problem within 12 months, And if they do, then the stock is worth $25, and it's currently selling at $13."

Liberty Media

"Liberty Media is a holding company, a portfolio of media assets. It's run by John Malone, who has done marvelous things in the past. He's stumbled a little bit over the past few years, but those mistakes have been paid for. And the stock is selling at a 30 to 40 percent discount to the sum of the parts."

Rayonier

"Rayonier, I think I also mentioned it last July. I think the stock has held up fairly well since, contrary to McDonald's. And it basically, timber is a good asset, and Rayonier has a way to own timber at 70 percent of the value of the timber."

Remy Cointreau (REMYF.PK)

Laurent Perrier (LPGOF.PK)

"Remy Cointreau, that's the famous cognac, and Laurent-Perrier, that's a champagne house. Both stocks we believe are selling way below -- 30 to 40 percent below -- the intrinsic value of the business."

Ono Pharmaceuticals (OPHLF.PK)

Toho (TKCOF.PK)

"In Japan we're seeing stocks like Ono Pharmaceutical, where the stock is selling at about half the valuations of American or European pharmaceutical stocks. Also in Japan we see stocks like Toho, where the current stock price is about half of the value of its real estate and movie library of Toho, which incidentally includes all the movies of (legendary film director) Kurosawa."

Kroll

"One stock that I like currently, with the global crisis as it is, is Kroll Associates. They're the leading independent gatherer of homeland defense and intelligence in the world. They came out with a quarterly report on Feb. 13, and predicted $410 million in 2003 revenue, with 19 percent of that going down to net earnings. It's a stock that Goldman Sachs like a great deal."

Ocean Energy

"One I like in the energy area is Ocean Energy, which finds oil at an average of about $6.13 a barrel with oil selling at $25 a barrel for the last three years. They're making a tidy profit, and they've hedged themselves."

Starbucks

"With anxiety levels what they are, how about Starbucks?"

Tetra Technologies

Philadelphia Suburban

I think a lot of stocks involved with commodities -- whether it's oil or one our favorites around the office, the water sector -- could do quite well. We like Tetra Tech, Philadelphia Suburban. I think the water stocks will do well by default, if for no other reason."