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Current DateTime: 06:36:09 25 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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Sep.02
12:25 PM ET
Tuesday, 2 Sep 2008
Stock Picker: Get Off the Sidelines!

Anxiety over Hurricane Gustav is fading, oil prices are falling, and Brent Wilsey of Wilsey Asset Management says it's time for stock-market investors to get into the action.

"This market is moving forward, and people sitting on the sidelines, they're missing some great opportunities here," he told CNBC.

Recommendations:

So where does he find the opportunities?

"An insurance company that's a re-insurer for property and casualty...is Transatlantic Holdings [TRH  Loading...      ()   ], which is down 20 percent from the 52-week high," he said.  "Their sales are up 6 percent year-over-year, and this company returns 40 percent of their equity."

He had praise for Holly [HOC  Loading...      ()   ].

"Holly Corporation is a refiner," he explained.  "Their earnings are going to increase 100 percent in December 2009."
(Contd.)

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Also on his list is transportation holding company Arkansas Best [ABFS  Loading...      ()   ].

"Down 25 percent from their 52-week high...and the mean of nine analysts are looking for earnings to increase 20 percent in 2009; the deficit's going to be very low," he said.

Disclosures:

Disclosure information for Brent Wilsey was not immediately available.

Disclaimer

© 2009 CNBC.com

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Current DateTime: 05:21:41 25 Nov 2009
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