Despite the high level of volatility, MarkTravis, of Intrepid Capital Funds, sees opportunities in this market environment. He advises investors to look for businesses with no financing risk.
His first pick is Oil-Dri , a maker of cat litter products.
“Their business is improving, but their share price is not,” he said. “At $12 or $13 (per share), I think you’ve got a third of the market cap in cash and securities and a 4.5 percent dividend.”