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Safe Plays for a Dangerous Market

Brooke Sopelsa,|Writer/Producer
Thursday, 16 Oct 2008 | 4:03 PM ET

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.”

Navigating Volatility
Discussing record highs in stock market volatility, with Conrad Gann, Trimtabs; Mark Travis, Intrepid Capital Funds; Barry James, James Advantage Funds; and CNBC's Erin Burnett.

Travis is also a fan of beer – beer stocks that is. One of his favorite names is Budweiser .

"I think there’s a great arbitrage play right now between now and that deal close with InBev," he told CNBC.

Travis also likes Coca-Cola and she retailer DSW .

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