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Stock Picker: 'Now Is the Time' to Shop Fire Sales

Andrew Fisher
Tuesday, 11 Nov 2008 | 12:13 PM ET

Pessimists look at the market and see the glass more than half empty. Jeff Auxier of Auxier Asset Management sees quality stocks selling at fire-sale prices.

"What we try to do is, identify the businesses we really want to own," he told CNBC. "This is the time to identify the greatest companies, high-quality businesses that are always too expensive, and when everybody's fearful, now is the time."

Recommendations:

Auxier's list includes Walmart, McDonald's , Philip Morris International, and Kroger.

Predictability is also a key component of stocks that Auxier now finds attractive.

In that category he includes Paychex and Automatic Data Processing.

Where to Put Your Money Now
The safest place in the markets, with Jeff Auxier, Auxier Asset Management and Chrystia Freeland, Financial Times

Disclosures:

Disclosure information for Jeff Auxier was not immediately available.

Disclaimer

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