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Current DateTime: 04:59:49 14 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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Jan.07
12:42 PM ET
Wednesday, 7 Jan 2009
Stock Picker: Low Prices, High Quality — Buy Now!
Posted By:Andrew Fisher

Jeff Auxier of Auxier Asset Management will tell you a time of trouble for good companies is a good time for investors to buy their shares.

"For a long-term investor, it's a great opportunity to buy mis-appraised companies," he told CNBC. "They're selling at distressed prices."

That goes for bonds as well as stocks: "This is really similar to back in 2002, when Enron collapsed, and utility bonds yielded over 25 percent for a couple of weeks," he said.

But Auxier's convinced the time to move into stocks has come.

"Right now is when you ought to be shopping," he said. "We just don't have these crisis situations every year."

Recommendations:

He thinks an investor's shopping list should include European supermarket giant Tesco [TESO  Loading...      ()   ], diversified consumer goods producer Unilever [UN  Loading...      ()   ], and beverage maker Dr. Pepper Snapple [DPS  Loading...      ()   ]

Disclosures:

Disclosure information for Jeff Auxier was not immediately available.

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© 2009 CNBC.com

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