Intrepid Capital Funds President and Portfolio Manager Mark Travis tells CNBC's "Power Lunch" on Tuesday he is beginning to see value in smaller names.
"Look at something that pays a reasonable dividend at a discount. It will get easier to find if the market keeps moving in this direction," Travis said.
Cubic runs ticketing systems for subways and American Science & Engineering has X-ray technology to scan people and cargo.
"With all that's going on in the world, these businesses will grow or will be acquired," Travis said.
Cubic and American Science & Engineering are lower during trading.