Anxiety over Hurricane Gustav is fading, oil prices are falling, and Brent Wilsey of Wilsey Asset Management says it's time for stock-market investors to get into the action.
"This market is moving forward, and people sitting on the sidelines, they're missing some great opportunities here," he told CNBC.
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So where does he find the opportunities?
"An insurance company that's a re-insurer for property and casualty...is Transatlantic Holdings, which is down 20 percent from the 52-week high," he said. "Their sales are up 6 percent year-over-year, and this company returns 40 percent of their equity."
He had praise for Holly.
"Holly Corporation is a refiner," he explained. "Their earnings are going to increase 100 percent in December 2009."
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Also on his list is transportation holding company Arkansas Best.
"Down 25 percent from their 52-week high...and the mean of nine analysts are looking for earnings to increase 20 percent in 2009; the deficit's going to be very low," he said.