Some well-known large-company stocks, such as Wal-Mart, General Electric and Anheuser-Busch, are looking cheap now, Weitz says. And because they're big, dividend-paying companies with solid earnings, they aren't too scary to buy now. "They're the comfort food of the stock market," Weitz says.
Another Weitz favorite: Berkshire Hathaway, run by his fellow Omaha bargain-hunter Warren Buffett. The holding company has $43 billion in cash for new purchases. The drawback: A single share costs $90,401. Even the lower-cost B shares will set you back $3,008.
Read the complete article