NEW YORK (
TheStreet's Gregg Greenberg spoke to Bill Smead, portfolio manager of the Smead Value Investor Fund, about some of his favorite stock picks.
(BEN) is a stock that Smead continues to watch, saying the lower it goes the more interested he becomes.
Due to the large exposure to foreign bonds and emerging markets, it's no surprise Franklin is selling off amid violent global volatility in nearly all asset classes.
Smead also likes
(GCI), citing its recent takeover of
(BLC) and the recovering economy.
It's not flu season but he also likes
for both its convenience store business and drug distribution business.
Smead added that the deal with
should help boost its customer orders and the rebounding consumer confidence should aid in convenience store sales.
Finally, he pointed to the recovering housing market for a reason why
should flourish going forward.
He concluded that when unemployed tradesmen go back to "making $70,000 per year in a full year of employment, their wives are going back" to Nordstrom.
-- Written by Bret Kenwell in Petoskey, Mich.