Coach may be having a difficult time domestically, but its international sales are strong and that should help turn around the stock, says Mark Travis, portfolio manager for the Intrepid Capital Fund. Travis says investors should also be patient with Staples, which he says has a strong internet presence, healthy dividend and unlevered balance sheet. Finally, he is bullish on Oaktree Capital because of the impressive management of well known distressed investor Howard Marks, not to mention the firm's stake in star bond fund manager Jeff Gundlach's DoubleLine Capital.
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