Kahn: Stocks Generally Attractive, But . . .

In the article titled, America For Sale: Price Reduced, Andrew Bary names some bargains in Barron's. Among them Barry Diller's IAC/Interactive (which I have exposure to through John Malone's Liberty Media), Tisch-controlled Loews (which I have no exposure to), and he says GM convertible debt looks a much better bet than GM common. (I recently switched my GM stock to GM convertible bonds, but not the class mentioned in the linked article.)

There's also his nugget from Irving Kahn, the legendary 102-year-old money manager:

Kahn, who has been profiled in Barron's, is one of the few professional investors who not only remembers the 1929 market crash but who sold short prior to that famed downturn. He thinks stocks generally look attractive but he'd avoid those "that had a bubble in them."