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Here is some of Marty Whitman favorite stocks:

"Some financials he has been buying lately include Power Corp. of Canada, caught in the downdraft, and U.S. securities like bond insurer Ambac Financial Group Inc., Bank of New York Mellon, and MBIA Insurance Corp.'s 14-per-cent surplus notes.

"We are extremely big on Brookfield Asset Management," he added. "It's very well financed, brilliantly managed by Bruce Flatt and his team. We are also big on the oil sands. We like Suncor, EnCana and Nabors Industries, whose subsidiary Nabors Canada is the largest land drilling company in the world."

He has also been picking up more shares of Toyota Industries Corp., a long-time favourite. And he has been accumulating more stock in Hong Kong-based Henderson Land Development Corp. Ltd., Hang Lung Group Ltd. and Hutchison Whampoa Ltd."

Some more of Marty Whitman opinion:
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