The market is so dirt cheap that we can hold off on the usual anecdotes and get right down to business. Some of these stocks I’ve mentioned before, others are new, but they are all cheap.

Dr Pepper Snapple Group: Dr Pepper, 7-Up, Mott’s Apple Juice and A&W Root Beer. The stock was spun out as a dividend to shareholders from Cadbury-Schweppes at $27.50. When that happens what follows is classic. The large funds that liked Cadbury but did not feel like owning another stock in the food/drinks/snacks space sell their shares regardless of price or value. Combine that with the general market sell-off and I think DPS is probably the safest play out there, trading where it is in the $20s. It has a price/earnings ratio of 10, versus 18-19 for Coke and Pepsi, even though it is the world’s third-largest soft drinks producer. That’s a stretch. You can buy it at this level and easily ride it to $25, where it is still cheap but you may as well take profits there.