But that does not always lead him to cheap stocks.

And the lower it is, the cheaper stocks are relative to bonds.

A. We have a team of eight people, and we're all out looking for cheap stocks.

We have the world calling us with what they think are cheap stocks.

"You put together a cheap stock with significant improvement in revenues, and you're going to get this kind of movement," he said.

How can they find cheap stocks in today's market?

"I'm sure that I will find some cheap stocks as we move forward," he said.

The bad news has also kept Irish stocks quite cheap by international standards.

Value investors in today's market face the challenge of just finding cheap stocks.

"There's always the possibility that cheap stocks get cheaper," he said.