Ricky Sandler's Picks And Rejects, A Barron's Report

Ricky Sandler, a value investor of New York's Eminence Capital has recommended buying the global professional content and database provider Reed Elsevier (NYSE: RUK) and U.K. gambling company Ladbroke (LON: LAD).

Ladbroke's network of betting shops in the U.K. is "a license to print money, as long there aren't too many ties in England's Premier League costing Ladbroke the vigorish," he said. Sandler is also short on the box-spring maker Leggett & Platt (NYSE: LEG), which is getting clobbered by imports, and Whole Foods Market (NASDAQ: WFMI), which is losing market share to traditional grocers.