Mark Hake Is A Buyer Of Assurant, Del Frisco's Restaurant Group And Lifelock

Speaking on CNBC, Mark Hake of Hake Capital Management said that he likes stocks that have free cash flow, low P/E and preferably selling below book value.

Hake named Assurant, Inc. AIZ, Del Frisco's Restaurant Group Inc DFRG and Lifelock Inc LOCK as stocks that he would buy right now.

He explained that Assurant sells insurance policies for cell phones. He finds that business to be very profitable and he already has a long position in the stock.

Hake is bullish on Lifelock Inc because it has a lot of cash on its balance sheet and it is very cash flow positive. It also has low price-to-earnings ratio.