Investors are continuing to seek out good value in the Irish and international stock markets. Dolmen Securities has issued its list of recommendations for those looking to buy some shares, but it again stresses that any such purchases should be made for the long term. In the Irish market, Dolmen recommends Avonmore Waterford, CRH, Kerry and Waterford Wedgwood.

Avonmore Waterford is unlikely to deliver any significant upside for investors in the near term until world dairy commodity prices and international markets settle, making Kerry a better play in the food sector at the moment. Taking a longer-term view, Dolmen notes the strength of Avonmore Waterford's food and ingredients operations and suggests that any further weakness in the share price should be seen as a buying opportunity.

CRH also offers good value for the long term, but investors should be cautious of international market movements, while Kerry should be bought on weakness.

Waterford Wedgwood should also be considered given its relatively low levels at the moment. Dolmen suggests the shares may even lose further ground, but notes the share price could offer a strong potential upside if the group could stem problems in its chinaware operations.