While stocks aren’t as cheap as they were a year ago, Oakmark Funds’ Bill Nygren said Tuesday that there are still attractive buys out there—and he revealed four new portfolio additions.

Bill Nygren Oakmark

5-star stock picker Bill Nygren’s new plays

General Motors very cheap: Bill Nygren

Discussing the recall crisis facing General Motors Company (NYSE:GM), and whether the stock is still attractive, with Bill Nygren, Oakmark Fund portfolio manager.

Trascript

Yes, we’re large General Motors Company (NYSE:GM) shareholders. The stock in the mid-30s, we think that within a couple year, they should be able to earn $6 a share. It made it is a very low p.e. for this market. And we’ve seen before, you know, Toyota Motor Corp (ADR) (NYSE:TM) (TYO:7203) go through short-term p.r. crises, and other auto companies, also, and they tend to recover. and we think general motors will regain its market share if they lose some because of the current p.r. environment. and just, it’s a very, very cheap stock. you don’t have to believe this is anywhere near an average company to believe it should be selling at a higher price than it currently is.