
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.

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5-star stock picker Bill Nygren’s new plays
London Value Investor Conference 2022: Chris Hohn On Making Money And Saving The World
Chris Hohn the founder and manager of TCI Fund Management was the star speaker at this year's London Value Investor Conference, which took place on May 19th. The investor has earned himself a reputation for being one of the world's most successful hedge fund managers over the past few decades. TCI, which stands for The Read More
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.
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GM wasn’t mentioned in the conversation.
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