In this piece, we will discuss the 5 Best Value Stocks to Buy According to Legendary Bill Miller. For our overview of Bill Miller and his investment philosophy, you can head on to the 15 Best Value Stocks to Buy According to Legendary Bill Miller.
5. Mattel, Inc. (NASDAQ:MAT)
Miller Value Partners’s Stake Value: $59,909,503
Percentage of Miller Value Partners’s 13F Portfolio: 3.86%
Founded in 1945, Mattel, Inc. (NASDAQ:MAT) is an American toy manufacturing company. The company engages in the design, production, and marketing of toys globally. The company’s product line includes dolls, action cars, baby toys and gears, and toys for toddlers and preschool kids. Mattel, Inc. (NASDAQ:MAT) owns some of the most well-known toy brands in the world, including Barbie, Hot Wheels, American Girl, and Fisher-Price. The company is present in 35 locations around the world and sells its products in more than 150 countries.
On February 8, 2023, Mattel, Inc. (NASDAQ:MAT) reported its Q4 2022 result. The company’s revenue stood at $1.40 billion, missing market expectations by $278.08 million. The Normalized EPS of the company stood at $0.18, missing market expectations by $0.11.
4. Taylor Morrison Home Corporation (NYSE:TMHC)
Miller Value Partners’s Stake Value: $65,292,562
Percentage of Miller Value Partners’s 13F Portfolio: 4.21%
Founded in 2007, Taylor Morrison Home Corporation (NYSE:TMHC) is a home construction company. The company is among the largest home-building companies in the United States. Taylor Morrison Home Corporation (NYSE:TMHC) engages in designing, building, and selling single and multi-family attached and detached houses and also develops lands that include lifestyle and master-planned communities. The company owns several brands, including Taylor Morrison, Darling Homes, and William Lyon Signature.
On February 15, 2023, Taylor Morrison Home Corporation (NYSE:TMHC) reported its Q4 2022 result. The revenue of Taylor Morrison Home Corporation (NYSE:TMHC) was reported at $2.49 billion, beating market expectations by $169.25 million. The Normalized EPS of the company stood at $2.93, beating market expectations by $0.16.
3. Expedia Group, Inc. (NASDAQ:EXPE)
Miller Value Partners’s Stake Value: $68,967,559
Percentage of Miller Value Partners’s 13F Portfolio: 4.44%
Expedia Group, Inc. (NASDAQ:EXPE) is among the world’s largest online travel agencies. The company provides a one-stop solution for travelers to book from a wide selection of vacation packages, flights, hotels, activities, rentals, car rentals, cruises, and attractions and services. These services are offered through a number of brands and branded websites such as hotels.com, Vrbo.com, Hotwire.com, Travelocity.com, ebookers.com, Trivago N.V, CarRentals.com, and Orbitz.com.
2. OneMain Holdings, Inc. (NYSE:OMF)
Miller Value Partners’s Stake Value: $69,943,172
Percentage of Miller Value Partners’s 13F Portfolio: 4.5%
OneMain Holdings, Inc. (NYSE:OMF) is a financial service holding corporation that engages in the insurance business and consumer finance in the US. The services offered by the company include personal loans, auto loans, servicing loans, credit and non-credit insurance, and the purchase and sale of businesses and assets. OneMain Holdings, Inc. (NYSE:OMF) operates approximately 1,400 branches in 44 states.
On February 7, 2023, OneMain Holdings, Inc. (NYSE:OMF) reported its Q4 2022 result. The reported revenue was $1.06 billion, beating market expectations by $2.85 million. The company’s Normalized EPS stood at $1.56, beating market expectations by $0.05.
1. Ovintiv Inc. (NYSE: OVV)
Miller Value Partners’s Stake Value: $74,007,409
Percentage of Miller Value Partners’s 13F Portfolio: 4.77%
Founded in 2002, Ovintiv Inc. (NYSE:OVV) is an oil and gas company that produces and markets oil, natural gas, and natural gas liquids. The company’s multi-basin portfolio includes Anadarko Basin in West-Central Oklahoma, the Permian basin in Texas, and Montney in Western Canada. Other assets of Ovintiv Inc. (NYSE:OVV) include Bakken, which is a multi-bench oil resource in North Dakota; and the Uinta basin in Utah. The operating segments of the company comprise the US operations, the Canadian operations, and Market Optimization.
In its Q2 2022 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and Ovintiv Inc. (NYSE:OVV) was one of them. Here is what the fund said:
Oil and gas exploration and production company Ovintiv Inc. (NYSE:OVV) fell as oil prices faded late in the quarter due to aggressive Fed rate hikes and growing credit fears in emerging markets, a source of demand growth for oil. Although oil and fuel product inventories remain scarce, the Fed has been so aggressive with rhetoric and tightening that the dollar rose sharply and investor sentiment shifted toward anticipating a recession. Ovintiv is a self-help improvement story as it lowers debt levels through cash generation and asset sales while detailing plans to buy back shares more aggressively and pay a higher dividend.
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