5 Best Value Stocks To Buy Now According To Seth Klarman

3. Fox Corporation (NASDAQ: FOXA)

Baupost Group has initiated a position in Fox Corporation (NASDAQ: FOXA) at the beginning of 2018 and it currently represents its third-largest investment valued at $750 million. Klarman has dropped its stake by 1% in news, sports, and entertainment company during the third quarter.

Shares of Fox Corporation have been under pressure over the past two years amid strong market competition and slow revenue growth. The company has generated only 2% revenue growth in the latest quarter as pandemic has lowered its revenue from sports activities.

The company says, “We have successfully adapted to changes in the sports calendar and entertainment production schedules to deliver key programming to audiences and advertisers across FOX, most notably at our local television stations where political advertising will have achieved a record for any election.”