5 Stocks to Buy According to Francis Chou’s Chou Associates Management

2. Resolute Forest Products Inc. (NYSE:RFP)

Chou Associates Management’s Stake Value: $39,975,000
Percentage of Chou Associates Management’s Portfolio: 21.26%
Number of Hedge Fund Holders: 21

Together with its subsidiaries, Resolute Forest Products Inc. (NYSE:RFP) engages in worldwide and domestic business in the forest products sector. Resolute Forest Products Inc. (NYSE:RFP) shares have offered investors more than 75% in returns over the past twelve months as of July 27.

Based on its 13F holdings for the first quarter of 2022, Chou Associates Management owned 3.10 million shares of Resolute Forest Products Inc. (NYSE:RFP), valued at $39.98 million. As of the end of the first quarter, 21 hedge funds in Insider Monkey’s database of 912 funds held stakes in Resolute Forest Products Inc. (NYSE:RFP), compared to 15 funds in the previous quarter.

Fairfax Financial Holdings is the biggest stakeholder of Resolute Forest Products Inc. (NYSE:RFP), with 30.55 million shares worth $394.07 million. After Resolute Forest Products Inc. (NYSE:RFP) announced a deal to be bought by Paper Excellence Group for $2.7 billion, TD Securities analyst Sean Steuart downgraded the business on July 7 from Buy to Hold with a price objective of $23, up from $16. Steuart stated that the proposed valuation was fair.