Ongoing Housing Weakness Pressured JELD-WEN (JELD) Stock in Q2

Miller Value Partners, an investment management company, released its “Deep Value Strategy” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The first half of the year mirrored 2020, with tariff and Covid fears driving the VIX Index over 50 and the U.S. Economic Policy Uncertainty Index reaching an all-time high. In March 2025, the Economic Uncertainty Index peaked at 725, over 50% higher than in 2020. By April 8th, equity markets hit bottom and began recovering as both the Economic Policy Uncertainty and VIX Index started to decline. In the quarter,...