"Legendary billionaire investor Bill Nygren and his team over at the Oakmark Select fund made quite a few notable moves in the second quarter. Many of the buys were not only intriguing, but seemed to scream of value. Given he's a value investor who's not shy away from some of the more unloved corners of the market, the following second-quarter bets shouldn't come across as too surprising."
"Warner Bros. Discovery just so happened to be one of the best performers of the third quarter. So, hats off to Nygren and Oakmark for picking such a timely winner in the second quarter. Indeed, shares of the hard-hit media firm clocked in some very strong earnings. As things look up for streaming and the box office (the Minecraft movie was a hit), it's tempting to pursue the Q3 winner, even though the price of admission has gone way up since Nyrgren likely bought."
"Add the recent Paramount Skydance merger talks into the equation, and the case for buying in the high-teens, I think, still makes a lot of sense. Indeed, it took some time for the merger to start showing promise. Now that there's upside momentum behi"
Bill Nygren’s Oakmark Select fund made several notable second-quarter purchases focused on value, often in unloved market corners. Many of the buys appeared compelling from a value standpoint and warrant monitoring for potential fourth-quarter accumulation. The market showed resilience despite a U.S. government shutdown, aided by a Federal Reserve rate cut and expectations of further easing. Warner Bros. Discovery emerged as a strong third-quarter performer after solid earnings and improved streaming and box-office results, including the Minecraft movie success. Recent merger discussions between Paramount and Skydance added strategic catalyst potential, while market-wide overvaluation still leaves select value opportunities.
Read at 24/7 Wall St.
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