- Michael Burry – the famed investor portrayed by Christian Bale in “The Big Short” – added 5 new stocks to his hedge fund portfolio in the first quarter, according to a 13F filing from last week.
- While Burry’s largest holding remains Gamestop, $GME he added new stakes in companies that were negatively impacted by the coronavirus pandemic, like Boeing.
- Burry’s Scion Asset Management has $387 million in assets under management as of March 31.
*Legal Disclaimer: Information provided herein for educational purposes only.
Ticker: JACK
Sector: Consumer Discretionary
Position Market Value: $10.5 million
Percent of Scion’s Portfolio: 12.21%
Price: $66.49
P/E: 18
Source: SEC 13F filing
Comments; The stock is all the way back at $66, but its possible he bought it when it was in the 20’s.
With $7 per share in cash purchasing the shares in the 20’s would give him a purchase in the neighborhood of 3X cashflow, which is extremely reasonable.
Relevant Articles:
45 Ways to Increase your Income
9 Best Ways to Save $7K This Year
11 Legitimate Survey Sites for 2020
Comments: Doubtful that he bought the shares for the new Shop feature, since it was just announced and has been a Huge catalyst sending the shares higher.
However, it’s possible he saw the CoronaVirus adding new customers or building in new habits for existing customers.
Not an undervalued situation except as it is undervalued relative to growth.
Comments; Many investors had their eye on Boeing. There is the potential for the airline segment to recover and Boeing would be a big beneficiary. Definitely a contrarian play that requires intestinal fortitude due to the risk.
Comments; Michael’s is another contrarian play. Hard to resist since with nearly $2 in earnings and a $3 share price, its obviously undervalued.
Relevant Articles:
45 Ways to Increase your Income
9 Best Ways to Save $7K This Year
11 Legitimate Survey Sites for 2020
