From Yahoo Finance: 2024-06-15 01:05:23

Michael Burry, known for his role in “The Big Short,” is buying deep value stocks. He famously profited from shorting the subprime market in 2007/08. Burry’s Scion Asset Management recently invested in BP and Alibaba, attracted by their low valuations and potential for growth despite risks in the oil and tech sectors. BP’s P/E ratio is lower than peers, with a 4.9% dividend yield and a $1.75bn share buyback. In contrast, Alibaba has faced regulatory challenges and trades at a low forward P/E multiple. Burry prefers BP for its higher dividend yield and lower regulatory risks. Both stocks offer potential for long-term growth.



Read more at Yahoo Finance: Investor Michael Burry has 10% of his portfolio in these 2 dirt-cheap value stocks