economy
Value investors see mispriced opportunities from sports to fertilizer
Value investors pitched a mix of stock ideas in disparate corners of the market at the Value Invest conference in New York on Thursday.
TL;DR
- Jennifer Wallace of Summit Street Capital Management recommended CF Industries due to its exposure to global fertilizer prices and low-cost U.S. natural gas inputs, calling it a "cash-flow machine."
- Wallace also highlighted Signet Jewelers as a "cash flow diamond," noting its strong position in the U.S. bridal jewelry market and steady cash generation.
- Mario Gabelli of GAMCO Investors identified sports-related stocks like Atlanta Braves, Madison Square Garden Sports, and Manchester United as attractive due to their franchise value.
- Jonathan Boyar of Boyar Value Group sees value in companies like Uber Technologies, viewing it as a "capital-light cash compounding machine" despite concerns about autonomous vehicles.
- Boyar also reiterated the value case for Madison Square Garden Sports, arguing it's undervalued due to a "Dolan discount."
- John Rogers of Ariel Investments pointed to Scotts Miracle-Gro as an underappreciated name, expecting shareholder returns driven by share buybacks.