economy
Value investor Bill Nygren sees opportunity in beaten-down Salesforce
Nygren said Salesforce is trading at a "double-digit free cash flow yield" despite continuing to grow and positioning itself to benefit from AI.
TL;DR
- Bill Nygren sees Salesforce's sell-off as an opportunity due to its "double-digit free cash flow yield" and planned share buybacks.
- Salesforce shares have fallen 43% in 2026, contrasting with the S&P 500's 7% gain.
- Nygren believes Salesforce is positioned to benefit from AI, referencing its Agentforce platform and recent acquisition of Fin.
- General Motors is also highlighted as an attractively valued holding, praised for its customer focus and stock buybacks.
- GM trades at approximately six times earnings, a multiple Nygren feels understates its prospects.