5 Best Cheap Stocks to Buy According to Michael Burry

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1. CoreCivic, Inc. (NYSE: CXW)

Burry’s Stake Value: $9,955,000
Percentage of Michael Burry’s 13F Portfolio: 0.73%
Number of Hedge Fund Holders: 18

The real estate investment trust CoreCivic, Inc. (NYSE: CXW) continues gaining Michael Burry’s confidence. After initiating a position in the fourth quarter of 2020, Scion Asset Management raised its stake in the real estate investment trust by 10% to 1.1 million shares, accounting for 0.74% of the entire portfolio. Shares of CoreCivic rallied almost 73% since the beginning of this year. Despite that, its shares are still looking cheap based on a price-to-earnings ratio of 18. 

Corecivic was in 18 hedge funds’ portfolios at the end of the March quarter, flat compared to the previous quarter. The all-time high for this statistic is 27.

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