Miller Value Partners recently released its Q1 2020 Investor Letter, a copy of which you can download here. You should check out Miller Value Partners top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash.
In the said letter, Miller Value Partners highlighted a few stocks and Unisys Corp (NYSE:UIS) is one of them. Unisys is an information technology company. Year-to-date, Unisys Corp (NYSE:UIS) stock lost 0.2% and on June 11th it had a closing price of $11.52. Here is what Miller Value Partners said:
“During the quarter, we only had one holding Unisys (UIS), generate positive returns. Unisys successfully completed the sale of their Federal business for $1.2B in cash, a very accretive valuation level compared to the overall business (1.75x revenue and 13x EBITDA). Proceeds from the transaction are being used to retire outstanding unsecured debt and $600M will be deployed against pension obligations, allowing the U.S. pension to be more than 80% funded providing greater flexibility for future contributions. Unisys’s enterprise business remains attractively positioned and below normalized margins. Management is successfully growing the business and achieving its 12% long-term operating margin target over the next couple of years would support normalized earnings in excess of $2.50/share. Significant upside remains in the shares and we believe Unisys market price has the potential to exceed $25/share over the next couple of years.”
Our calculations showed that Unisys Corp (NYSE:UIS) isn’t ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, 2020’s unprecedented market conditions provide us with the highest number of trading opportunities in a decade. So we are checking out stocks recommended/scorned by legendary Bill Miller. We interview hedge fund managers and ask them about their best ideas. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. Our best call in 2020 was shorting the market when the S&P 500 was trading at 3150 after realizing the coronavirus pandemic’s significance before most investors. You can subscribe to our free enewsletter below to receive our stories in your inbox:
Disclosure: None. This article is originally published at Insider Monkey.
