Bill Miller, the legendary value investor, is bullish on the travel sector. In a recent interview, he said that “travel stocks are deeply undervalued” and named two companies in particular that he thinks are great buying opportunities. Miller is best known for his long tenure at Legg Mason, where he ran the Value Trust mutual fund. He’s currently the chairman and CIO of Miller Value Partners, a hedge fund he founded in 2016.
Miller is bullish on the travel sector for a number of reasons. First, he believes that the current fears about coronavirus are overblown. Second, he thinks that the industry is due for a cyclical rebound. And third, he believes that many travel stocks are currently trading at bargain-basement prices. In particular, Miller is bullish on two travel stocks: American Airlines (AAL) and Marriott International (MAR).
value investor bill miller says these travel stocks are cheap
American Airlines is down about 50% from its 52-week high, while Marriott International is down about 40%. Miller thinks both stocks are deeply undervalued at their current levels. American Airlines has been hit hard by the coronavirus pandemic as travel demand has dried up. However, Miller believes that the stock is a great long-term play. He likes American Airlines because it has a strong balance sheet and is positioned well for a recovery in travel demand.
Marriott International is another stock that Miller is bullish on. Marriott is the world’s largest hotel company, with over 7,000 properties in 130 countries. The company has been hurt by the pandemic as well, but Miller believes that it is a great long-term play. He likes Marriott because of its strong brand, its global reach, and its growth potential. So if you’re looking for some travel stocks to buy, Bill Miller thinks American Airlines and Marriott International are two of the best opportunities out there.
What are the travel stocks that Bill Miller is bullish on and why
1. American Airlines (AAL) – Miller is bullish on American Airlines because it has a strong balance sheet and is positioned well for a recovery in travel demand.
2. Marriott International (MAR) – Miller likes Marriott because of its strong brand, its global reach, and its growth potential.
How have these stocks performed over the past year
American Airlines is down about 50% from its 52-week high, while Marriott International is down about 40%. Miller thinks both stocks are deeply undervalued at their current levels. American Airlines has been hit hard by the coronavirus pandemic as travel demand has dried up. However, Miller believes that the stock is a great long-term play.
Marriott International has also been impacted by the pandemic, but Miller still believes it is a good long-term investment. He likes Marriott because of its strong brand, global reach, and growth potential. So if you’re looking for some travel stocks to buy, Bill Miller thinks American Airlines and Marriott International are two of the best opportunities out there.
