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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 416.74+1.2%Dec 26 4:00 PM EST

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To: TobagoJack who wrote (170785)4/20/2021 8:52:29 PM
From: Julius Wong  Read Replies (1) of 218799
 
Bill Miller says stock market is `roughly fairly valued,' likes Vroom, Desktop Metal
Apr. 20, 2021 1:22 PM ET General Motors Company (GM) By: Josh Fineman, SA News Editor 66 Comments

Famed investor Bill Miller said the General Motors (NYSE: GM) is very attractive. Miller also likes Vroom Inc. (NASDAQ: VRM), Desktop Metal (NYSE: DM) and Metromile (NASDAQ: MILE).

Miller highlighted that online used car seller Vroom has a $5B market cap with managment that helped build Bookings.com, a $100b market cap organization.

"Carvana (NYSE: CVNA) is the leader with a $45B market and Vroom is about three years behind Carvana with a much higher return on capital model," Miller said in i nterview on CNBC. "That's a name we think you could make multiple times on your money on in the next three or four years."

Miller sold GameStop (NYSE: GME) earlier this year when it was in the $70s. He said his cost basis on GME was about $4.

Miller said he doesn't own Apple (NASDAQ: AAPL) anymore, though he should have kept it. He said the other FAANG stocks are attractive and the fund owns Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOGL) and Facebook (NASDAQ: FB).

Miller said the SPAC "game" is largely "winding down" now, though some SPACs are attractive here.

Miller says bitcoin is "digital gold."


"I don't think this is a bubble at all in bitcoin," Miller said. "This is the beginning of mainstreaming of it."
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