Bill Miller: Another Fan of the Regional Banks

Bill Miller, along with many famous value managers, slammed face first into the credit crisis.  That said, his rep for picking up some of the biggest winners ever when no one wanted them (Amazon anyone?) is still intact and his record of beating the S&P 500 for 15 straight years (ended in ’05) still stands.

Based on an interview in Forbes, he is generally bullish on stocks (don’t stop the presses for that one) and specifically, he’s looking for lower quality recovery candidates selling below book value.

He is finding them in the regional bank sector:

“Regional banks, for example, were among the worst stocks in an otherwise good year in 2009, but have begun 2010 strongly,” said Miller. “Many of them have ample capital, will see loan and credit losses peak this year, yet trade below tangible book value and therefore with a negative deposit premium. This year should also see a merger boom, as corporate balance sheets are mostly flush with cash, and profits are again headed higher. Health care and tech are fertile hunting grounds, as well.”

I highlighted the activity in the regional banks the other day, they are some of the best performing stocks of the new year.  I’m not surprised to see Miller playing in this sandbox, this group is the definition of unloved.


Bill Miller Likes Big Stocks (Forbes)

Read Also:

O-Regional Gangsters (TRB)

What's been said:

Discussions found on the web
  1. bitcoin era reviews commented on Sep 23

    … [Trackback]

    […] Find More on to that Topic: […]

  2. commented on Oct 03

    … [Trackback]

    […] Here you can find 20332 additional Info on that Topic: […]

  3. rbc login online commented on Nov 11

    … [Trackback]

    […] Find More Information here to that Topic: […]

  4. td bank easyweb commented on Nov 22

    … [Trackback]

    […] There you will find 650 additional Info to that Topic: […]

  5. replica girard perregaux watches commented on Nov 26

    … [Trackback]

    […] Info on that Topic: […]

  6. Digital Transformation commented on Nov 26

    … [Trackback]

    […] Read More on to that Topic: […]

  7. hairdo wigs reviews commented on Nov 28

    … [Trackback]

    […] There you can find 71349 more Information to that Topic: […]

  8. tangerine sign-in commented on Nov 29

    … [Trackback]

    […] Find More on on that Topic: […]

  9. imitation MONACO Tag commented on Dec 08

    … [Trackback]

    […] Here you will find 2607 more Information on that Topic: […]

  10. Click commented on Dec 12

    … [Trackback]

    […] Read More here to that Topic: […]

  11. 5d diamond painting commented on Dec 17

    … [Trackback]

    […] Read More Information here to that Topic: […]

  12. fake watches commented on Dec 29

    … [Trackback]

    […] Find More Information here on that Topic: […]

  13. replicas Cheap Watch commented on Dec 30

    … [Trackback]

    […] Read More Information here on that Topic: […]

  14. replique montre commented on Jan 22

    … [Trackback]

    […] Here you can find 81973 additional Info to that Topic: […]