Reported 13 days ago
Bill Nygren, a prominent value investor, critiques the diminishing diversification of the S&P 500 and instead highlights Corebridge Financial as a prime investment opportunity. He believes that the firm, which is currently trading at around $28 per share, could nearly double its book value to $50 by the end of 2025 while potentially buying back 20% of its shares annually, thus enhancing the value for remaining shareholders.
Source: YAHOO