Is Tupperware Brands (TUP) a good stock to buy now?
Miller Value Partners recently released its Q2 2021 Letter to Investors, a copy of which you can download here. The Miller Opportunity Trust Class I gained 4.18%, underperforming its benchmark, the S&P 500 Index, which returned 8.55% in the same quarter. You should check out the Top 5 Miller Value Partners Stock Picks Investors Can Buy Right Now, which could be the biggest winners this year.
In the Q2 2021 letter to investors, the fund highlighted a few stocks and Tupperware Brands Corp (NYSE: TUP) is one of them. Tupperware Brands Corp (NYSE: TUP) is a multinational, multi-level marketing company. Over the past three months, Tupperware Brands Corp (NYSE: TUP) stock has lost 3%. Here’s what the fund says:
“We also started building a position in Tupperware Brands Corporation (TUP $ 21.97) at the end of the quarter. Tupperware sells household items through a direct marketing channel. The stock is well below the 2013 highs of $ 97. New CEO Miguel Fernandez joined the company in April 2020. Previously, he worked on the turnaround of Avon prior to its sale to Natura & Co. For the past year, Miguel has focused on selling non-assets. essentials, the repayment of the debt and the deployment of a new growth strategy. We believe there is significant unrecognized brand value at Tupperware that the company will monetize through its expansion into new markets. Overall, the stock is currently trading at less than 5 times what it is expected to gain this year.
In the third quarter of 2020, the number of bull hedge fund positions in Tupperware Brands Corp (NYSE: TUP) stock increased by about 38% from the previous quarter (see chart here), so that a certain many other hedge fund managers believe in TUP’s growth potential. . Our calculations showed that Tupperware Brands Corp (NYSE: TUP) is not ranked in the top 30 most popular stocks among hedge funds.
The 10 largest stocks among hedge funds returned 231.2% between 2015 and 2020 and outperformed S&P 500 Index ETFs by more than 126 percentage points. We know it sounds amazing. You rejected our articles on major hedge fund stocks mainly because other media provided you with biased information about poor performance of hedge funds. You could have doubled the size of your nest egg by investing in the best hedge fund stocks instead of stupid S&P 500 ETFs. Here you can watch our video on the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
At Insider Monkey, we leave no stone unturned when we research the next big investment idea. For example, lithium mining is one of the fastest growing industries right now, so we’re looking at stock locations like this. emerging lithium stocks. We’re going through lists like the Top 10 Hydrogen Fuel Cell Stocks to pick the next Tesla that will deliver 10x efficiency. Even though we only recommend positions in a tiny fraction of the companies we analyze, we check as many stocks as possible. We read letters from hedge fund investors and listen to equity pitches at hedge fund conferences. You can sign up for our free daily newsletter on our homepage.
Disclosure: none. This article originally appeared on Insider Monkey.