LongFOSLOct 2026
Fossil Group, Inc.
Fossil management is executing a turnaround that has started reversing more than a decade of decline in its traditional watch business through new products. Miller Value expects…
Miller Value Partners LLC
Concentrated deep-value equity investing focused on multi-year business transformations, turnarounds and mispriced cyclical companies.5 published ideas
Miller Value Partners manages actively selected value investments based on gaps between market prices and assessed intrinsic value. Its Deep Value Select strategy focuses on underfollowed businesses with temporarily depressed valuations, sizeable asset bases and potential for substantial normalized free cash flow. The strategy is concentrated in turnarounds, transformations and cyclical opportunities.
Ideas from Miller Value Partners LLC
LongGTNOct 2026
Gray Media, Inc.
Gray Media could benefit if the FCC relaxes broadcast ownership caps, creating further consolidation opportunities. Recent tuck-in acquisitions created ten additional market…
LongTDAYOct 2026
USA Today Co., Inc.
Miller Value considers USA Today’s uneven digital transformation still on course despite a sharp quarterly stock decline. The manager expects diversified digital offerings and AI…
LongNBROct 2026
Nabors Industries Ltd.
Nabors provides drilling rigs and drilling technology, and Miller Value expects higher oil prices to encourage high-specification rig deployments and better pricing on legacy…
LongCNXCOct 2026
Concentrix Corporation
Miller Value initiated a Concentrix position after an approximately 90% share-price decline, arguing that the business-process and digital-operations group is severely…
Letters covered
- Taking Advantage of Low Market ExpectationsOctober 23, 2026
Source PDFs are not republished here; only extracted ideas and quotes.