Agreed. I have a lot of Bill Miller's stuff, and while this has not been his best year, I stand by him. Bad timing on buying the megayacht though. That kinda ticked me off, although he had a ton of Legg stock which is what paid for the boat.

I don't see F as a quick hit, just the opposite. At $8 bucks you can get piece of an American industrial icon for the the price of two trips to Starbucks.

I still subscribe to looking at certain downtrodden stocks though. Remember when Boeing (BA) was at $25 three years ago? My advisor feared it and was sure Airbus would have bought them by now. I remember him telling me about all the mothballed jetliners in Arizona, etc. Whoops. Closed around $80 today. Just before? BA was in the doldrums Citigroup was in the $25 range. (That one I pulled the trigger on). I'm not saying there is a formula or a wisdom in stock picking, but sometimes the street really beats up a stock and it looks great 36 months later.

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