Value investor Bill Nygren: Stocks are cheap if you think economy will recover from coronavirus

Stocks are a good value for investors who think the economic hit from the coronavirus is temporary, Oakmark Funds partner Bill Nygren told CNBC on Tuesday. 

“We think stocks are really cheap if you believe, as we do, that the economy is going to eventually recover, as will the P/E multiples,” the value investor said on “Fast Money.”

Nygren’s comments Tuesday came after another historic day for…

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