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What Is Hedge Fund Legend Leon Cooperman Buying Today?

June 19, 2013 | About:
What is Leon Cooperman thinking and buying today?

He thinks that the stock market today is fairly valued. He thinks at 15 to 16 earnings multiple on the S&P is fair, which is roughly where we are today.

He does not see a recession coming, he expects slow economic growth which should keep the market from falling.

Cooperman thinks plenty of stocks are more attractive than 10-year Treasury yields.

As far as specific stocks he likes today Cooperman mentions Sprint Nextel (NYSE:S). He has bought shares as low as $2 and as high as $7.

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