Michael Burry is considered to be one of the best value investors of the past 20 years. He originally started attracting attention to himself in the late 1990s, when his write-ups on undervalued companies started appearing online. These write-ups attracted plenty of publicity, so much so that in 2000, he was able to set up his own hedge fund, Scion Asset Management.

Too much to handle

Between inception and when it closed its doors in 2008, during the midst of the financial crisis, Scion produced a total return for investors of 493.4%. But running the fund was too much

Guru Donald Smith (Trades, Portfolio), leader of Donald Smith & Co., released his first-quarter portfolio last week, listing three new holdings.

Using a deep-value, bottom-up approach, the guru’s New York-based firm typically invests in out-of-favor stocks that are trading at a discount to tangible book value. According to the firm’s website, the portfolio managers look for opportunities among companies that are in the bottom decile of price-tangible book ratios and have a positive earnings outlook over the next two to four years.

Based on these criteria, Smith established positions in CorePoint Lodging Inc. (CPLG), Diamond S

Donald Smith (Trades, Portfolio), the president and co-chief investment officer of Donald Smith & Co. bought shares of the following stocks during the first quarter.

The guru established a stake in CorePoint Lodging Inc. (CPLG), buying 3 million shares. The trade had an impact of 1.28% on the portfolio.

The company has a market cap of $791.99 million and an enterprise value of $1.74 billion.

GuruFocus gives the real estate investment trust a profitability and growth rating of 5 out of 10. The return on equity of -44.35% and

Donald Smith (Trades, Portfolio), leader of New York-based investment firm Donald Smith & Co., disclosed he established a stake in CorePoint Lodging Inc. (CPLG) on March 27.

Using a deep-value, bottom-up approach, the guru’s firm typically invests in out of favor stocks that are trading at a discount to tangible book value. The portfolio managers look for companies that are in the bottom docile of price-tangible book ratios and have a positive earnings outlook over the next two to four years.

According to GuruFocus Real-Time Picks, a Premium feature, Smith invested in 3.01 million shares of

After years of limited investment in the stock market, Dr. Michael Burry, whose bet against the subprime market was memorialized in The Big Short, released a portfolio filing listing 16 stocks he owned during the fourth quarter.

Burry’s firm, Scion Capital Management, in 2016 filed a 13F declaring ownership of public shares for the first time since his triumphant housing market short. At that time, he surprised the public by disclosing stakes in the most shaken sector of the economic crisis, financials, with shares of Bank of America (BAC) and Bank of New York Mellon (BK). Within the year, however,

It is not unreasonable to say that Dr. Michael J. Burry is a legendary value investor. He was relatively unheard of before the financial crisis but made hundreds of millions of dollars for himself and his investors of Scion Capital during the crisis by betting against subprime mortgages.

The subprime debt wasn't his original specialty. Burry started Scion as a pure value hedge fund, and his returns in the first few years of managing the funds were second to none.

According to the author Michael Lewis, who wrote the book "The Big Short," which was later made into a film,

Corepoint Lodging Inc. (NYSE:CPLG) which was spun off from La Quinta Holdings Inc. in the second quarter of 2018, gave lower-than-expected initial 2018 earnings guidance, driven in large part by labor-cost pressures. The company also announced that the tax refund associated with its split from La Quinta will be lower than initially anticipated, and that its online travel agent rates would not benefit as much as previously expected from its new affiliation with Wyndham Hotels & Resorts.

From [url=http://www.gurufocus.com/StockBuy.php?GuruName=First+Eagle+Investment]First Eagle Investment[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=First+Eagle+Investment]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=First+Eagle+Investment]Portfolio[/url])'s First Eagle Fund of America's third-quarter 2018 shareholder commentary.