Insurance and reinsurance provider Alleghany is too steady and smart an operator to trade at such a cheap earnings multiple, says Marian Kessler, Portfolio Manager for the Becker Value Equity Fund. Kessler says the company is a fantastic, long term manager of capital and makes conservative, intelligent acquisitions. She says Bed Bath and Beyond shares are oversold as a result of worries over the future of brick and mortar retailers and will soon bounce back. Finally, Kessler is bullish on DIRECTV, saying she expects the deal with AT&T will be consummated.
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