Verizon a Tremendous Value Despite Earnings Miss, Says GoodHaven Manager

Value investors should buy the Verizon selloff, says GoodHaven Fund manager Larry Pitkowsky, who also likes Leucadia National and Barrick Gold.
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The selloff in Verizon (VZ) - Get Report following its fourth-quarter earnings miss is the ideal opportunity for investors to scoop up the stock at a cheap price, said Larry Pitkowsky, portfolio manager for the GoodHaven Fund (GOODX) - Get Report . The value investor is also bullish on shares of Leucadia National (LUK) and Barrick Gold (ABX) , up almost 80% in the past 12 months, even as gold itself has only returned 6%.