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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.

The selloff in Verizon (VZ) - Get Free 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 Free 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%.