This Guy's Good
At the end of September the Value Trust owned 21.5 million shares of Eastman Kodak, which is soon to shed its title as the region's largest employer. That's almost 3 percent of the Value Trust's holdings. That amount also represents about 8 pecent of Kodak's outstanding stock. Miller has owned Kodak shares for more than five years.
The story indicates that Miller is a long-term investor with a lot of patience -- and that patience has paid off in spades by impressive rebounds. For example, he's owned the United Health Group for seven years. That company is up more than 40 percent in 2005.
Miller has indicated he thinks Kodak's strategy will result in a more prosperous company. That he is still in the game -- having bought some shares when Kodak was above $60 -- may be a good thing.
Here's another version of the same story, published by Bloomberg News and written by Democrat and Chronicle alum Danielle Kost.