Skip to content
Subscriber Only

Tepper Sees Junk Debt at Fair Value, Equity Prices Not High

Billionaire hedge-fund manager David Tepper said price-to-earnings ratios for U.S. stocks aren’t high and that junk bonds are at the mid-point of fair value.

“The U.S. economy is pretty good, stocks are not at high multiples right now,” Tepper, who runs $20 billion hedge-fund firm Appaloosa Management LP, said in an interview today with Bloomberg Television’s Erik Schatzker and Stephanie Ruhle.