Meredith , publisher of Better Homes and Gardens among many others, is the leader in women's publishing with a 40 percent market share, the portfolio manager told CNBC Friday.
He said the company is undervalued on earnings and cash flow, has a great balance sheet and stands to make a lot of money as more readers look at its magazines on their iPads and Kindle Fires, because that'll save on print publishing costs.
The fund, which was down 3.4 percent over the last year but up 18 percent over three years, looks for undervalued companies that pay dividends and have solid balance sheets, and Peck said Kaiser is a great example of that.
The company is "heavily levered to the aerospace cycle," he said. "No other company in the aerospace industry is trading under book value, and Kaiser is the one."
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Disclosures:
Disclosure information was not available for Adam Peck or his company.