Should I consider adding jeld-wen (jeld) to my portfolio?

Miller Value Partnersthe investment management company has released its 2025 investor letter for the first quarter of the “Deep Value Strategy.” A copy of a letter can do so I downloaded it from here. 2025 was unpredictable. After setting a new high in mid-February, the market saw double-digit declines at the end of the quarter and got off to a strong start until this year. As the administration implemented global tariffs, emotions quickly deteriorated due to rising economic uncertainty. In the quarter, the drawdown of the Deep Value Select strategy had a drawdown of -12.8% compared to a return of -.2% on the S&P 1500 value index and a return of -9.9% on the S&P 600 value index. Plus, check out our top 5 holdings funds to find out the best picks of 2025.

In the first quarter of investor letters in 2025, Miller Value Deep Value Strategy was Jeld-Wen Holding, Inc. (NYSE:jeld). Jeld-Wen Holding, Inc. (NYSE: JELD) is engaged in the design, manufacture and sale of wood, metal and composite doors, windows and related building products. Jeld-Wen Holding, Inc. (NYSE: JELD)’s one-month return was -15.55%, and its shares have lost 72.55% of its value in the past 52 weeks. April 22, 2025, Jeld-Wen Holding, Inc. (NYSE: JELD) shares closed at $5.16 per share, with a market capitalization of $440.486 million.

Mirror Value Deep Value Strategy is a Q1 2025 Investor Letter, Jeld-Wen Holding, Inc. Regarding (NYSE: JELD), the following has been stated:

“During the quarter, we made new investments in attractively priced building suppliers. Jeld-Wen Holding, Inc. (NYSE: jeld) is the main North America. A European manufacturer, windows in new construction and remodeling sectors for interior and exterior doors and windows. Jeld-wen’s stock price has fallen 73% below 73% in 52 weeks as it has experienced a weakening in revenue and profits. The company is implementing multi-year transformations that bring about automation and system enhancements to enhance manufacturing and warehouse footprints. Since 2023, the new senior management has removed $350 million from its cost structure, with management expecting $100 million per year for more productivity savings. There is a possibility of significant capital efficiency improvements as they streamline their infrastructure over the next five years. Additionally, like investments in Quad Graphics (Quad) and United Natural Foods (UNFI), Jeld-Wen owns real estate and provides a large safety margin for conversion plans. The company expects margins and profits at the historic valley level in early 2025, but the new cost-cutting programme should support improved margins and profits later in the year. The short-term risk is weakness in the housing and remodeling market, which increases the near-revenue weakness and slows down the company’s margin recovery. The long-term positive supply and demand dynamics (favourable demographics and limited supply) should shorten the current recession. Additionally, there have been recent market transactions that reinforce our views on Jeld-Wen’s important embedded value proposition. Owens Corning acquired Masonite International (interior/exterior door) in May 2024 with 8.6X EV/EBITDA. Jeld Wen should be a beneficiary of housing recovery with an incremental margin of 25-30% with future volume improvements. The long-term potential for rises from the transformation plan supports the goal of achieving double-digit normalized EBITDA margins, allowing the stock to realistically increase its current price level. ”