Burry just bought a dirt cheap stock that's dropped almost 50% over the past year.

Hedge fund manager Michael Burry shot to stardom after predicting the collapse of the U.S. housing market back in 2007 -- and raking in $100 million for himself and more than $700 million for his investors thanks to his bet. And that's exactly why it's a great idea to take notice when Burry makes investing moves, especially ones that go against the crowd.

Burry, whose story was documented in the movie The Big Short , manages more than $578 million at Scion Asset Management, and recently revealed his latest moves as part of his 13F filing . These documents, submitted quarterly to the Securities and Exchange Commission, offer a glimpse into the strategies of managers of more than $100 million in securiti

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