Billionaire investor Charles Brandes seeks to purchase out-of-favor securities that are trading at discounts to their intrinsic values. When he buys, he does not concentrate to certain ideas, he buys a basket of those ideas. He likes homebuilders and financials now. These are the details of the buys and sells during the 4th quarter.
Charles Brandes buys Wyeth, National City Corp., Fannie Mae, Tenet Healthcare Corp., ROYAL BANK ADS, Barclays PLC, Flextronics International Ltd., Idearc Inc., United Microelectronics Corp., Dillard's Inc., RentACenter Inc., LandAmerica Financial Group Inc., Downey Financial Corp., Tuesday Morning Corp., Telus Corp., Stein Mart Inc., SLM Corp., Spartech Corp., REXAM PLC ADR, Fidelity National Financial Inc., MGIC Investment Corp., Legacy Bancorp Inc., The First American Corp., BankUnited Financial Corp., BankAtlantic Bancorp Inc., United Financial Bancorp Inc., Wolseley plc, Finisar Corp., sells Akzo Nobel N.V., Merck & Co. Inc., Montpelier Re Holdings Ltd., Altria Group Inc., Millea Holdings Inc., LouisianaPacific Corp., KMG America Corp., Kansas City Life Insurance Company, Gateway Inc., ESS Technology Inc, CIBA Specialty Chemicals Holdi, Chiquita Brands International Inc., Cost Plus Inc., Chunghwa Telecom Co. Ltd. ADS's, Aspreva Pharmaceuticals Corp., National R.V. Holdings Inc., Molson Coors Brewing Company, The L.S. Starrett Company, Sharper Image Corp., Wellman Inc., Swisscom AG, Tribune Company during the 3-months ended 12/31/2007, according to the most recent filings of his investment company, Brandes Investment. Charles Brandes owns 202 stocks with a total value of $47.8 billion. These are the details of the buys and sells. Continue Reading »