Billionaire investor Charles Brandes has added significantly to his positions in financials. Is he seeing that things are tuning around? These are his buys and sells during the second quarter. Charles Brandes owns 201 stocks with a total value of $34.8 billion.
Charles Brandes buys TELMEX INTERNACIONAL SAB DE CV, Wachovia Corp., Nissan Motor Co. Ltd., KeyCorp, ScheringPlough Corp., Bank of America Corp., Regions Financial Corp., Pilgrim's Pride Corp., Fidelity National Financial Inc., FairPoint Communications Inc., SunTrust Banks Inc., King Pharmaceuticals Inc., Huntington Bancshares Inc., Honda Motor Co. Ltd., Stewart Information Services Corp., The Colonial BancGroup Inc., Bank of Montreal, Palomar Medical Technologies Inc., OfficeMax Inc., MI Developments Inc. Surbordinate, Sun Microsystems Inc., Mylan Laboratories Inc., sells BankUnited Financial Corp., Toll Brothers Inc., Scottish RE Group Ltd., The Ryland Group Inc., RentACenter Inc., Qimonda AG, Pier 1 Imports Inc., MGIC Investment Corp., Lowe's Companies Inc., Johnson & Johnson, JDS Uniphase Corp., Huntsman Corp., Flextronics International Ltd., Furniture Brands International Inc., Electronic Data Systems Corp., United Microelectronics Corp. during the 3-months ended 06/30/2008, according to the most recent filings of his investment company, Brandes Investment. Charles Brandes owns 201 stocks with a total value of $34.8 billion. These are the details of the buys and sells.
- New Purchases: BAC, BMO, CNB, FNF, FRP, HBAN, HMC, JAVA, KEY, KG, MIM, MYL, NSANY, OMX, PMTI, PPC, RF, SGP, STC, STI, TII, WB,
- Added Positions: AIG, AM, AXP, BBT, BBX, BC, BCS, BVF, C, CAR, CIT, COT, CTB, CTX, CYMI, DDS, ERIC, FNSR, FRE, KFS, LFG, MAS, MOT, NCC, NNI, NVS, PNX, RBS, SEH, SMRT, SNE, TDK, TMB, TRX-B, TU, WLK, WM, ZQK,
- Reduced Positions: CBB, CLS, F, FSS, HIT, HRB, INTC, LSI, POL, SBS, SUP, T, TECUB, TMX, TV, UN, UTSI, VCI, VIV,
- Sold Out: BKUNA, EDS, FBN, FLEX, HUN, JDSU, JNJ, LOW, MTG, PIR, QI, RCII, RYL, SKRRF, TOL, UMC,
For the details of Charles Brandes's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Charles+Brandes
Added: American International Group Inc. (AIG)
Charles Brandes added to his holdings in American International Group Inc. by 464.03%. His purchase prices were between $27.75 and $48.77, with an estimated average price of $39.6. The impact to his portfolio due to this purchase was 1.08%. His holdings were 17,235,965 shares as of 06/30/2008.
American International Group Inc. world leaders in insurance and financial services is the leading international insurance organization with operations in more than one hundred thirty countries and jurisdictions. AIG companies serve commercial institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition AIG companies are leading providers of retirement services financial services and asset management around the world. American International Group Inc. has a market cap of $61.98 billion; its shares were traded at around $24.87 with P/S ratio of 0.64. The dividend yield of American International Group Inc. stocks is 2.99%.
Added: LM Ericsson Telephone Company (ERIC)
Charles Brandes added to his holdings in LM Ericsson Telephone Company by 92.63%. His purchase prices were between $9.59 and $13.77, with an estimated average price of $11.8. The impact to his portfolio due to this purchase was 0.52%. His holdings were 36,185,247 shares as of 06/30/2008.
Ericsson is a world-leading supplier in the fast-growing and dynamic telecommunications and data communications industry offering advanced communications solutions for mobile and fixed networks as well as consumer products. The company is a total solutions supplier for all customer segments: network operators and service providers enterprises and consumers. The company has the world's largest customer base in the telecommunications field. LM Ericsson Telephone Company has a market cap of $ million; its shares were traded at around $10.78 .
Added: CIT Group Inc. (CIT)
Charles Brandes added to his holdings in CIT Group Inc. by 182.39%. His purchase prices were between $8 and $14.68, with an estimated average price of $11.1. The impact to his portfolio due to this purchase was 0.39%. His holdings were 30,869,228 shares as of 06/30/2008.
CIT Group Inc. is a leading commercial and consumer finance company provides clients with financing and leasing products and advisory services. CIT Group Inc. has a market cap of $2.61 billion; its shares were traded at around $9.15 with P/S ratio of 0.78. The dividend yield of CIT Group Inc. stocks is 4.57%.
Added: Citigroup Inc. (C)
Charles Brandes added to his holdings in Citigroup Inc. by 17.32%. His purchase prices were between $16.96 and $25.94, with an estimated average price of $22. The impact to his portfolio due to this purchase was 0.31%. His holdings were 43,370,352 shares as of 06/30/2008.
Citigroup Inc. the leading global financial services company has some two hundred million customer accounts and does business in more than hundred countries providing consumers corporations governments and institutions with a broad range of financial products and services including consumer banking and credit corporate and investment banking securities brokerage and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank CitiFinancial Primerica Smith Barney and Banamex. Citigroup Inc. has a market cap of $105.59 billion; its shares were traded at around $19.39 with P/S ratio of 2.72. The dividend yield of Citigroup Inc. stocks is 6.78%.
Added: Freddie Mac (FRE)
Charles Brandes added to his holdings in Freddie Mac by 22.17%. His purchase prices were between $17.85 and $27.62, with an estimated average price of $24.6. The impact to his portfolio due to this purchase was 0.22%. His holdings were 25,862,685 shares as of 06/30/2008.
Freddie Mac is a stockholder-owned corporation that supports homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities which it finances primarily by issuing mortgage passthrough securities and debt instruments in the capital markets. (Company Press Release) Freddie Mac has a market cap of $3.82 billion; its shares were traded at around $5.9 with P/S ratio of 1.57. The dividend yield of Freddie Mac stocks is 12.53%.
Added: National City Corp. (NCC)
Charles Brandes added to his holdings in National City Corp. by 48.54%. His purchase prices were between $4.78 and $8.96, with an estimated average price of $6.3. The impact to his portfolio due to this purchase was 0.21%. His holdings were 46,209,897 shares as of 06/30/2008.
National City Corporation is a financial holding company. The company offers a full range of financial services including investment banking brokerage mutual fund insurance and traditional banking services to individuals and businesses. National City has offices in Ohio Pennsylvania Michigan Indiana Kentucky and Illinois. (Company Press Release) National City Corp. has a market cap of $3.89 billion; its shares were traded at around $5.12 with P/S ratio of 1.26. The dividend yield of National City Corp. stocks is 0.79%.
Added: Masco Corp. (MAS)
Charles Brandes added to his holdings in Masco Corp. by 44.23%. His purchase prices were between $15.69 and $19.85, with an estimated average price of $18.1. The impact to his portfolio due to this purchase was 0.19%. His holdings were 13,399,921 shares as of 06/30/2008.
Masco Corporation is the country's leading manufacturer of home improvement and building products that bring the highest quality and value to your home and family. Although Masco may not yet be a household word you probably recognize some of our family members. Currently we have over 30 quality building products manufacturers in our family. Masco Corp. has a market cap of $6.45 billion; its shares were traded at around $17.92 with a P/E ratio of 46.79 and P/S ratio of 0.56. The dividend yield of Masco Corp. stocks is 5.53%.
Added: Sony Corp. (SNE)
Charles Brandes added to his holdings in Sony Corp. by 31.39%. His purchase prices were between $40.76 and $50.39, with an estimated average price of $46.2. The impact to his portfolio due to this purchase was 0.16%. His holdings were 5,360,522 shares as of 06/30/2008.
Sony Corporation develops and manufactures consumer and industrial electronic equipment. The Company's products include audio and video equipment televisions displays semiconductors electronic components computers and computer peripherals and telecommunication equipment. The Company is also active in the worldwide music and image-based software markets. Sony Corp. has a market cap of $39.42 billion; its shares were traded at around $39.28 with a P/E ratio of 13.36 and P/S ratio of 0.48. The dividend yield of Sony Corp. stocks is 0.27%.
Added: Motorola Inc. (MOT)
Charles Brandes added to his holdings in Motorola Inc. by 13.25%. His purchase prices were between $7.35 and $10.01, with an estimated average price of $9.1. The impact to his portfolio due to this purchase was 0.15%. His holdings were 61,788,346 shares as of 06/30/2008.
Motorola Inc. is a global leader in providing integrated communications solutions and embedded electronic solutions. They manufacture telecommunication equipment and software for consumers network operators and commercial government and industrial customers. They also produce embedded semiconductor solutions embedded electronic systems digital and analog systems and set-top terminals for broadband cable television operators. Motorola Inc. has a market cap of $21.82 billion; its shares were traded at around $9.63 with P/S ratio of 0.61. The dividend yield of Motorola Inc. stocks is 2.27%.
Added: TDK Corp. (TDK)
Charles Brandes added to his holdings in TDK Corp. by 71.8%. His purchase prices were between $60.21 and $69.62, with an estimated average price of $65.6. The impact to his portfolio due to this purchase was 0.15%. His holdings were 2,017,446 shares as of 06/30/2008.
TDK Corp. has a portfolio of technologies originally developed for its businesses involving electronic materials components and devices semiconductor recording media and data storage devices. Its technical leadership includes materials research and development for dielectric organic and semiconductor materials process technologies for thick and thin film metal semiconductors and integration technologies. TDK technologies can be found in multimedia video television personal computers mobile communications and semiconductors. (PRESS RELEASE) TDK Corp. has a market cap of $7.92 billion; its shares were traded at around $61.4 with a P/E ratio of 14.48 and P/S ratio of 1.01. The dividend yield of TDK Corp. stocks is 1.84%.
Added: Novartis AG (NVS)
Charles Brandes added to his holdings in Novartis AG by 42.97%. His purchase prices were between $47.48 and $53.42, with an estimated average price of $51.1. The impact to his portfolio due to this purchase was 0.14%. His holdings were 2,817,599 shares as of 06/30/2008.
Novartis AG is committed to improving health and well-being through innovative products and services. The company aspires to capture and hold a leadership position in all of their businesses with a strong sustainable performance based on continuous innovation. Their long-term success is founded on meeting the expectations of all our stakeholders - their customers their people their shareholders and the communities in which they live and work. Novartis AG has a market cap of $130.93 billion; its shares were traded at around $57.85 with a P/E ratio of 10.75 and P/S ratio of 3.17. The dividend yield of Novartis AG stocks is 2.2%.
Added: ROYAL BANK ADS (RBS)
Charles Brandes added to his holdings in ROYAL BANK ADS by 19.48%. His purchase prices were between $4.35 and $7.76, with an estimated average price of $6.1. The impact to his portfolio due to this purchase was 0.1%. His holdings were 49,412,568 shares as of 06/30/2008.
The Royal Bank of Scotland Group plc is the holding company of one of the world?s largest banking and financial services groups with a market capitalisation of ?62.8 billion at the end of 2006. Headquartered in Edinburgh the Group operates in the UK US and internationally through its two principal subsidiaries the Royal Bank and NatWest. Both the Royal Bank and NatWest are major UK clearing banks whose origins go back over 275 years. In the US the Group?s subsidiary Citizens is ranked the eighth largest commercial banking organisation by deposits. The Group has a large and diversified customer base and provides a wide range of products and services to personal commercial and large corporate and institutional customers. ROYAL BANK ADS has a market cap of $ million; its shares were traded at around $4.77 . The dividend yield of ROYAL BANK ADS stocks is 25.47%.
Added: Washington Mutual Inc. (WM)
Charles Brandes added to his holdings in Washington Mutual Inc. by 11.97%. His purchase prices were between $4.79 and $12.65, with an estimated average price of $9.3. The impact to his portfolio due to this purchase was 0.09%. His holdings were 59,042,738 shares as of 06/30/2008.
Washington Mutual Inc. is engaged in consumer banking mortgage banking commercial banking financial services and consumer finance. The companyconducts its business operations through its subsidiaries. The company's principal banking subsidiaries are Washington Mutual Bank FA Washington Mutual Bank and Washington Mutual Bank fsb. Its other principal subsidiaries are Washington Mutual Finance Corporation Long Beach Mortgage Company and WM Financial Services Inc. Washington Mutual Inc. has a market cap of $7.78 billion; its shares were traded at around $4.58 with P/S ratio of 5.70. The dividend yield of Washington Mutual Inc. stocks is 0.75%.
Added: Barclays PLC (BCS)
Charles Brandes added to his holdings in Barclays PLC by 28.11%. His purchase prices were between $23.59 and $39.45, with an estimated average price of $32.1. The impact to his portfolio due to this purchase was 0.08%. His holdings were 5,758,068 shares as of 06/30/2008.
Barclays PLC operates in commercial and investment banking insurance financial and other related services. Barclays subsidiary Barclays Bank PLC maintains 2500 branches in the United Kingdom and 1000 branches in over 75 other countries. Barclays PLC has a market cap of $45.81 billion; its shares were traded at around $28.68 with a P/E ratio of 5.54 and P/S ratio of 1.08. The dividend yield of Barclays PLC stocks is 9.87%.
Added: Biovail Corp. (BVF)
Charles Brandes added to his holdings in Biovail Corp. by 600.25%. His purchase prices were between $9.94 and $12.41, with an estimated average price of $11.2. The impact to his portfolio due to this purchase was 0.08%. His holdings were 3,414,288 shares as of 06/30/2008.
Biovail Corporation is a specialty pharmaceutical company engaged in the formulation clinical testing registration manufacture and commercialization of pharmaceutical products utilizing advanced drug-delivery technologies. Biovail's position of leadership as an innovative developer of medicines is based on its use of advanced drug- delivery technologies that provide significant therapeutic advantages over existing formulations. The Company has a number of proprietary drug-delivery platforms that can be applied to existing in-market drugs to develop enhanced formulations that offer more consistent drug release greater patient compliance and potentially superior efficacy and lower incidence of side effects. Biovail Corp. has a market cap of $1.61 billion; its shares were traded at around $9.98 with a P/E ratio of 10.16 and P/S ratio of 2.00. The dividend yield of Biovail Corp. stocks is 14.82%.
Added: Telemig Celular Participaes S.A. (TMB)
Charles Brandes added to his holdings in Telemig Celular Participaes S.A. by 903.93%. His purchase prices were between $56.44 and $67.26, with an estimated average price of $61.9. The impact to his portfolio due to this purchase was 0.05%. His holdings were 341,888 shares as of 06/30/2008.
Telemig Celular Participaes S.A. has a market cap of $995.67 million; its shares were traded at around $55 with a P/E ratio of 6.61 and P/S ratio of 1.09. The dividend yield of Telemig Celular Participaes S.A. stocks is 2.18%.
Added: BB&T Corp. (BBT)
Charles Brandes added to his holdings in BB&T Corp. by 2654.27%. His purchase prices were between $23.25 and $35.77, with an estimated average price of $30.7. The impact to his portfolio due to this purchase was 0.03%. His holdings were 429,748 shares as of 06/30/2008.
BB&T Corporation is a multi-bank holding company. The company offers full-service commercial and retail banking and additional financial services such as insurance corporate finance international banking leasing and trust. BB&T conducts its operations in North Carolina South Carolina Virginia Maryland Georgia West Virginia Kentucky and the metropolitan Washington D.C. area. BB&T Corp. has a market cap of $16.61 billion; its shares were traded at around $30.37 with a P/E ratio of 9.78 and P/S ratio of 2.59. The dividend yield of BB&T Corp. stocks is 6.47%.
Added: Brunswick Corp. (BC)
Charles Brandes added to his holdings in Brunswick Corp. by 75.87%. His purchase prices were between $11.25 and $17.41, with an estimated average price of $14.9. The impact to his portfolio due to this purchase was 0.02%. His holdings were 1,661,001 shares as of 06/30/2008.
Brunswick Corporation is a manufacturer and marketer of leading consumer brands in four segments: Marine Engines Boats Fitness and Bowling & Billiards. The company also owns and operates: Brunswick bowling centers across the United States and internationally; Land 'N' Sea a distributor of marine parts and accessories; and Omni Fitness a chain of specialty fitness equipment retail stores. Brunswick Corp. has a market cap of $1.29 billion; its shares were traded at around $14.72 with a P/E ratio of 81.78 and P/S ratio of 0.21. The dividend yield of Brunswick Corp. stocks is 4.58%.
Added: Cott Corp. (COT)
Charles Brandes added to his holdings in Cott Corp. by 63.54%. His purchase prices were between $2.49 and $3.38, with an estimated average price of $2.9. The impact to his portfolio due to this purchase was 0.02%. His holdings were 6,211,089 shares as of 06/30/2008.
Cott Corporation is one of the world's largest non-alcoholic beverage companies and the world's largest retailer brand soft drink provider. The Company commercializes its business in over Sixty countries worldwide with its principal markets being the United States Canada the United Kingdom and Mexico. Cott markets or supplies over two hundred retailer and licensed brands and Company-owned brands including Cott RC Vintage Vess and So Clear. Its products include carbonated soft drinks sparkling and flavored waters energy drinks sports drinks juices juice drinks and smoothies ready-to-drink teas and other non-carbonated beverages. Cott Corp. has a market cap of $205.58 million; its shares were traded at around $2.89 with P/S ratio of 0.12. The dividend yield of Cott Corp. stocks is 0.73%.
Added: Finisar Corp. (FNSR)
Charles Brandes added to his holdings in Finisar Corp. by 123.64%. His purchase prices were between $1.2 and $1.84, with an estimated average price of $1.5. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,896,180 shares as of 06/30/2008.
FINISAR CORP. is a provider of fiber optic subsystems and network test and monitoring systems which enable high-speed data communications over local area networks or LANs storage area networks or SANs and metropolitan access networks or MANs. They are focused on the application of digital fiber optics to provide aline of high-performance reliable value-added optical subsystems for data networking and storage equipment manufacturers. Finisar Corp. has a market cap of $426.38 million; its shares were traded at around $1.38 with P/S ratio of 0.95.
Added: Kingsway Financial Services Inc. (KFS)
Charles Brandes added to his holdings in Kingsway Financial Services Inc. by 35.48%. His purchase prices were between $8.02 and $14.43, with an estimated average price of $10.5. The impact to his portfolio due to this purchase was 0.01%. His holdings were 2,039,390 shares as of 06/30/2008.
Kingsway Financial is involved in the insuring of automobile risks for drivers who do not meet the criteria for coverage by standard automobile insurers. The Company currently operates through wholly-owned subsidiaries in Canada and the U.S. Kingsway Financial Services Inc. has a market cap of $427.63 million; its shares were traded at around $7.74 with P/S ratio of 0.21. The dividend yield of Kingsway Financial Services Inc. stocks is 4.32%.
Added: Quiksilver Inc. (ZQK)
Charles Brandes added to his holdings in Quiksilver Inc. by 74.98%. His purchase prices were between $8.54 and $10.41, with an estimated average price of $9.7. The impact to his portfolio due to this purchase was 0.01%. His holdings were 647,015 shares as of 06/30/2008.
Quiksilver Inc. is the world's leading outdoor sports lifestyle company which designs produces and distributes a diversified mix of branded apparel wintersports and golf equipment footwear accessories and related products. The Company's apparel and footwear brands represent a casual lifestyle for young-minded people that connect with its boardriding culture and heritage while its wintersports and golf brands symbolize a long standing commitment to technical expertise and competitive success on the mountains and on the links. The reputation of Quiksilver Inc.'s brands is based on different outdoor sports. The Company's Quiksilver Roxy DC Shoes and Hawk brands are synonymous with the heritage and culture of surfing skateboarding and snowboarding and its beach & water oriented swimwear brands include Raisins Radio Fiji and Leilani. Quiksilver Inc. has a market cap of $1.03 billion; its shares were traded at around $8.1 with P/S ratio of 0.38.
Added: Westlake Chemical Corp. (WLK)
Charles Brandes added to his holdings in Westlake Chemical Corp. by 21.95%. His purchase prices were between $15.38 and $17.35, with an estimated average price of $16.5. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,083,292 shares as of 06/30/2008.
Westlake Chemical Corporation is a vertically integrated international manufacturer and supplier of petrochemicals polymers and fabricated products. The company's range of products includes ethylene polyethylene styrene vinyl intermediates PVC PVC Pipe PVC windows fence and decking components. Westlake Chemical Corp. has a market cap of $1.31 billion; its shares were traded at around $20.03 with a P/E ratio of 11.91 and P/S ratio of 0.35. The dividend yield of Westlake Chemical Corp. stocks is 1.16%.
Added: The Phoenix Companies Inc. (PNX)
Charles Brandes added to his holdings in The Phoenix Companies Inc. by 23.31%. His purchase prices were between $7.88 and $13.22, with an estimated average price of $10.8. The impact to his portfolio due to this purchase was 0.01%. His holdings were 2,198,009 shares as of 06/30/2008.
Phoenix Companies Inc. is leading provider of wealth management products and services offered through a variety of select advisors and financial services firms to serve the accumulation preservation and transfer needs of the affluent and high net worth market businesses and institutions. The company refers to its products and services together as its wealth management solutions. The company offers a broad range of life insurance variable annuity and investment management solutions through a variety of distributors. The Phoenix Companies Inc. has a market cap of $1.21 billion; its shares were traded at around $10.6 with a P/E ratio of 33.87 and P/S ratio of 0.46. The dividend yield of The Phoenix Companies Inc. stocks is 1.62%.
Added: Cooper Tire & Rubber Company (CTB)
Charles Brandes added to his holdings in Cooper Tire & Rubber Company by 1559.34%. His purchase prices were between $8 and $15.18, with an estimated average price of $11.9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 561,190 shares as of 06/30/2008.
Cooper Tire & Rubber Company specializes in the manufacture and marketing of automotive products. Products for Cooper's Tire Group include automotive motorcycle and truck tires inner tubes tread rubber and equipment. In the Automotive Group Cooper is an original equipment supplier of sealing trim NVH control systems and fluid handling systems for the automotive industry in North America Europe and South America. (PRESS RELEASE) Cooper Tire & Rubber Company has a market cap of $593.08 million; its shares were traded at around $10.07 with a P/E ratio of 10.14 and P/S ratio of 0.18. The dividend yield of Cooper Tire & Rubber Company stocks is 4.63%.
Added: Centex Corp. (CTX)
Charles Brandes added to his holdings in Centex Corp. by 20.78%. His purchase prices were between $13.92 and $26.06, with an estimated average price of $19.7. The impact to his portfolio due to this purchase was 0.01%. His holdings were 850,997 shares as of 06/30/2008.
Centex Corporation is the nation's premier company in building and related services: Home Building Home Services Financial Services Contracting and Construction Services Construction Products and Investment Real Estate. Centex Corp. has a market cap of $1.94 billion; its shares were traded at around $15.61 with P/S ratio of 0.24. The dividend yield of Centex Corp. stocks is 1.09%.
Added: Dillard's Inc. (DDS)
Charles Brandes added to his holdings in Dillard's Inc. by 33.28%. His purchase prices were between $11.66 and $22.33, with an estimated average price of $17.7. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,692,097 shares as of 06/30/2008.
Dillard's Inc. is one of the nation's largest fashion apparel and home furnishings retailers. The company's stores operate with one name Dillard's and span numerous states. Dillard's offers a distinctive mix of name brand and private label merchandise appealing to a broad range of customers. Dillard's Inc. has a market cap of $816.80 million; its shares were traded at around $10.85 with a P/E ratio of 62.00 and P/S ratio of 0.10. The dividend yield of Dillard's Inc. stocks is 1.57%.
Added: LandAmerica Financial Group Inc. (LFG)
Charles Brandes added to his holdings in LandAmerica Financial Group Inc. by 32%. His purchase prices were between $22.56 and $38.58, with an estimated average price of $30.7. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 123,880 shares as of 06/30/2008.
LandAmerica Financial Group Inc. through its principal subsidiary Lawyers Title Insurance Corporation is engaged primarily in the title insurance business through its network of branches service offices subsidiaries and agencies. In addition to writing title insurance in some states Lawyers Title furnishes certificates of title and abstracts of title. Lawyers Title also offers a closing protection letter to lenders and owners who purchase title insurance and in some areas it also serves as an escrow agent in closing real estate transactions. LandAmerica Financial Group Inc. has a market cap of $204.35 million; its shares were traded at around $13.2 with P/S ratio of 0.06. The dividend yield of LandAmerica Financial Group Inc. stocks is 10.26%.
Added: Avis Budget Group Inc. (CAR)
Charles Brandes added to his holdings in Avis Budget Group Inc. by 61.05%. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 309,963 shares as of 06/30/2008.
Avis Budget Group Inc. is a leading provider of vehicle rental services with operations in more than seventy countries. Through its Avis and Budget brands the company is the largest general-use vehicle rental company in each of North America Australia New Zealand and certain other regions. Avis Budget Group is headquartered in Parsippany N.J. Avis is a leading supplier to the premium commercial and leisure segments of the travel industry and Budget is a leading supplier to price-conscious car rental segments. Avis Budget Group maintains the leading share of airport car rental revenue and we operate the second largest consumer truck rental business in the United States. The company generate significant benefits from operating two distinctive car rental brands targeting different market segments but share the same fleet maintenance facilities technology and administrative infrastructure Avis Budget Group Inc. has a market cap of $751.11 million; its shares were traded at around $7.43 with P/S ratio of 0.12.
Added: Tronox Inc. (TRX-B)
Charles Brandes added to his holdings in Tronox Inc. by 24.39%. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 1,568,647 shares as of 06/30/2008.
TRONOX INCORPORATED is the world?s third-largest producer and marketer of titanium dioxide pigment. Titanium dioxide pigment is an inorganic white pigment used in paint coatings plastics paper and many other everyday products. The company?s five pigment plants which are located in the United States Australia Germany and the Netherlands supply high-performance products to approximately over a thousand customers throughout the world. In addition Tronox produces electrolytic products including sodium chlorate electrolytic manganese dioxide boron trichloride elemental boron and lithium manganese oxide. Tronox Inc. has a market cap of $ million; its shares were traded at around $1.12 . The dividend yield of Tronox Inc. stocks is 2.6%.
Added: BankAtlantic Bancorp Inc. (BBX)
Charles Brandes added to his holdings in BankAtlantic Bancorp Inc. by 43.07%. His purchase prices were between $1.69 and $3.64, with an estimated average price of $2.4. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 583,095 shares as of 06/30/2008.
BankAtlantic is a fed.-charteredfed.-insured savings bank which provides traditional retail banking services & a full range of commercial banking products & related financial services.The principal business of BankAtlantic is attracting checking & savings deposits from the public & general business customers & using these deposits to originate commercial real estate & business loansres. real estate loans & consumer loansto purchase wholesale res. loans from 3rd parties & to make other permitted investments. BankAtlantic Bancorp Inc. has a market cap of $75.78 million; its shares were traded at around $1.35 with P/S ratio of 0.45. The dividend yield of BankAtlantic Bancorp Inc. stocks is 1.41%.
Added: Nelnet Inc. (NNI)
Charles Brandes added to his holdings in Nelnet Inc. by 34.1%. His purchase prices were between $10.65 and $14.04, with an estimated average price of $12.5. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 222,795 shares as of 06/30/2008.
Nelnet Inc is an educational finance companies and is focused on providing quality student loan products and services to students and schools nationwide. Nelnet offers a broad range of student loan and financial services and technology-based products including student loan origination and lending guarantee servicing and a suite of software solutions. Their products are designed to simplify the student loan process by automating financial aid delivery loan processing and funds disbursement. Nelnet Inc. has a market cap of $558.28 million; its shares were traded at around $11.3 with P/S ratio of 1.09. The dividend yield of Nelnet Inc. stocks is 1.93%.
Added: Cymer Inc. (CYMI)
Charles Brandes added to his holdings in Cymer Inc. by 56.92%. His purchase prices were between $24.01 and $30.92, with an estimated average price of $27.8. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 83,200 shares as of 06/30/2008.
Cymer Inc. is one of the world's leading suppliers of excimer laser illumination sources the essential light source for deep ultraviolet photolithography systems used in the manufacture of semiconductors. Deep ultraviolet lithography is a key enabling technology that has allowed the semiconductor industry to meet the exacting specifications and manufacturing requirements for volume production of today's most advanced semiconductor devices. Cymer's lasers are incorporated into step-and-repeat and step-and-scan photolithography systems. Cymer Inc. has a market cap of $876.60 million; its shares were traded at around $29.36 with a P/E ratio of 13.33 and P/S ratio of 1.59.
Added: Telus Corp. (TU)
Charles Brandes added to his holdings in Telus Corp. by 55.25%. His purchase prices were between $40.24 and $46.52, with an estimated average price of $43.8. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 62,100 shares as of 06/30/2008.
Telus Corp is the largest telecommunications company in Western Canada and the second largest in the country. The company provides clients with a full range of telecommunications products and services including data Internet Protocol voice and TELUS Mobility wireless services across Canada. Telus Corp. has a market cap of $11.87 billion; its shares were traded at around $36.93 with a P/E ratio of 9.47 and P/S ratio of 1.30. The dividend yield of Telus Corp. stocks is 5.16%.
Added: Stein Mart Inc. (SMRT)
Charles Brandes added to his holdings in Stein Mart Inc. by 141.47%. His purchase prices were between $4.51 and $5.81, with an estimated average price of $5.2. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 231,555 shares as of 06/30/2008.
Stein Mart Inc. operates retail store chain offering fashionable current-season primarily branded merchandise comparable in quality and presentation to that of traditional department and fine specialty stores at prices typically 25% to 60% below those regularly charged by such stores. The company is focused on assorting merchandise that features moderate to designer brand-name apparel for women men and children as well as accessories gifts linens shoes and fragrances. Stein Mart Inc. has a market cap of $208.88 million; its shares were traded at around $4.96 with P/S ratio of 0.13. The dividend yield of Stein Mart Inc. stocks is 5.7%.
Added: American Greetings Corp. (AM)
Charles Brandes added to his holdings in American Greetings Corp. by 31.96%. His purchase prices were between $12.42 and $19.54, with an estimated average price of $17.8. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 269,128 shares as of 06/30/2008.
American Greetings Corporation is the world's largest publicly held creator manufacturer and distributor of greeting cards and social expression products. Its staff of artists designers and writers comprises one of the largest creative departments in the world and helps consumers ``say it best'' by supplying greeting cards to retail outlets in nearly every English-speaking country. (PRESS RELEASE) American Greetings Corp. has a market cap of $775.56 million; its shares were traded at around $15.88 with a P/E ratio of 12.65 and P/S ratio of 0.42. The dividend yield of American Greetings Corp. stocks is 3.11%.
Added: Spartech Corp. (SEH)
Charles Brandes added to his holdings in Spartech Corp. by 78.03%. His purchase prices were between $8.78 and $10.72, with an estimated average price of $9.8. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 500,335 shares as of 06/30/2008.
SPARTECH CORP. is in the plastics processing business with its two lines of business being: Extruded Sheet & Rollstock - which sells its products to various manufacturers who use plastic components in their industrial products. Merchant Compounding - which sells specialty alloys compounds and color concentrates principally to manufacturers of specialized footwear shutters loose-leaf binders cosmetic packaging products and numerous other custom plastic applications. Spartech Corp. has a market cap of $287.25 million; its shares were traded at around $9.4 with a P/E ratio of 26.70 and P/S ratio of 0.20. The dividend yield of Spartech Corp. stocks is 5.19%.
Added: American Express Company (AXP)
Charles Brandes added to his holdings in American Express Company by 80.18%. His purchase prices were between $37.88 and $50.18, with an estimated average price of $45.3. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 22,549 shares as of 06/30/2008.
American Express Company is primarily engaged in the business of providing travel related services financial advisory services and international banking services throughout the world. American Express Travel Related Services Company Inc. provides a variety of products and services including global network services the American Express Card the Optima Card and other consumer and corporate lending products stored value products and several others. American Express Company has a market cap of $43.84 billion; its shares were traded at around $37.81 with a P/E ratio of 12.53 and P/S ratio of 1.29. The dividend yield of American Express Company stocks is 1.94%.
New Purchase: TELMEX INTERNACIONAL SAB DE CV (TII)
Charles Brandes initiated holdings in TELMEX INTERNACIONAL SAB DE CV. His purchase prices were between $16.35 and $17.68, with an estimated average price of $16.8. The impact to his portfolio due to this purchase was 1.27%. His holdings were 27,558,385 shares as of 06/30/2008.
TELMEX INTERNATIONAL operates in Argentina Brazil Chile Colombia Ecuador Peru and Uruguay offering one complete structure of regional and local support to respond with opportunity and efficiency to the requirements of the clients. Their portfolio of services includes products of local telephony and long distance data transmission access to Internet services of added value and content of TV of the greater quality taking care of an increasing base of corporative clients residential SMEs. TELMEX INTERNATIONAL also operates in Mexico through Yellow Section. TELMEX INTERNACIONAL SAB DE CV has a market cap of $247.24 billion; its shares were traded at around $13.05 with a P/E ratio of 420.97 and P/S ratio of 34.15.
New Purchase: Wachovia Corp. (WB)
Charles Brandes initiated holdings in Wachovia Corp.. His purchase prices were between $16.22 and $29.62, with an estimated average price of $24.1. The impact to his portfolio due to this purchase was 1.23%. His holdings were 27,558,046 shares as of 06/30/2008.
Wachovia Corporation is a leading provider of financial services to retail and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices in East Coast states and Washington D.C. and offers full-service brokerage with offices in 47 states and global services through more than 30 international offices. Wachovia Corp. has a market cap of $38.3 billion; its shares were traded at around $17.93 with P/S ratio of 1.98. The dividend yield of Wachovia Corp. stocks is 7.9%.
New Purchase: Nissan Motor Co. Ltd. (NSANY)
Charles Brandes initiated holdings in Nissan Motor Co. Ltd.. His purchase prices were between $16.04 and $18.71, with an estimated average price of $17.4. The impact to his portfolio due to this purchase was 0.33%. His holdings were 6,911,641 shares as of 06/30/2008.
Nissan Motor Company Ltd. manufactures and markets motor vehicles and parts. In North America Nissan's operations include styling engineering manufacturing sales customer and corporate finance and industrial and textile equipment. Nissan in North America employs more than 20000 people in the United States Canada and Mexico and generates nearly 75000 jobs through its 1500 Nissan and Infinity dealerships across the continent. Nissan Motor Co. Ltd. has a market cap of $ million; its shares were traded at around $15.63 . The dividend yield of Nissan Motor Co. Ltd. stocks is 4.2%.
New Purchase: KeyCorp (KEY)
Charles Brandes initiated holdings in KeyCorp. His purchase prices were between $11.14 and $25.06, with an estimated average price of $20. The impact to his portfolio due to this purchase was 0.32%. His holdings were 10,107,570 shares as of 06/30/2008.
KeyCorp is an integrated multi-line financial services company. Its subsidiaries provide a wide range of investment management retail and commercial banking consumer finance and investment banking products and services to corporate individual and institutional clients through four lines of business: Key Retail Banking Key Specialty Finance Key Corporate Capital and Key Capital Partners. KeyCorp has a market cap of $5.8 billion; its shares were traded at around $11.94 with P/S ratio of 1.77. The dividend yield of KeyCorp stocks is 13.67%.
New Purchase: ScheringPlough Corp. (SGP)
Charles Brandes initiated holdings in ScheringPlough Corp.. His purchase prices were between $16.01 and $20.33, with an estimated average price of $18.6. The impact to his portfolio due to this purchase was 0.28%. His holdings were 4,870,546 shares as of 06/30/2008.
Schering-Plough Corporation and its subsidiaries are engaged in the discovery development manufacturing and marketing of pharmaceutical products worldwide. The company operates primarily in the prescription pharmaceutical marketplace. However where appropriate the company has sought regulatory approval to switch prescription products to over-the-counter status as a means of extending a product's life cycle. ScheringPlough Corp. has a market cap of $33.54 billion; its shares were traded at around $20.63 with P/S ratio of 2.03. The dividend yield of ScheringPlough Corp. stocks is 1.27%.
New Purchase: Bank of America Corp. (BAC)
Charles Brandes initiated holdings in Bank of America Corp.. His purchase prices were between $24.59 and $39.03, with an estimated average price of $33.8. The impact to his portfolio due to this purchase was 0.19%. His holdings were 2,705,315 shares as of 06/30/2008.
Bank of America Corp. is one of the world's leading financial services companies. Bank of America provides individuals small businesses and commercial corporate and institutional clients across the United States and around the world new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever wherever and however they choose. Bank of America Corp. has a market cap of $143.61 billion; its shares were traded at around $32.25 with a P/E ratio of 17.76 and P/S ratio of 2.89. The dividend yield of Bank of America Corp. stocks is 7.68%.
New Purchase: Regions Financial Corp. (RF)
Charles Brandes initiated holdings in Regions Financial Corp.. His purchase prices were between $10.78 and $22.81, with an estimated average price of $17.8. The impact to his portfolio due to this purchase was 0.02%. His holdings were 773,551 shares as of 06/30/2008.
Regions Financial Corporation is a regional bank holding company and hasbanking-related subsidiaries engaged in mortgage banking credit life insurance leasing and securities brokerage activities with offices in various Southeastern states. Through its subsidiaries Regions offers a broad range of banking and banking-related services. Regions Financial Corp. has a market cap of $6.7 billion; its shares were traded at around $9.64 with a P/E ratio of 5.40 and P/S ratio of 1.00. The dividend yield of Regions Financial Corp. stocks is 15.95%.
New Purchase: Pilgrim's Pride Corp. (PPC)
Charles Brandes initiated holdings in Pilgrim's Pride Corp.. His purchase prices were between $13.6 and $25.97, with an estimated average price of $21.5. The impact to his portfolio due to this purchase was 0.01%. His holdings were 205,732 shares as of 06/30/2008.
Pilgrim's Pride Corporation is one of the largest producers ofprepared and fresh chicken products in North America and has one of thebest known brand names in the chicken industry. Through vertical integration they control the breeding hatching and growing of chickens and the processing preparation packaging and sale of their product lines. Pilgrim's Pride Corp. has a market cap of $1.17 billion; its shares were traded at around $15.8 with P/S ratio of 0.13. The dividend yield of Pilgrim's Pride Corp. stocks is 0.74%.
New Purchase: SunTrust Banks Inc. (STI)
Charles Brandes initiated holdings in SunTrust Banks Inc.. His purchase prices were between $37.04 and $57.77, with an estimated average price of $50.3. The impact to his portfolio due to this purchase was 0.01%. His holdings were 117,155 shares as of 06/30/2008.
SunTrust Banks Inc. is a commercial banking organization. The company provides a wide range of services to meet the financial needs of its growing customer base in Alabama Florida Georgia Maryland Tennessee Virginia and the District of Columbia. Its primary businesses include traditional deposit and credit services as well as trust and investment services. (Company Press Release) SunTrust Banks Inc. has a market cap of $15.67 billion; its shares were traded at around $44.31 with a P/E ratio of 12.52 and P/S ratio of 2.22. The dividend yield of SunTrust Banks Inc. stocks is 7.33%.
New Purchase: Huntington Bancshares Inc. (HBAN)
Charles Brandes initiated holdings in Huntington Bancshares Inc.. His purchase prices were between $6.11 and $10.88, with an estimated average price of $8.7. The impact to his portfolio due to this purchase was 0.01%. His holdings were 586,355 shares as of 06/30/2008.
Huntington Bancshares is a multi-state bank holding company. Its subsidiaries conduct a full-service commercial and consumer bankingbusiness engage in mortgage banking lease financing trust services discount brokerage services underwriting credit life and disability insurance selling other insurance products and issuing commercial paper guaranteed by Huntington and providing other financial products and services. Huntington Bancshares Inc. has a market cap of $2.87 billion; its shares were traded at around $7.84 with a P/E ratio of 23.26 and P/S ratio of 1.62. The dividend yield of Huntington Bancshares Inc. stocks is 7.6%.
New Purchase: Fidelity National Financial Inc. (FNF)
Charles Brandes initiated holdings in Fidelity National Financial Inc.. His purchase prices were between $12.81 and $18.15, with an estimated average price of $16.1. The impact to his portfolio due to this purchase was 0.01%. His holdings were 222,740 shares as of 06/30/2008.
Fidelity National Title Group Inc. is a leading provider of title insurance specialty insurance and claims management services. FNT is one of the nation's largest title insurance companies through its title insurance underwriters. FNT also provides flood insurance personal lines insurance and home warranty insurance through it specialty insurance business. FNT also is a leading provider of outsourced claims management services to large corporate and public sector entities through its minority-owned subsidiary Sedgwick CMS. Fidelity National Financial Inc. has a market cap of $2.85 billion; its shares were traded at around $13.32 with P/S ratio of 0.56. The dividend yield of Fidelity National Financial Inc. stocks is 8.88%.
New Purchase: FairPoint Communications Inc. (FRP)
Charles Brandes initiated holdings in FairPoint Communications Inc.. His purchase prices were between $7.04 and $9.16, with an estimated average price of $8.1. The impact to his portfolio due to this purchase was 0.01%. His holdings were 264,113 shares as of 06/30/2008.
FairPoint is a leading provider of communications services to rural communities across the country. FairPoint's mission is to acquire and operate telecommunications companies that set the standard of excellence for the delivery of service to rural communities. FairPoint Communications Inc. has a market cap of $380.09 million; its shares were traded at around $7.07 with a P/E ratio of 13.52 and P/S ratio of 0.27. The dividend yield of FairPoint Communications Inc. stocks is 14.8%.
New Purchase: King Pharmaceuticals Inc. (KG)
Charles Brandes initiated holdings in King Pharmaceuticals Inc.. His purchase prices were between $8.76 and $10.26, with an estimated average price of $9.6. The impact to his portfolio due to this purchase was 0.01%. His holdings were 208,265 shares as of 06/30/2008.
King Pharmaceuticals Inc. is a vertically integrated pharmaceutical company that manufactures markets and sells primarily branded prescription pharmaceutical products. Through a national sales force they market their branded pharmaceutical products to general/family practitioners internal medicine physicians cardiologists endocrinologists pediatricians and hospitals across the country. King Pharmaceuticals Inc. has a market cap of $2.64 billion; its shares were traded at around $10.71 with a P/E ratio of 16.92 and P/S ratio of 1.21.
New Purchase: Honda Motor Co. Ltd. (HMC)
Charles Brandes initiated holdings in Honda Motor Co. Ltd.. His purchase prices were between $28.07 and $35.65, with an estimated average price of $32.4. The impact to his portfolio due to this purchase was 0.01%. His holdings were 53,470 shares as of 06/30/2008.
Honda manufactures a wide range of products including motorcycles ATVs generators marine engines lawn and garden equipment and automobiles. Historically Honda has been a leader in fuel-efficiency and low-emission technology. Honda Motor Co. Ltd. has a market cap of $118.02 billion; its shares were traded at around $32.52 with a P/E ratio of 21.12 and P/S ratio of 1.04. The dividend yield of Honda Motor Co. Ltd. stocks is 0.58%.
New Purchase: MI Developments Inc. Surbordinate (MIM)
Charles Brandes initiated holdings in MI Developments Inc. Surbordinate. His purchase prices were between $22.43 and $27.88, with an estimated average price of $26.1. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 19,000 shares as of 06/30/2008.
MI Developments Inc. is a real estate operating company engaged in the ownership management leasing development and acquisition of industrial and commercial real estate properties located in North America and Europe. Virtually all of its income-producing properties are under lease to Magna and its subsidiaries. MID also holds a controlling investment in MEC a publicly-traded company that based on revenues is North America's number one owner and operator of horse racetracks and one of the world's leading suppliers via simulcasting of live racing content to the growing inter-track off-track and account wagering markets. MI Developments Inc. Surbordinate has a market cap of $907.98 million; its shares were traded at around $19.44 with a P/E ratio of 40.58 and P/S ratio of 1.19. The dividend yield of MI Developments Inc. Surbordinate stocks is 3.07%.
New Purchase: Mylan Laboratories Inc. (MYL)
Charles Brandes initiated holdings in Mylan Laboratories Inc.. His purchase prices were between $11.42 and $13.35, with an estimated average price of $12.5. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 22,465 shares as of 06/30/2008.
Mylan Inc. is one of the world's leading quality generic and specialty pharmaceutical companies. The Company offers one of the industry's broadest and highest quality product portfolios a robust product pipeline and a global commercial footprint through operations in more than 90 countries. Through its controlling interest in Matrix Laboratories Limited Mylan has direct access to one of the largest active pharmaceutical ingredient manufacturers in the world. Dey L.P. Mylan's fully integrated specialty business provides the Company with innovative and diversified opportunities in the respiratory and allergy therapeutic areas. Mylan Laboratories Inc. has a market cap of $4.27 billion; its shares were traded at around $14.02 with P/S ratio of 1.09.
New Purchase: OfficeMax Inc. (OMX)
Charles Brandes initiated holdings in OfficeMax Inc.. His purchase prices were between $14.14 and $21.45, with an estimated average price of $18.9. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 78,250 shares as of 06/30/2008.
OfficeMax Incorporated is a leader in both business-to-business and retail office products distribution. OfficeMax delivers an unparalleled customer experience - in service in product in time savings and in value - through a relentless focus on its customers. The company provides office supplies and paper print and document services technology products and solutions and furniture to large medium and small businesses and consumers. OfficeMax Inc. has a market cap of $1.05 billion; its shares were traded at around $13.79 with P/S ratio of 0.11. The dividend yield of OfficeMax Inc. stocks is 4.69%.
New Purchase: Stewart Information Services Corp. (STC)
Charles Brandes initiated holdings in Stewart Information Services Corp.. His purchase prices were between $19.91 and $31.87, with an estimated average price of $25.3. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 51,615 shares as of 06/30/2008.
Stewart Information Services Corporation's primary business is title insurance. Stewart issues policies through issuing locations on homes and other real property located in all 50 states the District of Columbia and several foreign countries. Stewart also sells computer-related services and information as well as mapping products and geographic information systems to domestic and foreign governments and private entities. Stewart Information Services Corp. has a market cap of $308.65 million; its shares were traded at around $17.01 with P/S ratio of 0.16. The dividend yield of Stewart Information Services Corp. stocks is 4.46%.
New Purchase: Palomar Medical Technologies Inc. (PMTI)
Charles Brandes initiated holdings in Palomar Medical Technologies Inc.. His purchase prices were between $10.02 and $15.32, with an estimated average price of $11.8. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 131,490 shares as of 06/30/2008.
PALOMAR MEDICAL TECHNOLOGIES INC. designs manufactures and markets lasers delivery systems and related disposable products for use in cosmetic and medical procedures. The company operates in two business segments: medical products and electronic products board components. Palomar Medical Technologies Inc. has a market cap of $247.02 million; its shares were traded at around $13.69 with a P/E ratio of 29.70 and P/S ratio of 2.30.
New Purchase: Sun Microsystems Inc. (JAVA)
Charles Brandes initiated holdings in Sun Microsystems Inc.. His purchase prices were between $10.96 and $16, with an estimated average price of $13.3. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 21,492 shares as of 06/30/2008.
Sun Microsystems Inc. is one of the leading worldwide providers of products services and support solutions for building and maintaining network computing environments. The company sells scalable computer and storage systems high-speed microprocessors and a complete line of high performance software for operating network computing equipment. The company also provides a full range of services including support education and professional services. Sun Microsystems Inc. has a market cap of $7.7 billion; its shares were traded at around $10.25 with a P/E ratio of 20.92 and P/S ratio of 0.57.
New Purchase: The Colonial BancGroup Inc. (CNB)
Charles Brandes initiated holdings in The Colonial BancGroup Inc.. His purchase prices were between $4.42 and $9.67, with an estimated average price of $7. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 86,805 shares as of 06/30/2008.
Colonial BancGroup Inc. is a bank holding company. Their principal activity is to supervise and coordinate the business of its subsidiaries and to provide them with capital and services. BancGroup derives substantially all of its income from dividends received fromColonial Bank. They offer a broad base of financial products and services for individuals and businesses. Colonial has a broad line of retail and commercial banking products as well as cash management services electronic banking services credit card and merchant services. The Colonial BancGroup Inc. has a market cap of $1.5 billion; its shares were traded at around $7.42 with a P/E ratio of 12.90 and P/S ratio of 1.76. The dividend yield of The Colonial BancGroup Inc. stocks is 5.44%.
New Purchase: Bank of Montreal (BMO)
Charles Brandes initiated holdings in Bank of Montreal. His purchase prices were between $41.68 and $50.32, with an estimated average price of $46.2. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 14,800 shares as of 06/30/2008.
Bank of Montreal is one of the largest banks in North America is also one of Canada's oldest banks. The bank offers a complete range of financial services in our chosen markets on both sides of the Canada-United States border. The bank offers to all of their clients not just financial products but knowledge-based solutions custom-made to add value in their financial affairs. Bank of Montreal has a market cap of $23.06 billion; its shares were traded at around $45.79 with a P/E ratio of 12.45 and P/S ratio of 2.75. The dividend yield of Bank of Montreal stocks is 5.95%.
Reduced: Grupo Televisa S.A. Global Depositary (TV)
Charles Brandes reduced to his holdings in Grupo Televisa S.A. Global Depositary by 31.83%. His sale prices were between $23.09 and $26.75, with an estimated average price of $24.9. The impact to his portfolio due to this sale was less than 0.01%. Charles Brandes still held 192,668 shares as of 06/30/2008.
Grupo Televisa S.A is the largest media company in the Spanish-speaking world and a major player in the international entertainment business. They have interests in Television production broadcasting international distribution of television programming direct-to-home satellite services publishing music recording radio production and broadcasting cable television professional sports and show business promotions paging services feature film production and distribution and dubbing. Grupo Televisa S.A. Global Depositary has a market cap of $13.62 billion; its shares were traded at around $24.18 with a P/E ratio of 16.75 and P/S ratio of 3.09. The dividend yield of Grupo Televisa S.A. Global Depositary stocks is 1.6%.
Reduced: Valassis Communications Inc. (VCI)
Charles Brandes reduced to his holdings in Valassis Communications Inc. by 90.85%. His sale prices were between $12.04 and $16.42, with an estimated average price of $14.4. The impact to his portfolio due to this sale was less than 0.01%. Charles Brandes still held 62,190 shares as of 06/30/2008.
Valassis Communications offers a wide range of marketing services to consumer packaged goods manufacturers retailers technology companies and other customers with operations in the United States Europe Mexico and Canada. Valassis is an innovative integrated marketing solutions company focused on customers in a broad range of industries. Valassis is the only company that provides a combination of home-delivered media products and services at the market neighborhood and household targeted levels and can integrate all three levels of targeting into a single solution. As a leader in invited media Valassis is poised to take advantage of a number of positive macro trends. Valassis Communications Inc. has a market cap of $402.02 million; its shares were traded at around $8.36 with a P/E ratio of 7.07 and P/S ratio of 0.16.
Reduced: Superior Industries International Inc. (SUP)
Charles Brandes reduced to his holdings in Superior Industries International Inc. by 76.48%. His sale prices were between $17.42 and $21.65, with an estimated average price of $20.2. The impact to his portfolio due to this sale was less than 0.01%. Charles Brandes still held 60,629 shares as of 06/30/2008.
SUPERIOR INDUSTRIES INTL. designs and manufactures cast aluminum road wheels primarily for the domestic original equipment manufacturer (OEMs) market. It also designs a variety of products for the automotive aftermarket including custom road wheels and accessories. Superior Industries International Inc. has a market cap of $483.07 million; its shares were traded at around $18.13 with a P/E ratio of 46.37 and P/S ratio of 0.50. The dividend yield of Superior Industries International Inc. stocks is 3.9%.
Reduced: Cincinnati Bell Inc. (CBB)
Charles Brandes reduced to his holdings in Cincinnati Bell Inc. by 24.17%. His sale prices were between $3.95 and $4.69, with an estimated average price of $4.3. The impact to his portfolio due to this sale was less than 0.01%. Charles Brandes still held 1,508,020 shares as of 06/30/2008.
Cincinnati Bell provides a wide range of telecommunications products and services to residential and business customers in Ohio Kentucky and Indiana. Cincinnati Bell Inc. has a market cap of $928.09 million; its shares were traded at around $3.82 with a P/E ratio of 17.77 and P/S ratio of 0.65.
Reduced: Federal Signal Corp. (FSS)
Charles Brandes reduced to his holdings in Federal Signal Corp. by 21.01%. His sale prices were between $12.26 and $14.28, with an estimated average price of $13.4. The impact to his portfolio due to this sale was less than 0.01%. Charles Brandes still held 55,990 shares as of 06/30/2008.
Federal Signal Corporation is a manufacturer and worldwide supplier of safety signaling and communications equipment hazardous area lighting fire rescue products street sweeping and vacuum loader vehicles parking control equipment custom on-premise signage carbide cutting tools precision punches and related die components. Federal Signal Corp. has a market cap of $710.64 million; its shares were traded at around $14.96 with P/S ratio of 0.53. The dividend yield of Federal Signal Corp. stocks is 1.71%.
Reduced: Tecumseh Products Company (TECUB)
Charles Brandes reduced to his holdings in Tecumseh Products Company by 82.5%. His sale prices were between $26.8 and $31.68, with an estimated average price of $29.2. The impact to his portfolio due to this sale was less than 0.01%. Charles Brandes still held 39,455 shares as of 06/30/2008.
Tecumseh Products Company is a full-line independent manufacturer of hermetic compressors for air conditioning and refrigeration products. In addition they manufacture engines and power train components transmissions transaxles and differentials for lawn and garden applications and recreational vehicles. They also manufacture centrifugal pumps sump pumps and small submersible pumps for industrial commercial agricultural and marine applications. Tecumseh Products Company has a market cap of $ million; its shares were traded at around $26.09 .
Reduced: PolyOne Corp. (POL)
Charles Brandes reduced to his holdings in PolyOne Corp. by 51.49%. His sale prices were between $6.72 and $7.94, with an estimated average price of $7.5. The impact to his portfolio due to this sale was less than 0.01%. Charles Brandes still held 119,304 shares as of 06/30/2008.
PolyOne Corporation is an international polymer services company with operations in thermoplastic compounds specialty resins specialty polymer formulations engineered films color and additive systems elastomer compounding and thermoplastic resin distribution. PolyOne was formed from the consolidation of the former M.A. Hanna Company and The Geon Company. Information on the Company's products and services can be found at www.polyone.com. PolyOne Corp. has a market cap of $737.78 million; its shares were traded at around $7.91 with a P/E ratio of 70.00 and P/S ratio of 0.26.
Reduced: Celestica Inc. (CLS)
Charles Brandes reduced to his holdings in Celestica Inc. by 97.66%. His sale prices were between $7.03 and $9.74, with an estimated average price of $8.5. The impact to his portfolio due to this sale was less than 0.01%. Charles Brandes still held 204,340 shares as of 06/30/2008.
Celestica Inc. is one of the largest electronics manufacturing services company in the world serving the computer and communications sectors. The company provides competitive manufacturing technology and service solutions for printed circuit assembly and system assembly as well as post-manufacturing support to many of the world's leading original equipment manufacturers. Celestica's extensive depth and breadth of offerings supports a wide variety of customer requirements from lowvolume high complexity custom products to high volume commodity products. Celestica Inc. has a market cap of $1.92 billion; its shares were traded at around $8.38 with a P/E ratio of 17.57 and P/S ratio of 0.23.
Reduced: Companhia de Saneamento Bsico do Estado (SBS)
Charles Brandes reduced to his holdings in Companhia de Saneamento Bsico do Estado by 51.12%. His sale prices were between $45.83 and $56.35, with an estimated average price of $51.7. The impact to his portfolio due to this sale was -0.01%. Charles Brandes still held 59,756 shares as of 06/30/2008.
SABESP provides public water and sewage services to residential commercial industrial and governmental customers in the City of Sao Paulo. Companhia de Saneamento Bsico do Estado has a market cap of $46.24 million; its shares were traded at around $50.76 with a P/E ratio of 0.07 and P/S ratio of 0.01.
Reduced: LSI Corp. (LSI)
Charles Brandes reduced to his holdings in LSI Corp. by 55.49%. His sale prices were between $5.02 and $7.27, with an estimated average price of $6.4. The impact to his portfolio due to this sale was -0.03%. Charles Brandes still held 3,421,347 shares as of 06/30/2008.
LSI Corporation is a leading provider of innovative silicon systems and software technologies that enable products that seamlessly bring people information and digital content together. The company offers a broad portfolio of capabilities and services including custom and standard product ICs adapters systems and software that are trusted by the world's best known brands to power leading solutions in the Storage Networking and Consumer markets. LSI Corp. has a market cap of $4.63 billion; its shares were traded at around $7.24 with P/S ratio of 1.59.
Reduced: UTStarcom Inc. (UTSI)
Charles Brandes reduced to his holdings in UTStarcom Inc. by 66.51%. His sale prices were between $2.92 and $5.87, with an estimated average price of $4.3. The impact to his portfolio due to this sale was -0.03%. Charles Brandes still held 2,240,047 shares as of 06/30/2008.
Utstarcom Inc. provides communications equipment for service providers that operate wireless and wireline networks in rapidly growing communications markets. The integrated suite of network access systems optical transmission products and subscriber terminal products allows service providers to offer efficient and scalable voice data and Internet access services. Service providers can easily integrate the standards-based systems into their existing networks and deploy the systems in new broadband Internet Protocol and wireless network rollouts. UTStarcom Inc. has a market cap of $435.34 million; its shares were traded at around $3.48 with P/S ratio of 0.16.
Reduced: H&R Block Inc. (HRB)
Charles Brandes reduced to his holdings in H&R Block Inc. by 45.57%. His sale prices were between $20.74 and $23.54, with an estimated average price of $22.1. The impact to his portfolio due to this sale was -0.05%. Charles Brandes still held 1,659,040 shares as of 06/30/2008.
H&R Block Inc. is a diversified company involved in tax return preparationelectronic filing of income tax returns and other tax-related services. The Company's subsidiaries also offer investment services through broker-dealers originate purchase service sell and securitize mortgages offer personal productivity software purchase participation interests in refund anticipation loans made by a third-party lender and offer accounting tax and consulting services to business clients. H&R Block Inc. has a market cap of $8.12 billion; its shares were traded at around $24.85 with P/S ratio of 1.81. The dividend yield of H&R Block Inc. stocks is 2.35%.
Reduced: Vivo Participacoes S.A. (VIV)
Charles Brandes reduced to his holdings in Vivo Participacoes S.A. by 39.21%. His sale prices were between $6.01 and $7.37, with an estimated average price of $6.6. The impact to his portfolio due to this sale was -0.09%. Charles Brandes still held 12,540,712 shares as of 06/30/2008.
Vivo Participacoes S.A. has a market cap of $7.94 billion; its shares were traded at around $5.52 with P/S ratio of 0.95.
Reduced: Unilever N.V. New York Registry (UN)
Charles Brandes reduced to his holdings in Unilever N.V. New York Registry by 25.33%. His sale prices were between $27.93 and $33.38, with an estimated average price of $32. The impact to his portfolio due to this sale was -0.26%. Charles Brandes still held 12,779,886 shares as of 06/30/2008.
Unilever is one of the world's largest consumer products companies. They produce and market a wide range of foods home and personal care products. Their leading brands include Dove Lipton Magnum Omo and Rama. They are the number one producer of frozen foods in Europe They are also a leader in the branded olive oil category the most important brand being Bertolli. They are the largest seller of packet tea in the world through our Lipton and Brooke Bond brands. Unilever N.V. New York Registry has a market cap of $79.31 billion; its shares were traded at around $28.27 with a P/E ratio of 13.66 and P/S ratio of 1.27. The dividend yield of Unilever N.V. New York Registry stocks is 3.58%.
Reduced: Intel Corp. (INTC)
Charles Brandes reduced to his holdings in Intel Corp. by 24.2%. His sale prices were between $20.98 and $24.84, with an estimated average price of $22.6. The impact to his portfolio due to this sale was -0.29%. Charles Brandes still held 19,118,482 shares as of 06/30/2008.
Intel Corporation one of the world's largest semiconductor chip maker supplies the computing and communications industries with chips boards and systems building blocks that are integral to computers servers and networking and communications products. Its products are offered at various levels of integration and are used by industry members to create advanced computing and communications systems. Intel Corp. has a market cap of $136.22 billion; its shares were traded at around $24.23 with a P/E ratio of 20.14 and P/S ratio of 3.33. The dividend yield of Intel Corp. stocks is 2.5%.
Reduced: Ford Motor Company (F)
Charles Brandes reduced to his holdings in Ford Motor Company by 21.33%. His sale prices were between $4.98 and $8.27, with an estimated average price of $6.9. The impact to his portfolio due to this sale was -0.35%. Charles Brandes still held 118,861,882 shares as of 06/30/2008.
Ford Motor Company produces cars and trucks. The company and its subsidiaries also engage in other businesses including manufacturing automotive components and systems and financing and renting vehicles and equipment. The company is divided up into the following four operating segments: Automotive Visteon Automotive Systems Ford Motor Credit Company and The Hertz Corporation. Ford Motor Company has a market cap of $11.79 billion; its shares were traded at around $5.26 with P/S ratio of 0.07.
Reduced: AT&T Inc. (T)
Charles Brandes reduced to his holdings in AT&T Inc. by 37.81%. His sale prices were between $32.36 and $39.64, with an estimated average price of $37.3. The impact to his portfolio due to this sale was -0.42%. Charles Brandes still held 11,524,259 shares as of 06/30/2008.
SBC Communications Inc. is in the communications industry. Through its subsidiaries' trusted brands and world-class network SBC and its affiliated companies provide voice data networking and e-business services including local and long-distance voice high-speed Internet access and data transport voice and data network integration software and process integration Web site and application hosting e-marketplace development paging and messaging as well as cable and satellite TV and directory advertising and publishing. (Company Press Release) AT&T Inc. has a market cap of $182.48 billion; its shares were traded at around $30.97 with a P/E ratio of 13.95 and P/S ratio of 1.46. The dividend yield of AT&T Inc. stocks is 5.26%.
Reduced: Hitachi Ltd. (HIT)
Charles Brandes reduced to his holdings in Hitachi Ltd. by 35.1%. His sale prices were between $61.27 and $71.94, with an estimated average price of $67.8. The impact to his portfolio due to this sale was -0.44%. Charles Brandes still held 6,057,167 shares as of 06/30/2008.
Hitachi Ltd. headquartered in Tokyo is one of the world's leading global electronics companies. They manufacture and market a wide range of products including computers semiconductors consumer products and power and industrial equipment. Hitachi Ltd. has a market cap of $24.89 billion; its shares were traded at around $74.86 with P/S ratio of 0.24. The dividend yield of Hitachi Ltd. stocks is 0.67%.
Reduced: Telefonos de Mexico S.A. de C.V. (TMX)
Charles Brandes reduced to his holdings in Telefonos de Mexico S.A. de C.V. by 30.28%. His sale prices were between $21.02 and $24.28, with an estimated average price of $22.6. The impact to his portfolio due to this sale was -0.57%. Charles Brandes still held 27,605,792 shares as of 06/30/2008.
Telmex is a world-class telecommunications company that provides total telecommunications solutions to its clients: Local and long distance wire service wireless communications multimedia network for video audio and data network engineering digital wireless network access and Internet. Based in Mexico City Telmex is currently positioned as the regional market leader in Telecommunications with a presence in Mexico The United States Puerto Rico and Brazil. Telefonos de Mexico S.A. de C.V. has a market cap of $24.2 billion; its shares were traded at around $25.61 with a P/E ratio of 8.34 and P/S ratio of 1.87. The dividend yield of Telefonos de Mexico S.A. de C.V. stocks is 3.2%.
Sold Out: Electronic Data Systems Corp. (EDS)
Charles Brandes sold out his holdings in Electronic Data Systems Corp.. His sale prices were between $16.95 and $24.61, with an estimated average price of $21.6. The impact to his portfolio due to this sale was less than 0.01%.
Electronic Data Systems Corp. is one of the leaders in the global information technology services industry. The company provides strategy implementation and hosting services and solutions for clients managing the complexities of the digital economy bringing together the world's best technologies to address our clients' critical business imperatives. The company's four lines of business are Information Solutions Business Process Management E.solutions and A.T. Kearney. Electronic Data Systems Corp. has a market cap of $12.57 billion; its shares were traded at around $24.87 with a P/E ratio of 20.27 and P/S ratio of 0.56. The dividend yield of Electronic Data Systems Corp. stocks is 0.81%.
Sold Out: Flextronics International Ltd. (FLEX)
Charles Brandes sold out his holdings in Flextronics International Ltd.. His sale prices were between $9.34 and $11.01, with an estimated average price of $10.3. The impact to his portfolio due to this sale was less than 0.01%.
Flextronic International is a leading provider of advanced electronics manufacturing services to OEMs primarily in the telecommunications and networking consumer electronics and computer industries. The company's strategy is to provide customers with the ability to outsource on a global basis a complete product wherethe company's take responsibility for engineering supply chain management assembly integration test andlogistics management. The company provides complete product design services including electrical and mechanical circuit and layout. Flextronics International Ltd. has a market cap of $7.76 billion; its shares were traded at around $9.23 with P/S ratio of 0.24.
Sold Out: Furniture Brands International Inc. (FBN)
Charles Brandes sold out his holdings in Furniture Brands International Inc.. His sale prices were between $12.73 and $14.93, with an estimated average price of $13.7. The impact to his portfolio due to this sale was less than 0.01%.
Furniture Brands International Inc. is one of the largest manufacturers of residential furniture in the United States. They market products through three operating subsidiaries: Broyhill Furniture Industries Inc. Lane Furniture Industries Inc. and Thomasville Furniture Industries Inc. Furniture Brands International Inc. has a market cap of $544.39 million; its shares were traded at around $11.15 with P/S ratio of 0.26. The dividend yield of Furniture Brands International Inc. stocks is 1.36%.
Sold Out: Qimonda AG (QI)
Charles Brandes sold out his holdings in Qimonda AG. His sale prices were between $2.57 and $4.39, with an estimated average price of $3.9. The impact to his portfolio due to this sale was less than 0.01%.
QIMONDA is a leading global memory supplier with a broad diversified DRAM product portfolio. They have generated net sales of 3.61 billion in its 2007 financial year. They have provides DRAM products for a wide variety of applications including in the computing infrastructure graphics mobile and consumer areas using its power saving technologies and designs. Qimonda AG has a market cap of $612.18 million; its shares were traded at around $1.79 with P/S ratio of 0.20.
Sold Out: Toll Brothers Inc. (TOL)
Charles Brandes sold out his holdings in Toll Brothers Inc.. His sale prices were between $19.16 and $24.92, with an estimated average price of $22. The impact to his portfolio due to this sale was less than 0.01%.
TOLL BROTHERS INC. designs builds markets and arranges financing for single-family detached and attached homes in middle and high income residential communities in thirteen staes and five regions around the country. The communities are generally located on land Co. has developed although due to the poor economic conditions during the early 1990's Co. has been able to acquire a number of fully approved parcels and often improved subdivisions. Toll Brothers Inc. has a market cap of $3.35 billion; its shares were traded at around $21.09 with P/S ratio of 0.78.
Sold Out: RentACenter Inc. (RCII)
Charles Brandes sold out his holdings in RentACenter Inc.. His sale prices were between $17.23 and $22.55, with an estimated average price of $20.6. The impact to his portfolio due to this sale was less than 0.01%.
Rent-A-Center operates company owned rent-to-own stores which offer high-quality durable goods such as consumer electronics appliances furniture and accessories to consumers under flexible rental purchase arrangements that allow the customer to obtain ownership of the merchandise at the conclusion of an agreed-upon rental period. ColorTyme Inc. a wholly-owned subsidiary of the Company is a national franchisor of rent-to-own stores which operate under the trade name of ``ColorTyme'' and under the ``Rent-A-Center'' name. (Press Release) RentACenter Inc. has a market cap of $1.52 billion; its shares were traded at around $22.83 with a P/E ratio of 16.41 and P/S ratio of 0.51.
Sold Out: The Ryland Group Inc. (RYL)
Charles Brandes sold out his holdings in The Ryland Group Inc.. His sale prices were between $22.82 and $35.94, with an estimated average price of $29.4. The impact to his portfolio due to this sale was less than 0.01%.
The Ryland Group Inc. is a leading national homebuilder and mortgage-related financial services firm. The Company's homebuilding segment specializes in the sale and construction of single-family attached and detached housing. The financial services segment complements the Company's homebuilding activities by providing various mortgage-related products and services for retail customers including loan origination loan servicing title and escrow services. The financial services segment also conducts investment activities. The Ryland Group Inc. has a market cap of $968.14 million; its shares were traded at around $22.72 with P/S ratio of 0.35. The dividend yield of The Ryland Group Inc. stocks is 2.34%.
Sold Out: Huntsman Corp. (HUN)
Charles Brandes sold out his holdings in Huntsman Corp.. His sale prices were between $10.69 and $23.2, with an estimated average price of $20.5. The impact to his portfolio due to this sale was less than 0.01%.
Huntsman Corporation is among the world's largest global manufacturers of differentiated and commodity chemical products for a variety of industrial and consumer applications. Huntsman Corp. has a market cap of $3.26 billion; its shares were traded at around $13.94 with P/S ratio of 0.31. The dividend yield of Huntsman Corp. stocks is 3.03%.
Sold Out: Scottish RE Group Ltd. (SKRRF)
Charles Brandes sold out his holdings in Scottish RE Group Ltd.. His sale prices were between $0.08 and $0.19, with an estimated average price of $0.1. The impact to his portfolio due to this sale was less than 0.01%.
Scottish Re Group Limited is a global life reinsurance specialist and issuer of customized life insurance based wealth management products for high net worth individuals and families. Scottish Re has operating companies in Bermuda Charlotte North Carolina Dublin Ireland Grand Cayman and Windsor England. Its flagship operating subsidiaries include Scottish Annuity & Life Insurance Company (Cayman) Ltd. and Scottish Re (U.S.) Inc. Scottish RE Group Ltd. has a market cap of $ million; its shares were traded at around $0.15 .
Sold Out: Pier 1 Imports Inc. (PIR)
Charles Brandes sold out his holdings in Pier 1 Imports Inc.. His sale prices were between $3.88 and $8.06, with an estimated average price of $6.9. The impact to his portfolio due to this sale was less than 0.01%.
Pier 1 Imports Inc. consists of a chain of retail stores operating under the names `Pier 1 Imports` and `The Pier` selling a wide variety of furniture decorative home furnishings dining and kitchen goods accessories and other specialty items for the home. Additionally the company through certain subsidiaries operates stores in the United Kingdom under the name `The Pier.` The company supplies merchandise and licenses the Pier 1 name to Sears Mexico and Sears Puerto Rico. Pier 1 Imports Inc. has a market cap of $347.15 million; its shares were traded at around $3.9 with P/S ratio of 0.22.
Sold Out: BankUnited Financial Corp. (BKUNA)
Charles Brandes sold out his holdings in BankUnited Financial Corp.. His sale prices were between $1.11 and $4.58, with an estimated average price of $3.4. The impact to his portfolio due to this sale was less than 0.01%.
BankUnited Financial Corporation is a Florida corporation and the savings and loan holding company for BankUnited FSB. The company's businesshas traditionally consisted of attracting deposits from the general public and using those deposits together with borrowings and other funds to purchase nationwide and to originate in Florida single-family residential mortgage loans and to a lesser extent to purchase and originate commercial real estate commercial business and consumer loans. The Company also invests in tax certificates and other permitted investments. BankUnited Financial Corp. has a market cap of $51.72 million; its shares were traded at around $1.45 with P/S ratio of 0.29. The dividend yield of BankUnited Financial Corp. stocks is 1.1%.
Sold Out: MGIC Investment Corp. (MTG)
Charles Brandes sold out his holdings in MGIC Investment Corp.. His sale prices were between $6.97 and $13.83, with an estimated average price of $11.3. The impact to his portfolio due to this sale was less than 0.01%.
MGIC Investment Corporation is a holding company which through its wholly owned subsidiary Mortgage Guaranty Insurance Corporation is the leading provider of private mortgage insurance coverage in the United States to the home mortgage lending industry. Private mortgage insurance covers residential first mortgage loans and expands home ownership opportunitiesby enabling people to purchase homes with less than 20% down payments. If the home owner defaults private mortgage insurance reduces and in some instances eliminates the loss to the insured institution. MGIC Investment Corp. has a market cap of $923.00 million; its shares were traded at around $7.38 with P/S ratio of 0.48. The dividend yield of MGIC Investment Corp. stocks is 1.42%.
Sold Out: Lowe's Companies Inc. (LOW)
Charles Brandes sold out his holdings in Lowe's Companies Inc.. His sale prices were between $20.77 and $26.01, with an estimated average price of $24. The impact to his portfolio due to this sale was less than 0.01%.
Lowe's Companies Inc. is a retailer of home improvement products in the world with specific emphasis on retail do-it-yourself and commercial business customers. Lowe's specializes in offering products and services for home improvement home decor home maintenance home repair and remodeling and maintenance of commercial buildings. Lowe's principal customer groups are do-it-yourself retail customers and commercial business customers. Lowe's Companies Inc. has a market cap of $33.34 billion; its shares were traded at around $22.78 with a P/E ratio of 12.70 and P/S ratio of 0.64. The dividend yield of Lowe's Companies Inc. stocks is 1.67%.
Sold Out: Johnson & Johnson (JNJ)
Charles Brandes sold out his holdings in Johnson & Johnson. His sale prices were between $63.57 and $67.78, with an estimated average price of $65.8. The impact to his portfolio due to this sale was less than 0.01%.
Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. The company's worldwide business is divided into three segments: Consumer; Pharmaceutical; and Professional. Johnson & Johnson has a market cap of $199.95 billion; its shares were traded at around $71.55 with a P/E ratio of 17.37 and P/S ratio of 3.11. The dividend yield of Johnson & Johnson stocks is 2.7%.
Sold Out: JDS Uniphase Corp. (JDSU)
Charles Brandes sold out his holdings in JDS Uniphase Corp.. His sale prices were between $11.3 and $15, with an estimated average price of $12.7. The impact to his portfolio due to this sale was less than 0.01%.
JDSU enables broadband and optical innovation in the communications commercial and consumer markets. JDSU is a leading provider of communications test and measurement solutions and optical products for telecommunications service providers cable operators and network equipment manufacturers. JDSU is also a leading provider of innovative optical solutions for medial/environmental instrumentation semiconductor processing display brand authentication aerospace and defense and decorative applications. JDS Uniphase Corp. has a market cap of $2.52 billion; its shares were traded at around $10.97 with P/S ratio of 1.68.
Sold Out: United Microelectronics Corp. (UMC)
Charles Brandes sold out his holdings in United Microelectronics Corp.. His sale prices were between $2.83 and $3.55, with an estimated average price of $3.16. The impact to his portfolio due to this sale was less than 0.01%.
UMC specializes in providing foundry services for high performancesemiconductor applications. Its core competency lies in its abilityto produce high yield Integrated Circuit wafers manufactured on a per-customer basis. The company draws its distinction from industryleading technology. In addition to wafer manufacturing its customers benefit from services such as extensive IP resources free-of-charge design libraries and full front-end and backend support. United Microelectronics Corp. has a market cap of $6.53 billion; its shares were traded at around $2.47 with a P/E ratio of 17.64 and P/S ratio of 1.74.
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