David Dreman Buys Imperial Tobacco Group PLC, The Walt Disney Company Disney, KimberlyClark Corp., Sells L3 Communications, Merck & Co. Inc., Microsoft Corp.

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David Dreman, father of Contrarian Investing, has been hurt by the recent financial melt down. He thinks that it is not easy for investors to profit from the government bailout. He is not buying much. David Dreman owns 333 stocks with a total value of $10.9 billion. These are the details of the buys and sells during the third quarter.

David Dreman buys Imperial Tobacco Group PLC, The Walt Disney Company Disney, KimberlyClark Corp., VeraSun Energy Corp., sells ARC ENERGY TRUST UNI, Merck & Co. Inc., Microsoft Corp., NEWALTA INCOME FD TRUST UNITS, NEW FLYER INDS INC I/D/S, NAL OIL & GAS TRUST UNITS, NATCO Group Inc., PACCAR Inc, Pinnacle Gas Resources Inc., Perrigo Company, PRIMARY ENGY ENHNCD INCME, Ruby Tuesday Inc., Superior Essex Inc, Sterling Financial Corp., UCBH Holdings Inc., Universal Corp., VERMILION ENERGY TR, Mirant Corp., MCG Capital Corp., L3 Communications Holdings Inc., Arris Group Inc, ABX Air Inc., Avid Technology Inc., BristolMyers Squibb Company, BONAVISTA ENE TR UT, CRESCENT PT NRG TR, Citizens Republic Bancorp Inc., Charles River Laboratories International, E.I. du Pont de Nemours and Co., Quest Diagnostics Inc., Dynegy Inc., Electronic Data Systems Corp., FBR Capital Markets Corp., Petrohawk Energy Corp., HNI Corp., iShares Russell 1000 Value Index Fund, Watts Water Technologies Inc. during the 3-months ended 09/30/2008, according to the most recent filings of his investment company, Dreman Value Management.

• New Purchases: DIS, ITY, KMB, VSE,
• Added Positions: AEE, ALV, AMED, AMSG, ARW, ATW, AUY, B, BEC, BGC, BHP, BJS, BVF, CBE, CBS, CCJ, CENX, CHCO, CHKP, CI, CINF, DWA, EIX, ESL, ETN, FIF, FMER, FNM, FO, FRE, GMT, HBI, HCC, HERO, HOS, HPT, IP, ISCA, JPM, KMT, MAT, MBFI, MI, MKSI, MYL, NBL, NFX, PAAS, PH, PL, PLT, PPG, PPL, RCL, RGS, RNR, RNT, RRD, SAFM, SAFT, SCRX, SHW, STX, SVU, TCB, TJX, VVC, WHR,
• Reduced Positions: AA, ACAS, ACE, AHT, AIG, AIZ, AMGN, ASF, ATI, AWH, AZO, BBOX, BTI, CAI, CBI, CE, CMS, CNA, COF, CONN, COV, CSC, DLX, DOW, DUK, ECA, ECOL, ED, EDE, ELY, EQ, ESV, FITB, FRX, FTO, GCI, GDI, GKK, GVA, GXP, HD, HES, HLX, HOG, HPC, HRL, HW, JCP, JWN, KCI, KSS, L, LLY, LMDIA, LNC, LRCX, LTD, MAS, MET, MRO, MS, MTB, NE, NOV, NSC, NUE, OMG, PBI, PCU, PGN, PGR, PM, RES, RIG, RTI, SJM, SRE, SRP, STI, SUG, SUN, TE, TEL, TEX, TNB, TSO, TXI, URRE.OB, UST, VFC, VZ, WB, WDC, WFC, WOR, WRB, WYE, XOM,
• Sold Out: AETUF.PK, ARRS, ATSG, AVID, BMY, BNPUF.PK, CPGCF.PK, CRBC, CRL, DD, DGX, DYN, EDS, FBCM, HK, HNI, IWD, LLL, MCGC, MIR, MRK, MSFT, NFYIF.PK, NTG, PCAR, PINN, PRGO, RT, SPSX, STSA, UCBH, UVV, VETMF.PK, WTS,

For the details of David Dreman's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=David+Dreman

Added: BHP Billiton Ltd. (BHP)

David Dreman added to his holdings in BHP Billiton Ltd. by 177.33%. His purchase prices were between $58.86 and $76.31, with an estimated average price of $67.1. The impact to his portfolio due to this purchase was 0.36%. His holdings were 1,158,975 shares as of 09/30/2008.

BHP Billiton is a leader in the global natural resources industry. The Group has high-value and industry-leading positions in aluminium metallurgical coal thermal coal copper ferro-alloys iron ore and titanium minerals and also has substantial interests in oil gas nickel diamonds and silver. BHP Billiton Ltd. has a market cap of $91.63 billion; its shares were traded at around $32.93 with a P/E ratio of 5.99 and P/S ratio of 1.72. The dividend yield of BHP Billiton Ltd. stocks is 3.6%.

Added: JPMorgan Chase & Co. (JPM)

David Dreman added to his holdings in JPMorgan Chase & Co. by 70.91%. His purchase prices were between $32.91 and $47.87, with an estimated average price of $39.7. The impact to his portfolio due to this purchase was 0.22%. His holdings were 1,220,449 shares as of 09/30/2008.

J.P. Morgan Chase & Co. is a leading global financial services firm. The firm is a leader in investment banking asset management private banking private equity custody and transaction services and retail and middle market financial services. A component of the Dow Jones Industrial Average JPMorgan Chase is headquartered in New York and serves more than 30 million consumer customers and the world's most prominent corporate institutional and government clients. JPMorgan Chase & Co. has a market cap of $129.03 billion; its shares were traded at around $34.57 with a P/E ratio of 15.93 and P/S ratio of 2.65. The dividend yield of JPMorgan Chase & Co. stocks is 3.68%.

Added: Fannie Mae (FNM)

David Dreman added to his holdings in Fannie Mae by 121.87%. His purchase prices were between $0.69 and $18.66, with an estimated average price of $8. The impact to his portfolio due to this purchase was 0.18%. His holdings were 22,939,256 shares as of 09/30/2008.

Fannie Mae is the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is one of the nation's largest sources of financing for home mortgages. Fannie Mae is working to shrink the nation's homeownership gaps through an American Dream Commitment to increase homeownership rates and serve targeted American families by the end of the decade. (Company Press Release) Fannie Mae has a market cap of $727.47 million; its shares were traded at around $0.68 . The dividend yield of Fannie Mae stocks is 21.57%.

Added: Freddie Mac (FRE)

David Dreman added to his holdings in Freddie Mac by 84.08%. His purchase prices were between $0.46 and $14.5, with an estimated average price of $5.8. The impact to his portfolio due to this purchase was 0.16%. His holdings were 22,299,690 shares as of 09/30/2008.

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 $485.26 million; its shares were traded at around $0.75 . The dividend yield of Freddie Mac stocks is 97.09%.

Added: International Speedway Corp. (ISCA)

David Dreman added to his holdings in International Speedway Corp. by 153.66%. His purchase prices were between $36.46 and $41.4, with an estimated average price of $38.9. The impact to his portfolio due to this purchase was 0.16%. His holdings were 730,239 shares as of 09/30/2008.

International Speedway Corporation's operations consist principally of racing events at its motorsports facilities which generate revenue primarily through sales of admissions to racing events television broadcast rights fees sponsorship fees hospitality rentals royalties from licenses of trademarks and provides catering souvenir and food concession services at certain facilities. International Speedway Corp. has a market cap of $1.27 billion; its shares were traded at around $26.14 with a P/E ratio of 10.70 and P/S ratio of 1.61. The dividend yield of International Speedway Corp. stocks is 0.38%.

Added: Safety Insurance Group Inc. (SAFT)

David Dreman added to his holdings in Safety Insurance Group Inc. by 96.86%. His purchase prices were between $35.82 and $44, with an estimated average price of $41.6. The impact to his portfolio due to this purchase was 0.12%. His holdings were 696,088 shares as of 09/30/2008.

Safety Insurance Group is the parent of Safety Insurance Company a Boston MA based writer of property and casualty insurance. Safety is a leading writer of private passenger automobile insurance in Massachusetts. Safety Insurance Group Inc. has a market cap of $563.50 million; its shares were traded at around $34.49 with a P/E ratio of 7.38 and P/S ratio of 0.91. The dividend yield of Safety Insurance Group Inc. stocks is 4.21%.

Added: Plantronics Inc. (PLT)

David Dreman added to his holdings in Plantronics Inc. by 108.4%. His purchase prices were between $20.73 and $25.78, with an estimated average price of $24. The impact to his portfolio due to this purchase was 0.12%. His holdings were 1,143,810 shares as of 09/30/2008.

Plantronics Inc. is a leading designer manufacturer and marketer of lightweight communications headsets and headset accessories and services. In addition the company manufactures and markets specialty telephone products such as amplified telephone handsets and specialty telephones for hearing-impaired users and noise-canceling handsets for use in high-noise environments. Plantronics Inc. has a market cap of $581.98 million; its shares were traded at around $11.91 with a P/E ratio of 7.83 and P/S ratio of 0.74. The dividend yield of Plantronics Inc. stocks is 1.39%.

Added: TCF Financial Corp. (TCB)

David Dreman added to his holdings in TCF Financial Corp. by 54.58%. His purchase prices were between $10.75 and $23.23, with an estimated average price of $15. The impact to his portfolio due to this purchase was 0.11%. His holdings were 1,817,251 shares as of 09/30/2008.

TCF is a Wayzata Minnesota-based national financial holding company. TCF has banking offices in Minnesota Illinois Michigan Wisconsin Colorado and Indiana. Other TCF affiliates provide leasing and equipment finance mortgage banking discount brokerage and investments and insurance sales. They are a national financial holding company of one federally chartered bank TCF National Bank. TCF Financial Corp. has a market cap of $1.88 billion; its shares were traded at around $14.35 with a P/E ratio of 10.95 and P/S ratio of 2.11. The dividend yield of TCF Financial Corp. stocks is 5.64%.

Added: FirstMerit Corp. (FMER)

David Dreman added to his holdings in FirstMerit Corp. by 83.42%. His purchase prices were between $15.37 and $26, with an estimated average price of $20. The impact to his portfolio due to this purchase was 0.1%. His holdings were 1,128,709 shares as of 09/30/2008.

FirstMerit Corporation is a financial services company. FirstMerit provides a complete range of banking and other financial services to consumers and businesses through its core operations. Principal wholly-owned subsidiaries include FirstMerit Bank N.A. FirstMerit Mortgage Corporation FirstMerit Credit Life Insurance Company FirstMerit Community Development Corporation and Mobile Consultants Inc. (Company Press Release) FirstMerit Corp. has a market cap of $1.6 billion; its shares were traded at around $19.82 with a P/E ratio of 13.14 and P/S ratio of 3.54. The dividend yield of FirstMerit Corp. stocks is 4.97%.

Added: Vectren Corp. (VVC)

David Dreman added to his holdings in Vectren Corp. by 70.1%. His purchase prices were between $26.71 and $30.23, with an estimated average price of $28.1. The impact to his portfolio due to this purchase was 0.09%. His holdings were 833,626 shares as of 09/30/2008.

Vectren Corp. through its regulated subsidiaries Indiana Gas and SIGECO offers gas and/or electricity to customers in adjoining service areas that cover nearly two-thirds of Indiana. Vectren's non-regulated subsidiaries currently offer energy-related products and services including energy marketing fiber-optic based communication services and utility related services including materials management debt collections locating meter reading and trenching services to customers throughout the surrounding region. (PRESS RELEASE) Vectren Corp. has a market cap of $1.95 billion; its shares were traded at around $24.02 with a P/E ratio of 14.20 and P/S ratio of 0.83. The dividend yield of Vectren Corp. stocks is 5.16%.

Added: Mattel Inc. (MAT)

David Dreman added to his holdings in Mattel Inc. by 363.53%. His purchase prices were between $17.22 and $21.79, with an estimated average price of $19.7. The impact to his portfolio due to this purchase was 0.09%. His holdings were 682,170 shares as of 09/30/2008.

Mattel Inc. designs manufactures and markets a broad variety of family products on a worldwide basis through both sales to retailers anddirect to consumers. Mattel's business is dependent in great part on itsability each year to redesign restyle and extend existing core products and product lines to design and develop innovative new products and product lines and successfully market those products and product lines. Mattel Inc. has a market cap of $5.02 billion; its shares were traded at around $14 with a P/E ratio of 9.62 and P/S ratio of 0.85. The dividend yield of Mattel Inc. stocks is 5%.

Added: Barnes Group Inc. (B)

David Dreman added to his holdings in Barnes Group Inc. by 44.55%. His purchase prices were between $20.98 and $24.65, with an estimated average price of $23.1. The impact to his portfolio due to this purchase was 0.08%. His holdings were 1,355,820 shares as of 09/30/2008.

Barnes Group Inc. is an international manufacturer of precision metal parts and distributor of industrial supplies serving a wide range of markets and customers. Barnes Group Inc. has a market cap of $662.01 million; its shares were traded at around $12.33 with a P/E ratio of 6.15 and P/S ratio of 0.48. The dividend yield of Barnes Group Inc. stocks is 4.41%.

Added: Sciele Pharma Inc. (SCRX)

David Dreman added to his holdings in Sciele Pharma Inc. by 47.33%. His purchase prices were between $18.98 and $30.85, with an estimated average price of $23.3. The impact to his portfolio due to this purchase was 0.08%. His holdings were 845,701 shares as of 09/30/2008.

Sciele Pharma Inc. formerly known as First Horizon Pharmaceutical Corp. is a pharmaceutical company specializing in sales marketing and the development of branded prescription products focused on Cardiovascular/Metabolic and Women's Health. The Company's Cardiovascular/Metabolic products treat patients with high cholesterol hypertension high triglycerides unstable angina and type two diabetes and its Women's Health products are designed improve the health and well-being of mothers and their babies. The Company's success is based on placing the needs of patients first improving health and quality of life and implementing its business platform an Entrepreneurial Spirit Innovation Speed of Execution Simplicity and Teamwork. Sciele Pharma Inc. has a market cap of $ million; its shares were traded at around $31.01 .

Added: Amedisys Inc (AMED)

David Dreman added to his holdings in Amedisys Inc by 41.38%. His purchase prices were between $48.15 and $64.44, with an estimated average price of $55.3. The impact to his portfolio due to this purchase was 0.08%. His holdings were 605,052 shares as of 09/30/2008.

Amedisys Inc. is a leading multi-regional provider of home health care nursing services. They operate home care nursing offices in southern and southeastern United States. Amedisys Inc has a market cap of $1.34 billion; its shares were traded at around $49.67 with a P/E ratio of 17.25 and P/S ratio of 1.32.

Added: DreamWorks Animation SKG Inc. (DWA)

David Dreman added to his holdings in DreamWorks Animation SKG Inc. by 61.43%. His purchase prices were between $28.53 and $32.02, with an estimated average price of $30.8. The impact to his portfolio due to this purchase was 0.08%. His holdings were 765,469 shares as of 09/30/2008.

Dream Works Animation SKG Inc. develops and produces computer generated animated feature films for a broad movie-going audience. DreamWorks Animation SKG Inc. has a market cap of $2.19 billion; its shares were traded at around $24.41 with a P/E ratio of 12.24 and P/S ratio of 3.11.

Added: Pan American Silver Corp. (PAAS)

David Dreman added to his holdings in Pan American Silver Corp. by 31.04%. His purchase prices were between $20.89 and $35.22, with an estimated average price of $27.4. The impact to his portfolio due to this purchase was 0.07%. His holdings were 1,473,206 shares as of 09/30/2008.

PAN AMER SILVER is a mining company focused exclusively on silver. Pan American Silver Corp. is founded upon a single mission to become the best vehicle for equity investors wanting to gain real exposure to higher silver prices. To accomplish this they are striving to increase their low-cost silver production to have the most successful silver exploration programs to hold the largest silver reserves and resources and to be the purest of the world's large silver producers. Pan American Silver Corp. has a market cap of $ million; its shares were traded at around $9.77 .

Added: Esterline Technologies Corp. (ESL)

David Dreman added to his holdings in Esterline Technologies Corp. by 49.93%. His purchase prices were between $40.87 and $56.49, with an estimated average price of $48.8. The impact to his portfolio due to this purchase was 0.07%. His holdings were 546,937 shares as of 09/30/2008.

Esterline Technologies Corporation is a specialized engineering and manufacturing company principally serving aerospace and defense markets. They design manufacture and market highly engineered products and systems for application within the industries they serve. Their products are found on most military and commercial aircraft helicopters and land-based systems. Their sales are diversified across three broad markets: defense commercial aerospace and general industrial. Esterline Technologies Corp. has a market cap of $919.31 million; its shares were traded at around $31.02 with a P/E ratio of 9.27 and P/S ratio of 0.65.

Added: Arrow Electronics Inc. (ARW)

David Dreman added to his holdings in Arrow Electronics Inc. by 436.12%. His purchase prices were between $28.38 and $35.53, with an estimated average price of $31.5. The impact to his portfolio due to this purchase was 0.07%. His holdings were 326,500 shares as of 09/30/2008.

Arrow Electronics Inc. is the world's largest distributor of electronic components and computer products to industrial and commercial customers. The company is a major global provider of products services and solutions to industrial and commercial users of electronic components and computer products. The company offers sales service and technical support capabilities that not only enable the company to provide the most powerful line card to their customers but to be their strategic business partner as well. Through a wide range of value-added services the company assists their customers reduce their time to market lower their total cost of ownership and enhance their overall competitiveness. Arrow Electronics Inc. has a market cap of $1.72 billion; its shares were traded at around $14.43 with a P/E ratio of 4.75 and P/S ratio of 0.11.

Added: MB Financial Inc. (MBFI)

David Dreman added to his holdings in MB Financial Inc. by 52.39%. His purchase prices were between $21.48 and $35.6, with an estimated average price of $27.4. The impact to his portfolio due to this purchase was 0.07%. His holdings were 665,630 shares as of 09/30/2008.

MB Financial Inc. is a bank holding company which conducts a commercial banking business through Manufacturers Bank. MB Financial Inc. has a market cap of $854.54 million; its shares were traded at around $24.51 with a P/E ratio of 11.15 and P/S ratio of 3.49. The dividend yield of MB Financial Inc. stocks is 2.42%.

Added: Century Aluminum Company (CENX)

David Dreman added to his holdings in Century Aluminum Company by 57.74%. His purchase prices were between $33.28 and $64.7, with an estimated average price of $48.8. The impact to his portfolio due to this purchase was 0.07%. His holdings were 710,098 shares as of 09/30/2008.

Century Aluminum Company is a producer of primary aluminum. Century's principal subsidiary Century Aluminum of West Virginia Inc. owns and operates a reduction facility located on the Ohio River. Century Aluminum Company has a market cap of $533.15 million; its shares were traded at around $10.87 with P/S ratio of 0.29.

Added: GATX Corp. (GMT)

David Dreman added to his holdings in GATX Corp. by 58.14%. His purchase prices were between $39.18 and $46.15, with an estimated average price of $43.3. The impact to his portfolio due to this purchase was 0.06%. His holdings were 467,355 shares as of 09/30/2008.

GATX Corporation is a unique finance and leasing company combining asset knowledge and services structuring expertise creative partnering and risk capital to serve customers and partners worldwide. GATX Corporation provides leasing and financial services responsive to the specialized needs of a range of businesses. GATX Corporation specializes in railcar and locomotive operating leasing aircraft operating leasing information technology leasing and venture finance for customers in diverse industrial sectors worldwide. (Company Press Release) GATX Corp. has a market cap of $1.21 billion; its shares were traded at around $24.86 with a P/E ratio of 6.08 and P/S ratio of 0.95. The dividend yield of GATX Corp. stocks is 3.78%.

Added: Amsurg Corp. (AMSG)

David Dreman added to his holdings in Amsurg Corp. by 46.02%. His purchase prices were between $24.81 and $28.35, with an estimated average price of $27.1. The impact to his portfolio due to this purchase was 0.06%. His holdings were 847,120 shares as of 09/30/2008.

AmSurg Corp. is in the business of developing acquiring and operating practice-based ambulatory surgery centers in partnerships with physician practice groups throughout the United States. An AmSurg surgery center is typically located adjacent to or in the immediate vicinity of the specialty medical practice of a physician group partner's office. Each of the surgery centers provides a narrow range of high volume lower-risk surgical procedures generally in a single specialty. Amsurg Corp. has a market cap of $698.62 million; its shares were traded at around $22.21 with a P/E ratio of 14.76 and P/S ratio of 1.20.

Added: Kennametal Inc. (KMT)

David Dreman added to his holdings in Kennametal Inc. by 35.6%. His purchase prices were between $29.01 and $35.03, with an estimated average price of $32.2. The impact to his portfolio due to this purchase was 0.06%. His holdings were 870,665 shares as of 09/30/2008.

Kennametal Inc. is a leading global supplier of tooling engineered components and advanced materials consumed in production processes. The company improves customers' competitiveness by providing superior economic returns through the delivery of application knowledge and advanced technology to master the toughest of materials application demands. Companies producing everything from airframes to coal from medical implants to oil wells and from turbochargers to motorcycle parts recognize Kennametal for extraordinary contributions to their value chains. Kennametal Inc. has a market cap of $1.17 billion; its shares were traded at around $16.05 with a P/E ratio of 7.37 and P/S ratio of 0.46. The dividend yield of Kennametal Inc. stocks is 2.26%.

Added: Financial Federal Corp. (FIF)

David Dreman added to his holdings in Financial Federal Corp. by 61.98%. His purchase prices were between $21.2 and $26.16, with an estimated average price of $23.5. The impact to his portfolio due to this purchase was 0.06%. His holdings were 744,924 shares as of 09/30/2008.

Financial Federal Corp is a nationwide independent financial services company. They finance industrial and commercial equipment through installment sales and leasing programs for manufacturers dealers and end users of such equipment. They also make capital loans to equipment users secured by the same types of equipment and other collateral. Financial Federal Corp. has a market cap of $486.44 million; its shares were traded at around $19.01 with a P/E ratio of 9.42 and P/S ratio of 4.59. The dividend yield of Financial Federal Corp. stocks is 2.59%.

Added: Aaron Rents Inc. (RNT)

David Dreman added to his holdings in Aaron Rents Inc. by 45.7%. His purchase prices were between $22.97 and $29.24, with an estimated average price of $27.2. The impact to his portfolio due to this purchase was 0.06%. His holdings were 728,554 shares as of 09/30/2008.

AARON RENTS INC. is engaged in renting and selling residential and office furniture and accessories household appliances consumer electronics and business equipment.The Co. also manufactures and reconditions its own specially designed residential and office furniture. Furniture manufactured by the Co. is primarily for sale or rent in its stores. Aaron Rents Inc. has a market cap of $1.15 billion; its shares were traded at around $21.5 with a P/E ratio of 13.81 and P/S ratio of 0.74. The dividend yield of Aaron Rents Inc. stocks is 0.26%.

Added: Hanesbrands Inc. (HBI)

David Dreman added to his holdings in Hanesbrands Inc. by 45%. His purchase prices were between $22.32 and $27.86, with an estimated average price of $24.6. The impact to his portfolio due to this purchase was 0.05%. His holdings were 733,144 shares as of 09/30/2008.

Hanesbrands Inc. is a leading marketer of innerwear outerwear and hosiery apparel under strong consumer brands including Hanes Champion Playtex Bali Just My Size barely there and Wonderbra. The company designs manufactures sources and sells T-shirts bras panties men's underwear children's underwear socks hosiery casual wear and active wear. Hanesbrands Inc. is a world-class consumer goods company with more than a century of history and a portfolio of leading apparel essentials brands including Hanes Champion Playtex Bali L?eggs Just My Size Barely There and Wonderbra. Hanesbrands sells high-volume apparel essentials such as T-shirts bras panties men?s underwear kids? underwear socks hosiery casualwear and activewear. Hanesbrands Inc. has a market cap of $1.27 billion; its shares were traded at around $13.63 with a P/E ratio of 8.21 and P/S ratio of 0.31.

Added: Regis Corp. (RGS)

David Dreman added to his holdings in Regis Corp. by 22.63%. His purchase prices were between $25.66 and $31.31, with an estimated average price of $27.9. The impact to his portfolio due to this purchase was 0.05%. His holdings were 1,063,171 shares as of 09/30/2008.

Regis Corporation is the beauty industry's global leader in beauty salons hair restoration centers and cosmetology education. The Company ownes franchised or held ownership interests in over twelve thousand four hundred worldwide locations. Regis' corporate and franchised locations operate under concepts such as Supercuts Jean Louis David Vidal Sassoon Regis Salons MasterCuts Trade Secret SmartStyle Cost Cutters and Hair Club for Men and Women. In addition Regis maintains ownership interests in various other salon concepts such as Cool Cuts four Kids and the Beauty Takashi and Beauty Plaza concepts in Japan. System-wide these and other concepts are located in the U.S. and in eleven other countries in North America Europe and Asia. Regis also maintains a fifty percent ownership interest in Intelligent Nutrients a joint venture that provides a wide variety of certified organic products for health and beauty. Regis Corp. has a market cap of $408.22 million; its shares were traded at around $9.45 with a P/E ratio of 5.16 and P/S ratio of 0.16. The dividend yield of Regis Corp. stocks is 1.29%.

Added: MKS Instruments Inc. (MKSI)

David Dreman added to his holdings in MKS Instruments Inc. by 21.43%. His purchase prices were between $20.33 and $24.47, with an estimated average price of $22.1. The impact to his portfolio due to this purchase was 0.04%. His holdings were 1,239,680 shares as of 09/30/2008.

MKS Instruments Inc. is a leading worldwide developer manufacturer and supplier of instruments components and subsystems used to measure control and analyze gases in semiconductor manufacturing and similar industrial manufacturing processes. They offer a range of products including but not limited to semiconductors optical filters and fiber optics cables magnetic and optical storage devices and media solar panels eyeglasses architectural glass cutting tools and freeze-dried pharmaceuticals. MKS Instruments Inc. has a market cap of $714.99 million; its shares were traded at around $14.55 with a P/E ratio of 14.76 and P/S ratio of 1.09.

Added: General Cable Corp. (BGC)

David Dreman added to his holdings in General Cable Corp. by 28.87%. His purchase prices were between $38.74 and $59.98, with an estimated average price of $51.6. The impact to his portfolio due to this purchase was 0.04%. His holdings were 609,255 shares as of 09/30/2008.

General Cable Corp. is a leader in the development design manufacture marketing and distribution of copper aluminum and fiber optic wire and cable products for the communications energy and electrical markets. The company sells its products primarily to commercial industrial utility telecommunications original equipment manufacturers military/government retail electrical and communications distributor customers worldwide. General Cable Corp. has a market cap of $638.69 million; its shares were traded at around $12.04 with a P/E ratio of 2.69 and P/S ratio of 0.12.

Added: Atwood Oceanics Inc. (ATW)

David Dreman added to his holdings in Atwood Oceanics Inc. by 25.07%. His purchase prices were between $37.15 and $57.53, with an estimated average price of $43.7. The impact to his portfolio due to this purchase was 0.04%. His holdings were 657,621 shares as of 09/30/2008.

Atwood Oceanics Inc. its international operating subsidiary Atwood Oceanics Pacific Limited and related subsidiaries are engaged in the business of international offshore drilling and completion of exploratory and developmental oil and gas wells as well as related support management and consulting services. Enhancing shareholder value through safe quality operations is at the core of all of the Atwood Group?s activities. Atwood Oceanics Inc. has a market cap of $1.41 billion; its shares were traded at around $22.06 with a P/E ratio of 7.29 and P/S ratio of 3.08.

Added: HCC Insurance Holdings Inc. (HCC)

David Dreman added to his holdings in HCC Insurance Holdings Inc. by 38.63%. His purchase prices were between $20.29 and $27.47, with an estimated average price of $23.9. The impact to his portfolio due to this purchase was 0.03%. His holdings were 500,580 shares as of 09/30/2008.

HCC through its subsidiaries provides specialized property & casualty insurance coverages managing general agency services & insurance related services both to commercial customers & individuals. HCC's insurance products are underwritten on both a direct & reinsurance basis & are marketed by the Company itself & through a network of independent & affiliated agents & brokers. HCC's principal insurance company subsidiaries are Houston Casualty Co. U.S. Specialty Insurance Co. & Trafalgar Insurance Co. in Houston Texas; & AVEMCO Insurance Co. in Frederick Maryland. HCC Insurance Holdings Inc. has a market cap of $2.49 billion; its shares were traded at around $21.66 with a P/E ratio of 7.60 and P/S ratio of 1.07. The dividend yield of HCC Insurance Holdings Inc. stocks is 2.27%.

Added: City Holding Company (CHCO)

David Dreman added to his holdings in City Holding Company by 21.59%. His purchase prices were between $36.8 and $46.83, with an estimated average price of $42.5. The impact to his portfolio due to this purchase was 0.03%. His holdings were 374,111 shares as of 09/30/2008.

City Holding Company is a multi-bank holding company that providesdiversified financial products and services to consumers and local businesses. City Holding Company has a market cap of $586.60 million; its shares were traded at around $36.25 with a P/E ratio of 16.08 and P/S ratio of 4.90. The dividend yield of City Holding Company stocks is 3.25%.

Added: Sanderson Farms Inc. (SAFM)

David Dreman added to his holdings in Sanderson Farms Inc. by 886.25%. His purchase prices were between $32.89 and $43.11, with an estimated average price of $39.4. The impact to his portfolio due to this purchase was 0.03%. His holdings were 89,690 shares as of 09/30/2008.

Snderson Farms Inc. is a fully-integrated poultry processing company engaged in the production processing marketing and distribution of fresh and frozen chicken products. The company sells ice pack chill pack and frozen chicken in whole cut-up and boneless form primarily under the Sanderson Farms7 brand name to retailers distributors and fast food operators principally in the southeastern southwestern and western United States. Sanderson Farms Inc. has a market cap of $446.65 million; its shares were traded at around $22.02 with a P/E ratio of 13.70 and P/S ratio of 0.27. The dividend yield of Sanderson Farms Inc. stocks is 1.79%.

Added: Check Point Software Technologies Ltd. (CHKP)

David Dreman added to his holdings in Check Point Software Technologies Ltd. by 151.01%. His purchase prices were between $22.38 and $25.06, with an estimated average price of $24. The impact to his portfolio due to this purchase was 0.03%. His holdings were 237,580 shares as of 09/30/2008.

Check Point Software Technologies Ltd. is a leading provider of policy-based enterprise security and traffic management solutions. Through itspatented Stateful Inspection technology the company delivers Secure Enterprise Connectivity solutions that protect information assets and enhance the performance of enterprise networks. The company's products include the world's leading enterprise security suite FireWall-1r the industry's leading family of virtual private network solutions VPN-1T and the industry's premier bandwidth management solution FloodGate-1T. Check Point Software Technologies Ltd. has a market cap of $4.1 billion; its shares were traded at around $19.16 with a P/E ratio of 12.90 and P/S ratio of 5.25.

Added: Hornbeck Offshore Services Inc. (HOS)

David Dreman added to his holdings in Hornbeck Offshore Services Inc. by 35.24%. His purchase prices were between $38.27 and $50.15, with an estimated average price of $43.6. The impact to his portfolio due to this purchase was 0.03%. His holdings were 353,654 shares as of 09/30/2008.

Hornbeck Offshore provides technologically advanced new generation OSVs serving the offshore oil and gas industry primarily in the U.S. Gulf of Mexico and in select international markets. The focus of their OSV business is on complex exploration and production activities which include deepwater deep well and other logistically demanding projects. They also transport petroleum products through their tug and tank barge segment serving the energy industry primarily in the northeastern United States and Puerto Rico. Hornbeck Offshore Services Inc. has a market cap of $481.88 million; its shares were traded at around $18.64 with a P/E ratio of 4.66 and P/S ratio of 1.30.

Added: Hercules Offshore Inc. (HERO)

David Dreman added to his holdings in Hercules Offshore Inc. by 26.69%. His purchase prices were between $16.43 and $35.81, with an estimated average price of $24.2. The impact to his portfolio due to this purchase was 0.03%. His holdings were 958,667 shares as of 09/30/2008.

Hercules Offshore is uniquely qualified to meet operators' needs for exploration workover and development drilling and liftboat services in shallow water depths in the Gulf of Mexico and international markets. It is dedicated to maintaining its fleets reliability and continually improving their performance. It conducts rigorous maintenance programs on all of the rigs and liftboats on a regular basis and invest in advanced equipment and safety upgrades. And it also offers a diversified fleet with a full range of vessel classes. To meet customers' needs vessels operate in various water depths and provide a variety of crane capabilities based on vessel selection. And its fleet works for customers across the Gulf of Mexico and they are also seeking opportunities in international areas with similar water depths and bottom conditions. Hercules Offshore Inc. has a market cap of $427.48 million; its shares were traded at around $4.86 with a P/E ratio of 5.09 and P/S ratio of 0.45.

Added: R.R. Donnelley & Sons Company (RRD)

David Dreman added to his holdings in R.R. Donnelley & Sons Company by 94.23%. His purchase prices were between $24.78 and $28.13, with an estimated average price of $26.8. The impact to his portfolio due to this purchase was 0.02%. His holdings were 190,850 shares as of 09/30/2008.

R.R. Donnelley & Sons Company is a premier provider of commercial printinginformation services and logistics. The company helps the customers communicate more efficiently and effectively as they use words and images to inform educate entertain and sell. In each of the businesses the company uses the distinctive capabilities to manage and distribute words and images in ways that provide the greatest value to every customer. The company has manufacturing plants with a broad range of capabilities to serve our customers' needs. R.R. Donnelley & Sons Company has a market cap of $2.64 billion; its shares were traded at around $12.89 with a P/E ratio of 13.46 and P/S ratio of 0.24. The dividend yield of R.R. Donnelley & Sons Company stocks is 6.28%.

Added: Hospitality Properties Trust (HPT)

David Dreman added to his holdings in Hospitality Properties Trust by 40.38%. His purchase prices were between $19.21 and $21.51, with an estimated average price of $20.6. The impact to his portfolio due to this purchase was 0.02%. His holdings were 305,240 shares as of 09/30/2008.

Hospitality Properties Trust is a real estate investment trust. The company owns and leases hotels to unaffiliated hotel operators. The company's principal strategy is to expand its investments in hotels and to set minimum rents which produce income in excess of the company's cost of raising capital. The company seeks to provide capital to unaffiliated hotel operators who wish to divest their properties while remaining in the hotel business as tenants and in doing so ensure stability of cash flow through dependable and diversified revenue sources. Hospitality Properties Trust has a market cap of $924.48 million; its shares were traded at around $9.84 with a P/E ratio of 3.82 and P/S ratio of 0.70. The dividend yield of Hospitality Properties Trust stocks is 30.34%.

Added: Newfield Exploration Company (NFX)

David Dreman added to his holdings in Newfield Exploration Company by 155.46%. His purchase prices were between $34.53 and $60.91, with an estimated average price of $46.7. The impact to his portfolio due to this purchase was 0.02%. His holdings were 86,600 shares as of 09/30/2008.

Newfield Exploration Company explores develops and acquires oil and natural gas properties primarily in the Gulf of Mexico. The company plans to continue to expand its reserve base and increase cash flow through the exploration and development of existing properties and the acquisition of proved properties with drilling upside. The company emphasizes: reserve growth through exploratory drilling balance between exploration and the acquisition and exploitation of proved properties strong geographic focus control of operations/low cost structure and use of 3-D seismic. Newfield Exploration Company has a market cap of $2.51 billion; its shares were traded at around $18.95 with a P/E ratio of 3.44 and P/S ratio of 1.24.

Added: Fortune Brands Inc. (FO)

David Dreman added to his holdings in Fortune Brands Inc. by 153.08%. His purchase prices were between $53.03 and $62.01, with an estimated average price of $57.7. The impact to his portfolio due to this purchase was 0.02%. His holdings were 65,800 shares as of 09/30/2008.

Fortune Brands is a holding company with subsidiaries engaged in themanufacture and sale of home products (plumbing accessories security devices and tool storage products) office products (stapling equipment computer accessories and supplies) golf products and spirits and wine. The company is recently involved in a strategy of seeking to enhance the operations of its principal operating companies. Fortune Brands Inc. has a market cap of $5.34 billion; its shares were traded at around $35.65 with a P/E ratio of 6.96 and P/S ratio of 0.73. The dividend yield of Fortune Brands Inc. stocks is 4.61%.

Added: Protective Life Corp. (PL)

David Dreman added to his holdings in Protective Life Corp. by 39.32%. His purchase prices were between $31.35 and $37, with an estimated average price of $35.4. The impact to his portfolio due to this purchase was 0.02%. His holdings were 298,670 shares as of 09/30/2008.

Protective Life Corp. is a holding company whose subsidiaries provide financial services through the production distribution and administration of insurance and investment products. The company operates seven divisions whose principal strategic focuses can be grouped into three general categories: life insurance specialty insurance products and retirement savings and investment products. Protective Life Corp. has a market cap of $627.75 million; its shares were traded at around $8.98 with a P/E ratio of 18.36 and P/S ratio of 0.25. The dividend yield of Protective Life Corp. stocks is 11.26%.

Added: ParkerHannifin Corp. (PH)

David Dreman added to his holdings in ParkerHannifin Corp. by 158.61%. His purchase prices were between $53.24 and $70.25, with an estimated average price of $63.2. The impact to his portfolio due to this purchase was 0.02%. His holdings were 74,349 shares as of 09/30/2008.

Parker-Hannifin Corporation is a leading worldwide full-line manufacturer of motion control products including fluid power systems electro-mechanical controls and related components. Fluid power involvesthe transfer and control of power through the medium of liquid gas or air in hydraulic pneumatic and vacuum applications. Fluid power systems move and position materials control machines vehicles and equipment and improve industrial efficiency and productivity. ParkerHannifin Corp. has a market cap of $5.59 billion; its shares were traded at around $34.66 with a P/E ratio of 6.08 and P/S ratio of 0.47. The dividend yield of ParkerHannifin Corp. stocks is 2.58%.

Added: Noble Energy Inc. (NBL)

David Dreman added to his holdings in Noble Energy Inc. by 154.83%. His purchase prices were between $59.29 and $92.63, with an estimated average price of $72.1. The impact to his portfolio due to this purchase was 0.02%. His holdings were 66,000 shares as of 09/30/2008.

Noble Energy the parent company of Samedan Oil Corporation Noble Gas Marketing Inc. and Noble Trading Inc. is one of the nation's leading independent energy companies. Noble Energy operates throughout major basins in the United Stated including the Gulf of Mexico as well as internationally in Argentina China Ecuador Equatorial Guinea the Mediterranean Sea the North Sea and Vietnam. Noble Energy Inc. has a market cap of $7.95 billion; its shares were traded at around $46 with a P/E ratio of 6.08 and P/S ratio of 2.16. The dividend yield of Noble Energy Inc. stocks is 1.39%.

Added: Edison International (EIX)

David Dreman added to his holdings in Edison International by 154.72%. His purchase prices were between $39.74 and $51.35, with an estimated average price of $45.5. The impact to his portfolio due to this purchase was 0.02%. His holdings were 118,700 shares as of 09/30/2008.

Edison International is an international electric power generator distributor and structured finance provider. Edison International is one of the industry leaders in privatized deregulated and incentive-regulated markets and power generation. It is the parent company of Edison Mission Energy Southern California Edison Edison Capita Edison Enterprises and Edison O&M Services. (Company Press Release) Edison International has a market cap of $10.7 billion; its shares were traded at around $32.85 with a P/E ratio of 8.97 and P/S ratio of 0.80. The dividend yield of Edison International stocks is 3.43%.

Added: PPG Industries Inc. (PPG)

David Dreman added to his holdings in PPG Industries Inc. by 86.16%. His purchase prices were between $54.35 and $67.03, with an estimated average price of $61.1. The impact to his portfolio due to this purchase was 0.02%. His holdings were 79,230 shares as of 09/30/2008.

PPG Industries Inc. is comprised of three following basic business segments: coatings glass and chemicals. Areas in which resources have been focused are automotive original refinish industrial aerospace packaging and architectural coatings; flat glass automotive original and replacement glass aircraft transparencies continuous-strand fiber glass; and chlor-alkali and specialty chemicals. PPG Industries Inc. has a market cap of $7.26 billion; its shares were traded at around $44.19 with a P/E ratio of 10.98 and P/S ratio of 0.51. The dividend yield of PPG Industries Inc. stocks is 4.2%.

Added: The SherwinWilliams Company (SHW)

David Dreman added to his holdings in The SherwinWilliams Company by 92.64%. His purchase prices were between $46.9 and $63.36, with an estimated average price of $56.4. The impact to his portfolio due to this purchase was 0.02%. His holdings were 103,350 shares as of 09/30/2008.

Sherwin-Williams Co. is a manufacturer distributor and retailer of paint coatings and related products. It is the one of largest paint companies in the United States and in the world. Well known brands include Sherwin- Williams Dutch Boy Pratt & Lambert Martin-Senour Thompson's Minwax and Krylon. (Company Press Release) The SherwinWilliams Company has a market cap of $6.06 billion; its shares were traded at around $51.82 with a P/E ratio of 11.91 and P/S ratio of 0.77. The dividend yield of The SherwinWilliams Company stocks is 2.46%.

Added: PPL Corp. (PPL)

David Dreman added to his holdings in PPL Corp. by 156.39%. His purchase prices were between $37.59 and $51.34, with an estimated average price of $43.9. The impact to his portfolio due to this purchase was 0.02%. His holdings were 109,350 shares as of 09/30/2008.

PPL Corporation is an energy and utility holding company. PPL controls about 11500 megawatts of generating capacity in the United States sells energy in key U.S. markets and delivers electricity to customers in Pennsylvania the United Kingdom and Latin America. PPL Corp. has a market cap of $11.11 billion; its shares were traded at around $29.65 with a P/E ratio of 10.43 and P/S ratio of 1.63. The dividend yield of PPL Corp. stocks is 4.08%.

Added: Supervalu Inc. (SVU)

David Dreman added to his holdings in Supervalu Inc. by 140.14%. His purchase prices were between $23.01 and $30.47, with an estimated average price of $25.8. The impact to his portfolio due to this purchase was 0.02%. His holdings were 137,480 shares as of 09/30/2008.

SUPERVALU is one of the nation's largest supermarket retailer and largest food distributor. The company conducts its retail operations under three principal store formats: price uperstores under such retail banners as Cub Foods Shop `n Save Shoppers Food Warehouse Metro and biggs. Also the company sells food and non-food products at wholesale throughout the United States to retail food stores mass merchants and through other logistics arrangements. The company's plans include growing its retail operations through new store development and acquisitions. Supervalu Inc. has a market cap of $2.67 billion; its shares were traded at around $12.61 with a P/E ratio of 4.59 and P/S ratio of 0.06. The dividend yield of Supervalu Inc. stocks is 4.85%.

Added: Autoliv Inc. (ALV)

David Dreman added to his holdings in Autoliv Inc. by 42.29%. His purchase prices were between $35.53 and $44.42, with an estimated average price of $38.9. The impact to his portfolio due to this purchase was 0.02%. His holdings were 210,300 shares as of 09/30/2008.

Autoliv Inc. is a worldwide leader in automotive safety a pioneer in both seatbelts and airbags and a technology leader with the widest product offering for automotive safety. All the leading automobile manufacturers in the world are our customers. Autoliv Inc. has a market cap of $1.29 billion; its shares were traded at around $18.3 with a P/E ratio of 4.52 and P/S ratio of 0.19. The dividend yield of Autoliv Inc. stocks is 7.68%.

Added: Ameren Corp. (AEE)

David Dreman added to his holdings in Ameren Corp. by 154.14%. His purchase prices were between $38.57 and $41.83, with an estimated average price of $40.4. The impact to his portfolio due to this purchase was 0.02%. His holdings were 99,750 shares as of 09/30/2008.

Ameren Corporation companies provide energy services customers in Missouri and Illinois. AmerenUE one of its subsidiaries is the one of the largest electric utilities in Missouri and distributors of natural gas. AmerenCIPS another subsidiary is both an electric and natural gas utility and serves one of the largest geographic areas of Illinois-based utility companies. (Company Press Release) Ameren Corp. has a market cap of $6.63 billion; its shares were traded at around $31.46 with a P/E ratio of 10.03 and P/S ratio of 0.89. The dividend yield of Ameren Corp. stocks is 7.83%.

Added: Yamana Gold Inc. (AUY)

David Dreman added to his holdings in Yamana Gold Inc. by 139.81%. His purchase prices were between $8.54 and $15.82, with an estimated average price of $11.3. The impact to his portfolio due to this purchase was 0.02%. His holdings were 407,300 shares as of 09/30/2008.

Yamana Gold is a Canadian gold producer with significant gold production gold and copper-gold development stage properties exploration properties and land positions in all major mineral areas in Brazil. Yamana Gold Inc. has a market cap of $2.83 billion; its shares were traded at around $4.05 with a P/E ratio of 9.20 and P/S ratio of 2.74. The dividend yield of Yamana Gold Inc. stocks is 2.59%.

Added: Seagate Technology (STX)

David Dreman added to his holdings in Seagate Technology by 122.79%. His purchase prices were between $12.22 and $17.51, with an estimated average price of $14.8. The impact to his portfolio due to this purchase was 0.02%. His holdings were 263,090 shares as of 09/30/2008.

Seagate Technology is the worldwide leader in the design manufacture and marketing of hard disc drives providing products for a wide-range of applications including Enterprise Desktop Mobile Computing Consumer Electronics and Branded Solutions. Seagate's business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers and to be the low cost producer in all markets in which it participates. The company is committed to providing award- winning products customer support and reliability to meet the world's growing demand for information storage. Seagate Technology has a market cap of $2.35 billion; its shares were traded at around $5.49 with a P/E ratio of 2.57 and P/S ratio of 0.22. The dividend yield of Seagate Technology stocks is 7.09%.

Added: Beckman Coulter Inc. (BEC)

David Dreman added to his holdings in Beckman Coulter Inc. by 29.73%. His purchase prices were between $68.19 and $76.39, with an estimated average price of $71.9. The impact to his portfolio due to this purchase was 0.02%. His holdings were 123,050 shares as of 09/30/2008.

Beckman Coulter Inc. simplifies and automates laboratory processes used in all phases of the battle against disease. The company designs manufactures and markets systems which consist of instruments chemistries software and supplies that meet a variety of laboratory needs. Its products are used in a range of applications from instruments used for pioneering medical research and drug discovery to diagnostic tools found in hospitals and physicians' offices. Beckman Coulter Inc. has a market cap of $2.92 billion; its shares were traded at around $46.57 with a P/E ratio of 18.57 and P/S ratio of 0.99. The dividend yield of Beckman Coulter Inc. stocks is 1.36%.

Added: Cooper Industries Ltd. (CBE)

David Dreman added to his holdings in Cooper Industries Ltd. by 140.88%. His purchase prices were between $37.41 and $47.64, with an estimated average price of $43.6. The impact to his portfolio due to this purchase was 0.02%. His holdings were 106,950 shares as of 09/30/2008.

Cooper Industries is a diversified manufacturer marketer and seller of electrical products tools and hardware. Cooper operates facilities in countries and manufactures products serving the industrial construction and electrical distribution markets. The company manufactures electrical distribution equipment hazardous duty electrical equipment emergency lighting lighting fixtures and fuses non-power hand tools and industrial power tools chain products. Some of the company's brands include Buss Edison Crouse-Hinds Weller DGD Buckeye Cooper and Master Power. Cooper Industries Ltd. has a market cap of $4.43 billion; its shares were traded at around $25.56 with a P/E ratio of 6.52 and P/S ratio of 0.72. The dividend yield of Cooper Industries Ltd. stocks is 3.23%.

Added: Royal Caribbean Cruises Ltd. (RCL)

David Dreman added to his holdings in Royal Caribbean Cruises Ltd. by 141.46%. His purchase prices were between $19.83 and $29.06, with an estimated average price of $25.5. The impact to his portfolio due to this purchase was 0.01%. His holdings were 76,300 shares as of 09/30/2008.

Royal Caribbean Cruises Ltd. is a global cruise vacation company that operates Royal Caribbean International Celebrity Cruises and Royal Celebrity Tours. Royal Celebrity Tours operates cruise tour vacations in Alaska utilizing the world's largest glass-domed railcars. Royal Caribbean Cruises Ltd. has a market cap of $2.35 billion; its shares were traded at around $11.01 with a P/E ratio of 3.67 and P/S ratio of 0.37. The dividend yield of Royal Caribbean Cruises Ltd. stocks is 4.42%.

Added: BJ Services Company (BJS)

David Dreman added to his holdings in BJ Services Company by 203.69%. His purchase prices were between $20.8 and $30.72, with an estimated average price of $26.4. The impact to his portfolio due to this purchase was 0.01%. His holdings were 101,160 shares as of 09/30/2008.

BJ Services Company is a leading provider of pressure pumping and other oilfield services serving the petroleum industry worldwide. The Company's pressure pumping services consist of cementing and stimulation services used in the completion of new oil and natural gas wells and in remedial work on existing wells both onshore and offshore. BJ Services Company has a market cap of $3.23 billion; its shares were traded at around $10.98 with a P/E ratio of 5.33 and P/S ratio of 0.64. The dividend yield of BJ Services Company stocks is 1.56%.

Added: RenaissanceRe Holdings Ltd. (RNR)

David Dreman added to his holdings in RenaissanceRe Holdings Ltd. by 469.73%. His purchase prices were between $45.92 and $56.95, with an estimated average price of $49.9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 29,170 shares as of 09/30/2008.

RENAISSANCERE Holdings Ltd. provides reinsurance and insurance coverage where the risk of natural catastrophe represents a significant component of the overall exposure. You'll find information on our web-site about Renaissance Re as well as all of our other subsidiary companies and the nature of their businesses. RenaissanceRe Holdings Ltd. has a market cap of $2.5 billion; its shares were traded at around $40.7 with a P/E ratio of 25.68 and P/S ratio of 1.96. The dividend yield of RenaissanceRe Holdings Ltd. stocks is 2%.

Added: Cameco Corp. (CCJ)

David Dreman added to his holdings in Cameco Corp. by 142.44%. His purchase prices were between $23.34 and $40.89, with an estimated average price of $31.6. The impact to his portfolio due to this purchase was 0.01%. His holdings were 108,250 shares as of 09/30/2008.

Cameco Corporation is the world's largest publicly traded uranium company and a growing gold producer. Its uranium products are used to generate electricity in nuclear power plants around the world providing one of the cleanest sources of energy available today. Cameco Corp. has a market cap of $4.82 billion; its shares were traded at around $14 with a P/E ratio of 13.92 and P/S ratio of 2.68. The dividend yield of Cameco Corp. stocks is 1.39%.

Added: CIGNA Corp. (CI)

David Dreman added to his holdings in CIGNA Corp. by 80.19%. His purchase prices were between $33.81 and $43.15, with an estimated average price of $38.4. The impact to his portfolio due to this purchase was 0.01%. His holdings were 98,760 shares as of 09/30/2008.

CIGNA Corporation is an investor-owned employee benefits organizations in the United States. Its subsidiaries are major providers of health care products and services group life accident and disability insurance retirement products and services and investment management. CIGNA conducts its business through the following operating divisions: Employee Health Care Life and Disability Benefits; Employee Retirement Benefits and Investment Services; International Life Health and Employee Benefits; and Other Operations. CIGNA Corp. has a market cap of $3.54 billion; its shares were traded at around $13.01 with a P/E ratio of 4.77 and P/S ratio of 0.21. The dividend yield of CIGNA Corp. stocks is 0.31%.

Added: CBS Corp. (CBS)

David Dreman added to his holdings in CBS Corp. by 68.14%. His purchase prices were between $15.4 and $18.3, with an estimated average price of $16.6. The impact to his portfolio due to this purchase was 0.01%. His holdings were 154,840 shares as of 09/30/2008.

CBS Corporation is a mass media company with constituent parts that reach back to the beginnings of the broadcast industry as well as newer businesses that operate on the leading edge of the media industry. The Company through its many and varied operations combines broad reach with well-positioned local businesses all of which provide it with an extensive distribution network by which it serves audiences and advertisers in states and key international markets. It has operations in virtually every field of media and entertainment including broadcast television (CBS and UPN) cable television (Showtime) local television (CBS Television Stations) television production and syndication (CBS Paramount Television and King World) radio (CBS Radio) advertising on out-of-home media (CBS Outdoor) publishing (Simon & Schuster) theme parks (Paramount Parks) digital media (CBS Digital Media Group and CSTV Networks) and consumer products (CBS Consumer Products). CBS Corp. has a market cap of $4.13 billion; its shares were traded at around $6.07 with P/S ratio of 0.37. The dividend yield of CBS Corp. stocks is 11.12%.

Added: Eaton Corp. (ETN)

David Dreman added to his holdings in Eaton Corp. by 83.26%. His purchase prices were between $57.41 and $81.71, with an estimated average price of $71.1. The impact to his portfolio due to this purchase was 0.01%. His holdings were 46,950 shares as of 09/30/2008.

Eaton Corporation is a global diversified industrial manufacturer. Eaton is one of the leaders in fluid power systems electrical power quality and controls automotive air management and fuel economy and intelligent truck components for fuel economy and safety. Eaton Corp. has a market cap of $6.58 billion; its shares were traded at around $39.91 with a P/E ratio of 5.49 and P/S ratio of 0.47. The dividend yield of Eaton Corp. stocks is 4.45%.

Added: International Paper Company (IP)

David Dreman added to his holdings in International Paper Company by 137.42%. His purchase prices were between $21.81 and $30.59, with an estimated average price of $26.7. The impact to his portfolio due to this purchase was 0.01%. His holdings were 87,370 shares as of 09/30/2008.

International Paper Co. is a global paper and forest products company thatis complemented by an extensive distribution system. The company producesprinting and writing papers pulp tissue paperboard and packaging and wood products. The company also manufacture specialty chemicals and specialty panels and laminated products. Its primary markets and manufacturing and distribution operations are in the United States Europe and the Pacific Rim. International Paper Company has a market cap of $4.98 billion; its shares were traded at around $11.77 with a P/E ratio of 5.97 and P/S ratio of 0.24. The dividend yield of International Paper Company stocks is 5.79%.

Added: The TJX Companies Inc. (TJX)

David Dreman added to his holdings in The TJX Companies Inc. by 146.45%. His purchase prices were between $31 and $36.71, with an estimated average price of $33.8. The impact to his portfolio due to this purchase was 0.01%. His holdings were 83,300 shares as of 09/30/2008.

TJX Companies Inc. is an off-price retailer of apparel and home fashions in the U.S. and worldwide. The company operates T.J. Maxx stores Marshalls stores and Winners Apparel Ltd. stores a Canadian off-price family apparel and home fashions chain. It also operates HomeGoods a U.S. off-price home fashions chains and T.K. Maxx an off-price family apparel and home fashions chain in the United Kingdom the Republic of Ireland and the Netherlands. In addition it operates A.J. Wright a new U.S. chain of off-price family apparel and home fashions stores. The TJX Companies Inc. has a market cap of $9.12 billion; its shares were traded at around $21.75 with a P/E ratio of 10.40 and P/S ratio of 0.51. The dividend yield of The TJX Companies Inc. stocks is 1.64%.

Added: Cincinnati Financial Corp. (CINF)

David Dreman added to his holdings in Cincinnati Financial Corp. by 82.7%. His purchase prices were between $22.98 and $33.6, with an estimated average price of $28.1. The impact to his portfolio due to this purchase was 0.01%. His holdings were 114,123 shares as of 09/30/2008.

Cincinnati Financial Corporation offers property and casualty insurance its main business through The Cincinnati Insurance Company The Cincinnati Indemnity Company and The Cincinnati Casualty Company. The Cincinnati Life Insurance Company markets life and disability income insurance and annuities. CFC Investment Company offers commercial leasing and financing services. CinFin Capital Management Company provides asset management services to institutions corporations and individuals. Cincinnati Financial Corp. has a market cap of $3.76 billion; its shares were traded at around $23.16 with a P/E ratio of 8.42 and P/S ratio of 1.04. The dividend yield of Cincinnati Financial Corp. stocks is 6%.

Added: Biovail Corp. (BVF)

David Dreman added to his holdings in Biovail Corp. by 119.94%. His purchase prices were between $9.34 and $10.98, with an estimated average price of $10.1. The impact to his portfolio due to this purchase was 0.01%. His holdings were 271,500 shares as of 09/30/2008.

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 $1.36 billion; its shares were traded at around $8.55 with a P/E ratio of 28.79 and P/S ratio of 1.76. The dividend yield of Biovail Corp. stocks is 17.44%.

Added: Whirlpool Corp. (WHR)

David Dreman added to his holdings in Whirlpool Corp. by 60.57%. His purchase prices were between $61.66 and $90.49, with an estimated average price of $77.7. The impact to his portfolio due to this purchase was 0.01%. His holdings were 36,900 shares as of 09/30/2008.

Whirlpool Corp. manufactures and markets a full line of major appliances and related products primarily for home use. The company's principal products are home laundry appliances home refrigerators and freezers home cooking appliances home dishwashers room air-conditioning equipment and mixers and other small household appliances. The company also produces hermetic compressors and plastic components primarilyfor the home appliance and electronics industries. Whirlpool Corp. has a market cap of $2.78 billion; its shares were traded at around $37.83 with a P/E ratio of 5.19 and P/S ratio of 0.15. The dividend yield of Whirlpool Corp. stocks is 3.69%.

Added: Mylan Laboratories Inc. (MYL)

David Dreman added to his holdings in Mylan Laboratories Inc. by 152.76%. His purchase prices were between $11.55 and $14.02, with an estimated average price of $12.6. The impact to his portfolio due to this purchase was 0.01%. His holdings were 212,950 shares as of 09/30/2008.

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 $2.78 billion; its shares were traded at around $9.11 with P/S ratio of 0.59.

Added: Marshall & Ilsley Corp. (MI)

David Dreman added to his holdings in Marshall & Ilsley Corp. by 28.01%. His purchase prices were between $12.56 and $29.5, with an estimated average price of $16.8. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 121,095 shares as of 09/30/2008.

Marshall & Ilsley Corp. is a diversified financial services corporation. The company has a large retail banking presence in Wisconsin with offices throughout the state. In addition M&I retail locations are located in Phoenix and Tucson Ariz.; Las Vegas Nev. and Naples Fla. M&I also provides trust and investment management equipment leasing data processing mortgage banking financial planning investments and insurance services from offices throughout the country and on the Internet. (Company Press Release) Marshall & Ilsley Corp. has a market cap of $3.78 billion; its shares were traded at around $14.54 with a P/E ratio of 11.55 and P/S ratio of 3.71. The dividend yield of Marshall & Ilsley Corp. stocks is 7.1%.

New Purchase: Imperial Tobacco Group PLC (ITY)

David Dreman initiated holdings in Imperial Tobacco Group PLC. His purchase prices were between $61.6 and $73.68, with an estimated average price of $68.8. The impact to his portfolio due to this purchase was 0.25%. His holdings were 420,221 shares as of 09/30/2008.

Imperial Tobacco's strategy is based on five key objectives: To focus on tobacco and tobacco-related products to strengthen home market positions in the UK and Germany to extend international presence through both organic growth and acquisitions to pursue opportunities for profitable international development in selected markets and to continue to increase productivity and control costs through capital investment in new technology. Imperial Tobacco Group PLC has a market cap of $ million; its shares were traded at around $61.6 . The dividend yield of Imperial Tobacco Group PLC stocks is 4.66%.

New Purchase: The Walt Disney Company Disney (DIS)

David Dreman initiated holdings in The Walt Disney Company Disney. His purchase prices were between $29.2 and $34.39, with an estimated average price of $31.8. The impact to his portfolio due to this purchase was 0.13%. His holdings were 445,290 shares as of 09/30/2008.

Walt Disney Company owns 100% of Disney Enterprises Inc. whichtogether with its subsidiaries is a diversified worldwide entertainmentcompany with operations in five business segments: Media Networks StudioEntertainment Theme Parks and Resorts Consumer Products and Internet andDirect Marketing. The Walt Disney Company Disney has a market cap of $36.75 billion; its shares were traded at around $20.16 with a P/E ratio of 8.85 and P/S ratio of 1.05. The dividend yield of The Walt Disney Company Disney stocks is 1.35%.

New Purchase: KimberlyClark Corp. (KMB)

David Dreman initiated holdings in KimberlyClark Corp.. His purchase prices were between $54.48 and $66.07, with an estimated average price of $60.8. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 3,230 shares as of 09/30/2008.

Kimberly-Clark Corporation is one of the leading consumer products companies. Its global tissue personal care and health care brands include Huggies Pull-Ups Kotex Depend Kleenex Scott Kimberly-Clark Safeskin Tecnol Kimwipes and Wypall. Other brands well known outside the U.S. include Andrex Scottex Page Popee and Kimbies. Kimberly-Clark also is a major producer of premium business correspondence and technical papers. (Company Press Release) KimberlyClark Corp. has a market cap of $23.39 billion; its shares were traded at around $56.53 with a P/E ratio of 13.80 and P/S ratio of 1.22. The dividend yield of KimberlyClark Corp. stocks is 3.79%.

New Purchase: VeraSun Energy Corp. (VSE)

David Dreman initiated holdings in VeraSun Energy Corp.. His purchase prices were between $1.72 and $7.2, 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 44,550 shares as of 09/30/2008.

VERASUN ENERGY is a leading producer of renewable fuel. They has more than one billion gallons per year of production capacity through 11 operating ethanol production facilities. Six facilities are currently either under construction or development with a combined capacity of 660 million gallons per year Upon completion of the new facilities. VeraSun Energy Corp. has a market cap of $ million; its shares were traded at around $0.28 .

Reduced: Western Digital Corp. (WDC)

David Dreman reduced to his holdings in Western Digital Corp. by 39.99%. His sale prices were between $21.64 and $33.28, with an estimated average price of $28.3. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 19,850 shares as of 09/30/2008.

Western Digital Corp. designs develops manufactures and markets a broad line of hard drives featuring leading-edge technology. The company's hard drives are designed for the desktop PC market and the high-end hard drive market and recently for the emerging market for hard drives specially designed for audio-visual applications such as new video recording devices. The company sells its products worldwide to computer manufacturers for inclusion in their computer systems or subsystems and to distributors resellers and retailers. Western Digital Corp. has a market cap of $2.92 billion; its shares were traded at around $13.17 with a P/E ratio of 2.96 and P/S ratio of 0.38.

Reduced: Wells Fargo & Company (WFC)

David Dreman reduced to his holdings in Wells Fargo & Company by 41.23%. His sale prices were between $22.53 and $39.41, with an estimated average price of $30.1. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 19,240 shares as of 09/30/2008.

Wells Fargo & Company is a diversified financial services company providing banking insurance investments mortgage and consumer finance services through stores its Internet site and other distribution channels across North America as well as internationally. (Company Press Release) Wells Fargo & Company has a market cap of $90.78 billion; its shares were traded at around $27.3 with a P/E ratio of 13.47 and P/S ratio of 2.95. The dividend yield of Wells Fargo & Company stocks is 3.99%.

Reduced: Morgan Stanley (MS)

David Dreman reduced to his holdings in Morgan Stanley by 41.35%. His sale prices were between $24.45 and $44.49, with an estimated average price of $36.6. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 10,920 shares as of 09/30/2008.

MORGAN STANLEY is a preeminent global financial services firm that maintains leading market positions in each of its three primary businesses: securities; asset management; and credit services. The company combines global strength in investment banking and institutionalsales and trading with strength in providing full-service and on-line brokerage services investment and global asset management services and primarily through its Discover Card brand quality consumer credit products. Morgan Stanley has a market cap of $12.68 billion; its shares were traded at around $11.94 with a P/E ratio of 35.86 and P/S ratio of 0.67. The dividend yield of Morgan Stanley stocks is 6.18%.

Reduced: Masco Corp. (MAS)

David Dreman reduced to his holdings in Masco Corp. by 39.67%. His sale prices were between $14.27 and $19, with an estimated average price of $17.3. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 27,830 shares as of 09/30/2008.

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 $2.72 billion; its shares were traded at around $7.55 with P/S ratio of 0.28. The dividend yield of Masco Corp. stocks is 9.26%.

Reduced: Nordstrom Inc. (JWN)

David Dreman reduced to his holdings in Nordstrom Inc. by 39.75%. His sale prices were between $27.23 and $34.07, with an estimated average price of $30.5. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 16,660 shares as of 09/30/2008.

Nordstrom Inc. is one of the nation's leading fashion specialty retailers with stores located in a number of states including full-line stores Nordstrom Racks Faconnable boutiques and free-standing shoe stores. Nordstrom also operates Faconnable boutiques throughout Europe. Additionally Nordstrom serves customers through its online presence and through its direct mail catalogs. (Company Press Release) Nordstrom Inc. has a market cap of $2.72 billion; its shares were traded at around $12.62 with a P/E ratio of 4.53 and P/S ratio of 0.33. The dividend yield of Nordstrom Inc. stocks is 3.55%.

Reduced: Exxon Mobil Corp. (XOM)

David Dreman reduced to his holdings in Exxon Mobil Corp. by 40.57%. His sale prices were between $75.19 and $87.32, with an estimated average price of $79.8. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 6,490 shares as of 09/30/2008.

Exxon Mobil Corporation's principal business is energy involving exploration for and production of crude oil and natural gas manufacturing of petroleum products and transportation and sale of crudeoil natural gas and petroleum products. Exxon Mobil is a major manufacturer and marketer of basic petrochemicals including olefins aromatics polyethylene and polypropylene plastics and a wide variety of specialty products. Exxon Mobil is engaged in exploration for and mining and sale of coal copper and other minerals. Exxon Mobil Corp. has a market cap of $350.62 billion; its shares were traded at around $68.93 with a P/E ratio of 7.46 and P/S ratio of 0.80. The dividend yield of Exxon Mobil Corp. stocks is 2.16%.

Reduced: W.R. Berkley Corp. (WRB)

David Dreman reduced to his holdings in W.R. Berkley Corp. by 40.8%. His sale prices were between $22.72 and $25.33, with an estimated average price of $23.5. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 19,880 shares as of 09/30/2008.

W. R. Berkley Corporation is an insurance holding company which through its subsidiaries operates in all segments of the property casualty insurance business: regional property casualty insurance; reinsurance; specialty lines of insurance; alternative markets; and international. The company's regional insurance operations are conducted primarily in the Midwestern Southern and Northeastern sections of the United States. Reinsurance specialty insurance and alternative markets operations are conducted nationwide. W.R. Berkley Corp. has a market cap of $3.96 billion; its shares were traded at around $24.44 with a P/E ratio of 10.28 and P/S ratio of 0.79. The dividend yield of W.R. Berkley Corp. stocks is 0.91%.

Reduced: Ltd. Brands Inc. (LTD)

David Dreman reduced to his holdings in Ltd. Brands Inc. by 40.92%. His sale prices were between $14.88 and $20.8, with an estimated average price of $18.3. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 31,760 shares as of 09/30/2008.

The Limited Inc. is principally engaged in the purchase distribution and sale of women's men's and children's apparel women's intimate apparel personal care products and a wide variety of sporting goods. The company operates an integrated distribution system which supports its retail activities. These activities are conducted under various trade names primarily through the retail stores and catalogue businesses of the company. Merchandise is targeted to appeal to customers in various market segments that have distinctive consumer characteristics. Ltd. Brands Inc. has a market cap of $2.95 billion; its shares were traded at around $8.67 with a P/E ratio of 5.06 and P/S ratio of 0.34. The dividend yield of Ltd. Brands Inc. stocks is 5.01%.

Reduced: Kohl's Corp. (KSS)

David Dreman reduced to his holdings in Kohl's Corp. by 41.05%. His sale prices were between $39.11 and $51.79, with an estimated average price of $46.8. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 13,070 shares as of 09/30/2008.

Kohl's Corporation operates family oriented specialty department stores primarily in the Midwest Mid-Atlantic and Northeast areas of the United States that feature quality national brand merchandise priced to provide exceptional value to customers. The company's stores sell moderately priced apparel shoes accessories and home products targeted to middle-income customers shopping for their families and homes. Kohl's stores feature easily accessible locations well laid out stores central checkout and good in-stock. Kohl's Corp. has a market cap of $8.79 billion; its shares were traded at around $28.87 with a P/E ratio of 9.06 and P/S ratio of 0.56.

Reduced: Lincoln National Corp. (LNC)

David Dreman reduced to his holdings in Lincoln National Corp. by 39.99%. His sale prices were between $43.75 and $54.16, with an estimated average price of $48.2. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 10,370 shares as of 09/30/2008.

Lincoln National Corp. is a holding company. Through subsidiary companies the company operates multiple insurance and investment management businesses. Operations are divided into four business segments: Life Insurance and Annuities; Lincoln UK; Reinsurance and; Investment Management. Lincoln National Corp. has a market cap of $3.66 billion; its shares were traded at around $14.31 with a P/E ratio of 5.56 and P/S ratio of 0.40. The dividend yield of Lincoln National Corp. stocks is 9.63%.

Reduced: Liberty Media Corp. Series A Liberty Ent (LMDIA)

David Dreman reduced to his holdings in Liberty Media Corp. Series A Liberty Ent by 40.97%. His sale prices were between $23.39 and $27.79, with an estimated average price of $25.5. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 20,170 shares as of 09/30/2008.

Liberty Media Corp. Series A Liberty Ent has a market cap of $6.74 billion; its shares were traded at around $13.05 with a P/E ratio of 1.19 and P/S ratio of 5.57.

Reduced: Loews Corp. (L)

David Dreman reduced to his holdings in Loews Corp. by 40.11%. His sale prices were between $40.98 and $45.89, with an estimated average price of $43. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 12,170 shares as of 09/30/2008.

Loews Corporation is a holding company. Its subsidiaries are engaged in thefollowing lines of business: property casualty and life insurance; the production and sale of cigarettes; the operation of hotels; the operation of offshore oil and gas drilling rigs; and the distribution and sale of watches and clocks. Loews Corp. has a market cap of $11.57 billion; its shares were traded at around $26.54 with a P/E ratio of 2.35 and P/S ratio of 0.69. The dividend yield of Loews Corp. stocks is 0.75%.

Reduced: Lam Research Corp. (LRCX)

David Dreman reduced to his holdings in Lam Research Corp. by 40.9%. His sale prices were between $31.31 and $38.52, with an estimated average price of $34.3. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 13,440 shares as of 09/30/2008.

Lam Research Corporation designs manufactures markets and services semiconductor processing equipment used in the fabrication of integrated circuits. Lam is recognized as a leading supplier of front-end wafer processing equipment to the worldwide semiconductor industry. TheCompany's products are used selectively to etch away portions of various films to create an integrated circuit. Lam Research Corp. has a market cap of $2.26 billion; its shares were traded at around $18.04 with a P/E ratio of 7.62 and P/S ratio of 1.09.

Reduced: VF Corp. (VFC)

David Dreman reduced to his holdings in VF Corp. by 41.25%. His sale prices were between $70.15 and $82.65, with an estimated average price of $76.6. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 8,260 shares as of 09/30/2008.

V.F. Corporation designs manufactures and markets branded jeanswear intimate apparel children's playwear occupational apparel knitwear and other apparel. VF Corporation oversees the operations of its individual businesses providing them with financial and administrative resources. Its principal brands include Lee Wrangler Riders Rustler Vanity Fair Vassarette Bestform Lily of France Lee Sport Healthtex JanSport Eastpak Red Kap and The North Face. VF Corp. has a market cap of $5.17 billion; its shares were traded at around $46.95 with a P/E ratio of 8.05 and P/S ratio of 0.70. The dividend yield of VF Corp. stocks is 4.21%.

Reduced: Sempra Energy (SRE)

David Dreman reduced to his holdings in Sempra Energy by 39.86%. His sale prices were between $53.13 and $57.78, with an estimated average price of $55.6. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 9,670 shares as of 09/30/2008.

Sempra Energy is an energy services holding company. Through its eight principal subsidiaries -- Southern California Gas Company San Diego Gas & Electric Sempra Energy Solutions Sempra Energy Trading Sempra Energy International Sempra Energy Resources Sempra Communications and Sempra Energy Financial -- Sempra Energy serves customers in the United States Europe Canada Mexico South America and Asia. (Company Press Release) Sempra Energy has a market cap of $10.09 billion; its shares were traded at around $40.95 with a P/E ratio of 9.85 and P/S ratio of 0.89. The dividend yield of Sempra Energy stocks is 3.29%.

Reduced: The Progressive Corp. (PGR)

David Dreman reduced to his holdings in The Progressive Corp. by 39.97%. His sale prices were between $17.31 and $20.2, with an estimated average price of $18.7. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 31,810 shares as of 09/30/2008.

Progressive Corp. is an auto insurance company and a writer of auto insurance through independent agents. Progressive is committed to providing independent agents with a financially strong company that offers competitive products designed specifically for the agency business; a strong national brand that drives consumers to independent agent's offices; 24-hour in-person services for them and their customers; and continued innovations in technology. (Company Press Release) The Progressive Corp. has a market cap of $8.23 billion; its shares were traded at around $12.18 with P/S ratio of 0.64. The dividend yield of The Progressive Corp. stocks is 1.02%.

Reduced: SunTrust Banks Inc. (STI)

David Dreman reduced to his holdings in SunTrust Banks Inc. by 36.33%. His sale prices were between $30.34 and $59.2, with an estimated average price of $42.2. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 17,104 shares as of 09/30/2008.

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 $12.04 billion; its shares were traded at around $34.02 with a P/E ratio of 10.52 and P/S ratio of 1.87. The dividend yield of SunTrust Banks Inc. stocks is 7.67%.

Reduced: Southern Copper Corp. (PCU)

David Dreman reduced to his holdings in Southern Copper Corp. by 39.93%. His sale prices were between $21.77 and $32.84, with an estimated average price of $26. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 17,300 shares as of 09/30/2008.

Southern Peru Copper Corp. objective is to increase stockholder value through earnings and cash flow growth in varied market conditions. The company intends to further realize the potential of there existing operations by expanding our production capacity and reserves as well as exploring and developing promising mineral deposits. The company believe that there existing operations have significant growth potential that can be financed mainly through internally generated cash flows. They also intend to supplement internal growth by selectively pursuing value-enhancing acquisition opportunities. Southern Copper Corp. has a market cap of $11.15 billion; its shares were traded at around $12.8 with a P/E ratio of 6.14 and P/S ratio of 2.15. The dividend yield of Southern Copper Corp. stocks is 15.66%.

Reduced: Pitney Bowes Inc. (PBI)

David Dreman reduced to his holdings in Pitney Bowes Inc. by 41.33%. His sale prices were between $31.31 and $36.6, with an estimated average price of $33.8. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 15,190 shares as of 09/30/2008.

Pitney Bowes Inc. operates in three reportable segments: Mailing and Integrated Logistics Office Solutions and Capital Services. The company operates in the United States and outside the U.S. Mailing and Integrated Logistics includes revenues from the rental of postage meters and the sale and financing of mailing equipment. Office Solutions includes revenues from the sale financing rental and service of reprographic and facsimile equipment. Capital Services provides large-ticket financing and fee-based programs covering a broad range of products and other financial services. Pitney Bowes Inc. has a market cap of $4.8 billion; its shares were traded at around $23.29 with a P/E ratio of 17.19 and P/S ratio of 0.78. The dividend yield of Pitney Bowes Inc. stocks is 5.65%.

Reduced: Nucor Corp. (NUE)

David Dreman reduced to his holdings in Nucor Corp. by 41.15%. His sale prices were between $44.36 and $64.63, with an estimated average price of $53. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 9,580 shares as of 09/30/2008.

Nucor Corporation manufactures and sells steel products. Principal steel products are hot-rolled steel (angles rounds flats channels sheet wide-flange beams pilings billets blooms and beam blanks) cold-rolled steel cold finished steel steel joists and joist girders steeldeck steel fasteners and steel grinding balls. Nucor is the largest recycler in the United States. Nucor and affiliates are manufacturers of steel products with operating facilities in fourteen states. Nucor Corp. has a market cap of $9.62 billion; its shares were traded at around $30.63 with a P/E ratio of 4.39 and P/S ratio of 0.45. The dividend yield of Nucor Corp. stocks is 3.16%.

Reduced: Norfolk Southern Corp. (NSC)

David Dreman reduced to his holdings in Norfolk Southern Corp. by 40.98%. His sale prices were between $58.34 and $73.16, with an estimated average price of $67.9. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 11,520 shares as of 09/30/2008.

Norfolk Southern Corp. a Virginia-based holding company owns two major freight railroads Norfolk Southern Railway Company and Norfolk Western Railway Company which operates in numerous states the District of Columbia and the Province of Ontario. (Company Press Release) Norfolk Southern Corp. has a market cap of $18.91 billion; its shares were traded at around $51.07 with a P/E ratio of 11.80 and P/S ratio of 1.91. The dividend yield of Norfolk Southern Corp. stocks is 2.14%.

Reduced: National Oilwell Varco Inc. (NOV)

David Dreman reduced to his holdings in National Oilwell Varco Inc. by 40.34%. His sale prices were between $54.57 and $85.12, with an estimated average price of $71.2. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 4,748 shares as of 09/30/2008.

National-Oilwell is a worldwide leader in the design manufacture and sale of machinery and equipment and in the distribution of maintenance repair and operating products used in oil and gas drilling and production. The Company's machinery and equipment include drawworks mud pumps and power swivels which are the major mechanical components of rigs used todrill oil and gas wells. Many of these components are designed specifically for applications in offshore extended reach and deep land drilling. National Oilwell Varco Inc. has a market cap of $10.33 billion; its shares were traded at around $24.75 with a P/E ratio of 5.46 and P/S ratio of 0.88.

Reduced: Sunoco Inc. (SUN)

David Dreman reduced to his holdings in Sunoco Inc. by 38.97%. His sale prices were between $34.09 and $47.38, with an estimated average price of $40.4. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 8,630 shares as of 09/30/2008.

Sunoco Inc. is principally a petroleum refiner and marketer with interests in cokemaking. Sunoco's petroleum refining and marketing operations include the manufacturing and marketing of a full rangeof petroleum products including fuels lubricants and petrochemicals and the transportation of crude oil and refined products. These operations areconducted principally in the eastern half of the United States. Sunoco'scokemaking operations are conducted in Virginia and Indiana. Sunoco Inc. has a market cap of $3.69 billion; its shares were traded at around $31.55 with a P/E ratio of 6.57 and P/S ratio of 0.07. The dividend yield of Sunoco Inc. stocks is 3.93%.

Reduced: Noble Corp. (NE)

David Dreman reduced to his holdings in Noble Corp. by 40.14%. His sale prices were between $44.9 and $61.51, with an estimated average price of $51.3. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 10,590 shares as of 09/30/2008.

Noble Corp. is a leading provider of diversified services for the oil and gas industry. Contract drilling services are performed with the company's fleet of offshore drilling units located in key marketsworldwide. The company's fleet of floating deepwater units consists of nine semisubmersibles and three dynamically positioned drillships seven of which are designed to operate in water depths greater than 5000 feet.(Press Release) Noble Corp. has a market cap of $6.84 billion; its shares were traded at around $25.92 with a P/E ratio of 4.67 and P/S ratio of 2.19. The dividend yield of Noble Corp. stocks is 0.5%.

Reduced: M&T Bank Corp. (MTB)

David Dreman reduced to his holdings in M&T Bank Corp. by 40.88%. His sale prices were between $67.41 and $93.5, with an estimated average price of $74.8. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 7,230 shares as of 09/30/2008.

M&T Bank Corp is a bank holding company. They have two primary bank subsidiaries: Manufacturers and Traders Trust Company and M&T Bank National Association. The banks collectively offer a wide range ofcommercial banking trust and investment services to their customers. From time to time M&T Bank considers acquiring banks thrift institutionsbranch offices or other businesses within markets currently served or in other nearby markets. M&T Bank Corp. has a market cap of $7.12 billion; its shares were traded at around $64.81 with a P/E ratio of 13.81 and P/S ratio of 3.12. The dividend yield of M&T Bank Corp. stocks is 3.45%.

Reduced: Alcoa Inc. (AA)

David Dreman reduced to his holdings in Alcoa Inc. by 41.03%. His sale prices were between $23.22 and $33.99, with an estimated average price of $30.3. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 15,810 shares as of 09/30/2008.

Alcoa Inc. is the world's leading producer and manager of primary aluminum fabricated aluminum and alumina facilities and is active in all major aspects of the industry. Alcoa serves the aerospace automotive packaging building and construction commercial transportation and industrial markets bringing design engineering production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components Alcoa also markets consumer brands including Reynolds Wrap foils and plastic wraps Alcoa wheels and Baco household wraps. Among its other businesses are closures fastening systems precision castings and electrical distribution systems for cars and trucks. Alcoa Inc. has a market cap of $8.14 billion; its shares were traded at around $10.17 with a P/E ratio of 4.81 and P/S ratio of 0.30. The dividend yield of Alcoa Inc. stocks is 5.91%.

Reduced: Tyco Electronics Ltd. (TEL)

David Dreman reduced to his holdings in Tyco Electronics Ltd. by 24.61%. His sale prices were between $27.19 and $36.12, with an estimated average price of $32.7. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 68,113 shares as of 09/30/2008.

Tyco Electronics Ltd. global provider of engineered electronic components for thousands of consumer and industrial products; network solutions and systems for telecommunications and energy markets; and wireless systems for critical communications radar and defense applications. They design manufacture and market products for customers in industries ranging from automotive appliance aerospace and defense to telecommunications computers and consumer electronics. Tyco Electronics Ltd. has a market cap of $6.07 billion; its shares were traded at around $13.1 with a P/E ratio of 3.57 and P/S ratio of 0.44. The dividend yield of Tyco Electronics Ltd. stocks is 3.29%.

Reduced: Terex Corp. (TEX)

David Dreman reduced to his holdings in Terex Corp. by 39.95%. His sale prices were between $33.18 and $51.23, with an estimated average price of $43.9. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 9,230 shares as of 09/30/2008.

Terex Corp. is a global manufacturer of a broad range of construction and mining related capital equipment. The company strives to manufacture high quality machines which are low cost simple to use and easy to maintain. The company's principal products include telescopic mobile cranes aerial work platforms utility aerial devices telescopic material handlers truck mounted mobile cranes rigid and articulated off-highway trucks and high capacity surface mining trucks and related components and replacement parts. Terex Corp. has a market cap of $1.09 billion; its shares were traded at around $11.5 with a P/E ratio of 1.76 and P/S ratio of 0.12.

Reduced: Marathon Oil Corp. (MRO)

David Dreman reduced to his holdings in Marathon Oil Corp. by 36.29%. His sale prices were between $40.83 and $50.97, with an estimated average price of $45. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 37,845 shares as of 09/30/2008.

Marathon Oil Corporation is an energy company engaged in the worldwide exploration production and transportation of crude oil and natural gas. The company refines markets and transports petroleum products in the United States through Marathon Ashland Petroleum LLC a joint venture company between Marathon and Ashland Inc. Marathon Oil Corp. has a market cap of $17.03 billion; its shares were traded at around $24.14 with a P/E ratio of 4.07 and P/S ratio of 0.25. The dividend yield of Marathon Oil Corp. stocks is 3.3%.

Reduced: Tesoro Corp. (TSO)

David Dreman reduced to his holdings in Tesoro Corp. by 38.5%. His sale prices were between $15.25 and $19.06, with an estimated average price of $17.6. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 12,890 shares as of 09/30/2008.

Tesoro was founded in 1968 as a company primarily engaged in petroleum exploration and production. In 1969 Tesoro began operating Alaska?s first refinery near Kenai. Today Tesoro is a FORTUNE 500 company and one of the largest independent petroleum refiners and marketers in the Western United States. Tesoro Corp. has a market cap of $1.27 billion; its shares were traded at around $9.2 with a P/E ratio of 9.10 and P/S ratio of 0.05. The dividend yield of Tesoro Corp. stocks is 4.14%.

Reduced: MetLife Inc. (MET)

David Dreman reduced to his holdings in MetLife Inc. by 40.33%. His sale prices were between $49.74 and $58.99, with an estimated average price of $52.6. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 9,660 shares as of 09/30/2008.

Metlife Inc. is a leading provider of insurance and financial services to a broad spectrum of individual and institutional customers. The company currently provides individual insurance annuities and investment products. The company also provides group insurance and retirement and savings products and services to corporations and other institutions. The company believes that their unparalleled franchises and brand names uniquely position them to be the preeminent provider of insurance and financial services in the U.S. MetLife Inc. has a market cap of $22.22 billion; its shares were traded at around $28 with a P/E ratio of 6.40 and P/S ratio of 0.44. The dividend yield of MetLife Inc. stocks is 2.23%.

Reduced: Transocean Inc. (RIG)

David Dreman reduced to his holdings in Transocean Inc. by 41.36%. His sale prices were between $121.83 and $145.02, with an estimated average price of $131.2. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 3,970 shares as of 09/30/2008.

Transocean Inc. provides offshore contract drilling services for oil and gas exploration development and production. The company's core business is to contract these drilling rigs related equipment and work crews primarily on a dayrate basis to drill offshore wells. It specializes in technically demanding segments of the offshore drilling business with a particular focus on deepwater and harsh environment drilling services. The company also provides additional services including international turnkey drilling and management of third-party well service activities. Transocean Inc. has a market cap of $21.6 billion; its shares were traded at around $67.66 with a P/E ratio of 4.62 and P/S ratio of 2.08.

Reduced: J.C. Penney Company Inc. (JCP)

David Dreman reduced to his holdings in J.C. Penney Company Inc. by 40.92%. His sale prices were between $29.99 and $41.14, with an estimated average price of $35.8. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 13,570 shares as of 09/30/2008.

JCPenney is one of America's leading retailers operating department stores throughout the United States and Puerto Rico as well as one of the largest apparel and home furnishing sites on the Internet jcp.com and the nation's largest general merchandise catalog business. Through these integrated channels JCPenney offers a wide array of national private and exclusive brands. J.C. Penney Company Inc. has a market cap of $4.12 billion; its shares were traded at around $18.57 with a P/E ratio of 4.46 and P/S ratio of 0.22. The dividend yield of J.C. Penney Company Inc. stocks is 3.34%.

Reduced: British American Tobacco PLC (BTI)

David Dreman reduced to his holdings in British American Tobacco PLC by 96.3%. His sale prices were between $65.18 and $72.9, with an estimated average price of $68.9. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 5,820 shares as of 09/30/2008.

British American Tobacco is the holding company of a group of companies which manufacture market and sell tobacco products. British American Tobacco PLC has a market cap of $49.96 billion; its shares were traded at around $51.65 with a P/E ratio of 13.72 and P/S ratio of 2.89. The dividend yield of British American Tobacco PLC stocks is 4.83%.

Reduced: Gannett Co. Inc. (GCI)

David Dreman reduced to his holdings in Gannett Co. Inc. by 35.35%. His sale prices were between $16.49 and $20.19, with an estimated average price of $17.9. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 18,760 shares as of 09/30/2008.

Gannett Co. Inc. is an international news and information company that publishes daily newspapers in the USA including USA TODAY the nation'slargest-selling daily newspaper. The company also owns in excess of 400 non-daily publications in the USA and USA WEEKEND a weekly newspaper magazine. Gannett subsidiary Newsquest is the United Kingdom's second largest regional newspaper company. Newsquest publishes more than 300 titles including 15 daily newspapers and a network of prize-winning Web sites. Gannett also operates 22 television stations in the United States. Gannett Co. Inc. has a market cap of $1.98 billion; its shares were traded at around $8.7 with P/S ratio of 0.32. The dividend yield of Gannett Co. Inc. stocks is 14.55%.

Reduced: Frontier Oil Corp. (FTO)

David Dreman reduced to his holdings in Frontier Oil Corp. by 40.72%. His sale prices were between $17.26 and $22.94, with an estimated average price of $19.6. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 14,120 shares as of 09/30/2008.

Frontier Oil Corporation is an independent energy company engaged in crude oil refining and the wholesale marketing of refined petroleum products. Their refineries are complex refineries which means that they can process heavier less expensive types of crude oil and still produce a high percentage of gasoline diesel fuel and other high margin refined products. Frontier Oil Corp. has a market cap of $1.18 billion; its shares were traded at around $11.32 with a P/E ratio of 5.33 and P/S ratio of 0.19. The dividend yield of Frontier Oil Corp. stocks is 1.82%.

Reduced: Forest Laboratories Inc. (FRX)

David Dreman reduced to his holdings in Forest Laboratories Inc. by 39.95%. His sale prices were between $28.44 and $38.71, with an estimated average price of $34.1. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 16,310 shares as of 09/30/2008.

Forest Laboratories Inc. and its subsidiaries develop manufacture and sell both branded and generic forms of ethical drug products which require a physician's prescription as well as non-prescription pharmaceuticalproducts sold over-the-counter. Forest's most important United Statesproducts consist of branded ethical drug specialties marketed directly or to physicians by the company's Forest Pharmaceuticals Forest Therapeutics and Forest Specialty Sales salesforces. Forest Laboratories Inc. has a market cap of $6.76 billion; its shares were traded at around $22.17 with a P/E ratio of 7.14 and P/S ratio of 1.83.

Reduced: Celanese Corp. Series A (CE)

David Dreman reduced to his holdings in Celanese Corp. Series A by 40.03%. His sale prices were between $30.18 and $44.97, with an estimated average price of $38.4. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 14,140 shares as of 09/30/2008.

Celanese is an integrated global producer of value-added industrial chemicals. They are the world's largest producer of acetyl products including acetic acid vinyl acetate monomer and polyacetals and a leading global producer of high-performance engineered polymers used in consumer and industrial products and designed to meet highly technical customer requirements. Their operations are located in North America Europe and Asia including substantial joint ventures in China. Celanese Corp. Series A has a market cap of $1.75 billion; its shares were traded at around $12.2 with a P/E ratio of 3.12 and P/S ratio of 0.27. The dividend yield of Celanese Corp. Series A stocks is 1.15%.

Reduced: Fifth Third Bancorp (FITB)

David Dreman reduced to his holdings in Fifth Third Bancorp by 39.97%. His sale prices were between $10.46 and $18.71, with an estimated average price of $14.6. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 23,610 shares as of 09/30/2008.

Fifth Third Bancorp is a registered financial holding company and a multi-bank holding company. They engage primarily in commercial retail and trust banking data processing services investment advisory services and leasing activities. In addition the company provides credit lifeaccident health and mortgage insurance discount brokerage services andproperty management for its properties. Fifth Third Bancorp has a market cap of $5.25 billion; its shares were traded at around $9.09 with a P/E ratio of 267.35 and P/S ratio of 1.56. The dividend yield of Fifth Third Bancorp stocks is 5.53%.

Reduced: CNA Financial Corp. (CNA)

David Dreman reduced to his holdings in CNA Financial Corp. by 39.75%. His sale prices were between $23.64 and $28.73, with an estimated average price of $26.4. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 18,050 shares as of 09/30/2008.

CNA Financial Corporation is an insurance holding company whose primary subsidiaries consist of property/casualty and life insurance companies. CNA's property/casualty insurance operations are conducted by Continental Casualty Company and The Continental Insurance Company. Life insurance operations are conducted by Continental Assurance Company. CNA Financial Corp. has a market cap of $3.51 billion; its shares were traded at around $13.05 with a P/E ratio of 17.54 and P/S ratio of 0.44.

Reduced: Capital One Financial Corp. (COF)

David Dreman reduced to his holdings in Capital One Financial Corp. by 36.87%. His sale prices were between $37.75 and $55.5, with an estimated average price of $43.7. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 16,255 shares as of 09/30/2008.

Capital One Financial is a holding company whose subsidiaries provide a variety of products and services to consumers using its proprietary information-based strategy. The corporation's principal subsidiary Capital One Bank offers credit card products. Capital One Services Inc. another subsidiary of the corporation provides various operating administrative and other services to the corporation and its subsidiaries. Capital One Financial Corp. has a market cap of $11.68 billion; its shares were traded at around $30.04 with a P/E ratio of 7.04 and P/S ratio of 1.20. The dividend yield of Capital One Financial Corp. stocks is 3.83%.

Reduced: ENSCO International Inc. (ESV)

David Dreman reduced to his holdings in ENSCO International Inc. by 39.86%. His sale prices were between $58.98 and $74.67, with an estimated average price of $66.9. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 10,020 shares as of 09/30/2008.

ENSCO International Incorporated is an international offshore contract drilling company that also provides marine transportation services in the Gulf of Mexico. The Company's complement of offshore drilling rigs includes jackup rigs nine barge rigs platform rigs and one semisubmersible rig currently under construction. The Company's operations are integral to the exploration development and production of oil and natural gas. ENSCO International Inc. has a market cap of $4.42 billion; its shares were traded at around $31.14 with a P/E ratio of 4.09 and P/S ratio of 1.97. The dividend yield of ENSCO International Inc. stocks is 0.26%.

Reduced: Embarq Corp. (EQ)

David Dreman reduced to his holdings in Embarq Corp. by 39.5%. His sale prices were between $42.87 and $48.58, with an estimated average price of $45.2. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 12,330 shares as of 09/30/2008.

Embarq Corp. provides a suite of communications services consisting of local and long distance voice and data services including high-speed Internet access to consumer business and wholesale customers. Embarq also provides wireless entertainment logistics and other communications-related services and equipment. Embarq Corp. has a market cap of $4.17 billion; its shares were traded at around $29.36 with a P/E ratio of 5.75 and P/S ratio of 0.67. The dividend yield of Embarq Corp. stocks is 9.17%.

Reduced: Computer Sciences Corp. (CSC)

David Dreman reduced to his holdings in Computer Sciences Corp. by 39.67%. His sale prices were between $42.21 and $48.47, with an estimated average price of $46.1. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 12,090 shares as of 09/30/2008.

Computer Sciences Corp. offers a broad array of professional services to clients in the global commercial and government markets and specializes in the application of advanced and complex I/T to achieve its customers' strategic objectives. Its service offerings include outsourcing systems integration and I/T and management consulting and other professional services including e-business solutions. Computer Sciences Corp. has a market cap of $4.23 billion; its shares were traded at around $27.97 with a P/E ratio of 8.24 and P/S ratio of 0.26.

Reduced: The Dow Chemical Company (DOW)

David Dreman reduced to his holdings in The Dow Chemical Company by 33.12%. His sale prices were between $31.32 and $37.11, with an estimated average price of $33.8. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 20,050 shares as of 09/30/2008.

Dow Chemical Company is a science and technology company that provides innovative chemical plastic and agricultural products and services to many essential consumer markets. Dow serves customers in countries across the globe and a wide range of markets that are vital to human progress including food transportation health and medicine personal and home care and building and construction among others. Committed to the principles of sustainable development Dow seeks to balance economic environmental and social responsibilities. (Company Press Release) The Dow Chemical Company has a market cap of $19.62 billion; its shares were traded at around $21.24 with a P/E ratio of 7.72 and P/S ratio of 0.35. The dividend yield of The Dow Chemical Company stocks is 6.3%.

Reduced: Consolidated Edison Inc. (ED)

David Dreman reduced to his holdings in Consolidated Edison Inc. by 39.68%. His sale prices were between $37.11 and $43.7, with an estimated average price of $39.9. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 12,390 shares as of 09/30/2008.

Consolidated Edison Inc. is one of the nation's largest investor-owned energy companies. The company provides a wide range of energy- related products and services to its customers through regulated utility subsidiaries and competitive energy and telecommunications businesses. Consolidated Edison Inc. has a market cap of $10.44 billion; its shares were traded at around $38.2 with a P/E ratio of 7.58 and P/S ratio of 0.78. The dividend yield of Consolidated Edison Inc. stocks is 5.4%.

Reduced: Duke Energy Corp. (DUK)

David Dreman reduced to his holdings in Duke Energy Corp. by 41.18%. His sale prices were between $16.89 and $18.3, with an estimated average price of $17.5. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 28,850 shares as of 09/30/2008.

Duke Energy Corporation is an integrated energy and energy services provider with the ability to offer physical delivery and management of both electricity and natural gas throughout the U.S. and abroad. Duke Energy provides these and other services through seven business segments: Electric Operations; Natural Gas Transmission; Field Services; Trading and Marketing; Global Asset Development; Other Energy Services; Real Estate Operations. Duke Energy Corp. has a market cap of $19.35 billion; its shares were traded at around $15.3 with a P/E ratio of 15.22 and P/S ratio of 1.54. The dividend yield of Duke Energy Corp. stocks is 5.62%.

Reduced: Gramercy Capital Corp. (GKK)

David Dreman reduced to his holdings in Gramercy Capital Corp. by 65.67%. His sale prices were between $3.68 and $10.87, with an estimated average price of $7. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 87,760 shares as of 09/30/2008.

Gramercy Capital Corp. is a commercial real estate specialty finance company focused on originating and acquiring whole loans subordinate interests in whole loans mezzanine loans and preferred equity interests in entities that own commercial real estate throughout the United States. Gramercy Capital Corp. has a market cap of $72.36 million; its shares were traded at around $1.41 with a P/E ratio of 0.95 and P/S ratio of 0.30.

Reduced: AutoZone Inc. (AZO)

David Dreman reduced to his holdings in AutoZone Inc. by 40.96%. His sale prices were between $117.68 and $138.59, with an estimated average price of $131.6. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 4,900 shares as of 09/30/2008.

Autozone is the nation's leading specialty retailer of automotive parts and accessories primarily focusing on do-it-yourself customers. Each of the company's auto parts store carries an extensive product line for cars vans and light trucks including new and re-manufactured automotive hard parts maintenance items and accessories. Many of the company's domestic auto parts stores also has a commercial sales program which provides commercial credit and prompt delivery of parts and other products to local repair garages dealers and service stations. AutoZone Inc. has a market cap of $5.98 billion; its shares were traded at around $103.22 with a P/E ratio of 10.28 and P/S ratio of 0.99.

Reduced: EnCana Corp. (ECA)

David Dreman reduced to his holdings in EnCana Corp. by 42.93%. His sale prices were between $65.83 and $88.36, with an estimated average price of $72.9. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 8,460 shares as of 09/30/2008.

EnCana Corporation is one of the world's largest independent natural gas producers and gas storage operators. EnCana Corp. has a market cap of $32.37 billion; its shares were traded at around $43.14 with a P/E ratio of 5.46 and P/S ratio of 1.17. The dividend yield of EnCana Corp. stocks is 3.14%.

Reduced: ACE Ltd. (ACE)

David Dreman reduced to his holdings in ACE Ltd. by 40.3%. His sale prices were between $47.63 and $65.62, with an estimated average price of $52.8. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 9,660 shares as of 09/30/2008.

ACE LTD. provides excess liability insurance for bodily injury property damage & wrongful advertising. ACE offers excess liability insurance for corporate directors and officers against wrongful acts and claims and satellite insurance for launch and in-orbit operations. ACE Ltd. has a market cap of $16.55 billion; its shares were traded at around $49.63 with a P/E ratio of 9.63 and P/S ratio of 1.23. The dividend yield of ACE Ltd. stocks is 1.81%.

Reduced: American International Group Inc. (AIG)

David Dreman reduced to his holdings in American International Group Inc. by 39.68%. His sale prices were between $3.15 and $26.97, with an estimated average price of $19.8. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 10,320 shares as of 09/30/2008.

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 $5.46 billion; its shares were traded at around $2.03 with P/S ratio of 0.07.

Reduced: Hercules Inc. (HPC)

David Dreman reduced to his holdings in Hercules Inc. by 99.01%. His sale prices were between $16.12 and $21.55, with an estimated average price of $20.4. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 15,900 shares as of 09/30/2008.

Hercules Incorporated manufactures chemical specialties used in a varietyof home office and industrial products. The company is focused on sustaining long-term growth in shareholder value driven by new product development continuous improvement in manufacturing costs and responsive customer service. Its principal products are performance and process paper chemicals water treatment chemicals water-soluble polymers food ingredients resins and polypropylene and polyethylene fibers. Hercules Inc. has a market cap of $2.16 billion; its shares were traded at around $19.21 with a P/E ratio of 15.34 and P/S ratio of 0.94. The dividend yield of Hercules Inc. stocks is 1.19%.

Reduced: HarleyDavidson Inc. (HOG)

David Dreman reduced to his holdings in HarleyDavidson Inc. by 39.84%. His sale prices were between $33.06 and $42.45, with an estimated average price of $38.7. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 12,730 shares as of 09/30/2008.

Harley-Davidson is an American motorcycle manufacturer. The company operates in two segments: Motorcycles and Related Products and Financial Services. The Motorcycles segment designs manufactures and sells heavyweight touring custom and performance motorcycles as well as a complete line of motorcycle parts accessories and general merchandise. The Financial Services is engaged in the business of financing and servicing wholesale inventory receivables and consumer retail installment sales contracts (primarily motorcycles). HarleyDavidson Inc. has a market cap of $4.09 billion; its shares were traded at around $17.55 with a P/E ratio of 5.44 and P/S ratio of 0.74. The dividend yield of HarleyDavidson Inc. stocks is 5.39%.

Reduced: Assurant Inc. (AIZ)

David Dreman reduced to his holdings in Assurant Inc. by 39.84%. His sale prices were between $53.42 and $68.52, with an estimated average price of $60.3. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 8,820 shares as of 09/30/2008.

Assurant Inc is a premier provider of specialized insurance products and related services in North America and selected other international markets. The four key businesses Assurant Employee Benefits; Assurant Health; Assurant Solutions; and Assurant Specialty Property have partnered with clients who are leaders in their industries and have built leadership positions in a number of specialty insurance market segments in the U.S. and selected international markets. The Assurant business units provide creditor placed homeowners insurance; manufactured housing homeowners insurance; debt protection administration; credit-related insurance; warranties and extended service contracts; individual health and small employer group health insurance; group dental insurance; group disability insurance; group life insurance; and pre-funded funeral insurance. Assurant Inc. has a market cap of $2.37 billion; its shares were traded at around $20.15 with a P/E ratio of 6.22 and P/S ratio of 0.30. The dividend yield of Assurant Inc. stocks is 2.2%.

Reduced: Allegheny Technologies Inc. (ATI)

David Dreman reduced to his holdings in Allegheny Technologies Inc. by 39.53%. His sale prices were between $32.87 and $53.8, with an estimated average price of $46.6. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 6,975 shares as of 09/30/2008.

Allegheny Technologies Incorporated is one of the largest and most diversified producers of specialty materials in the world. The company's talented people use innovative technologies to offer growing global markets a wide range of specialty materials including stainless steel nickel-based and cobalt-based alloys and superalloys titanium and titanium alloys specialty steel alloys zirconium and related alloys and tungsten-based specialty materials. The goal is to be the low cost high quality supplier to global markets. (PRESS RELEASE) Allegheny Technologies Inc. has a market cap of $1.97 billion; its shares were traded at around $20.49 with a P/E ratio of 3.44 and P/S ratio of 0.41. The dividend yield of Allegheny Technologies Inc. stocks is 2.71%.

Reduced: American Capital Strategies Ltd. (ACAS)

David Dreman reduced to his holdings in American Capital Strategies Ltd. by 40.06%. His sale prices were between $19.44 and $25.23, with an estimated average price of $21.3. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 17,970 shares as of 09/30/2008.

AMERICAN CAPITAL STRATEGIES LTD. is the only private equity fund and the largest alternative asset management company in the S&P 500. American Capital both directly and through its global asset management business is an investor in management and employee buyouts private equity buyouts and early stage and mature private and public companies. American Capital provides senior debt mezzanine debt and equity to fund growth acquisitions recapitalizations and securitizations. American Capital and its affiliates invest chiefly in companies located in North America and Europe. As a publicly traded company they offer shareholders an opportunity to invest in privately held middle market companies through ownership of their stock. American Capital Strategies Ltd. has a market cap of $1.25 billion; its shares were traded at around $6.03 with P/S ratio of 1.15. The dividend yield of American Capital Strategies Ltd. stocks is 29.89%.

Reduced: Great Plains Energy Inc. (GXP)

David Dreman reduced to his holdings in Great Plains Energy Inc. by 89.82%. His sale prices were between $22.45 and $25.38, with an estimated average price of $23.8. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 15,500 shares as of 09/30/2008.

Great Plains Energy Incorporated engages in the generation transmission distribution and sale of electricity to customers located in all or portions of numerous counties in western Missouri and eastern Kansas. Customers include residences commercial firms and industrials municipalities and other electric utilities. Great Plains Energy Inc. has a market cap of $2.08 billion; its shares were traded at around $17.49 with a P/E ratio of 8.38 and P/S ratio of 0.61. The dividend yield of Great Plains Energy Inc. stocks is 8.54%.

Reduced: Hess Corp. (HES)

David Dreman reduced to his holdings in Hess Corp. by 41.15%. His sale prices were between $89.53 and $119.4, with an estimated average price of $99.5. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 5,720 shares as of 09/30/2008.

Hess Corporation is a global integrated energy company engaged in the exploration for and the production purchase transportation and sale of crude oil and natural gas as well as the production and sale of refined petroleum products electricity. Hess Corp. has a market cap of $16.54 billion; its shares were traded at around $50.72 with a P/E ratio of 5.59 and P/S ratio of 0.43. The dividend yield of Hess Corp. stocks is 0.66%.

Reduced: The Home Depot Inc. (HD)

David Dreman reduced to his holdings in The Home Depot Inc. by 40.16%. His sale prices were between $21.4 and $28.8, with an estimated average price of $25.6. The impact to his portfolio due to this sale was less than 0.01%. David Dreman still held 22,110 shares as of 09/30/2008.

Home Depot is the one of world's largest home improvement retailer. The company offers a level of service unprecedented among warehouse-style retailers. Home Depot stores cater to do-it-yourselfers as well as home improvement construction and building maintenance professionals. The Home Depot currently operates in the USA Canada Chile Puerto Rico and Argentina. The company also operates EXPO Design Centers across the U.S. and Villager's Hardware in New Jersey. The Home Depot Inc. has a market cap of $33.63 billion; its shares were traded at around $19.8 with a P/E ratio of 10.22 and P/S ratio of 0.46. The dividend yield of The Home Depot Inc. stocks is 3.82%.

Reduced: Progress Energy Inc. (PGN)

David Dreman reduced to his holdings in Progress Energy Inc. by 26.7%. His sale prices were between $40.23 and $44, with an estimated average price of $42.2. The impact to his portfolio due to this sale was -0.01%. David Dreman still held 92,800 shares as of 09/30/2008.

CP & L Energy Inc. is primarily engaged in the generation transmissiondistribution and sale of electricity in portions of North and South Carolina and Florida and the transmission distribution and sale of natural gas in portions of North Carolina. The company provides these and other services through its business segments: electric natural gas and other. Progress Energy Inc. has a market cap of $9.87 billion; its shares were traded at around $37.53 with a P/E ratio of 11.80 and P/S ratio of 1.10. The dividend yield of Progress Energy Inc. stocks is 6.25%.

Reduced: Worthington Industries Inc. (WOR)

David Dreman reduced to his holdings in Worthington Industries Inc. by 74.83%. His sale prices were between $16.29 and $19.52, with an estimated average price of $17.6. The impact to his portfolio due to this sale was -0.01%. David Dreman still held 58,700 shares as of 09/30/2008.

Worthington Industries is one of the leading diversified metal processing companies. The company is one of North America's premier value-added steel processors and one of the leaders in manufactured metal products such as automotive aftermarket stampings pressure cylinders metal framing metal ceiling grid systems and laser welded blanks. (Company Press Release) Worthington Industries Inc. has a market cap of $806.35 million; its shares were traded at around $10.23 with a P/E ratio of 5.30 and P/S ratio of 0.27. The dividend yield of Worthington Industries Inc. stocks is 5.63%.

Reduced: Ashford Hospitality Trust Inc. (AHT)

David Dreman reduced to his holdings in Ashford Hospitality Trust Inc. by 88.13%. His sale prices were between $3.32 and $4.31, with an estimated average price of $4. The impact to his portfolio due to this sale was -0.01%. David Dreman still held 233,270 shares as of 09/30/2008.

Ashford Hospitality Trust Inc is a self advised Maryland corporation and real estate investment trust organized to pursue opportunities in the lodging industry. Initial assets consist of six hotels comprised of four Embassy Suites and two Radisson properties as well as eight asset management and consulting agreements. Ashford Hospitality Trust Inc. has a market cap of $203.45 million; its shares were traded at around $1.85 with P/S ratio of 0.19. The dividend yield of Ashford Hospitality Trust Inc. stocks is 51.85%.

Reduced: Deluxe Corp. (DLX)

David Dreman reduced to his holdings in Deluxe Corp. by 42.32%. His sale prices were between $14.15 and $18.48, with an estimated average price of $16.3. The impact to his portfolio due to this sale was -0.01%. David Dreman still held 242,900 shares as of 09/30/2008.

Deluxe Corporation through its industry-leading businesses and brands helps financial institutions and small businesses better manage promote and grow their businesses. The Company uses direct marketing distributors and a North American sales force to provide a wide range of customized products and services: personalized printed items checks forms business cards stationery greeting cards labels and retail/packaging supplies promotional products and merchandising materials fraud prevention services and customer retention programs. The Company also sells personalized checks and accessories directly to consumers. Deluxe Corp. has a market cap of $555.33 million; its shares were traded at around $10.86 with a P/E ratio of 4.93 and P/S ratio of 0.40. The dividend yield of Deluxe Corp. stocks is 8.22%.

Reduced: Sierra Pacific Resources (SRP)

David Dreman reduced to his holdings in Sierra Pacific Resources by 59.82%. His sale prices were between $9.77 and $12.32, with an estimated average price of $11.1. The impact to his portfolio due to this sale was -0.01%. David Dreman still held 181,250 shares as of 09/30/2008.

Sierra Pacific Resources the holding company for Sierra Pacific Power Company provide electricity to more than 286000 customers in the area of northern Nevada and northeastern California including world-famous Reno and Lake Tahoe. The company also provide natural gas and water service to customers in the greater Reno metropolitan area. Other operating subsidiaries of the company include the Tuscarora Gas Pipeline Company Lands of Sierra Sierra Energy Company eothree and Sierra Water Development Company. Sierra Pacific Resources has a market cap of $2.06 billion; its shares were traded at around $8.78 with a P/E ratio of 9.49 and P/S ratio of 0.60. The dividend yield of Sierra Pacific Resources stocks is 3.86%.

Reduced: CMS Energy Corp. (CMS)

David Dreman reduced to his holdings in CMS Energy Corp. by 77.66%. His sale prices were between $12.79 and $14.04, with an estimated average price of $13.3. The impact to his portfolio due to this sale was -0.01%. David Dreman still held 51,650 shares as of 09/30/2008.

CMS Energy Corporation is a diversified energy company operating in the United States and around the world. The company's two principal subsidiaries are Consumers Energy Company and CMS Enterprises Company. Consumers Energy Company is a public utility that provides natural gas or electricity to residents in Michigan's lower peninsula. CMS Enterprises Company through subsidiaries is engaged in several domestic and international diversified energy businesses. CMS Energy Corp. has a market cap of $2.18 billion; its shares were traded at around $9.62 with a P/E ratio of 22.22 and P/S ratio of 0.34. The dividend yield of CMS Energy Corp. stocks is 3.51%.

Reduced: Covidien Ltd. (COV)

David Dreman reduced to his holdings in Covidien Ltd. by 25.47%. His sale prices were between $47.58 and $56.06, with an estimated average price of $52. The impact to his portfolio due to this sale was -0.01%. David Dreman still held 94,201 shares as of 09/30/2008.

Covidien is a leading global healthcare products company that creates innovative medical solutions for better patient outcomes and delivers value through clinical leadership and excellence. Covidien manufactures distributes and services a diverse range of industry-leading product lines including Surgical Devices Energy-Based Devices Respiratory and Monitoring Solutions Patient Care and Safety Products Imaging Solutions Pharmaceutical Products Medical Supplies and Retail Products. Covidien Ltd. has a market cap of $19.14 billion; its shares were traded at around $38.14 with a P/E ratio of 19.43 and P/S ratio of 2.09. The dividend yield of Covidien Ltd. stocks is 1.45%.

Reduced: Conn's Inc. (CONN)

David Dreman reduced to his holdings in Conn's Inc. by 41.8%. His sale prices were between $14.35 and $23.1, with an estimated average price of $17.9. The impact to his portfolio due to this sale was -0.01%. David Dreman still held 197,197 shares as of 09/30/2008.

Conns Inc is a specialty retailer currently operating retail locations in Texas and Louisiana. It sells major home appliances including refrigerators freezers washers dryers and ranges and a variety of consumer electronics including projection plasma and LCD televisions camcorders VCRs DVD players and home theater products. They also sell home office equipment lawn and garden products and bedding and continue to introduce additional product categories for the home to help increase same store sales and to respond to their customers' product needs. Conn's Inc. has a market cap of $186.45 million; its shares were traded at around $8.32 with a P/E ratio of 5.03 and P/S ratio of 0.25.

Reduced: Chicago Bridge & Iron Company N.V. (CBI)

David Dreman reduced to his holdings in Chicago Bridge & Iron Company N.V. by 72.42%. His sale prices were between $20.68 and $38.28, with an estimated average price of $31. The impact to his portfolio due to this sale was -0.01%. David Dreman still held 57,950 shares as of 09/30/2008.

Chicago Bridge & Iron Company N.V. designs builds repairs and modifies steel tanks and other steel plate structures and associated systems. The Company designs and builds petroleum terminals refinery pressure vessels low temperature and cryogenic storage facilities and elevated water storage tanks for clients internationally. Chicago Bridge & Iron Company N.V. has a market cap of $750.74 million; its shares were traded at around $7.88 with P/S ratio of 0.15. The dividend yield of Chicago Bridge & Iron Company N.V. stocks is 1.29%.

Reduced: Uranium Resources Inc. (URRE.OB)

David Dreman reduced to his holdings in Uranium Resources Inc. by 28.21%. His sale prices were between $1.87 and $2.89, with an estimated average price of $2.5. The impact to his portfolio due to this sale was -0.01%. David Dreman still held 1,785,507 shares as of 09/30/2008.

Uranium Resources Inc. has a market cap of $ million; its shares were traded at around $12.64 .

Reduced: Texas Industries Inc. (TXI)

David Dreman reduced to his holdings in Texas Industries Inc. by 65.87%. His sale prices were between $45.92 and $53.79, with an estimated average price of $50.6. The impact to his portfolio due to this sale was -0.01%. David Dreman still held 47,050 shares as of 09/30/2008.

Texas Industries Inc. is a leading supplier of construction materials through two business segments: cement aggregate and concrete products; and structural steel and specialty bar products. Through the CAC segment TXI produces and sells cement stone sand and gravel expanded shale and clay aggregate and concrete products. Through its Steel segment TXI produces and sells structural steelpiling products specialty bar products merchant bar-quality roundsreinforcing bar and channels. Texas Industries Inc. has a market cap of $693.41 million; its shares were traded at around $25.18 with a P/E ratio of 8.75 and P/S ratio of 0.74. The dividend yield of Texas Industries Inc. stocks is 0.95%.

Reduced: TECO Energy Inc. (TE)

David Dreman reduced to his holdings in TECO Energy Inc. by 61.58%. His sale prices were between $16.17 and $20.33, with an estimated average price of $17.9. The impact to his portfolio due to this sale was -0.01%. David Dreman still held 137,250 shares as of 09/30/2008.

TECO Energy Inc. is a diversified energy-related holding company. Its principal businesses are Tampa Electric Peoples Gas Florida's largest natural gas distributor; TECO Power Services an independent power company; TECO Transport a river and ocean transportation company; TECO Coal producer of coal and synthetic fuel; and TECO Solutions an energy services/engineering company. (Company Press Release) TECO Energy Inc. has a market cap of $2.43 billion; its shares were traded at around $11.42 with a P/E ratio of 7.68 and P/S ratio of 0.73. The dividend yield of TECO Energy Inc. stocks is 6.93%.

Reduced: Headwaters Inc. (HW)

David Dreman reduced to his holdings in Headwaters Inc. by 69.01%. His sale prices were between $9.64 and $16.23, with an estimated average price of $13.6. The impact to his portfolio due to this sale was -0.01%. David Dreman still held 122,850 shares as of 09/30/2008.

Headwaters Incorporated is a world leader in creating value through innovative advancements in the utilization of natural resources. Headwaters is a diversified growth company providing products technologies and services to the energy construction and home improvement industries. Through its alternative energy coal combustion products and building materials businesses the Company earns a growing revenue stream that provides the capital needed to expand and acquire synergistic new business opportunities. Headwaters Inc. has a market cap of $281.86 million; its shares were traded at around $6.83 with P/S ratio of 0.31.

Reduced: American Ecology Corp. (ECOL)

David Dreman reduced to his holdings in American Ecology Corp. by 91.39%. His sale prices were between $27.6 and $32.56, with an estimated average price of $30.2. The impact to his portfolio due to this sale was -0.01%. David Dreman still held 34,855 shares as of 09/30/2008.

American Ecology Corporation through its subsidiaries provide radioactive and hazardous materials management services to commercial and government entities such as nuclear power plants medical and academic institutions and petro-chemical facilities. Headquartered in Boise Idaho the Company is one of the nation's oldest radioactive and hazardous chemical waste companies. The Company currently operates in multiple states. American Ecology Corp. has a market cap of $308.89 million; its shares were traded at around $16.88 with a P/E ratio of 14.63 and P/S ratio of 1.79. The dividend yield of American Ecology Corp. stocks is 4.1%.

Reduced: OM Group Inc. (OMG)

David Dreman reduced to his holdings in OM Group Inc. by 87.2%. His sale prices were between $24.74 and $37.1, with an estimated average price of $31.5. The impact to his portfolio due to this sale was -0.01%. David Dreman still held 55,580 shares as of 09/30/2008.

OM Group Inc. is a leading international producer and marketer ofvalue-added metal-based specialty chemicals and powders. The company supplies numerous different product offerings -- principally categorized as metal carboxylates inorganic metal salts and metal powders for diverse applications to more a range of different industries. Typically their products represent a small portion of the customer's total cost of manufacturing or processing but are critical to the customer's product performance. OM Group Inc. has a market cap of $481.12 million; its shares were traded at around $15.79 with a P/E ratio of 2.22 and P/S ratio of 0.33.

Reduced: The Empire District Electric Company (EDE)

David Dreman reduced to his holdings in The Empire District Electric Company by 58.66%. His sale prices were between $18.14 and $22.97, with an estimated average price of $20.6. The impact to his portfolio due to this sale was -0.01%. David Dreman still held 108,028 shares as of 09/30/2008.

The Empire District Electric Company is an operating public utility engagedin the generation purchase transmission distribution and sale ofelectricity in parts of Missouri Kansas Oklahoma and Arkansas. TheCompany also provides water service to several towns in Missouri. The Empire District Electric Company has a market cap of $607.61 million; its shares were traded at around $17.93 with a P/E ratio of 18.77 and P/S ratio of 1.23. The dividend yield of The Empire District Electric Company stocks is 6.66%.

Reduced: Callaway Golf Company (ELY)

David Dreman reduced to his holdings in Callaway Golf Company by 55.91%. His sale prices were between $11.01 and $15.22, with an estimated average price of $13.4. The impact to his portfolio due to this sale was -0.02%. David Dreman still held 278,400 shares as of 09/30/2008.

Callaway Golf Company is designs develops manufactures and markets high quality innovative golf clubs. The Company's golf clubs are sold at premium prices to both average and skilled golfers on the basis of performance ease of use and appearance. Callaway Golf Company has a market cap of $592.20 million; its shares were traded at around $9.17 with a P/E ratio of 11.07 and P/S ratio of 0.57. The dividend yield of Callaway Golf Company stocks is 2.68%.

Reduced: Administaff Inc. (ASF)

David Dreman reduced to his holdings in Administaff Inc. by 37.1%. His sale prices were between $25.9 and $29.38, with an estimated average price of $27.7. The impact to his portfolio due to this sale was -0.02%. David Dreman still held 223,150 shares as of 09/30/2008.

Administaff is a leading personnel management company that serves as a full-service human resources department for small and medium-sized businesses throughout the United States. Administaff Inc. has a market cap of $410.25 million; its shares were traded at around $16.19 with a P/E ratio of 8.52 and P/S ratio of 0.26. The dividend yield of Administaff Inc. stocks is 2.6%.

Reduced: Hormel Foods Corp. (HRL)

David Dreman reduced to his holdings in Hormel Foods Corp. by 28.81%. His sale prices were between $34.36 and $37.06, with an estimated average price of $35.6. The impact to his portfolio due to this sale was -0.02%. David Dreman still held 167,150 shares as of 09/30/2008.

Hormel Foods Corporation is a multinational manufacturer and marketer of consumer-branded meat and food products many of which are among the best known and trusted in the food industry. Products manufactured by the corporation include hams bacon sausages franks canned luncheon meats stews chilies hash meat spreads shelf-stable microwaveable entrees salsas and frozen processed foods. These selections are sold to retail foodservice and wholesale operations under many well-established trademarks some include BLACK LABEL CHI-CHI'S DINTY MOORE & HORMEL. Hormel Foods Corp. has a market cap of $3.56 billion; its shares were traded at around $26.42 with a P/E ratio of 11.40 and P/S ratio of 0.55. The dividend yield of Hormel Foods Corp. stocks is 2.62%.

Reduced: Helix Energy Solutions Group Inc. (HLX)

David Dreman reduced to his holdings in Helix Energy Solutions Group Inc. by 50.89%. His sale prices were between $25.85 and $38.39, with an estimated average price of $31.4. The impact to his portfolio due to this sale was -0.02%. David Dreman still held 153,650 shares as of 09/30/2008.

Helix Energy Solutions Group Inc. is a leading marine contractor and operator of offshore oil and gas properties and production facilities. The company seeks to align the interests of the producer and the contractor by investing in mature offshore oil and gas properties hub production facilities and proven undeveloped reserve plays where Helix Energy Solutions Group adds value by deploying vessels from its diverse contracting fleet. This unique integration of marine contracting and oil and gas operations is designed to add stability to revenues and earnings in an industry as cyclical as energy. Helix Energy Solutions Group Inc. has a market cap of $754.08 million; its shares were traded at around $8.21 with a P/E ratio of 2.24 and P/S ratio of 0.42.

Reduced: Thomas & Betts Corp. (TNB)

David Dreman reduced to his holdings in Thomas & Betts Corp. by 54.98%. His sale prices were between $34.05 and $47.51, with an estimated average price of $41.8. The impact to his portfolio due to this sale was -0.02%. David Dreman still held 73,050 shares as of 09/30/2008.

Thomas & Betts Corporation is a leading manufacturer of connectors and components for worldwide electrical and electronics markets. Thomas & Betts operates manufacturing distribution and office facilities around the globe. The company designs manufactures and sells components used inassembling maintaining and repairing electrical electronic andcommunications systems. Thomas & Betts Corp. has a market cap of $1.13 billion; its shares were traded at around $20.17 with a P/E ratio of 3.94 and P/S ratio of 0.50.

Reduced: RPC Inc. (RES)

David Dreman reduced to his holdings in RPC Inc. by 39.82%. His sale prices were between $14.99 and $18.12, with an estimated average price of $16.8. The impact to his portfolio due to this sale was -0.02%. David Dreman still held 488,500 shares as of 09/30/2008.

RPCInc. has two major business segments: boat manufacturing and oil and gas services. Chaparral Boats Inc. a wholly owned subsidiary of RPCsells four lines of powerboats to a nationwide network of independent dealers. The oil and gas services segment provides a variety of servicesequipment and personnel to the oil and gas industry. RPC Inc. has a market cap of $824.16 million; its shares were traded at around $8.4 with a P/E ratio of 9.91 and P/S ratio of 1.07. The dividend yield of RPC Inc. stocks is 2.27%.

Reduced: Granite Construction Inc. (GVA)

David Dreman reduced to his holdings in Granite Construction Inc. by 45.31%. His sale prices were between $30.89 and $40.98, with an estimated average price of $35.7. The impact to his portfolio due to this sale was -0.03%. David Dreman still held 171,850 shares as of 09/30/2008.

Granite Construction Inc. is a diversified heavy civil constractor and construction materials producer. The Company concentrates on ifrastructure projects including roads bridges dams tunnels canals and rapid transit facilities. The Company also manufactures asphalt concrete base rock and other construction materials. The Company has offices in Arizona Nevada Utah Texas Georgia and California. Granite Construction Inc. has a market cap of $1.16 billion; its shares were traded at around $30.43 with a P/E ratio of 10.97 and P/S ratio of 0.46. The dividend yield of Granite Construction Inc. stocks is 1.46%.

Reduced: Allied World Assurance Company Holdings (AWH)

David Dreman reduced to his holdings in Allied World Assurance Company Holdings by 44.67%. His sale prices were between $36.19 and $41.51, with an estimated average price of $38. The impact to his portfolio due to this sale was -0.03%. David Dreman still held 181,945 shares as of 09/30/2008.

Allied World Assurance Company Holdings Ltd is one of Bermuda's leading property and casualty insurers. The company through its operating subsidiaries offers property and casualty insurance and reinsurance on a worldwide basis. The principal operating subsidiaries of Allied World Assurance Company Holdings Ltd have A Excellent ratings from A.M. Best Company and A- ratings from Standard and Poor's. Allied World Assurance Company Holdings has a market cap of $1.45 billion; its shares were traded at around $29.58 with a P/E ratio of 5.51 and P/S ratio of 1.23. The dividend yield of Allied World Assurance Company Holdings stocks is 2.25%.

Reduced: CACI International Inc (CAI)

David Dreman reduced to his holdings in CACI International Inc by 74.53%. His sale prices were between $43.01 and $51.06, with an estimated average price of $47.8. The impact to his portfolio due to this sale was -0.03%. David Dreman still held 91,450 shares as of 09/30/2008.

CACI International Inc provides the IT and network solutions needed to prevail in today's new era of defense intelligence and e-government. From systems integration and managed network solutions to knowledge management engineering simulation and information assurance we deliver the IT applications and infrastructures our federal customers use to improve communications and collaboration secure the integrity of information systems and networks enhance data collection and analysis and increase efficiency and mission effectiveness. Company's solutions lead the transformation of defense and intelligence assure homeland security enhance decision-making and help government to work smarter faster and more responsively. CACI International Inc has a market cap of $1.23 billion; its shares were traded at around $40.86 with a P/E ratio of 14.55 and P/S ratio of 0.50.

Reduced: Gardner Denver Inc. (GDI)

David Dreman reduced to his holdings in Gardner Denver Inc. by 32.36%. His sale prices were between $36.45 and $54.11, with an estimated average price of $45.4. The impact to his portfolio due to this sale was -0.03%. David Dreman still held 270,100 shares as of 09/30/2008.

Gardner Denver Inc. formerly known as Gardner Denver Machinery Inc. is one of the leading manufacturers of stationary air compressors and blowers for industrial applications. Stationary air compressors are used in manufacturing process applications and materials handling and to power air tools and equipment. Blowers are used primarily in the pneumatic conveying wastewater aeration and vacuum systems. They are also one of the leading manufacturers of petroleum pumps used in oil and natural gas drilling and production well servicing and well stimulation. Gardner Denver Inc. has a market cap of $1.13 billion; its shares were traded at around $21.88 with a P/E ratio of 5.91 and P/S ratio of 0.62.

Reduced: Black Box Corp. (BBOX)

David Dreman reduced to his holdings in Black Box Corp. by 20.77%. His sale prices were between $27.27 and $39.47, with an estimated average price of $33.1. The impact to his portfolio due to this sale was -0.03%. David Dreman still held 465,900 shares as of 09/30/2008.

Black Box Corporation is a leading worldwide provider of technicalnetwork services and related products to businesses of all sizes. Black Box differentiates itself from its competitors through unparalleled levels of technical support and its private label brand BLACK BOX(R). The Black Box brand has earned a reputation for high quality and reliability since the BBOX was founded. Black Box Corp. has a market cap of $444.99 million; its shares were traded at around $25.38 with a P/E ratio of 9.52 and P/S ratio of 0.46. The dividend yield of Black Box Corp. stocks is 0.79%.

Reduced: Kinetic Concepts Inc. (KCI)

David Dreman reduced to his holdings in Kinetic Concepts Inc. by 63.83%. His sale prices were between $30.62 and $39.89, with an estimated average price of $35.5. The impact to his portfolio due to this sale was -0.03%. David Dreman still held 176,750 shares as of 09/30/2008.

Kinetic Concepts Inc. is a global medical technology company with leadership positions in advanced wound care and therapeutic surfaces. Kinetic Concepts Inc. has a market cap of $1.69 billion; its shares were traded at around $23.6 with a P/E ratio of 9.04 and P/S ratio of 0.96.

Reduced: RTI International Metals Inc. (RTI)

David Dreman reduced to his holdings in RTI International Metals Inc. by 43.79%. His sale prices were between $19.92 and $33.81, with an estimated average price of $29.1. The impact to his portfolio due to this sale was -0.03%. David Dreman still held 386,287 shares as of 09/30/2008.

RMI TITANIUM CO. is a producer of titanium mill and fabricated products for the global market. The Company's mill products are processed by RMI's customers to provide products for use in the aerospace industry and other industrial markets including most recently golf club manufacturing. The Company's fabricated products are used primarily in the aerospace oil and gas geothermal energy production and chemical process industries as well as for a number of other industrial applications. RTI International Metals Inc. has a market cap of $252.74 million; its shares were traded at around $10.99 with a P/E ratio of 3.29 and P/S ratio of 0.45.

Reduced: Southern Union Company (SUG)

David Dreman reduced to his holdings in Southern Union Company by 50.22%. His sale prices were between $21.94 and $25.91, with an estimated average price of $24.9. The impact to his portfolio due to this sale was -0.04%. David Dreman still held 420,200 shares as of 09/30/2008.

Southern Union is a natural gas utilities company whose principal line of business is the distribution of natural gas as a public utility through its operating divisions principally in Texas Missouri Florida Pennsylvania Rhode Island and Massachusetts. Southern Union Company has a market cap of $1.63 billion; its shares were traded at around $13.11 with a P/E ratio of 7.75 and P/S ratio of 0.63. The dividend yield of Southern Union Company stocks is 3.48%.

Reduced: The J.M. Smucker Company (SJM)

David Dreman reduced to his holdings in The J.M. Smucker Company by 39.39%. His sale prices were between $41.74 and $55.69, with an estimated average price of $50.3. The impact to his portfolio due to this sale was -0.11%. David Dreman still held 588,788 shares as of 09/30/2008.

The J.M. Smucker Company headquartered in Orrville Ohio is the leading marketer of jams jellies preserves and other fruit spreads in the U.S. They are also the leader in dessert toppings natural peanut butter and health and natural foods juice products and market a wide variety of other specialty products throughout the U.S. and in many foreign countries. In the fruit spreads category they also hold the leadership position in Australia and Canada. The J.M. Smucker Company has a market cap of $2.15 billion; its shares were traded at around $39.3 with a P/E ratio of 12.82 and P/S ratio of 0.86. The dividend yield of The J.M. Smucker Company stocks is 2.87%.

Reduced: Wachovia Corp. (WB)

David Dreman reduced to his holdings in Wachovia Corp. by 57.69%. His sale prices were between $10 and $18.91, with an estimated average price of $15.1. The impact to his portfolio due to this sale was -0.12%. David Dreman still held 6,433,903 shares as of 09/30/2008.

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 $11.05 billion; its shares were traded at around $5.17 with P/S ratio of 1.13. The dividend yield of Wachovia Corp. stocks is 3.12%.

Reduced: Eli Lilly and Company (LLY)

David Dreman reduced to his holdings in Eli Lilly and Company by 25.2%. His sale prices were between $45.44 and $48.78, with an estimated average price of $47.1. The impact to his portfolio due to this sale was -0.21%. David Dreman still held 2,092,548 shares as of 09/30/2008.

Eli Lilly and Company discovers develops manufactures and sells products in one significant business segment -pharmaceutical products. The company directs its research efforts primarily toward the search for products to diagnose prevent and treat human diseases. The company also conducts research to find products to treat diseases in animals and to increase the efficiency of animal food production. Eli Lilly and Company has a market cap of $36.37 billion; its shares were traded at around $31.99 with a P/E ratio of 14.51 and P/S ratio of 1.87. The dividend yield of Eli Lilly and Company stocks is 5.56%.

Reduced: Amgen Inc. (AMGN)

David Dreman reduced to his holdings in Amgen Inc. by 37.98%. His sale prices were between $50.84 and $65.06, with an estimated average price of $59.3. The impact to his portfolio due to this sale was -0.24%. David Dreman still held 1,154,954 shares as of 09/30/2008.

Amgen Inc. discovers develops and delivers innovative human therapeutics. A biotechnology pioneer Amgen was one of the first companies to realize the new science's promise by bringing safe and effective medicines from lab to manufacturing plant to patient. Amgen therapeutics have changed the practice of medicine helping millions of people around the world in the fight against cancer kidney disease rheumatoid arthritis and other serious illnesses. With a deep and broad pipeline of potential new medicines Amgen remains committed to advancing science to dramatically improve people's lives. Amgen Inc. has a market cap of $58.74 billion; its shares were traded at around $55.47 with a P/E ratio of 14.75 and P/S ratio of 4.13.

Reduced: UST Inc. (UST)

David Dreman reduced to his holdings in UST Inc. by 37.66%. His sale prices were between $50.04 and $67.94, with an estimated average price of $57.2. The impact to his portfolio due to this sale was -0.37%. David Dreman still held 1,579,084 shares as of 09/30/2008.

UST Inc. through its subsidiaries is a leading producer and marketer of moist smokeless tobacco products including Copenhagen Copenhagen Long Cut Skoal Skoal Long Cut Skoal Bandits Rooster and Red Seal. Other consumer products marketed by UST subsidiaries include premium wines sold nationally through the Chateau Ste. Michelle Columbia Crest and Villa Mt. Eden wineries as well as sparkling wine produced under the Domaine Ste. Michelle label and premium cigars including Don Tomas Don Tomas Special Edition Astral and Habano Primero. (Company Press Release) UST Inc. has a market cap of $10.15 billion; its shares were traded at around $68.4 with a P/E ratio of 19.48 and P/S ratio of 5.25. The dividend yield of UST Inc. stocks is 3.73%.

Reduced: Verizon Communications Inc. (VZ)

David Dreman reduced to his holdings in Verizon Communications Inc. by 41.59%. His sale prices were between $31.67 and $34.89, with an estimated average price of $33.9. The impact to his portfolio due to this sale was -0.38%. David Dreman still held 3,105,961 shares as of 09/30/2008.

Verizon Communications formed by the merger of Bell Atlantic and GTE is one of the world's leading providers of high-growth communications services. Verizon companies are the largest providers of wireline and wireless communications in the United States. Verizon is also the world's largest provider of print and on-line directory information. Verizon Communications Inc. has a market cap of $82.26 billion; its shares were traded at around $28.96 with a P/E ratio of 13.24 and P/S ratio of 0.87. The dividend yield of Verizon Communications Inc. stocks is 6.2%.

Reduced: PHILIP MORRIS INTERNATIONAL INC (PM)

David Dreman reduced to his holdings in PHILIP MORRIS INTERNATIONAL INC by 53.67%. His sale prices were between $50.22 and $55.02, with an estimated average price of $52.7. The impact to his portfolio due to this sale was -0.64%. David Dreman still held 2,710,606 shares as of 09/30/2008.

Philip Morris International is the leading international tobacco company with products sold in over 160 countries. They own 7 of the top 15 brands in the world and have a strong mix of international and local products that seek to appeal to a wide array of adult smokers. PHILIP MORRIS INTERNATIONAL INC has a market cap of $79.1 billion; its shares were traded at around $39.1 with a P/E ratio of 11.73 and P/S ratio of 3.28. The dividend yield of PHILIP MORRIS INTERNATIONAL INC stocks is 4.97%.

Reduced: Wyeth (WYE)

David Dreman reduced to his holdings in Wyeth by 46.12%. His sale prices were between $38.07 and $47.55, with an estimated average price of $42.5. The impact to his portfolio due to this sale was -0.84%. David Dreman still held 5,368,481 shares as of 09/30/2008.

Wyeth is one of the world's largest research-driven pharmaceutical and health care products companies. It is a leader in the discovery development manufacturing and marketing of pharmaceuticals vaccines biotechnology products and non-prescription medicines that improve the quality of life for people worldwide. The Company's major divisions include Wyeth Pharmaceuticals Wyeth Consumer Healthcare and Fort Dodge Animal Health. Wyeth has a market cap of $43.19 billion; its shares were traded at around $32.44 with a P/E ratio of 9.80 and P/S ratio of 1.89. The dividend yield of Wyeth stocks is 3.48%.

Sold Out: Avid Technology Inc. (AVID)

David Dreman sold out his holdings in Avid Technology Inc.. His sale prices were between $17.56 and $25.31, with an estimated average price of $22.6. The impact to his portfolio due to this sale was less than 0.01%.

Avid Technology Inc. develops markets sells and supports a wide range of software and systems for creating and manipulating digital media content. Digital media are media elements whether video or audio or graphics in which the image sound or picture is recorded and stored asdigital values as opposed to analog signals. The company's systems are designed to improve the productivity of video and film editors by enabling them to edit moving pictures and sound in a faster easier and more cost-effective manner than traditional analog tape-based systems. Avid Technology Inc. has a market cap of $507.82 million; its shares were traded at around $13.74 with P/S ratio of 0.58.

Sold Out: VERMILION ENERGY TR (VETMF.PK)

David Dreman sold out his holdings in VERMILION ENERGY TR. The impact to his portfolio due to this sale was less than 0.01%.

VERMILION ENERGY TR has a market cap of $ million; its shares were traded at around $24.494 .

Sold Out: L3 Communications Holdings Inc. (LLL)

David Dreman sold out his holdings in L3 Communications Holdings Inc.. His sale prices were between $89.06 and $105.83, with an estimated average price of $99. The impact to his portfolio due to this sale was less than 0.01%.

L-3 Communications Holdings is a merchant supplier of sophisticated secure communication systems and specialized communication products. They produce secure high data rate communication systems microwave components avionics and ocean systems and telemetry instrumentation and space products. L-3's systems and specialized products are used to connect a variety of airborne space ground-and sea-based communication systems and are used in the transmission processing recording monitoring and dissemination functions of these communication systems. L3 Communications Holdings Inc. has a market cap of $8.55 billion; its shares were traded at around $71.59 with a P/E ratio of 10.02 and P/S ratio of 0.60. The dividend yield of L3 Communications Holdings Inc. stocks is 1.48%.

Sold Out: Petrohawk Energy Corp. (HK)

David Dreman sold out his holdings in Petrohawk Energy Corp.. His sale prices were between $23.19 and $47.9, with an estimated average price of $33. The impact to his portfolio due to this sale was less than 0.01%.

Petrohawk Energy Corporation is an independent energy company engaged in the acquisition production exploitation exploration and development of oil and gas properties. Petrohawk Energy Corp. has a market cap of $3.65 billion; its shares were traded at around $14.55 with a P/E ratio of 18.70 and P/S ratio of 4.12.

Sold Out: ABX Air Inc. (ATSG)

David Dreman sold out his holdings in ABX Air Inc.. His sale prices were between $0.83 and $1, with an estimated average price of $0.9. The impact to his portfolio due to this sale was less than 0.01%.

AIR TRANSPORT SERVICES GROUP INC. is a leading provider of air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. Through five principal subsidiaries including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier Certificates ATSG also provides aircraft leasing aircraft maintenance services airport ground services fuel management specialized transportation management and air charter brokerage services. ATSG subsidiaries include ABX Air Inc. Air Transport International LLC Cargo Aircraft Management Inc. Capital Cargo International Airlines Inc. and LGSTX Services Inc. ABX Air Inc. has a market cap of $11.38 million; its shares were traded at around $0.18 with a P/E ratio of 0.78 and P/S ratio of 0.01.

Sold Out: Arris Group Inc (ARRS)

David Dreman sold out his holdings in Arris Group Inc. His sale prices were between $7.75 and $9.93, with an estimated average price of $9.1. The impact to his portfolio due to this sale was less than 0.01%.

Arris Group Inc. is an international communications technology company serving the broadband information transport industries. Arris specializes in the manufacturing and distribution of products for hybrid fiber coax broadband networks as well as the design and engineering of these networks. Arris Group Inc has a market cap of $721.11 million; its shares were traded at around $5.87 with a P/E ratio of 15.09 and P/S ratio of 0.68.

Sold Out: Watts Water Technologies Inc. (WTS)

David Dreman sold out his holdings in Watts Water Technologies Inc.. His sale prices were between $23 and $32.21, with an estimated average price of $28.6. The impact to his portfolio due to this sale was less than 0.01%.

Watts Water Technologies Inc. designs manufactures and sells an extensive line of products to the water quality and water regulation and control markets. Watts Water Technologies Inc. has a market cap of $805.06 million; its shares were traded at around $22.03 with a P/E ratio of 11.50 and P/S ratio of 0.59. The dividend yield of Watts Water Technologies Inc. stocks is 1.66%.

Sold Out: HNI Corp. (HNI)

David Dreman sold out his holdings in HNI Corp.. His sale prices were between $17.27 and $31.25, with an estimated average price of $22.8. The impact to his portfolio due to this sale was less than 0.01%.

HNI Corp has two reportable core operating segments: office furniture and hearth products. They are the second largest office furniture manufacturer in the United States and the nation's leading manufacturer and marketer of gas- and wood-burning fireplaces. HNI Corp. has a market cap of $614.72 million; its shares were traded at around $13.89 with a P/E ratio of 8.36 and P/S ratio of 0.28. The dividend yield of HNI Corp. stocks is 4.69%.

Sold Out: UCBH Holdings Inc. (UCBH)

David Dreman sold out his holdings in UCBH Holdings Inc.. His sale prices were between $2.53 and $7.09, with an estimated average price of $5.1. The impact to his portfolio due to this sale was less than 0.01%.

UCBH Holdings Inc. is the holding company for United Commercial Bank the largest U.S. bank serving the ethnic Chinese community. The bank provides a wide range of consumer banking services to individuals and commercial banking services to small and medium sized businesses and professionals in a variety of industries. The bank offers a full range of lending activities including residential and commercial real estate construction commercial credit facilities and working capital loans. (PRESS RELEASE) UCBH Holdings Inc. has a market cap of $445.48 million; its shares were traded at around $4.37 with a P/E ratio of 20.99 and P/S ratio of 2.20. The dividend yield of UCBH Holdings Inc. stocks is 3.03%.

Sold Out: iShares Russell 1000 Value Index Fund (IWD)

David Dreman sold out his holdings in iShares Russell 1000 Value Index Fund. His sale prices were between $65.4 and $69.47, with an estimated average price of $67.9. The impact to his portfolio due to this sale was less than 0.01%.

iShares Russell 1000 Value Index Fund has a market cap of $ million; its shares were traded at around $48.9 . The dividend yield of iShares Russell 1000 Value Index Fund stocks is 2.9%.

Sold Out: Universal Corp. (UVV)

David Dreman sold out his holdings in Universal Corp.. His sale prices were between $44.65 and $54.23, with an estimated average price of $50.2. The impact to his portfolio due to this sale was less than 0.01%.

Universal Corporation is the world's largest independent tobacco merchant as well as a leading lumber and building products distributor in the Netherlands. In addition Universal is the world's largest independent tea dealer the largest exporter of confectionery sunflower seeds in the United States and the leading importer of certain dried fruits and nuts to the United States. Universal Corp. has a market cap of $873.05 million; its shares were traded at around $34.94 with a P/E ratio of 8.92 and P/S ratio of 0.39. The dividend yield of Universal Corp. stocks is 4.55%.

Sold Out: ARC ENERGY TRUST UNI (AETUF.PK)

David Dreman sold out his holdings in ARC ENERGY TRUST UNI. The impact to his portfolio due to this sale was less than 0.01%.

ARC ENERGY TRUST UNI has a market cap of $ million; its shares were traded at around $15.65 .

Sold Out: MCG Capital Corp. (MCGC)

David Dreman sold out his holdings in MCG Capital Corp.. His sale prices were between $2.61 and $4.78, with an estimated average price of $3.6. The impact to his portfolio due to this sale was less than 0.01%.

MCG Capital Corporation is a solutions-focused financial services firm that primarily provides capital to support the internal growth and corporate development initiatives of small-to medium-sized private companies in the media communications and technology sectors in the United States. MCG Capital Corp. has a market cap of $53.28 million; its shares were traded at around $0.7 with P/S ratio of 0.37.

Sold Out: Citizens Republic Bancorp Inc. (CRBC)

David Dreman sold out his holdings in Citizens Republic Bancorp Inc.. His sale prices were between $2.22 and $5.2, with an estimated average price of $3.8. The impact to his portfolio due to this sale was less than 0.01%.

CITIZENS BANKING CORP. (MI) is a multibank holding company offering a variety of financial services to corporate commercial correspondent and individual bank customers. These services include commercial mortgage and consumer lending demand and time deposits trust services investment services safe deposit facilities and other financial products and services. Citizens Republic Bancorp Inc. has a market cap of $225.57 million; its shares were traded at around $1.79 with P/S ratio of 0.82.

Sold Out: PACCAR Inc (PCAR)

David Dreman sold out his holdings in PACCAR Inc. His sale prices were between $39 and $44.81, with an estimated average price of $42.2. The impact to his portfolio due to this sale was less than 0.01%.

PACCAR Inc. is a global technology leader in the design manufacture and customer support of high-quality light- medium- and heavy-duty trucks under the Kenworth Peterbilt DAF and Foden nameplates. It also provides financial services and distributes truck parts related to its principal business. In addition the Bellevue Washington-based company manufactures industrial winches under the Braden Gearmatic and Carco nameplates. (Company Press Release) PACCAR Inc has a market cap of $9.22 billion; its shares were traded at around $25.42 with a P/E ratio of 8.01 and P/S ratio of 0.60. The dividend yield of PACCAR Inc stocks is 2.46%.

Sold Out: Charles River Laboratories International (CRL)

David Dreman sold out his holdings in Charles River Laboratories International. His sale prices were between $58.04 and $68.7, with an estimated average price of $64.5. The impact to his portfolio due to this sale was less than 0.01%.

Charles River Laboratories is a leading provider of critical research tools and integrated support services that enable innovative and efficient drug discovery and development. Charles River is the global leader inproviding the animal research models required in research and development for new drugs devices and therapies and has been in this business for more than 50 years. Charles River Laboratories International has a market cap of $1.68 billion; its shares were traded at around $24.76 with a P/E ratio of 9.88 and P/S ratio of 1.29.

Sold Out: Electronic Data Systems Corp. (EDS)

David Dreman sold out his holdings in Electronic Data Systems Corp.. His sale prices were between $24.61 and $24.94, with an estimated average price of $24.8. 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 $ million; its shares were traded at around $24.96 . The dividend yield of Electronic Data Systems Corp. stocks is 0.8%.

Sold Out: E.I. du Pont de Nemours and Co. (DD)

David Dreman sold out his holdings in E.I. du Pont de Nemours and Co.. His sale prices were between $41.1 and $48.04, with an estimated average price of $44.1. The impact to his portfolio due to this sale was less than 0.01%.

E.I. DuPont de Nemours is involved in science and technology in a range of disciplines including high-performance materials specialty chemicals pharmaceuticals and biotechnology. The company operates globally through strategic business units. Within the strategic business units businesses manufacture and sell a wide range of products to many different markets including the transportation textile construction automotive agricultural and hybrid seeds nutrition and health pharmaceuticals packaging and electronics markets. E.I. du Pont de Nemours and Co. has a market cap of $24.55 billion; its shares were traded at around $27.21 with a P/E ratio of 7.79 and P/S ratio of 0.78. The dividend yield of E.I. du Pont de Nemours and Co. stocks is 5.12%.

Sold Out: Quest Diagnostics Inc. (DGX)

David Dreman sold out his holdings in Quest Diagnostics Inc.. His sale prices were between $48.17 and $55.84, with an estimated average price of $52.9. The impact to his portfolio due to this sale was less than 0.01%.

Quest Diagnostics Inc. is the leading provider of diagnostic testing information and services that patients and doctors need to make better healthcare decisions. The company offers the broadest access to diagnostic testing services through its national network of laboratories and patient service centers and provides interpretive consultation through its extensive medical and scientific staff. Quest Diagnostics is a pioneer in developing innovative new diagnostic tests and advanced healthcare information technology solutions that help improve patient care. Quest Diagnostics Inc. has a market cap of $8.79 billion; its shares were traded at around $44.93 with a P/E ratio of 21.69 and P/S ratio of 1.25. The dividend yield of Quest Diagnostics Inc. stocks is 0.85%.

Sold Out: Pinnacle Gas Resources Inc. (PINN)

David Dreman sold out his holdings in Pinnacle Gas Resources Inc.. His sale prices were between $0.03 and $0.13, with an estimated average price of $0.1. The impact to his portfolio due to this sale was less than 0.01%.

PINNACLE GAS RESOURCES INC. is an independent energy company engaged in the acquisition exploration and development of domestic onshore natural gas reserves primarily located in the Rocky Mountain region. The Company focuses on the development of coalbed methane properties located in the Rocky Mountain region and is a holder of CBM acreage in the Powder River Basin. Pinnacle owns almost all of the rights to develop conventional and unconventional oil and gas in zones below its existing CBM reserves. The Company?s undeveloped acreage is located on the northern end of the Powder River Basin in northeastern Wyoming and southern Montana. Pinnacle Gas Resources Inc. has a market cap of $26.18 million; its shares were traded at around $0.9 with P/S ratio of 1.24.

Sold Out: NATCO Group Inc. (NTG)

David Dreman sold out his holdings in NATCO Group Inc.. His sale prices were between $40.57 and $50.69, with an estimated average price of $46.4. The impact to his portfolio due to this sale was less than 0.01%.

Natco Group Inc. is a leading provider of wellhead equipment systems and services used in the production of oil and gas. The production equipment and systems are primarily used at or near the wellhead to separate oil and gas within a hydrocarbon stream and to remove contaminants. Separation and decontamination at the wellhead are necessary to meet the specifications of transporters and end users. The products and services are used in onshore and offshore fields in most major oil and gas producing regions in the world. NATCO Group Inc. has a market cap of $290.16 million; its shares were traded at around $14.34 with a P/E ratio of 8.26 and P/S ratio of 0.54.

Sold Out: CRESCENT PT NRG TR (CPGCF.PK)

David Dreman sold out his holdings in CRESCENT PT NRG TR. The impact to his portfolio due to this sale was less than 0.01%.

CRESCENT PT NRG TR has a market cap of $ million; its shares were traded at around $22.1799 .

Sold Out: NEW FLYER INDS INC I/D/S (NFYIF.PK)

David Dreman sold out his holdings in NEW FLYER INDS INC I/D/S. The impact to his portfolio due to this sale was less than 0.01%.

NEW FLYER INDS INC I/D/S has a market cap of $ million; its shares were traded at around $0 .

Sold Out: BristolMyers Squibb Company (BMY)

David Dreman sold out his holdings in BristolMyers Squibb Company. His sale prices were between $20.47 and $22.01, with an estimated average price of $21.3. The impact to his portfolio due to this sale was less than 0.01%.

Bristol-Myers Squibb Company is a global leader in the research and development of innovative lifesaving and life-enhancing treatments for heart disease; high blood pressure; stroke; diabetes; cancer; HIV/AIDS and other infectious diseases; depression schizophrenia and other mental disorders; pain; and other conditions. BristolMyers Squibb Company has a market cap of $38.7 billion; its shares were traded at around $19.55 with a P/E ratio of 9.92 and P/S ratio of 1.84. The dividend yield of BristolMyers Squibb Company stocks is 6.03%.

Sold Out: BONAVISTA ENE TR UT (BNPUF.PK)

David Dreman sold out his holdings in BONAVISTA ENE TR UT. The impact to his portfolio due to this sale was less than 0.01%.

BONAVISTA ENE TR UT has a market cap of $ million; its shares were traded at around $16.0385 .

Sold Out: Sterling Financial Corp. (STSA)

David Dreman sold out his holdings in Sterling Financial Corp.. His sale prices were between $3.53 and $14.22, with an estimated average price of $9.1. The impact to his portfolio due to this sale was less than 0.01%.

Sterling Financial Corporation is a unitary savings and loan holding company. Sterling provides personalized quality financial services to its customers. Sterling Financial Corp. has a market cap of $326.34 million; its shares were traded at around $6.26 with a P/E ratio of 8.90 and P/S ratio of 1.08. The dividend yield of Sterling Financial Corp. stocks is 4.71%.

Sold Out: Mirant Corp. (MIR)

David Dreman sold out his holdings in Mirant Corp.. His sale prices were between $20.99 and $36.21, with an estimated average price of $29.5. The impact to his portfolio due to this sale was less than 0.01%.

Mirant is a competitive energy company that produces and sells electricity in the United States the Caribbean and the Philippines. Mirant owns or leases megawatts of electric generating capacity globally. The company operates an asset management and energy marketing organization from its headquarters in Atlanta. Mirant Corp. has a market cap of $2.68 billion; its shares were traded at around $17.09 with a P/E ratio of 5.65 and P/S ratio of 1.13.

Sold Out: Superior Essex Inc (SPSX)

David Dreman sold out his holdings in Superior Essex Inc. His sale prices were between $44.38 and $45.04, with an estimated average price of $44.8. The impact to his portfolio due to this sale was less than 0.01%.

Superior Essex Inc. is a global leader in the design manufacture and supply of a wide range of cable wire and electrical insulation products. Throughout North America and in multiple international regions their products are integral to the operation of vast communications networks electrically powered machinery and countless consumer and industrial goods. Superior Essex Inc has a market cap of $ million; its shares were traded at around $45 .

Sold Out: Merck & Co. Inc. (MRK)

David Dreman sold out his holdings in Merck & Co. Inc.. His sale prices were between $31.84 and $38.03, with an estimated average price of $34.7. The impact to his portfolio due to this sale was less than 0.01%.

Merck & Co. Inc. is a global research-driven pharmaceutical company dedicated to putting patients first. Established in 1891 Merck discovers develops manufactures and markets vaccines and medicines to address unmet medical needs. The company devotes extensive efforts to increase access to medicines through far-reaching programs that not only donate Merck medicines but help deliver them to the people who need them. Merck also publishes unbiased health information as a not-for-profit service. Merck & Co. Inc. has a market cap of $56.49 billion; its shares were traded at around $26.72 with a P/E ratio of 12.79 and P/S ratio of 2.42. The dividend yield of Merck & Co. Inc. stocks is 4.91%.

Sold Out: Microsoft Corp. (MSFT)

David Dreman sold out his holdings in Microsoft Corp.. His sale prices were between $25.15 and $28.02, with an estimated average price of $26.5. The impact to his portfolio due to this sale was less than 0.01%.

Microsoft develops manufactures licenses and supports a wide range of software products for a multitude of computing devices. Microsoft software includes scalable operating systems for servers personal computers and intelligent devices; server applications for client/server environments; knowledge worker productivity applications; and software development tools. The Company's online efforts include the MSN network of Internet products and services and alliances with companies involved with broadband access and various forms of digital interactivity. Microsoft Corp. has a market cap of $180.58 billion; its shares were traded at around $20.3 with a P/E ratio of 10.73 and P/S ratio of 3.06. The dividend yield of Microsoft Corp. stocks is 1.97%.

Sold Out: Perrigo Company (PRGO)

David Dreman sold out his holdings in Perrigo Company. His sale prices were between $33.13 and $39.68, with an estimated average price of $35.8. The impact to his portfolio due to this sale was less than 0.01%.

Perrigo Company is the nations largest manufacturer of store brand over-the-counter (non-prescription) pharmaceutical products and also manufactures store brand nutritional products. Store brand products are sold by national and regional supermarket drugstore and mass merchandise chains under their own labels and compete with nationally advertised brands. The Company's products include analgesics cough and cold remedies antacids laxatives feminine hygiene and smoking cessation products and vitamins nutritional supplements and nutritional drinks. Perrigo Company has a market cap of $3.03 billion; its shares were traded at around $32.86 with a P/E ratio of 22.37 and P/S ratio of 1.60. The dividend yield of Perrigo Company stocks is 0.59%.

Sold Out: FBR Capital Markets Corp. (FBCM)

David Dreman sold out his holdings in FBR Capital Markets Corp.. His sale prices were between $4.72 and $6.86, with an estimated average price of $5.6. The impact to his portfolio due to this sale was less than 0.01%.

Friedman Billings Ramsey & Co. Inc. is a statements concerning future performance developments events market forecasts revenues expenses earnings run rates and any other guidance on present or future periods constitute forward-looking statements that are subject to a number of factors risks and uncertainties that might cause actual results to differ materially from stated expectations or current circumstances. These factors include but are not limited to the effect of demand for public offerings activity in the secondary securities markets interest rates costs of borrowing interest spreads mortgage pre-payment speeds risks associated with merchant banking investments the realization of gains and losses on principal investments available technologies competition for business and personnel and general economic political and market conditions. FBR Capital Markets Corp. has a market cap of $284.84 million; its shares were traded at around $4.38 with P/S ratio of 1.13.

Sold Out: Ruby Tuesday Inc. (RT)

David Dreman sold out his holdings in Ruby Tuesday Inc.. His sale prices were between $5.2 and $8.28, with an estimated average price of $7. The impact to his portfolio due to this sale was less than 0.01%.

Ruby Tuesday operates casual dining concepts comprised of Ruby Tuesday Mozzarella's & Tia's. Ruby Tuesdays are casual full-service restaurants with whimsical artifacts classic brass & Tiffany lamps which create a comfortable nostalgic look & feel. Mozzarella's is a full-service restaurant with a menu that features a variety of pastas & thin-crust pizzas along with made-from-scratch soups entree salads & sandwiches. Tia's is a full-service casual dining restaurant. Ruby Tuesday Inc. has a market cap of $73.87 million; its shares were traded at around $1.4 with a P/E ratio of 4.62 and P/S ratio of 0.06.

Sold Out: Dynegy Inc. (DYN)

David Dreman sold out his holdings in Dynegy Inc.. His sale prices were between $3.99 and $8.22, with an estimated average price of $6.1. The impact to his portfolio due to this sale was less than 0.01%.

Dynegy Inc. is a provider of energy products and services in North America the United Kingdom and in continental Europe. Products marketed by the company's wholesale marketing operations include natural gas electricity coal emissions natural gas liquids crude oil liquid petroleum gas and related services. The company's wholesale marketing operations are supported by ownership or control of an extensive assetbase and transportation network. Dynegy Inc. has a market cap of $1.97 billion; its shares were traded at around $2.34 with a P/E ratio of 14.53 and P/S ratio of 0.67.

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