Charles Brandes' buys and sells during the third quarter. Value investing seems dead. Charles Brandes owns 206 stocks with a total value of $27.6 billion.
Charles Brandes buys XL Capital Ltd, Flextronics International Ltd., Texas Instruments Inc., Nokia Corp., Canon Inc., Eli Lilly and Company, Office Depot Inc., Syneron Medical Ltd., The First American Corp., Huntsman Corp., Zions Ban Corp., Washington Mutual Inc., J.C. Penney Company Inc., LouisianaPacific Corp., Lennar Corp., Pacific Sunwear of California Inc., Sierra Pacific Resources, Sierra Wireless Inc., NOVA Chemicals Corp., United Microelectronics Corp., Royal Caribbean Cruises Ltd., sells Adaptec Inc., Vivo Participacoes S.A., Telecom Italia S.p.A. ADSs, Tele Norte Celular Participaes S.A., Partner Communications Company Ltd., PolyOne Corp., PMA Capital Corp., LSI Corp., H&R Block Inc., Federal Signal Corp., Freddie Mac, Fannie Mae, First BanCorp., Downey Financial Corp., W Holding Company Inc. during the 3-months ended 09/30/2008, according to the most recent filings of his investment company, Brandes Investment. Charles Brandes owns 206 stocks with a total value of $27.6 billion. These are the details of the buys and sells.
- New Purchases: CAJ, ELOS, FAF, FLEX, HUN, JCP, LEN-B, LLY, LPX, NCX, NOK, ODP, PSUN, RCL, SRP, SWIR, TXN, UMC, WAMUQ.PK, XL, ZION,
- Added Positions: AIG, AXL, AXP, BAC, BBT, BBX, BRP, CAR, CTX, DDS, FNF, FUJI, HBAN, HMA, HMC, INTC, JAVA, KG, LFG, NCC, OMX, PFE, PPC, RF, SGP, SLM, STI, T, TKS, TSU, TUES, VCI, WB,
- Reduced Positions: AMGN, AZN, BE, BLX, BPOP, HIT, LZB, MMC, MTA, MTH, NNI, NTT, NVS, STC, TBH, TECUB, TLB, VTNC, WLK,
- Sold Out: ADPT, DSL, FBP, FNM, FRE, FSS, HRB, LSI, PMACA, POL, PTNR, TCN, TI, VIV, WHI,
For the details of Charles Brandes's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Charles+Brandes
Added: Bank of America Corp. (BAC)
Charles Brandes added to his holdings in Bank of America Corp. by 603.4%. His purchase prices were between $21.24 and $37.48, with an estimated average price of $30.3. The impact to his portfolio due to this purchase was 2.07%. His holdings were 19,029,175 shares as of 09/30/2008.
Bank of America Corp. is one of the world's leading financial services companies. Bank of America provides individuals small businesses and commercial corporate and institutional clients across the United States and around the world new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever wherever and however they choose. Bank of America Corp. has a market cap of $86.7 billion; its shares were traded at around $17 with a P/E ratio of 15.03 and P/S ratio of 1.78. The dividend yield of Bank of America Corp. stocks is 10.59%.
Added: BB&T Corp. (BBT)
Charles Brandes added to his holdings in BB&T Corp. by 1030.28%. His purchase prices were between $21.82 and $40.58, with an estimated average price of $29.9. The impact to his portfolio due to this purchase was 0.61%. His holdings were 4,857,367 shares as of 09/30/2008.
BB&T Corporation is a multi-bank holding company. The company offers full-service commercial and retail banking and additional financial services such as insurance corporate finance international banking leasing and trust. BB&T conducts its operations in North Carolina South Carolina Virginia Maryland Georgia West Virginia Kentucky and the metropolitan Washington D.C. area. BB&T Corp. has a market cap of $16.15 billion; its shares were traded at around $28.58 with a P/E ratio of 9.92 and P/S ratio of 2.56. The dividend yield of BB&T Corp. stocks is 5.24%.
Added: ScheringPlough Corp. (SGP)
Charles Brandes added to his holdings in ScheringPlough Corp. by 130.31%. His purchase prices were between $18.41 and $21.28, with an estimated average price of $19.7. The impact to his portfolio due to this purchase was 0.42%. His holdings were 11,217,276 shares as of 09/30/2008.
Schering-Plough Corporation and its subsidiaries are engaged in the discovery development manufacturing and marketing of pharmaceutical products worldwide. The company operates primarily in the prescription pharmaceutical marketplace. However where appropriate the company has sought regulatory approval to switch prescription products to over-the-counter status as a means of extending a product's life cycle. ScheringPlough Corp. has a market cap of $25.11 billion; its shares were traded at around $14.63 with P/S ratio of 1.33. The dividend yield of ScheringPlough Corp. stocks is 1.79%.
Added: SLM Corp. (SLM)
Charles Brandes added to his holdings in SLM Corp. by 109.94%. His purchase prices were between $13.89 and $18.45, with an estimated average price of $16.3. The impact to his portfolio due to this purchase was 0.3%. His holdings were 12,683,651 shares as of 09/30/2008.
SLM Corporation is the one of nation's largest private sources of funding and servicing support for higher education loans for students and their parents. The company provides a wide range of financial services processing capabilities and information technology to meet the needs of educational institutions lenders students and guarantee agencies. SLM Corp. has a market cap of $3.4 billion; its shares were traded at around $7.3 .
Added: FUJIFILM Holdings Corp. (FUJI)
Charles Brandes added to his holdings in FUJIFILM Holdings Corp. by 62.81%. His purchase prices were between $27.25 and $33.31, with an estimated average price of $30.2. The impact to his portfolio due to this purchase was 0.29%. His holdings were 8,043,086 shares as of 09/30/2008.
Fuji Photo Film is a leading global manufacturer of imaging and information products. They provide a complete portfolio of imaging and information products services and e-solutions to retailers consumers professionals and business customers. FUJIFILM Holdings Corp. has a market cap of $ million; its shares were traded at around $22.59 . The dividend yield of FUJIFILM Holdings Corp. stocks is 1.18%.
Added: Intel Corp. (INTC)
Charles Brandes added to his holdings in Intel Corp. by 16.38%. His purchase prices were between $19.03 and $24.05, with an estimated average price of $21.4. The impact to his portfolio due to this purchase was 0.21%. His holdings were 22,249,175 shares as of 09/30/2008.
Intel Corporation one of the world's largest semiconductor chip maker supplies the computing and communications industries with chips boards and systems building blocks that are integral to computers servers and networking and communications products. Its products are offered at various levels of integration and are used by industry members to create advanced computing and communications systems. Intel Corp. has a market cap of $75.6 billion; its shares were traded at around $13.52 with a P/E ratio of 10.83 and P/S ratio of 1.88. The dividend yield of Intel Corp. stocks is 3.49%.
Added: SunTrust Banks Inc. (STI)
Charles Brandes added to his holdings in SunTrust Banks Inc. by 920.06%. His purchase prices were between $30.34 and $59.2, with an estimated average price of $42.2. The impact to his portfolio due to this purchase was 0.17%. His holdings were 1,195,049 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 $12.14 billion; its shares were traded at around $34.02 with a P/E ratio of 10.60 and P/S ratio of 1.76. The dividend yield of SunTrust Banks Inc. stocks is 7.67%.
Added: Wachovia Corp. (WB)
Charles Brandes added to his holdings in Wachovia Corp. by 43.41%. His purchase prices were between $10 and $18.91, with an estimated average price of $15.1. The impact to his portfolio due to this purchase was 0.15%. His holdings were 39,521,734 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 $11.43 billion; its shares were traded at around $5.17 with P/S ratio of 1.05. The dividend yield of Wachovia Corp. stocks is 3.12%.
Added: AT&T Inc. (T)
Charles Brandes added to his holdings in AT&T Inc. by 10.65%. His purchase prices were between $29.53 and $32.07, with an estimated average price of $30.9. The impact to his portfolio due to this purchase was 0.12%. His holdings were 12,751,592 shares as of 09/30/2008.
SBC Communications Inc. is in the communications industry. Through its subsidiaries' trusted brands and world-class network SBC and its affiliated companies provide voice data networking and e-business services including local and long-distance voice high-speed Internet access and data transport voice and data network integration software and process integration Web site and application hosting e-marketplace development paging and messaging as well as cable and satellite TV and directory advertising and publishing. (Company Press Release) AT&T Inc. has a market cap of $158.46 billion; its shares were traded at around $26.18 with a P/E ratio of 11.86 and P/S ratio of 1.25. The dividend yield of AT&T Inc. stocks is 5.98%.
Added: TIM Participaes S.A. (TSU)
Charles Brandes added to his holdings in TIM Participaes S.A. by 65.07%. His purchase prices were between $21.2 and $27.45, with an estimated average price of $23.8. The impact to his portfolio due to this purchase was 0.11%. His holdings were 3,619,924 shares as of 09/30/2008.
TIM Participaes S.A. has a market cap of $3.09 million; its shares were traded at around $12.41 with a P/E ratio of 0.10. The dividend yield of TIM Participaes S.A. stocks is 5.78%.
Added: Brasil Telecom Participaes S.A. (BRP)
Charles Brandes added to his holdings in Brasil Telecom Participaes S.A. by 13.43%. His purchase prices were between $47.46 and $78.14, with an estimated average price of $64.9. The impact to his portfolio due to this purchase was 0.11%. His holdings were 5,271,075 shares as of 09/30/2008.
Brasil Telecom provides fixed-line telecommunications services in nine states of Brazil. Brasil Telecom Participaes S.A. has a market cap of $2.35 billion; its shares were traded at around $30.1 with a P/E ratio of 5.94 and P/S ratio of 0.43. The dividend yield of Brasil Telecom Participaes S.A. stocks is 9.04%.
Added: American International Group Inc. (AIG)
Charles Brandes added to his holdings in American International Group Inc. by 53.44%. His purchase prices were between $3.15 and $26.97, with an estimated average price of $19.8. The impact to his portfolio due to this purchase was 0.11%. His holdings were 26,446,379 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 $5.57 billion; its shares were traded at around $2.03 with P/S ratio of 0.07.
Added: Pfizer Inc (PFE)
Charles Brandes added to his holdings in Pfizer Inc by 3.19%. His purchase prices were between $17.16 and $19.62, with an estimated average price of $18.4. The impact to his portfolio due to this purchase was 0.1%. His holdings were 47,929,505 shares as of 09/30/2008.
Pfizer Inc is a research-based global pharmaceutical company that discovers and develops innovative value-added products that improve the quality of life of people around the world and help them enjoy longer healthier and more productive lives. Pfizer has three business segments: health care animal health and consumer health care. Its products are available in numerous countries. (Company Press Release) Pfizer Inc has a market cap of $108.49 billion; its shares were traded at around $15.83 with a P/E ratio of 10.30 and P/S ratio of 2.19. The dividend yield of Pfizer Inc stocks is 7.23%.
Added: National City Corp. (NCC)
Charles Brandes added to his holdings in National City Corp. by 75.17%. His purchase prices were between $3.69 and $5.59, with an estimated average price of $4.8. The impact to his portfolio due to this purchase was 0.09%. His holdings were 31,247,217 shares as of 09/30/2008.
National City Corporation is a financial holding company. The company offers a full range of financial services including investment banking brokerage mutual fund insurance and traditional banking services to individuals and businesses. National City has offices in Ohio Pennsylvania Michigan Indiana Kentucky and Illinois. (Company Press Release) National City Corp. has a market cap of $4.74 billion; its shares were traded at around $2.23 with P/S ratio of 2.41. The dividend yield of National City Corp. stocks is 1.48%.
Added: American Express Company (AXP)
Charles Brandes added to his holdings in American Express Company by 2478.42%. His purchase prices were between $36.43 and $41.98, with an estimated average price of $38.9. The impact to his portfolio due to this purchase was 0.07%. His holdings were 581,408 shares as of 09/30/2008.
American Express Company is primarily engaged in the business of providing travel related services financial advisory services and international banking services throughout the world. American Express Travel Related Services Company Inc. provides a variety of products and services including global network services the American Express Card the Optima Card and other consumer and corporate lending products stored value products and several others. American Express Company has a market cap of $22.58 billion; its shares were traded at around $20.05 with a P/E ratio of 6.90 and P/S ratio of 0.71. The dividend yield of American Express Company stocks is 2.62%.
Added: Sun Microsystems Inc. (JAVA)
Charles Brandes added to his holdings in Sun Microsystems Inc. by 9205.34%. His purchase prices were between $7.64 and $10.86, with an estimated average price of $9.5. The impact to his portfolio due to this purchase was 0.06%. His holdings were 1,999,903 shares as of 09/30/2008.
Sun Microsystems Inc. is one of the leading worldwide providers of products services and support solutions for building and maintaining network computing environments. The company sells scalable computer and storage systems high-speed microprocessors and a complete line of high performance software for operating network computing equipment. The company also provides a full range of services including support education and professional services. Sun Microsystems Inc. has a market cap of $2.66 billion; its shares were traded at around $3.62 with P/S ratio of 0.20.
Added: Tomkins PLC (TKS)
Charles Brandes added to his holdings in Tomkins PLC by 21.15%. His purchase prices were between $9.54 and $12.06, with an estimated average price of $10.4. The impact to his portfolio due to this purchase was 0.04%. His holdings were 5,710,564 shares as of 09/30/2008.
Tomkins is a British based international group of companies focused on manufacturing and committed to achieving consistent long-term growth. The company's key objectives for shareholders are to generate above average growth to maintain its progressive dividend policy and to achieve a return on investment above its weighted average cost of capital by concentrating on a limited number of balanced strategic business activities. Tomkins PLC has a market cap of $1.48 billion; its shares were traded at around $6.71 with a P/E ratio of 8.63 and P/S ratio of 0.25. The dividend yield of Tomkins PLC stocks is 14.49%.
Added: Regions Financial Corp. (RF)
Charles Brandes added to his holdings in Regions Financial Corp. by 170.45%. His purchase prices were between $8.41 and $19.8, with an estimated average price of $10.7. The impact to his portfolio due to this purchase was 0.04%. His holdings were 2,092,053 shares as of 09/30/2008.
Regions Financial Corporation is a regional bank holding company and hasbanking-related subsidiaries engaged in mortgage banking credit life insurance leasing and securities brokerage activities with offices in various Southeastern states. Through its subsidiaries Regions offers a broad range of banking and banking-related services. Regions Financial Corp. has a market cap of $6.95 billion; its shares were traded at around $9.64 with a P/E ratio of 10.08 and P/S ratio of 1.16. The dividend yield of Regions Financial Corp. stocks is 3.61%.
Added: Dillard's Inc. (DDS)
Charles Brandes added to his holdings in Dillard's Inc. by 31.81%. His purchase prices were between $8.63 and $13.98, with an estimated average price of $11.5. The impact to his portfolio due to this purchase was 0.02%. His holdings were 2,230,348 shares as of 09/30/2008.
Dillard's Inc. is one of the nation's largest fashion apparel and home furnishings retailers. The company's stores operate with one name Dillard's and span numerous states. Dillard's offers a distinctive mix of name brand and private label merchandise appealing to a broad range of customers. Dillard's Inc. has a market cap of $258.56 million; its shares were traded at around $3.6 with a P/E ratio of 704.00 and P/S ratio of 0.04. The dividend yield of Dillard's Inc. stocks is 3%.
Added: OfficeMax Inc. (OMX)
Charles Brandes added to his holdings in OfficeMax Inc. by 531.42%. His purchase prices were between $10.94 and $14.11, with an estimated average price of $12.7. The impact to his portfolio due to this purchase was 0.02%. His holdings were 494,090 shares as of 09/30/2008.
OfficeMax Incorporated is a leader in both business-to-business and retail office products distribution. OfficeMax delivers an unparalleled customer experience - in service in product in time savings and in value - through a relentless focus on its customers. The company provides office supplies and paper print and document services technology products and solutions and furniture to large medium and small businesses and consumers. OfficeMax Inc. has a market cap of $344.09 million; its shares were traded at around $4.63 with P/S ratio of 0.04. The dividend yield of OfficeMax Inc. stocks is 7.45%.
Added: Centex Corp. (CTX)
Charles Brandes added to his holdings in Centex Corp. by 33.44%. His purchase prices were between $12.52 and $17.79, with an estimated average price of $15.4. The impact to his portfolio due to this purchase was 0.02%. His holdings were 1,135,534 shares as of 09/30/2008.
Centex Corporation is the nation's premier company in building and related services: Home Building Home Services Financial Services Contracting and Construction Services Construction Products and Investment Real Estate. Centex Corp. has a market cap of $1.08 billion; its shares were traded at around $9.05 with P/S ratio of 0.18.
Added: Fidelity National Financial Inc. (FNF)
Charles Brandes added to his holdings in Fidelity National Financial Inc. by 137.18%. His purchase prices were between $12.19 and $16.62, with an estimated average price of $13.8. The impact to his portfolio due to this purchase was 0.02%. His holdings were 528,303 shares as of 09/30/2008.
Fidelity National Title Group Inc. is a leading provider of title insurance specialty insurance and claims management services. FNT is one of the nation's largest title insurance companies through its title insurance underwriters. FNT also provides flood insurance personal lines insurance and home warranty insurance through it specialty insurance business. FNT also is a leading provider of outsourced claims management services to large corporate and public sector entities through its minority-owned subsidiary Sedgwick CMS. Fidelity National Financial Inc. has a market cap of $1.92 billion; its shares were traded at around $9.09 with P/S ratio of 0.42. The dividend yield of Fidelity National Financial Inc. stocks is 13.32%.
Added: Huntington Bancshares Inc. (HBAN)
Charles Brandes added to his holdings in Huntington Bancshares Inc. by 46.67%. His purchase prices were between $5.4 and $12.75, with an estimated average price of $7.8. The impact to his portfolio due to this purchase was 0.01%. His holdings were 859,990 shares as of 09/30/2008.
Huntington Bancshares is a multi-state bank holding company. Its subsidiaries conduct a full-service commercial and consumer bankingbusiness engage in mortgage banking lease financing trust services discount brokerage services underwriting credit life and disability insurance selling other insurance products and issuing commercial paper guaranteed by Huntington and providing other financial products and services. Huntington Bancshares Inc. has a market cap of $2.99 billion; its shares were traded at around $7.91 with a P/E ratio of 30.49 and P/S ratio of 1.85. The dividend yield of Huntington Bancshares Inc. stocks is 5.61%.
Added: LandAmerica Financial Group Inc. (LFG)
Charles Brandes added to his holdings in LandAmerica Financial Group Inc. by 47.15%. His purchase prices were between $11.66 and $23.63, with an estimated average price of $17.9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 182,295 shares as of 09/30/2008.
LandAmerica Financial Group Inc. through its principal subsidiary Lawyers Title Insurance Corporation is engaged primarily in the title insurance business through its network of branches service offices subsidiaries and agencies. In addition to writing title insurance in some states Lawyers Title furnishes certificates of title and abstracts of title. Lawyers Title also offers a closing protection letter to lenders and owners who purchase title insurance and in some areas it also serves as an escrow agent in closing real estate transactions. LandAmerica Financial Group Inc. has a market cap of $86.05 million; its shares were traded at around $5.5 with P/S ratio of 0.03. The dividend yield of LandAmerica Financial Group Inc. stocks is 2.03%.
Added: Avis Budget Group Inc. (CAR)
Charles Brandes added to his holdings in Avis Budget Group Inc. by 215.9%. The impact to his portfolio due to this purchase was 0.01%. His holdings were 979,173 shares as of 09/30/2008.
Avis Budget Group Inc. is a leading provider of vehicle rental services with operations in more than seventy countries. Through its Avis and Budget brands the company is the largest general-use vehicle rental company in each of North America Australia New Zealand and certain other regions. Avis Budget Group is headquartered in Parsippany N.J. Avis is a leading supplier to the premium commercial and leisure segments of the travel industry and Budget is a leading supplier to price-conscious car rental segments. Avis Budget Group maintains the leading share of airport car rental revenue and we operate the second largest consumer truck rental business in the United States. The company generate significant benefits from operating two distinctive car rental brands targeting different market segments but share the same fleet maintenance facilities technology and administrative infrastructure Avis Budget Group Inc. has a market cap of $111.47 million; its shares were traded at around $1.12 with P/S ratio of 0.02.
Added: Valassis Communications Inc. (VCI)
Charles Brandes added to his holdings in Valassis Communications Inc. by 216.17%. His purchase prices were between $8.1 and $13.05, with an estimated average price of $9.6. The impact to his portfolio due to this purchase was 0.01%. His holdings were 196,625 shares as of 09/30/2008.
Valassis Communications offers a wide range of marketing services to consumer packaged goods manufacturers retailers technology companies and other customers with operations in the United States Europe Mexico and Canada. Valassis is an innovative integrated marketing solutions company focused on customers in a broad range of industries. Valassis is the only company that provides a combination of home-delivered media products and services at the market neighborhood and household targeted levels and can integrate all three levels of targeting into a single solution. As a leader in invited media Valassis is poised to take advantage of a number of positive macro trends. Valassis Communications Inc. has a market cap of $61.28 million; its shares were traded at around $1.24 with a P/E ratio of 1.75 and P/S ratio of 0.02.
Added: BankAtlantic Bancorp Inc. (BBX)
Charles Brandes added to his holdings in BankAtlantic Bancorp Inc. by 25.55%. His purchase prices were between $5.97 and $10.44, with an estimated average price of $8.2. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 146,416 shares as of 09/30/2008.
BankAtlantic is a fed.-charteredfed.-insured savings bank which provides traditional retail banking services & a full range of commercial banking products & related financial services.The principal business of BankAtlantic is attracting checking & savings deposits from the public & general business customers & using these deposits to originate commercial real estate & business loansres. real estate loans & consumer loansto purchase wholesale res. loans from 3rd parties & to make other permitted investments. BankAtlantic Bancorp Inc. has a market cap of $44.47 million; its shares were traded at around $4.19 with P/S ratio of 0.25. The dividend yield of BankAtlantic Bancorp Inc. stocks is 1.62%.
Added: Pilgrim's Pride Corp. (PPC)
Charles Brandes added to his holdings in Pilgrim's Pride Corp. by 129.59%. His purchase prices were between $3.55 and $17.71, with an estimated average price of $13.3. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 472,342 shares as of 09/30/2008.
Pilgrim's Pride Corporation is one of the largest producers ofprepared and fresh chicken products in North America and has one of thebest known brand names in the chicken industry. Through vertical integration they control the breeding hatching and growing of chickens and the processing preparation packaging and sale of their product lines. Pilgrim's Pride Corp. has a market cap of $31.10 million; its shares were traded at around $0.38 . The dividend yield of Pilgrim's Pride Corp. stocks is 8.26%.
Added: King Pharmaceuticals Inc. (KG)
Charles Brandes added to his holdings in King Pharmaceuticals Inc. by 30.61%. His purchase prices were between $9.76 and $12.19, with an estimated average price of $11.1. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 272,019 shares as of 09/30/2008.
King Pharmaceuticals Inc. is a vertically integrated pharmaceutical company that manufactures markets and sells primarily branded prescription pharmaceutical products. Through a national sales force they market their branded pharmaceutical products to general/family practitioners internal medicine physicians cardiologists endocrinologists pediatricians and hospitals across the country. King Pharmaceuticals Inc. has a market cap of $2.47 billion; its shares were traded at around $10.03 with a P/E ratio of 9.51 and P/S ratio of 1.41.
Added: Tuesday Morning Corp. (TUES)
Charles Brandes added to his holdings in Tuesday Morning Corp. by 34.56%. His purchase prices were between $3.17 and $5.1, with an estimated average price of $4.2. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 845,450 shares as of 09/30/2008.
Tuesday Morning Corp. is a closeout retailer of upscale home furnishings gifts and related items in the U.S. They operate their stores during eight annual ``sales events`` while closing them for the remaining weeks of the year. They specialize in first quality brand name merchandise such as Ralph Lauren bed linens Waterman pens Limoges hand-decorated boxes Steinbach collectible nutcrackers Steiff stuffed animals Royal Dalton china and giftware Farberware cookware Martex bathtowels Samsonite luggage Spode china Madame Alexander dolls and many others. Tuesday Morning Corp. has a market cap of $64.29 million; its shares were traded at around $1.47 with a P/E ratio of 6.93 and P/S ratio of 0.07.
Added: Health Management Associates Inc. (HMA)
Charles Brandes added to his holdings in Health Management Associates Inc. by 22.46%. His purchase prices were between $4.4 and $6.29, with an estimated average price of $5.7. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 522,690 shares as of 09/30/2008.
Health Management Associates Inc. provides a broad range of general acute care health services in non-urban communities. The Company pursues a business strategy of efficiently and profitably operating its existing base of facilities and selectively acquiring additional 100 to 300 bed acute care hospitals located in non-urban communities in market areas of 40000 to 300000 people in the southeastern and southwestern UnitedStates. Health Management Associates Inc. has a market cap of $434.37 million; its shares were traded at around $1.79 with a P/E ratio of 2.64 and P/S ratio of 0.10.
Added: American Axle & Manufacturing Holdings I (AXL)
Charles Brandes added to his holdings in American Axle & Manufacturing Holdings I by 32.92%. His purchase prices were between $4.84 and $7.74, with an estimated average price of $6.3. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 1,071,634 shares as of 09/30/2008.
American Axle & Manufacturing Holdings Inc. is a world leader in the design engineering and manufacture of driveline systems for light trucks and sport utility vehicles. The company's product lines include rear axles independent front four-wheel drive axles all-wheel-drive system components independent rear-drive systems TracRite differentials propeller shafts steering linkages anti-roll systems steering & suspension systems and forged products. (PRESS RELEASE) American Axle & Manufacturing Holdings I has a market cap of $74.82 million; its shares were traded at around $1.44 with P/S ratio of 0.03. The dividend yield of American Axle & Manufacturing Holdings I stocks is 2.23%.
Added: Honda Motor Co. Ltd. (HMC)
Charles Brandes added to his holdings in Honda Motor Co. Ltd. by 64.4%. His purchase prices were between $31.93 and $33.95, with an estimated average price of $32.9. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 87,905 shares as of 09/30/2008.
Honda manufactures a wide range of products including motorcycles ATVs generators marine engines lawn and garden equipment and automobiles. Historically Honda has been a leader in fuel-efficiency and low-emission technology. Honda Motor Co. Ltd. has a market cap of $78.32 billion; its shares were traded at around $20.9 with a P/E ratio of 14.48 and P/S ratio of 0.63. The dividend yield of Honda Motor Co. Ltd. stocks is 0.75%.
New Purchase: XL Capital Ltd (XL)
Charles Brandes initiated holdings in XL Capital Ltd. His purchase prices were between $16.09 and $20.59, with an estimated average price of $19. The impact to his portfolio due to this purchase was 0.65%. His holdings were 9,975,393 shares as of 09/30/2008.
LX Capital Limited through its subsidiaries provides excess liability insurance coverage to industrial commercial and other enterprises directors and officers of such enterprises professional firms high excess property coverage and the assumption of reinsurance contracts on a worldwide basis. The company's strategy is to be the premier provider of strategic financial risk solutions to specific global markets by applying intellectual and financial capital to assure its customers' economic vitality and enhance their competitive positions. XL Capital Ltd has a market cap of $2.06 billion; its shares were traded at around $6.07 with P/S ratio of 0.25. The dividend yield of XL Capital Ltd stocks is 7.84%.
New Purchase: Flextronics International Ltd. (FLEX)
Charles Brandes initiated holdings in Flextronics International Ltd.. His purchase prices were between $7.71 and $9.44, with an estimated average price of $8.8. The impact to his portfolio due to this purchase was 0.39%. His holdings were 15,139,324 shares as of 09/30/2008.
Flextronic International is a leading provider of advanced electronics manufacturing services to OEMs primarily in the telecommunications and networking consumer electronics and computer industries. The company's strategy is to provide customers with the ability to outsource on a global basis a complete product wherethe company's take responsibility for engineering supply chain management assembly integration test andlogistics management. The company provides complete product design services including electrical and mechanical circuit and layout. Flextronics International Ltd. has a market cap of $2.5 billion; its shares were traded at around $3.12 with P/S ratio of 0.07.
New Purchase: Texas Instruments Inc. (TXN)
Charles Brandes initiated holdings in Texas Instruments Inc.. His purchase prices were between $22.02 and $28.54, with an estimated average price of $24.7. The impact to his portfolio due to this purchase was 0.36%. His holdings were 4,591,512 shares as of 09/30/2008.
Texas Instruments Inc. is a global semiconductor company and one of the world's leading designers and suppliers of digital signal processors and analog integrated circuits the engines driving the digitization of electronics. These two types of semiconductor products work together in digital electronic devices such as digital cellular phones. Other semiconductor products include standard logic application- specific integrated circuits reduced instruction-set computing microprocessors microcontrollers and digital imaging devices. Texas Instruments Inc. has a market cap of $21.83 billion; its shares were traded at around $16.36 with a P/E ratio of 8.86 and P/S ratio of 1.56. The dividend yield of Texas Instruments Inc. stocks is 2.25%.
New Purchase: Nokia Corp. (NOK)
Charles Brandes initiated holdings in Nokia Corp.. His purchase prices were between $19.68 and $28.13, with an estimated average price of $24.6. The impact to his portfolio due to this purchase was 0.14%. His holdings were 2,074,063 shares as of 09/30/2008.
Nokia is the world leader in mobile communications. Backed by its experience innovation user-friendliness and secure solutions the company has become the leading supplier of mobile phones and a leading supplier of mobile fixed and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges. Nokia Corp. has a market cap of $48.72 billion; its shares were traded at around $12.72 with a P/E ratio of 7.66 and P/S ratio of 0.70. The dividend yield of Nokia Corp. stocks is 3.96%.
New Purchase: Canon Inc. (CAJ)
Charles Brandes initiated holdings in Canon Inc.. His purchase prices were between $39.61 and $49.25, with an estimated average price of $45.1. The impact to his portfolio due to this purchase was 0.07%. His holdings were 484,570 shares as of 09/30/2008.
Canon Inc. is an industry leader in professional and consumer imaging equipment and information systems. Canon's extensive product line enables businesses and consumers worldwide to capture store and distribute visual information. Canon products include full-color as well as black and white copiers; color laser printers; facsimile machines; micrographics and optical disk filing systems; word processors typewriters and calculators; camcorders and lenses; semiconductor broadcast and optical equipment; and other specialized industrial products. Canon Inc. has a market cap of $37.89 billion; its shares were traded at around $29.66 with a P/E ratio of 8.72 and P/S ratio of 0.84. The dividend yield of Canon Inc. stocks is 1.62%.
New Purchase: Eli Lilly and Company (LLY)
Charles Brandes initiated holdings in Eli Lilly and Company. His purchase prices were between $44.81 and $48.11, with an estimated average price of $46.4. The impact to his portfolio due to this purchase was 0.04%. His holdings were 225,343 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 $37.23 billion; its shares were traded at around $31.99 with a P/E ratio of 14.85 and P/S ratio of 1.79. The dividend yield of Eli Lilly and Company stocks is 5.56%.
New Purchase: Office Depot Inc. (ODP)
Charles Brandes initiated holdings in Office Depot Inc.. His purchase prices were between $5.68 and $10.81, with an estimated average price of $7.1. The impact to his portfolio due to this purchase was 0.04%. His holdings were 1,822,920 shares as of 09/30/2008.
Office Depot Inc. together with its subsidiaries is the one of the largest suppliers of office products and services in the world. The company sells to consumers and businesses of all sizes through its three business segments: Stores Business Services and International. As the largest seller of office products around the world the Company operates under the Office Depot Viking Office Products Viking Direct and 4Sure.com brand names. Office Depot Inc. has a market cap of $533.28 million; its shares were traded at around $1.8 with a P/E ratio of 6.71 and P/S ratio of 0.03.
New Purchase: Huntsman Corp. (HUN)
Charles Brandes initiated holdings in Huntsman Corp.. His purchase prices were between $8.61 and $14.13, with an estimated average price of $12.5. The impact to his portfolio due to this purchase was 0.03%. His holdings were 622,286 shares as of 09/30/2008.
Huntsman Corporation is among the world's largest global manufacturers of differentiated and commodity chemical products for a variety of industrial and consumer applications. Huntsman Corp. has a market cap of $2.08 billion; its shares were traded at around $8.97 with a P/E ratio of 164.44 and P/S ratio of 0.20. The dividend yield of Huntsman Corp. stocks is 3.96%.
New Purchase: The First American Corp. (FAF)
Charles Brandes initiated holdings in The First American Corp.. His purchase prices were between $22.88 and $33.46, with an estimated average price of $26. The impact to his portfolio due to this purchase was 0.03%. His holdings were 311,187 shares as of 09/30/2008.
The First American Corp. is the nation's leading provider of business information and related products and services. The company's three business segments include: title insurance and services; real estate information and services which includes mortgage information services and database information and services; and consumer information and services which provides warranties; property insurance; property and automotive insurance tracking services; resident screening; pre-employment screening; investment advisory; and trust and banking services. (PRESS RELEASE) The First American Corp. has a market cap of $1.81 billion; its shares were traded at around $19.33 with P/S ratio of 0.27. The dividend yield of The First American Corp. stocks is 4.31%.
New Purchase: Syneron Medical Ltd. (ELOS)
Charles Brandes initiated holdings in Syneron Medical Ltd.. His purchase prices were between $13.63 and $16.51, with an estimated average price of $15.1. The impact to his portfolio due to this purchase was 0.03%. His holdings were 487,440 shares as of 09/30/2008.
Syneron Medical Ltd. manufactures and distributes medical aesthetic devices that are powered by the proprietary patented ELOS combined-energy technology of Bi-Polar Radio Frequency and Light. The Company's innovative ELOS technology provides the foundation for highly effective safe and cost-effective systems that enable physicians to provide advanced solutions for a broad range of medical-aesthetic applications. Syneron Medical Ltd. has a market cap of $217.90 million; its shares were traded at around $7.98 with a P/E ratio of 6.96 and P/S ratio of 1.52.
New Purchase: Zions Ban Corp. (ZION)
Charles Brandes initiated holdings in Zions Ban Corp.. His purchase prices were between $24.75 and $52.39, with an estimated average price of $31.5. The impact to his portfolio due to this purchase was 0.02%. His holdings were 133,975 shares as of 09/30/2008.
Zions Bancorporation is a multi-bank holding company. Zions focuses on maintaining community-minded banking by strengthening its core business lines of retail banking small and medium-sized business lending residential mortgage and investment activities. The banks provide a wide variety of commercial and retail banking and mortgage-lending financial services. Commercial loans lease financing cash management lockbox customized draft processing and other special financial services are provided for business and other commercial banking customers. Zions Ban Corp. has a market cap of $3.88 billion; its shares were traded at around $32.14 with a P/E ratio of 14.47 and P/S ratio of 1.90. The dividend yield of Zions Ban Corp. stocks is 4.51%.
New Purchase: Lennar Corp. (LEN-B)
Charles Brandes initiated holdings in Lennar Corp.. His purchase prices were between $9.06 and $14.27, with an estimated average price of $11. The impact to his portfolio due to this purchase was 0.01%. His holdings were 303,290 shares as of 09/30/2008.
Lennar Corp is one of the nation's leading builders of quality homes for all generations building affordable move-up and retirement homes. Under the Lennar Family of Builders banner the Company includes the following brand names: Lennar Homes U.S. Home Greystone Homes Village Builders Renaissance Homes Orrin Thompson Homes Lundgren Bros. Winncrest Homes Sunstar Communities Don Galloway Homes Patriot Homes NuHome Barry Andrews Homes Concord Homes Summit Homes Cambridge Homes Seppala Homes Genesee and Rutenberg Homes. Lennar Corp. has a market cap of $ million; its shares were traded at around $4.57 . The dividend yield of Lennar Corp. stocks is 2.71%.
New Purchase: LouisianaPacific Corp. (LPX)
Charles Brandes initiated holdings in LouisianaPacific Corp.. His purchase prices were between $7.64 and $11.33, with an estimated average price of $9.6. The impact to his portfolio due to this purchase was 0.01%. His holdings were 311,010 shares as of 09/30/2008.
Louisiana-Pacific Corp. is a major building products firm operating facilities in the United States Canada and Ireland. The company divides its businesses into the following business segments: Structural Products; Exterior Products; Industrial Panel Products; Other Products; and Pulp. With the exception of pulp L-P's products are used primarily in new home construction repair remodeling and manufactured housing. L-P distributes its building products primarily through third-party distributors and home centers. LouisianaPacific Corp. has a market cap of $185.93 million; its shares were traded at around $1.75 with P/S ratio of 0.12.
New Purchase: Washington Mutual Inc. (WAMUQ.PK)
Charles Brandes initiated holdings in Washington Mutual Inc.. The impact to his portfolio due to this purchase was 0.01%. His holdings were 19,466,279 shares as of 09/30/2008.
Washington Mutual Inc. is engaged in consumer banking mortgage banking commercial banking financial services and consumer finance. The companyconducts its business operations through its subsidiaries. The company's principal banking subsidiaries are Washington Mutual Bank FA Washington Mutual Bank and Washington Mutual Bank fsb. Its other principal subsidiaries are Washington Mutual Finance Corporation Long Beach Mortgage Company and WM Financial Services Inc. Washington Mutual Inc. has a market cap of $109.61 million; its shares were traded at around $0.16 with P/S ratio of 0.07. The dividend yield of Washington Mutual Inc. stocks is 24.94%.
New Purchase: J.C. Penney Company Inc. (JCP)
Charles Brandes initiated holdings in J.C. Penney Company Inc.. His purchase prices were between $29.99 and $41.14, with an estimated average price of $35.8. The impact to his portfolio due to this purchase was 0.01%. His holdings were 79,989 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 $4.03 billion; its shares were traded at around $18.57 with a P/E ratio of 4.36 and P/S ratio of 0.21. The dividend yield of J.C. Penney Company Inc. stocks is 3.34%.
New Purchase: Sierra Pacific Resources (SRP)
Charles Brandes initiated holdings in Sierra Pacific Resources. His purchase prices were between $9.77 and $12.32, with an estimated average price of $11.1. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 29,240 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 $2.09 billion; its shares were traded at around $8.78 with a P/E ratio of 9.63 and P/S ratio of 0.58. The dividend yield of Sierra Pacific Resources stocks is 3.86%.
New Purchase: Royal Caribbean Cruises Ltd. (RCL)
Charles Brandes initiated holdings in Royal Caribbean Cruises Ltd.. 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 less than 0.01%. His holdings were 49,980 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 $2.4 billion; its shares were traded at around $11.01 with a P/E ratio of 3.74 and P/S ratio of 0.36. The dividend yield of Royal Caribbean Cruises Ltd. stocks is 4.42%.
New Purchase: NOVA Chemicals Corp. (NCX)
Charles Brandes initiated holdings in NOVA Chemicals Corp.. His purchase prices were between $23.62 and $28.58, with an estimated average price of $25.7. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 23,000 shares as of 09/30/2008.
Nova Chemicals Corporation is a focused commodity chemicals company that produces olefins/polyolefins and styrenics. The company manufactures and markets ethylene polyethylene styrene polystyrene and expandable polystyrene. (Press Release) NOVA Chemicals Corp. has a market cap of $799.17 million; its shares were traded at around $9.59 with a P/E ratio of 2.74 and P/S ratio of 0.10. The dividend yield of NOVA Chemicals Corp. stocks is 2.86%.
New Purchase: Sierra Wireless Inc. (SWIR)
Charles Brandes initiated holdings in Sierra Wireless Inc.. His purchase prices were between $9.92 and $15.12, with an estimated average price of $12.5. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 51,500 shares as of 09/30/2008.
Sierra Wireless Inc. is a leading provider of wireless data communications products. The company delivers wireless PC Cards for portable computers wireless adapters for PDA's OEM modules forembedded applications and rugged vehicle-mounted wireless systems.The company is the founding member of the WirelessReady Alliance an alliance of industry-leading hardware software and service companies committed to the delivery of complete and compelling wireless data solutions. Sierra Wireless Inc. has a market cap of $248.52 million; its shares were traded at around $8.06 with a P/E ratio of 6.41 and P/S ratio of 0.44.
New Purchase: Pacific Sunwear of California Inc. (PSUN)
Charles Brandes initiated holdings in Pacific Sunwear of California Inc.. His purchase prices were between $5.8 and $8.75, with an estimated average price of $7.5. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 71,585 shares as of 09/30/2008.
Pacific Sunwear of CA Inc. and its wholly-owned subsidiaries is a leading specialty retailer of everyday casual apparel accessories and footwear designed to meet the needs of active teens and young adults. The company operates three nationwide primarily mall-based chains of retail stores under the names ``Pacific Sunwear`` (as well as ``PacSun``) ``Pacific Sunwear (PacSun) Outlet`` and ``d.e.m.o.`` Pacific Sunwear of California Inc. has a market cap of $126.81 million; its shares were traded at around $2.04 with P/S ratio of 0.09.
New Purchase: United Microelectronics Corp. (UMC)
Charles Brandes initiated holdings in United Microelectronics Corp.. His purchase prices were between $1.8 and $2.64, with an estimated average price of $2.3. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 128,070 shares as of 09/30/2008.
UMC specializes in providing foundry services for high performancesemiconductor applications. Its core competency lies in its abilityto produce high yield Integrated Circuit wafers manufactured on a per-customer basis. The company draws its distinction from industryleading technology. In addition to wafer manufacturing its customers benefit from services such as extensive IP resources free-of-charge design libraries and full front-end and backend support. United Microelectronics Corp. has a market cap of $5.17 billion; its shares were traded at around $1.84 with a P/E ratio of 49.75 and P/S ratio of 1.92. The dividend yield of United Microelectronics Corp. stocks is 3.05%.
Reduced: BearingPoint Inc. (BE)
Charles Brandes reduced to his holdings in BearingPoint Inc. by 45%. His sale prices were between $0.63 and $1.18, with an estimated average price of $0.9. The impact to his portfolio due to this sale was less than 0.01%. Charles Brandes still held 1,355,007 shares as of 09/30/2008.
BearingPoint is one of the world's largest business consulting and systems integration firms dedicated to aligning business and systems to empower Global 2000 companies and government organizations. Providing business and technology strategy systems design and architecture applications implementation network infrastructure and managed services BearingPoint's 16000 employees worldwide help clients deploy business systems to access information on a timely basis empowering them to create value in their enterprises. BearingPoint Inc. has a market cap of $17.66 million; its shares were traded at around $0.07 .
Reduced: Nelnet Inc. (NNI)
Charles Brandes reduced to his holdings in Nelnet Inc. by 69.28%. His sale prices were between $10.18 and $15.85, with an estimated average price of $13.2. The impact to his portfolio due to this sale was less than 0.01%. Charles Brandes still held 68,435 shares as of 09/30/2008.
Nelnet Inc is an educational finance companies and is focused on providing quality student loan products and services to students and schools nationwide. Nelnet offers a broad range of student loan and financial services and technology-based products including student loan origination and lending guarantee servicing and a suite of software solutions. Their products are designed to simplify the student loan process by automating financial aid delivery loan processing and funds disbursement. Nelnet Inc. has a market cap of $569.46 million; its shares were traded at around $10.96 with a P/E ratio of 34.06 and P/S ratio of 1.12.
Reduced: Stewart Information Services Corp. (STC)
Charles Brandes reduced to his holdings in Stewart Information Services Corp. by 37.42%. His sale prices were between $16.83 and $28.99, with an estimated average price of $21.2. The impact to his portfolio due to this sale was less than 0.01%. Charles Brandes still held 32,300 shares as of 09/30/2008.
Stewart Information Services Corporation's primary business is title insurance. Stewart issues policies through issuing locations on homes and other real property located in all 50 states the District of Columbia and several foreign countries. Stewart also sells computer-related services and information as well as mapping products and geographic information systems to domestic and foreign governments and private entities. Stewart Information Services Corp. has a market cap of $206.96 million; its shares were traded at around $11.27 with P/S ratio of 0.12. The dividend yield of Stewart Information Services Corp. stocks is 4.52%.
Reduced: Meritage Homes Corp. (MTH)
Charles Brandes reduced to his holdings in Meritage Homes Corp. by 76.06%. His sale prices were between $12.77 and $26.07, with an estimated average price of $20.6. The impact to his portfolio due to this sale was less than 0.01%. Charles Brandes still held 54,070 shares as of 09/30/2008.
Meritage Homes Corp. is one of the nation's largest single-family homebuilders. Meritage Homes Corp. has a market cap of $302.94 million; its shares were traded at around $10.57 with P/S ratio of 0.19.
Reduced: Tecumseh Products Company (TECUB)
Charles Brandes reduced to his holdings in Tecumseh Products Company by 57.11%. His sale prices were between $22.27 and $31.03, with an estimated average price of $26.7. The impact to his portfolio due to this sale was less than 0.01%. Charles Brandes still held 16,924 shares as of 09/30/2008.
Tecumseh Products Company is a full-line independent manufacturer of hermetic compressors for air conditioning and refrigeration products. In addition they manufacture engines and power train components transmissions transaxles and differentials for lawn and garden applications and recreational vehicles. They also manufacture centrifugal pumps sump pumps and small submersible pumps for industrial commercial agricultural and marine applications. Tecumseh Products Company has a market cap of $ million; its shares were traded at around $10.2 .
Reduced: The Talbots Inc. (TLB)
Charles Brandes reduced to his holdings in The Talbots Inc. by 86.05%. His sale prices were between $10.16 and $15.26, with an estimated average price of $12.7. The impact to his portfolio due to this sale was -0.01%. Charles Brandes still held 135,815 shares as of 09/30/2008.
Talbots is a leading specialty retailer and cataloger of women's classic apparel. Its private label collection includes high-quality sportswear versatile career separates casual wear and special occasion classics. A complementary selection of shoes and accessories provides customers with head-to-toe wardrobing. The company also offers infants and children's clothing for both girls and boys. Talbots serves a well-defined customer niche. The company's customer is well-educated active in her community and socially and culturally aware. The Talbots Inc. has a market cap of $213.12 million; its shares were traded at around $4.2 with P/S ratio of 0.11. The dividend yield of The Talbots Inc. stocks is 5.3%.
Reduced: LaZBoy Inc. (LZB)
Charles Brandes reduced to his holdings in LaZBoy Inc. by 63.2%. His sale prices were between $6.44 and $11.29, with an estimated average price of $8.1. The impact to his portfolio due to this sale was -0.01%. Charles Brandes still held 265,856 shares as of 09/30/2008.
La-Z-Boy is the third largest furniture maker in the U.S. the largestreclining-chair manufacturer in the world and America's largest manufacturer of upholstered furniture. LaZBoy Inc. has a market cap of $237.08 million; its shares were traded at around $4.81 with P/S ratio of 0.17. The dividend yield of LaZBoy Inc. stocks is 2.77%.
Reduced: Vitran Corp. Inc. (VTNC)
Charles Brandes reduced to his holdings in Vitran Corp. Inc. by 48.34%. His sale prices were between $14.03 and $18.42, with an estimated average price of $16.8. The impact to his portfolio due to this sale was -0.01%. Charles Brandes still held 395,536 shares as of 09/30/2008.
Vitran Corporation Inc. is a North American group of transportation companies offering less-than-truckload logistics truckload and freight brokerage services. Vitran Corp. Inc. has a market cap of $ million; its shares were traded at around $7.17 .
Reduced: Westlake Chemical Corp. (WLK)
Charles Brandes reduced to his holdings in Westlake Chemical Corp. by 27.29%. His sale prices were between $13.45 and $21.74, with an estimated average price of $18.2. The impact to his portfolio due to this sale was -0.02%. Charles Brandes still held 787,657 shares as of 09/30/2008.
Westlake Chemical Corporation is a vertically integrated international manufacturer and supplier of petrochemicals polymers and fabricated products. The company's range of products includes ethylene polyethylene styrene vinyl intermediates PVC PVC Pipe PVC windows fence and decking components. Westlake Chemical Corp. has a market cap of $957.25 million; its shares were traded at around $14.63 with a P/E ratio of 9.64 and P/S ratio of 0.24. The dividend yield of Westlake Chemical Corp. stocks is 1.15%.
Reduced: Popular Inc. (BPOP)
Charles Brandes reduced to his holdings in Popular Inc. by 23.2%. His sale prices were between $5.87 and $11.17, with an estimated average price of $7.6. The impact to his portfolio due to this sale was -0.02%. Charles Brandes still held 3,209,956 shares as of 09/30/2008.
Popular Inc. is a diversified publicly owned bank holding company. The corporation's principal subsidiary Banco Popular de Puerto Rico has one of the largest retail franchise in Puerto Rico operating numerous branches and automated teller machines. The Bank also operates branches in the U.S. Virgin Islands the British Virgin Islands and New York. Popular Inc. has a market cap of $1.63 billion; its shares were traded at around $5.97 with P/S ratio of 1.37. The dividend yield of Popular Inc. stocks is 4.21%.
Reduced: Magyar Telekom Telecommunications PLC (MTA)
Charles Brandes reduced to his holdings in Magyar Telekom Telecommunications PLC by 24.57%. His sale prices were between $23.65 and $27.08, with an estimated average price of $25.4. The impact to his portfolio due to this sale was -0.02%. Charles Brandes still held 827,804 shares as of 09/30/2008.
The Magyar Telekom Group covers three business areas through its activities: consumer services in wireline and mobile communications business services provided to corporate customers and the alternative businesses comprising content media and other non-access services. Magyar Telekom's management structure in line with the Group's operational model structured around customer segments is based on three business units and the technology area managing the networks and IT infrastructure. The Group Headquarters is managing the tasks of the functional areas (financial HR strategy regulatory communications internal audit security legal) covering the entire Group. Magyar Telekom Telecommunications PLC has a market cap of $2.74 billion; its shares were traded at around $12.95 with a P/E ratio of 7.38 and P/S ratio of 0.85. The dividend yield of Magyar Telekom Telecommunications PLC stocks is 14.96%.
Reduced: Banco Latinoamericano de Exportaciones S (BLX)
Charles Brandes reduced to his holdings in Banco Latinoamericano de Exportaciones S by 27.78%. His sale prices were between $14.58 and $18.57, with an estimated average price of $16.9. The impact to his portfolio due to this sale was -0.03%. Charles Brandes still held 2,322,339 shares as of 09/30/2008.
Banco Latinoamericano de Exportaciones S.A. was established to finance the foreign trade of the countries in the Latin American and Caribbean region. The Bank focuses on short-term trade-related loans to borrowers who then loan the funds to various businesses and govermnent institutions involved in foreign trade. Banco Latinoamericano de Exportaciones S has a market cap of $368.13 million; its shares were traded at around $9.75 with a P/E ratio of 4.91 and P/S ratio of 3.11. The dividend yield of Banco Latinoamericano de Exportaciones S stocks is 8.28%.
Reduced: Telecomunicaes Brasileiras S.A.Telebras (TBH)
Charles Brandes reduced to his holdings in Telecomunicaes Brasileiras S.A.Telebras by 89.21%. His sale prices were between $13.47 and $20.69, with an estimated average price of $17.4. The impact to his portfolio due to this sale was -0.05%. Charles Brandes still held 1,165,948 shares as of 09/30/2008.
Telecomunicaes Brasileiras S.A.Telebras has a market cap of $4.76 billion; its shares were traded at around $8.25 . The dividend yield of Telecomunicaes Brasileiras S.A.Telebras stocks is 10.23%.
Reduced: Novartis AG (NVS)
Charles Brandes reduced to his holdings in Novartis AG by 58.53%. His sale prices were between $53.12 and $59.3, with an estimated average price of $56.2. The impact to his portfolio due to this sale was -0.13%. Charles Brandes still held 1,168,366 shares as of 09/30/2008.
Novartis AG is committed to improving health and well-being through innovative products and services. The company aspires to capture and hold a leadership position in all of their businesses with a strong sustainable performance based on continuous innovation. Their long-term success is founded on meeting the expectations of all our stakeholders - their customers their people their shareholders and the communities in which they live and work. Novartis AG has a market cap of $109.12 billion; its shares were traded at around $47.75 with a P/E ratio of 14.56 and P/S ratio of 2.55. The dividend yield of Novartis AG stocks is 2.56%.
Reduced: Marsh & McLennan Companies Inc. (MMC)
Charles Brandes reduced to his holdings in Marsh & McLennan Companies Inc. by 83.53%. His sale prices were between $26.36 and $33.33, with an estimated average price of $30.4. The impact to his portfolio due to this sale was -0.28%. Charles Brandes still held 2,964,976 shares as of 09/30/2008.
Marsh & McLennan is primarily a holding company which through its subsidiaries and affiliates provides clients with analysis advice and transactional capabilities in the fields of risk and insurance services investment management and consulting. MMC Enterprise Risk provides advanced risk consulting services and transactional solutions on enterprise. MMC CAPITAL is a global private equity firm that invests in industries where MMC possesses specialized knowledge and proprietary deal flow. Marsh & McLennan Companies Inc. has a market cap of $11.96 billion; its shares were traded at around $22.93 with P/S ratio of 0.98. The dividend yield of Marsh & McLennan Companies Inc. stocks is 2.73%.
Reduced: Hitachi Ltd. (HIT)
Charles Brandes reduced to his holdings in Hitachi Ltd. by 53.99%. His sale prices were between $68.11 and $74.56, with an estimated average price of $72.1. The impact to his portfolio due to this sale was -0.38%. Charles Brandes still held 2,787,108 shares as of 09/30/2008.
Hitachi Ltd. headquartered in Tokyo is one of the world's leading global electronics companies. They manufacture and market a wide range of products including computers semiconductors consumer products and power and industrial equipment. Hitachi Ltd. has a market cap of $15.48 billion; its shares were traded at around $45.81 with P/S ratio of 0.13. The dividend yield of Hitachi Ltd. stocks is 1.04%.
Reduced: AstraZeneca PLC (AZN)
Charles Brandes reduced to his holdings in AstraZeneca PLC by 23.67%. His sale prices were between $44.74 and $49.36, with an estimated average price of $46.8. The impact to his portfolio due to this sale was -0.42%. Charles Brandes still held 11,134,501 shares as of 09/30/2008.
AstraZeneca PLC is one of the top five pharmaceutical companies in the world based on sales and is a therapeutic leader in cardiovascular gastrointestinal oncology anesthesia including pain management central nervous system (CNS) and respiratory products. They are engaged in the research development manufacture and marketing of ethical (prescription) pharmaceuticals and agricultural products and the supply of healthcare services. AstraZeneca PLC has a market cap of $60.79 billion; its shares were traded at around $41.32 with a P/E ratio of 10.00 and P/S ratio of 1.89. The dividend yield of AstraZeneca PLC stocks is 4.47%.
Reduced: Amgen Inc. (AMGN)
Charles Brandes reduced to his holdings in Amgen Inc. by 84.72%. 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 -0.47%. Charles Brandes still held 2,540,714 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 $60.51 billion; its shares were traded at around $55.47 with a P/E ratio of 15.19 and P/S ratio of 3.92.
Reduced: Nippon Telegraph and Telephone Corp. (NTT)
Charles Brandes reduced to his holdings in Nippon Telegraph and Telephone Corp. by 25.07%. His sale prices were between $22.9 and $25.63, with an estimated average price of $24.1. The impact to his portfolio due to this sale was -0.57%. Charles Brandes still held 27,824,679 shares as of 09/30/2008.
Nippon Telegraph & Telephone provides a variety of telecommunications services including telephone telegraph leased circuits data communication terminal equipment sales and other services. The Company provides both local and long distance telephone services within Japan but it does not provide service in the international markets. Nippon Telegraph and Telephone Corp. has a market cap of $30.5 billion; its shares were traded at around $22.14 with a P/E ratio of 4.54 and P/S ratio of 0.28. The dividend yield of Nippon Telegraph and Telephone Corp. stocks is 0.98%.
Sold Out: Telecom Italia S.p.A. ADSs (TI)
Charles Brandes sold out his holdings in Telecom Italia S.p.A. ADSs. His sale prices were between $15 and $20.63, with an estimated average price of $17.4. The impact to his portfolio due to this sale was less than 0.01%.
Texas Instruments Incorporated is a global semiconductor company and the world's leading designer and supplier of digital signal processing solutions the engines driving the digitization of electronics. Texas Instruments provides innovative DSP and mixed signal/analogtechnologies to customers in the wireless communications networking Internet consumer digital motor control and mass storage markets. The company's businesses also include materials and controls educational and productivity solutions and digital imaging. (Press Release) Telecom Italia S.p.A. ADSs has a market cap of $ million; its shares were traded at around $11.8 . The dividend yield of Telecom Italia S.p.A. ADSs stocks is 8.01%.
Sold Out: PolyOne Corp. (POL)
Charles Brandes sold out his holdings in PolyOne Corp.. His sale prices were between $6.71 and $8.3, with an estimated average price of $7.7. The impact to his portfolio due to this sale was less than 0.01%.
PolyOne Corporation is an international polymer services company with operations in thermoplastic compounds specialty resins specialty polymer formulations engineered films color and additive systems elastomer compounding and thermoplastic resin distribution. PolyOne was formed from the consolidation of the former M.A. Hanna Company and The Geon Company. Information on the Company's products and services can be found at www.polyone.com. PolyOne Corp. has a market cap of $313.66 million; its shares were traded at around $3.31 with a P/E ratio of 18.83 and P/S ratio of 0.11.
Sold Out: PMA Capital Corp. (PMACA)
Charles Brandes sold out his holdings in PMA Capital Corp.. His sale prices were between $9.05 and $10.1, with an estimated average price of $9.7. The impact to his portfolio due to this sale was less than 0.01%.
PMA Capital Corp. is an insurance holding company. The company operates in two principal segments property and casualty reinsurance through PMA Reinsurance Corporation and workers' compensation and standard property and casualty primary insurance. PMA Re emphasizes risk-exposed excess of loss reinsurance and operates in the domestic brokered market. The Property and Casualty Group offers workers' compensation products and services and certain other standard lines of commercial insurance. PMA Capital Corp. has a market cap of $163.02 million; its shares were traded at around $5.02 with P/S ratio of 0.34.
Sold Out: Downey Financial Corp. (DSL)
Charles Brandes sold out his holdings in Downey Financial Corp.. His sale prices were between $1.47 and $3.1, with an estimated average price of $2.3. The impact to his portfolio due to this sale was less than 0.01%.
Downey Financial Corporation was formed as a California-licensed savings and loan association and converted to a federal charter in 1995. It conducts its business through retail deposit branches including full-service in-store branches. Residential loans are originated by residential loan officers who work out of the Bank's California retail deposit branches. Residential loan officers also originate residential loans through the Internet from two California call centers. Downey Financial Corp. has a market cap of $12.62 million; its shares were traded at around $0.46 . The dividend yield of Downey Financial Corp. stocks is 2.5%.
Sold Out: First BanCorp. (FBP)
Charles Brandes sold out his holdings in First BanCorp.. His sale prices were between $6.01 and $12, with an estimated average price of $9.1. The impact to his portfolio due to this sale was less than 0.01%.
First Bancorp distinguished itself by providing innovative marketing strategies and novel products to attract clients. Besides the branches and lending offices the Corporation has offered a telephone information service called `Telebanco` since 1983. This was the first telebanking service offered in Puerto Rico. The Corporation's clients have access to an extensive ATM network all over the world. The Corporation was the first in Puerto Rico to open on weekends and the first to offer in-store branches to its clients. First BanCorp. has a market cap of $836.30 million; its shares were traded at around $8.95 with a P/E ratio of 14.37 and P/S ratio of 2.03. The dividend yield of First BanCorp. stocks is 2.74%.
Sold Out: Adaptec Inc. (ADPT)
Charles Brandes sold out his holdings in Adaptec Inc.. His sale prices were between $3.1 and $4.15, with an estimated average price of $3.7. The impact to his portfolio due to this sale was less than 0.01%.
Adaptec Inc. provides trusted storage solutions that reliably move manage and protect critical data and digital content. Adaptec's software and hardware-based solutions are delivered through leading Original Equipment Manufacturers and channel partners to provide storage connectivity data protection and networked storage to enterprises government organizations medium and small businesses worldwide. Adaptec Inc. has a market cap of $359.56 million; its shares were traded at around $2.89 with a P/E ratio of 37.82 and P/S ratio of 2.25.
Sold Out: Vivo Participacoes S.A. (VIV)
Charles Brandes sold out his holdings in Vivo Participacoes S.A.. His sale prices were between $17.36 and $25.32, with an estimated average price of $21. The impact to his portfolio due to this sale was less than 0.01%.
Vivo Participacoes S.A. has a market cap of $3.67 billion; its shares were traded at around $10.06 with a P/E ratio of 128.21 and P/S ratio of 0.59.
Sold Out: Fannie Mae (FNM)
Charles Brandes sold out his holdings in Fannie Mae. His sale prices were between $0.69 and $18.66, with an estimated average price of $8. The impact to his portfolio due to this sale was less than 0.01%.
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 $677.83 million; its shares were traded at around $0.68 . The dividend yield of Fannie Mae stocks is 21.57%.
Sold Out: Freddie Mac (FRE)
Charles Brandes sold out his holdings in Freddie Mac. His sale prices were between $0.46 and $14.5, with an estimated average price of $5.8. The impact to his portfolio due to this sale was less than 0.01%.
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 $504.35 million; its shares were traded at around $0.75 . The dividend yield of Freddie Mac stocks is 97.09%.
Sold Out: Federal Signal Corp. (FSS)
Charles Brandes sold out his holdings in Federal Signal Corp.. His sale prices were between $11.41 and $15.97, with an estimated average price of $14.2. The impact to his portfolio due to this sale was less than 0.01%.
Federal Signal Corporation is a manufacturer and worldwide supplier of safety signaling and communications equipment hazardous area lighting fire rescue products street sweeping and vacuum loader vehicles parking control equipment custom on-premise signage carbide cutting tools precision punches and related die components. Federal Signal Corp. has a market cap of $331.32 million; its shares were traded at around $6.86 with P/S ratio of 0.25. The dividend yield of Federal Signal Corp. stocks is 2.82%.
Sold Out: H&R Block Inc. (HRB)
Charles Brandes sold out his holdings in H&R Block Inc.. His sale prices were between $21.68 and $25.38, with an estimated average price of $24. The impact to his portfolio due to this sale was less than 0.01%.
H&R Block Inc. is a diversified company involved in tax return preparationelectronic filing of income tax returns and other tax-related services. The Company's subsidiaries also offer investment services through broker-dealers originate purchase service sell and securitize mortgages offer personal productivity software purchase participation interests in refund anticipation loans made by a third-party lender and offer accounting tax and consulting services to business clients. H&R Block Inc. has a market cap of $5.82 billion; its shares were traded at around $17.43 with P/S ratio of 1.31. The dividend yield of H&R Block Inc. stocks is 3.04%.
Sold Out: LSI Corp. (LSI)
Charles Brandes sold out his holdings in LSI Corp.. His sale prices were between $5.73 and $7.65, with an estimated average price of $6.6. The impact to his portfolio due to this sale was less than 0.01%.
LSI Corporation is a leading provider of innovative silicon systems and software technologies that enable products that seamlessly bring people information and digital content together. The company offers a broad portfolio of capabilities and services including custom and standard product ICs adapters systems and software that are trusted by the world's best known brands to power leading solutions in the Storage Networking and Consumer markets. LSI Corp. has a market cap of $2.08 billion; its shares were traded at around $3.14 with P/S ratio of 0.72.
Sold Out: Tele Norte Celular Participaes S.A. (TCN)
Charles Brandes sold out his holdings in Tele Norte Celular Participaes S.A.. His sale prices were between $18.64 and $20.5, with an estimated average price of $19.8. The impact to his portfolio due to this sale was less than 0.01%.
Tele Norte Celular Participaes S.A. has a market cap of $ million; its shares were traded at around $19.9801 . The dividend yield of Tele Norte Celular Participaes S.A. stocks is 2.2%.
Sold Out: Partner Communications Company Ltd. (PTNR)
Charles Brandes sold out his holdings in Partner Communications Company Ltd.. His sale prices were between $18.7 and $23.17, with an estimated average price of $21.4. The impact to his portfolio due to this sale was less than 0.01%.
Partner Communications Company is engaged in the only Global System for Mobile Communications mobile telephone network operator in Israel. Partner Communications Company Ltd. has a market cap of $2.6 billion; its shares were traded at around $16.97 with a P/E ratio of 9.49 and P/S ratio of 1.57. The dividend yield of Partner Communications Company Ltd. stocks is 6.44%.
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