John Hussman has been bearish. He thinks the market is overvalued. He was a net seller in the third quarter. John Hussman is heavily weighted in consumer services and technology. He owns no financials. This is his Q3 portfolio update.
John Hussman buys Ebay Inc., Dollar Tree, Inc., John Wiley & Sons Inc., Corning Inc., Weight Watchers International Inc., sells Bj's Wholesale Club Inc., Lincare Holdings Inc., Southwest Airlines Co., Microchip Technology Inc., Patterson Companies Inc., Pepsico Inc., Sigmaaldrich Corp., Seagate Technology, Vf Corp., Nordstrom Inc., Glaxosmithkline Plc, The Buckle Inc., Corn Products International Inc., Cypress Semiconductor Corp., The Estee Lauder Companies Inc., Emcor Group Inc., Fujifilm Holdings Corp., Global Payments Inc., Genprobe Inc., Zimmer Holdings Inc. during the 3-months ended 09/30/2009, according to the most recent filings of his investment company, Hussman Economtrics Advisors, Inc.. John Hussman owns 130 stocks with a total value of $5.4 billion. These are the details of the buys and sells.
- New Purchases: DLTR, EBAY, GLW, JW-A, WTW,
- Added Positions: AEO, BBBY, BBY, CAKE, CSCO, DRI, MSFT, NFLX, ORCL, PNRA, RCL, RIMM, SYNA, WAG,
- Reduced Positions: ABX, ACL, ADSK, AEM, ALTR, AMGN, AU, AVY, BVN, CTV, DELL, DIS, FXB, FXE, FXY, GG, GOLD, HAS, HON, JNJ, LLY, LPNT, LTD, MDP, MDT, NEM, NVS, PAYX, PETM, PFE, QCOM, RL, WAT, WDC, WMT, XLNX,
- Sold Out: BJ, BKE, CPO, CY, EL, EME, FUJI, GPN, GPRO, GSK, JWN, LNCR, LUV, MCHP, PDCO, PEP, SIAL, STX, VFC, ZMH,
For the details of John Hussman's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=John+Hussman
This is the sector weightings of his portfolio:
Consumer Services |
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Technology |
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Health Care |
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Consumer Goods |
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Industrials |
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Basic Materials |
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Utilities |
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Financials |
These are the top 5 holdings of John Hussman
- AstraZeneca PLC (AZN) - 4,000,000 shares, 3.36% of the total portfolio
- Cisco Systems Inc. (CSCO) - 7,500,000 shares, 3.3% of the total portfolio
- Aeropostale Inc. (ARO) - 4,000,000 shares, 3.25% of the total portfolio
- Research In Motion Ltd. (RIMM) - 2,500,000 shares, 3.15% of the total portfolio
- Best Buy Co. Inc. (BBY) - 4,000,000 shares, 2.8% of the total portfolio
Added: Bed Bath & Beyond Inc. ( BBBY)
John Hussman added to his holdings in Bed Bath & Beyond Inc. by 700%. His purchase prices were between $29.21 and $39.79, with an estimated average price of $35.14. The impact to his portfolio due to this purchase was 1.23%. His holdings were 2,000,000 shares as of 09/30/2009.
Bed Bath & Beyond is a nationwide operator of `superstores` selling predominantly better quality domestics merchandise and home furnishings typically found in better department stores. The Company offers a wide assortment of merchandise at everyday low prices that are substantiallybelow regular department store prices and generally comparable to or belowdepartment store sale prices. The Company's domestics merchandise line includes items such as bed linens bath accessories and kitchen textiles and the company's home furnishings line. Bed Bath & Beyond Inc. has a market cap of $9.53 billion; its shares were traded at around $36.39 with a P/E ratio of 20.8 and P/S ratio of 1.3. Bed Bath & Beyond Inc. had an annual average earning growth of 24.1% over the past 10 years. GuruFocus rated Bed Bath & Beyond Inc. the business predictability rank of 4-star.
Added: Research In Motion Ltd. ( RIMM)
John Hussman added to his holdings in Research In Motion Ltd. by 25%. His purchase prices were between $65.62 and $85.77, with an estimated average price of $74.72. The impact to his portfolio due to this purchase was 0.63%. His holdings were 2,500,000 shares as of 09/30/2009.
RESEARCH IN MOTION is a world leader in the mobile communications market and has a history of developing breakthrough wireless solutions. RIM's portfolio of award-winning products services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry wireless platform the RIM Wireless Handheld product line software development tools radio-modems and software/hardware licensing agreements. Research In Motion Ltd. has a market cap of $31.64 billion; its shares were traded at around $55.74 with a P/E ratio of 14.9 and P/S ratio of 2.9. Research In Motion Ltd. had an annual average earning growth of 83.5% over the past 5 years.
Added: Best Buy Co. Inc. ( BBY)
John Hussman added to his holdings in Best Buy Co. Inc. by 14.29%. His purchase prices were between $31.35 and $41.14, with an estimated average price of $36.88. The impact to his portfolio due to this purchase was 0.35%. His holdings were 4,000,000 shares as of 09/30/2009.
Best Buy operates in a single business segment selling personal computers and other home office products consumer electronics entertainment software major appliances and related accessories principally through its retail stores. They operate retail stores and commercial Websites under the brand names Best Buy Media Play On Cue Sam Goody Suncoast Magnolia Hi-Fi and Future Shop. They also operate in three segments: Best Buy Musicland and International. Best Buy Co. Inc. has a market cap of $16.19 billion; its shares were traded at around $38.89 with a P/E ratio of 14.1 and P/S ratio of 0.4. The dividend yield of Best Buy Co. Inc. stocks is 1.4%. Best Buy Co. Inc. had an annual average earning growth of 24% over the past 10 years. GuruFocus rated Best Buy Co. Inc. the business predictability rank of 4.5-star.
Added: Darden Restaurants Inc. ( DRI)
John Hussman added to his holdings in Darden Restaurants Inc. by 50%. His purchase prices were between $31.19 and $37.12, with an estimated average price of $33.58. The impact to his portfolio due to this purchase was 0.32%. His holdings were 1,500,000 shares as of 09/30/2009.
Darden Restaurants Inc. is the world's largest casual dining restaurant company based on market share sales and number of company-owned and operated restaurants. Darden through its subsidiaries engages in the ownership and operation of casual dining restaurants in the United States and Canada. Darden Restaurants Inc. has a market cap of $4.24 billion; its shares were traded at around $30.41 with a P/E ratio of 10.8 and P/S ratio of 0.6. The dividend yield of Darden Restaurants Inc. stocks is 3.3%. Darden Restaurants Inc. had an annual average earning growth of 15.1% over the past 10 years. GuruFocus rated Darden Restaurants Inc. the business predictability rank of 4.5-star.
Added: Cheesecake Factory Inc. ( CAKE)
John Hussman added to his holdings in Cheesecake Factory Inc. by 73.91%. His purchase prices were between $16.03 and $20.78, with an estimated average price of $18.59. The impact to his portfolio due to this purchase was 0.29%. His holdings were 2,000,000 shares as of 09/30/2009.
The Cheesecake Factory operates many upscale high volume casual dining restaurants. They offer over 200 menu items including appetizers pizza seafood steaks chicken burgers pasta salads sandwiches omelets and signature desserts including over 40 varieties of cheesecake. Cheesecake Factory Inc. has a market cap of $1.08 billion; its shares were traded at around $17.9 with a P/E ratio of 19.7 and P/S ratio of 0.7. Cheesecake Factory Inc. had an annual average earning growth of 21.8% over the past 10 years. GuruFocus rated Cheesecake Factory Inc. the business predictability rank of 4.5-star.
Added: Microsoft Corp. ( MSFT)
John Hussman added to his holdings in Microsoft Corp. by 20%. His purchase prices were between $22.39 and $25.94, with an estimated average price of $24.17. The impact to his portfolio due to this purchase was 0.24%. His holdings were 3,000,000 shares as of 09/30/2009.
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 $248.92 billion; its shares were traded at around $27.88 with a P/E ratio of 17.2 and P/S ratio of 4.3. The dividend yield of Microsoft Corp. stocks is 1.9%. Microsoft Corp. had an annual average earning growth of 10% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 4-star.
Added: Cisco Systems Inc. ( CSCO)
John Hussman added to his holdings in Cisco Systems Inc. by 7.14%. His purchase prices were between $18.13 and $23.63, with an estimated average price of $21.5. The impact to his portfolio due to this purchase was 0.22%. His holdings were 7,500,000 shares as of 09/30/2009.
Cisco Systems Inc. is the worldwide leader in networking for the Internet. Cisco's Internet Protocol-based networking solutions are the foundation of the Internet and most corporate education and government networks around the world. Cisco provides the broadest line of solutions for transporting data voice and video within buildings across campuses or around the world. Cisco Systems Inc. has a market cap of $133.23 billion; its shares were traded at around $23 with a P/E ratio of 19.8 and P/S ratio of 3.7. Cisco Systems Inc. had an annual average earning growth of 17.1% over the past 10 years.
Added: American Eagle Outfitters Inc. (AEO)
John Hussman added to his holdings in American Eagle Outfitters Inc. by 48.15%. His purchase prices were between $12.8 and $17.11, with an estimated average price of $14.74. The impact to his portfolio due to this purchase was 0.2%. His holdings were 2,000,000 shares as of 09/30/2009.
American Eagle Outfitters is a specialty retailer of all-American casual apparel accessories and footwear for men and women between the ages of 16 and 34. The company sources designs and markets a versatile line of timeless and relaxed clothing classics like jeans khakis and T-shirts under its American Eagle Outfitters and AE brand names for exclusive sale in its stores. The company is focused on several core brand and merchandising strategies to differentiate the company from competition improve profitability and increase sales. American Eagle Outfitters Inc. has a market cap of $3.65 billion; its shares were traded at around $17.58 with a P/E ratio of 24.8 and P/S ratio of 1.2. The dividend yield of American Eagle Outfitters Inc. stocks is 2.3%. American Eagle Outfitters Inc. had an annual average earning growth of 27.6% over the past 10 years. GuruFocus rated American Eagle Outfitters Inc. the business predictability rank of 4.5-star.
Added: Synaptics Inc. (SYNA)
John Hussman added to his holdings in Synaptics Inc. by 43.98%. His purchase prices were between $23.97 and $37.84, with an estimated average price of $29.25. The impact to his portfolio due to this purchase was 0.2%. His holdings were 1,375,000 shares as of 09/30/2009.
Synaptics is a leading developer of human interface solutions for a wide variety of mobile computing and communications devices and is the leading supplier of TouchPads to the notebook computer market. Products include the TouchPad input device TouchStyk pointing stick Dual Pointing combination input solution ClearPad touch screen Spiral pen input solution and QuickStroke Chinese handwriting software. Synaptics Inc. has a market cap of $753.6 million; its shares were traded at around $22.19 with a P/E ratio of 13.6 and P/S ratio of 1.6. Synaptics Inc. had an annual average earning growth of 5.3% over the past 5 years.
Added: Oracle Corp. ( ORCL)
John Hussman added to his holdings in Oracle Corp. by 10%. His purchase prices were between $20.18 and $22.86, with an estimated average price of $21.66. The impact to his portfolio due to this purchase was 0.19%. His holdings were 5,500,000 shares as of 09/30/2009.
Oracle Corporation is one of the world's leading suppliers of software for information management. The company develops manufactures markets and distributes computer software that helps corporations manage and grow their businesses. The company's software products can be categorized intotwo broad areas: Systems software and Internet business applications software. Oracle Corp. has a market cap of $105.77 billion; its shares were traded at around $21.09 with a P/E ratio of 15 and P/S ratio of 4.5. The dividend yield of Oracle Corp. stocks is 1%. Oracle Corp. had an annual average earning growth of 18.2% over the past 10 years. GuruFocus rated Oracle Corp. the business predictability rank of 4-star.
Added: Walgreen Company ( WAG)
John Hussman added to his holdings in Walgreen Company by 9.09%. His purchase prices were between $28.76 and $37.35, with an estimated average price of $31.76. The impact to his portfolio due to this purchase was 0.17%. His holdings were 3,000,000 shares as of 09/30/2009.
Walgreen Co. is a national retail pharmacy chain and considered the leader in innovative drugstore retailing. Walgreens pioneered many store features that are becoming standards in the industry. Among those concepts are: Computerized pharmacies Point-of-sale scanning Freestanding stores with drive-thru pharmacies and Intercom Plus Walgreens advanced new pharmacy computer and workflow system. Intercom Plus allows pharmacists to spend more time counseling patients by assigning administrative tasks to pharmacy technicians Walgreen Company has a market cap of $38.42 billion; its shares were traded at around $38.71 with a P/E ratio of 19.1 and P/S ratio of 0.6. The dividend yield of Walgreen Company stocks is 1.4%. Walgreen Company had an annual average earning growth of 15.1% over the past 10 years. GuruFocus rated Walgreen Company the business predictability rank of 5-star.
Added: Netflix Inc. (NFLX)
John Hussman added to his holdings in Netflix Inc. by 6.38%. His purchase prices were between $38.7 and $47.73, with an estimated average price of $43.84. The impact to his portfolio due to this purchase was 0.16%. His holdings were 3,000,000 shares as of 09/30/2009.
Netflix Inc. is the largest online movie rental subscription service in the United States providing subscribers access to a comprehensive library of more than 18000 movie television and other filmed entertainment titles. The standard subscription plan allows subscribers to have three titles out at the same time with no due dates late fees or shipping charges for a monthly fee. Netflix Inc. has a market cap of $3.09 billion; its shares were traded at around $53.8 with a P/E ratio of 29.7 and P/S ratio of 2.3. Netflix Inc. had an annual average earning growth of 81.9% over the past 5 years.
Added: Royal Caribbean Cruises Ltd. ( RCL)
John Hussman added to his holdings in Royal Caribbean Cruises Ltd. by 16.28%. His purchase prices were between $12.16 and $24.42, with an estimated average price of $17.71. The impact to his portfolio due to this purchase was 0.11%. His holdings were 1,750,000 shares as of 09/30/2009.
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 $4.42 billion; its shares were traded at around $20.67 with a P/E ratio of 12.9 and P/S ratio of 0.7. Royal Caribbean Cruises Ltd. had an annual average earning growth of 6.8% over the past 10 years. GuruFocus rated Royal Caribbean Cruises Ltd. the business predictability rank of 5-star.
Added: Panera Bread Company ( PNRA)
John Hussman added to his holdings in Panera Bread Company by 4.17%. His purchase prices were between $48.59 and $58.05, with an estimated average price of $53.6. The impact to his portfolio due to this purchase was 0.1%. His holdings were 2,500,000 shares as of 09/30/2009.
Panera Bread Company operates a retail bakery-cafe business and franchising business under the concept names Panera Bread Company and Saint Louis Bread Company. The concept specializes in high quality food for breakfast and lunch including fresh baked goods made-to-order sandwiches on freshly baked breads soups salads custom roasted coffees as well as other cafe beverages and targets suburban dwellers and workers by offering a premium specialty bakery and cafe experience with a neighborhood experience.> Panera Bread Company has a market cap of $1.88 billion; its shares were traded at around $60.25 with a P/E ratio of 22.3 and P/S ratio of 1.4. Panera Bread Company had an annual average earning growth of 20% over the past 5 years.
New Purchase: Ebay Inc. ( EBAY)
John Hussman initiated holdings in Ebay Inc.. His purchase prices were between $15.91 and $24.45, with an estimated average price of $21.22. The impact to his portfolio due to this purchase was 1.54%. His holdings were 3,500,000 shares as of 09/30/2009.
eBay is one of the world's largest online trading communities. eBay creates a powerful marketplace for the sale of goods and services by a passionate community of individuals and small businesses. eBay enables trade on a local national and international basis with local sites in numerous markets in the United States and country-specific sites in the United Kingdom Canada Germany Austria France Italy Japan Korea and Australia. (Company Press Release) Ebay Inc. has a market cap of $28.96 billion; its shares were traded at around $22.44 with a P/E ratio of 17.5 and P/S ratio of 3.4. Ebay Inc. had an annual average earning growth of 29% over the past 5 years.
New Purchase: Dollar Tree, Inc. ( DLTR)
John Hussman initiated holdings in Dollar Tree, Inc.. His purchase prices were between $40.59 and $51.13, with an estimated average price of $46.58. The impact to his portfolio due to this purchase was 0.91%. His holdings were 1,000,000 shares as of 09/30/2009.
Dollar Tree Stores Inc is an operator of discount variety stores offering merchandise at a fixed price point of $1.00 or less. Its stores successfully operate in major metropolitan areas mid-sized cities and small towns and perform well in a variety of locations. They offer a wide range of quality everyday general merchandise in many categories including housewares seasonal goods candy and food toys health and beauty care gifts party goods stationery books personal accessories and other consumer items. Dollar Tree, Inc. has a market cap of $4.26 billion; its shares were traded at around $47.7 with a P/E ratio of 16.4 and P/S ratio of 0.9.
New Purchase: John Wiley & Sons Inc. (JW-A)
John Hussman initiated holdings in John Wiley & Sons Inc.. His purchase prices were between $29.77 and $35.15, with an estimated average price of $32.36. The impact to his portfolio due to this purchase was 0.86%. His holdings were 1,500,000 shares as of 09/30/2009.
Wiley John & Sons Inc. is a global publisher of print and electronic products specializing in scientific technical and medical books and journals; professional and consumer books and subscription services; and textbooks and other educational materials for undergraduate and graduate students as well as lifelong learners. The company has publishing marketing and distribution centers in the United States Canada Europe Asia and Australia. John Wiley & Sons Inc. has a market cap of $2.07 billion; its shares were traded at around $35.35 with a P/E ratio of 16.8 and P/S ratio of 1.3. The dividend yield of John Wiley & Sons Inc. stocks is 1.6%. John Wiley & Sons Inc. had an annual average earning growth of 15.1% over the past 10 years. GuruFocus rated John Wiley & Sons Inc. the business predictability rank of 5-star.
New Purchase: Corning Inc. ( GLW)
John Hussman initiated holdings in Corning Inc.. His purchase prices were between $14.22 and $17, with an estimated average price of $15.86. The impact to his portfolio due to this purchase was 0.29%. His holdings were 1,000,000 shares as of 09/30/2009.
Corning Incorporated creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning manufactures optical fiber cable and photonic products for the telecommunications industry; and high-performance displays and components for television and other communications-related industries. The company also uses advanced materials to manufacture products for scientific semiconductor and environmental markets. (Company Press Release) Corning Inc. has a market cap of $22.57 billion; its shares were traded at around $14.52 with a P/E ratio of 14 and P/S ratio of 3.8. The dividend yield of Corning Inc. stocks is 1.4%.
New Purchase: Weight Watchers International Inc. (WTW)
John Hussman initiated holdings in Weight Watchers International Inc.. His purchase prices were between $24.09 and $29.98, with an estimated average price of $26.92. The impact to his portfolio due to this purchase was 0.02%. His holdings were 35,000 shares as of 09/30/2009.
Weight Watchers International Inc. is the largest provider of weight control programs in the world. The core of their business is weekly meetings in which they present thier scientifically designed program incorporating group support and education about healthy eating patterns behavior modification and physical activity. Weight Watchers International Inc. has a market cap of $2.04 billion; its shares were traded at around $26.49 with a P/E ratio of 10.2 and P/S ratio of 1.3. The dividend yield of Weight Watchers International Inc. stocks is 2.6%.
Reduced: Randgold Resources Ltd. ( GOLD)
John Hussman reduced to his holdings in Randgold Resources Ltd. by 28.57%. His sale prices were between $55.89 and $74.66, with an estimated average price of $63.29. The impact to his portfolio due to this sale was -0.01%. John Hussman still held 25,000 shares as of 09/30/2009.
Randgold Resources is an international gold mining and exploration business. It has to date discovered the 7 Moz Morila deposit in southern Mali the plus 5 Moz Yalea deposit in western Mali and the 3 Moz Tongon deposit in the C?te d'Ivoire. The Company successfully developed the Morila deposit into one of the world's largest and highest-margin gold mines. In addition Randgold Resources has a portfolio of prospective exploration projects across Africa in Mali C?te d'Ivoire Senegal Burkina Faso Ghana and Tanzania. Randgold Resources Ltd. has a market cap of $5.63 billion; its shares were traded at around $68 with a P/E ratio of 70.1 and P/S ratio of 16.6. The dividend yield of Randgold Resources Ltd. stocks is 0.2%. Randgold Resources Ltd. had an annual average earning growth of 8.4% over the past 5 years.
Reduced: Compania De Minas Buenaventura S.a. ( BVN)
John Hussman reduced to his holdings in Compania De Minas Buenaventura S.a. by 73.68%. His sale prices were between $21.6 and $34.37, with an estimated average price of $26.77. The impact to his portfolio due to this sale was -0.02%. John Hussman still held 50,000 shares as of 09/30/2009.
COMPA??A DE MINAS BUENAVENTURA is a leading mining company producing precious metals and holding mining rights in Peru. Since its inception in 1953 Buenaventura has focused on exploration and exploitation activities both by its own and through joint ventures. Buenaventura also is an important shareholder of Minera Yanacocha S.R.L. one of the leading gold producers in Latin America. Compania De Minas Buenaventura S.a. has a market cap of $8.73 billion; its shares were traded at around $34.33 with a P/E ratio of 22 and P/S ratio of 10.7. The dividend yield of Compania De Minas Buenaventura S.a. stocks is 0.3%. Compania De Minas Buenaventura S.a. had an annual average earning growth of 40.4% over the past 5 years.
Reduced: Goldcorp Inc. (GG)
John Hussman reduced to his holdings in Goldcorp Inc. by 68.75%. His sale prices were between $32.93 and $42.12, with an estimated average price of $37.3. The impact to his portfolio due to this sale was -0.03%. John Hussman still held 50,000 shares as of 09/30/2009.
Goldcorp is a North American based gold producer engaged in exploration extraction and processing of gold. The company's primary asset and key value driver is its Red Lake Mine which is the largest producing gold mine in Canada. Goldcorp's other operations include the Wharf Mine a gold mine located in the Black Hills of South Dakota USA and Saskatchewan Minerals an industrial minerals operation in Saskatchewan Canada which produces natural sodium sulphate used primarily in the detergent industry. Goldcorp Inc. has a market cap of $27.19 billion; its shares were traded at around $37.16 with a P/E ratio of 64.1 and P/S ratio of 11.2. The dividend yield of Goldcorp Inc. stocks is 0.5%. Goldcorp Inc. had an annual average earning growth of 22.9% over the past 5 years.
Reduced: Anglogold Ashanti Ltd. (AU)
John Hussman reduced to his holdings in Anglogold Ashanti Ltd. by 71.43%. His sale prices were between $34.03 and $44.01, with an estimated average price of $38.42. The impact to his portfolio due to this sale was -0.03%. John Hussman still held 50,000 shares as of 09/30/2009.
AngloGold Limited is the largest gold producer at 7 million ounces a year with reserves of 126 m oz. The company has operations in six countries on three continents some of which are joint ventures as well as exploration activities in ten countries. AngloGold can be financially characterized by high cash generation substantial reinvestment in long-term growth and the payment of significant dividends. The company distinguishes itself from its producer peer group through its active involvement in the development of the gold market particularly in Asia. Anglogold Ashanti Ltd. has a market cap of $10.61 billion; its shares were traded at around $37.76 with a P/E ratio of 33.1 and P/S ratio of 2.8. The dividend yield of Anglogold Ashanti Ltd. stocks is 0.3%.
Reduced: Agnicoeagle Mines Ltd. ( AEM)
John Hussman reduced to his holdings in Agnicoeagle Mines Ltd. by 90.74%. His sale prices were between $49.11 and $70.24, with an estimated average price of $58.77. The impact to his portfolio due to this sale was -0.03%. John Hussman still held 25,000 shares as of 09/30/2009.
Agnico-Eagle Mines Limited is an established Canadian gold producer with operations located principally in northwestern Quebec and exploration and development activities in Quebec Ontario and Nevada. Agnico-Eagle is focused on the expansion and large scale exploration program of its LaRonde Mine which is expected to result in increased gold production and expanded gold reserves. (PRESS RELEASE) Agnicoeagle Mines Ltd. has a market cap of $8.52 billion; its shares were traded at around $54.57 with a P/E ratio of 218.3 and P/S ratio of 25.7. The dividend yield of Agnicoeagle Mines Ltd. stocks is 0.3%. Agnicoeagle Mines Ltd. had an annual average earning growth of 85.8% over the past 5 years.
Reduced: Barrick Gold Corp. ( ABX)
John Hussman reduced to his holdings in Barrick Gold Corp. by 90%. His sale prices were between $31.48 and $40.04, with an estimated average price of $35.14. The impact to his portfolio due to this sale was -0.04%. John Hussman still held 50,000 shares as of 09/30/2009.
Barrick Gold Corporation is a leading international gold producer with low-cost mines in North and South America. Barrick Gold Corp. has a market cap of $35.88 billion; its shares were traded at around $36.51 with a P/E ratio of 21.6 and P/S ratio of 4.5. The dividend yield of Barrick Gold Corp. stocks is 1.1%. Barrick Gold Corp. had an annual average earning growth of 4.2% over the past 10 years.
Reduced: Newmont Mining Corp. ( NEM)
John Hussman reduced to his holdings in Newmont Mining Corp. by 88.24%. His sale prices were between $37.89 and $46.53, with an estimated average price of $41.68. The impact to his portfolio due to this sale was -0.04%. John Hussman still held 50,000 shares as of 09/30/2009.
Newmont Mining Corp. is engaged in the production of gold the exploration for gold and the acquisition and development of gold properties worldwide. The company produces gold from mines in Nevada and California and outside of the United States from operations in Peru Indonesia Mexico and Uzbekistan. Newmont Mining Corp. has a market cap of $20.9 billion; its shares were traded at around $43.57 with a P/E ratio of 22.7 and P/S ratio of 3.4. The dividend yield of Newmont Mining Corp. stocks is 0.9%. Newmont Mining Corp. had an annual average earning growth of 4.5% over the past 10 years.
Reduced: Paychex Inc. ( PAYX)
John Hussman reduced to his holdings in Paychex Inc. by 41.18%. His sale prices were between $24.21 and $31.04, with an estimated average price of $27.28. The impact to his portfolio due to this sale was -0.06%. John Hussman still held 250,000 shares as of 09/30/2009.
Paychex Inc. is a national provider of payroll human resource and employee benefit outsourcing solutions for small-to medium-sized businesses. The company has two reportable business segments: Payroll and Human Resource Services and Professional Employer Organization. Paychex's Payroll segment is a national payroll processing and payroll taxpreparation service provided to small-to medium-sized business. The Professional Employer Organization segment provides human resource products and services. Paychex Inc. has a market cap of $10.26 billion; its shares were traded at around $28.41 with a P/E ratio of 20.2 and P/S ratio of 4.9. The dividend yield of Paychex Inc. stocks is 4.4%. Paychex Inc. had an annual average earning growth of 17.8% over the past 10 years. GuruFocus rated Paychex Inc. the business predictability rank of 5-star.
Reduced: Xilinx Inc. ( XLNX)
John Hussman reduced to his holdings in Xilinx Inc. by 33.33%. His sale prices were between $19.15 and $23.83, with an estimated average price of $21.67. The impact to his portfolio due to this sale was -0.07%. John Hussman still held 500,000 shares as of 09/30/2009.
Xilinx Inc. designs develops and markets complete programmable logic solutions including advanced integrated circuits software design tools predefined system functions delivered as cores of logic and field engineering support. Its programmable logic devices include field programmable gate arrays and complex programmable logic devices. These devices are standard products that its customers program to perform desired logic functions. Xilinx Inc. has a market cap of $6 billion; its shares were traded at around $21.75 with a P/E ratio of 22.2 and P/S ratio of 3.3. The dividend yield of Xilinx Inc. stocks is 2.6%. Xilinx Inc. had an annual average earning growth of 9.1% over the past 10 years.
Reduced: Eli Lilly And Company ( LLY)
John Hussman reduced to his holdings in Eli Lilly And Company by 40%. His sale prices were between $32.4 and $35.15, with an estimated average price of $33.54. The impact to his portfolio due to this sale was -0.08%. John Hussman still held 300,000 shares as of 09/30/2009.
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 $39.12 billion; its shares were traded at around $34.05 with a P/E ratio of 7.4 and P/S ratio of 1.9. The dividend yield of Eli Lilly And Company stocks is 5.8%. Eli Lilly And Company had an annual average earning growth of 4.4% over the past 10 years. GuruFocus rated Eli Lilly And Company the business predictability rank of 4.5-star.
Reduced: Avery Dennison Corp. ( AVY)
John Hussman reduced to his holdings in Avery Dennison Corp. by 50%. His sale prices were between $24.23 and $36.56, with an estimated average price of $29.44. The impact to his portfolio due to this sale was -0.09%. John Hussman still held 250,000 shares as of 09/30/2009.
Avery Dennision Corporation produces pressure-sensitive adhesives and materials and the production of consumer and converted products. Some pressure-sensitive adhesives and materials are ``converted`` into labels and other products through embossing printing stamping and die-cutting and some are sold in unconverted form as base materials tapes and reflective sheeting. The company also manufactures and sells a variety of consumer and converted products and other items not involving pressure-sensitive components such as notebooks three-ring binders among others. Avery Dennison Corp. has a market cap of $4.08 billion; its shares were traded at around $36.2 with a P/E ratio of 21.2 and P/S ratio of 0.6. The dividend yield of Avery Dennison Corp. stocks is 2.2%. Avery Dennison Corp. had an annual average earning growth of 4.4% over the past 10 years. GuruFocus rated Avery Dennison Corp. the business predictability rank of 4.5-star.
Reduced: Commscope Inc. ( CTV)
John Hussman reduced to his holdings in Commscope Inc. by 36.62%. His sale prices were between $23 and $32.85, with an estimated average price of $27.21. The impact to his portfolio due to this sale was -0.09%. John Hussman still held 450,000 shares as of 09/30/2009.
Commscope Inc. is a world leader in infrastructure solutions for communication networks. Through its SYSTIMAX Solutions and Uniprise Solutions brands CommScope is the global leader in structured cabling systems for business enterprise applications. It is also the world's largest manufacturer of coaxial cable for Hybrid Fiber Coaxial applications. Backed by strong research and development CommScope combines technical expertise and proprietary technology with global manufacturing capability to provide customers with high-performance wired or wireless cabling solutions. Commscope Inc. has a market cap of $2.51 billion; its shares were traded at around $26.84 with a P/E ratio of 13.6 and P/S ratio of 0.6. Commscope Inc. had an annual average earning growth of 2.1% over the past 10 years.
Reduced: Dell Inc. ( DELL)
John Hussman reduced to his holdings in Dell Inc. by 25%. His sale prices were between $11.97 and $16.86, with an estimated average price of $14.37. The impact to his portfolio due to this sale was -0.11%. John Hussman still held 1,500,000 shares as of 09/30/2009.
Dell Inc. is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Dell through its direct business model designs manufactures and customizes products and services to customer requirements and offers an extensive selection of software and peripherals. Dell Inc. has a market cap of $28.24 billion; its shares were traded at around $14.44 with a P/E ratio of 12.7 and P/S ratio of 0.5. Dell Inc. had an annual average earning growth of 10.7% over the past 10 years. GuruFocus rated Dell Inc. the business predictability rank of 3.5-star.
Reduced: The Walt Disney Company Disney ( DIS)
John Hussman reduced to his holdings in The Walt Disney Company Disney by 43.18%. His sale prices were between $22.24 and $28.46, with an estimated average price of $25.93. The impact to his portfolio due to this sale was -0.11%. John Hussman still held 500,000 shares as of 09/30/2009.
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 $50.94 billion; its shares were traded at around $27.41 with a P/E ratio of 15.3 and P/S ratio of 1.3. The dividend yield of The Walt Disney Company Disney stocks is 1.3%. The Walt Disney Company Disney had an annual average earning growth of 4.4% over the past 10 years.
Reduced: Pfizer Inc ( PFE)
John Hussman reduced to his holdings in Pfizer Inc by 25%. His sale prices were between $14.2 and $16.86, with an estimated average price of $15.95. The impact to his portfolio due to this sale was -0.12%. John Hussman still held 1,500,000 shares as of 09/30/2009.
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 $114.4 billion; its shares were traded at around $16.95 with a P/E ratio of 7.8 and P/S ratio of 2.4. The dividend yield of Pfizer Inc stocks is 3.8%. Pfizer Inc had an annual average earning growth of 11% over the past 10 years. GuruFocus rated Pfizer Inc the business predictability rank of 2.5-star.
Reduced: Lifepoint Hospitals Inc. ( LPNT)
John Hussman reduced to his holdings in Lifepoint Hospitals Inc. by 24%. His sale prices were between $24.22 and $29.05, with an estimated average price of $26.14. The impact to his portfolio due to this sale was -0.12%. John Hussman still held 950,000 shares as of 09/30/2009.
LifePoint Hospitals Inc. is engaged in the operation of general acute care hospitals in non-urban communities. The company's general acute care hospitals usually provide the range of medical and surgical services commonly available in hospitals in non-urban markets. These hospitals also provide diagnostic and emergency services as well as outpatient and ancillary services including outpatient surgery laboratory radiology respiratory therapy and physical therapy. Lifepoint Hospitals Inc. has a market cap of $1.56 billion; its shares were traded at around $28.44 with a P/E ratio of 11.3 and P/S ratio of 0.6. Lifepoint Hospitals Inc. had an annual average earning growth of 10.1% over the past 5 years.
Reduced: Novartis Ag ( NVS)
John Hussman reduced to his holdings in Novartis Ag by 50%. His sale prices were between $39.22 and $49.41, with an estimated average price of $45. The impact to his portfolio due to this sale was -0.12%. John Hussman still held 250,000 shares as of 09/30/2009.
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 $118.85 billion; its shares were traded at around $52.33 with a P/E ratio of 15.7 and P/S ratio of 2.9. The dividend yield of Novartis Ag stocks is 2.8%. Novartis Ag had an annual average earning growth of 8.9% over the past 10 years.
Reduced: Medtronic Inc. ( MDT)
John Hussman reduced to his holdings in Medtronic Inc. by 46.67%. His sale prices were between $32.73 and $39.06, with an estimated average price of $36.33. The impact to his portfolio due to this sale was -0.13%. John Hussman still held 400,000 shares as of 09/30/2009.
Medtronic is the world's leading medical technology company pioneeringdevice-based therapies that restore health extend life and alleviate pain.Primary products include those for bradycardia pacing tachyarrhythmiamanagement atrial fibrillation management among others. Medtronic operates its business in one reportable segment that of manufacturing and selling device-based medical therapies. The company does business in more than 120 countries. The company's product lines include cardiac rhythm management neurological and spinal vascular and cardiac surgery. Medtronic Inc. has a market cap of $39.98 billion; its shares were traded at around $36.12 with a P/E ratio of 12.1 and P/S ratio of 2.7. The dividend yield of Medtronic Inc. stocks is 2.3%. Medtronic Inc. had an annual average earning growth of 14.7% over the past 10 years. GuruFocus rated Medtronic Inc. the business predictability rank of 4.5-star.
Reduced: Crrncyshr Bp Ster Tr (FXB)
John Hussman reduced to his holdings in Crrncyshr Bp Ster Tr by 42.86%. His sale prices were between $158.51 and $169.73, with an estimated average price of $163.85. The impact to his portfolio due to this sale was -0.13%. John Hussman still held 100,000 shares as of 09/30/2009.
Crrncyshr Bp Ster Tr has a market cap of $1.72 billion; its shares were traded at around $163.48 . The dividend yield of Crrncyshr Bp Ster Tr stocks is 3.8%.
Reduced: Meredith Corp. ( MDP)
John Hussman reduced to his holdings in Meredith Corp. by 35%. His sale prices were between $23.93 and $31.77, with an estimated average price of $27.57. The impact to his portfolio due to this sale was -0.13%. John Hussman still held 650,000 shares as of 09/30/2009.
Meredith Corp. has two business segments: publishing and broadcasting. The publishing segment includes magazine and book publishing integrated marketing interactive media brand licensing and other related operations. The broadcasting segment includes the operations of network-affiliated television stations and syndicated television program marketing and development. Virtually all of the company's revenues are generated and assets reside within the UnitedStates. Meredith Corp. has a market cap of $1.2 billion; its shares were traded at around $26.7 with a P/E ratio of 13.8 and P/S ratio of 0.8. The dividend yield of Meredith Corp. stocks is 3.4%. Meredith Corp. had an annual average earning growth of 6.3% over the past 10 years.
Reduced: Currencyshares Japanese Yen Trust (FXY)
John Hussman reduced to his holdings in Currencyshares Japanese Yen Trust by 60%. His sale prices were between $101.96 and $110.86, with an estimated average price of $106.2. The impact to his portfolio due to this sale was -0.13%. John Hussman still held 100,000 shares as of 09/30/2009.
Currencyshares Japanese Yen Trust has a market cap of $698.5 million; its shares were traded at around $109.92 .
Reduced: Alcon Inc. ( ACL)
John Hussman reduced to his holdings in Alcon Inc. by 76.67%. His sale prices were between $112.5 and $143.53, with an estimated average price of $128.89. The impact to his portfolio due to this sale was -0.14%. John Hussman still held 70,000 shares as of 09/30/2009.
Alcon Inc. is the world's leading eye care company. Alcon which has been dedicated to the ophthalmic industry for sixty years researches develops manufactures and markets pharmaceuticals surgical equipment and devices contact lens care solutions and other vision care products that treat diseases disorders and other conditions of the eye. Alcon's majority shareholder is Nestle S.A. the world's largest food company. All trademarks noted in this release are the property of Alcon Inc. with the exception of Ciprodex which is a registered trademark of Bayer AG and licensed to Alcon Inc. by Bayer Healthcare AG. Moxifloxacin is licensed to Alcon Inc. by Bayer Healthcare AG. Alcon Inc. has a market cap of $42.52 billion; its shares were traded at around $142.29 with a P/E ratio of 21.5 and P/S ratio of 6.8. The dividend yield of Alcon Inc. stocks is 2.6%. Alcon Inc. had an annual average earning growth of 21.2% over the past 5 years.
Reduced: Altera Corp. ( ALTR)
John Hussman reduced to his holdings in Altera Corp. by 25%. His sale prices were between $15.41 and $21.01, with an estimated average price of $18.79. The impact to his portfolio due to this sale was -0.14%. John Hussman still held 1,500,000 shares as of 09/30/2009.
Altera Corporation designs manufactures and markets a broad range of high-performance high-density programmable logic devices and associated development tools focusing on ease of use lower risk and fast time-to-market. Altera's solution to customer needs includes a combination of silicon and software products. The company sells the widest range of product families allowing customers to find the density speed and package type to meet almost any need. Altera Corp. has a market cap of $5.86 billion; its shares were traded at around $19.92 with a P/E ratio of 24.9 and P/S ratio of 4.3. The dividend yield of Altera Corp. stocks is 1%. Altera Corp. had an annual average earning growth of 9.3% over the past 5 years.
Reduced: Euro Currency Trust (FXE)
John Hussman reduced to his holdings in Euro Currency Trust by 55.56%. His sale prices were between $138.8 and $147.89, with an estimated average price of $142.86. The impact to his portfolio due to this sale was -0.15%. John Hussman still held 100,000 shares as of 09/30/2009.
Euro Currency Trust has a market cap of $350.3 million; its shares were traded at around $147.52 . The dividend yield of Euro Currency Trust stocks is 3.6%.
Reduced: Autodesk Inc. ( ADSK)
John Hussman reduced to his holdings in Autodesk Inc. by 25%. His sale prices were between $17.01 and $25.38, with an estimated average price of $22.25. The impact to his portfolio due to this sale was -0.17%. John Hussman still held 1,500,000 shares as of 09/30/2009.
Autodesk is one of the world's leading design software and digital content companies for architectural design and land development manufacturing utilities telecommunications and media and entertainment. Autodesk provides design software Internet portal services wireless development platforms and point-of-location applications that empower customers in numerous countries to drive business and remain competitive. (Company Press Release) Autodesk Inc. has a market cap of $5.8 billion; its shares were traded at around $25.23 with a P/E ratio of 31.2 and P/S ratio of 2.5. Autodesk Inc. had an annual average earning growth of 14.7% over the past 10 years.
Reduced: Petsmart Inc. ( PETM)
John Hussman reduced to his holdings in Petsmart Inc. by 57.14%. His sale prices were between $20 and $23.45, with an estimated average price of $21.74. The impact to his portfolio due to this sale was -0.17%. John Hussman still held 750,000 shares as of 09/30/2009.
PETSMART INC. is a leading operator of superstores specializing in pet food supplies and services in the United States. Petsmart Inc. has a market cap of $2.94 billion; its shares were traded at around $23.51 with a P/E ratio of 14.9 and P/S ratio of 0.6. The dividend yield of Petsmart Inc. stocks is 1.7%. Petsmart Inc. had an annual average earning growth of 29.3% over the past 10 years. GuruFocus rated Petsmart Inc. the business predictability rank of 3.5-star.
Reduced: Polo Ralph Lauren Corp. (RL)
John Hussman reduced to his holdings in Polo Ralph Lauren Corp. by 40%. His sale prices were between $49.36 and $77.4, with an estimated average price of $64.57. The impact to his portfolio due to this sale was -0.17%. John Hussman still held 300,000 shares as of 09/30/2009.
Polo Ralph Lauren Corp. is in the design marketing and distribution of premium lifestyle products. The company's brand names which include Polo Polo by Ralph Lauren Ralph Lauren Purple Label Polo Sport Ralph Lauren RALPH Lauren Polo Jeans Co. RL Chaps and Club Monaco among others constitute one of the world's most widely recognized families of consumer brands. Polo Ralph Lauren Corp. has a market cap of $7.65 billion; its shares were traded at around $76.71 with a P/E ratio of 18 and P/S ratio of 1.5. The dividend yield of Polo Ralph Lauren Corp. stocks is 0.3%. Polo Ralph Lauren Corp. had an annual average earning growth of 12.4% over the past 10 years. GuruFocus rated Polo Ralph Lauren Corp. the business predictability rank of 4-star.
Reduced: Honeywell International Inc. ( HON)
John Hussman reduced to his holdings in Honeywell International Inc. by 50%. His sale prices were between $29.31 and $40.17, with an estimated average price of $35.44. The impact to his portfolio due to this sale was -0.18%. John Hussman still held 500,000 shares as of 09/30/2009.
Honeywell International is a diversified technology and manufacturing company serving customers worldwide with aerospace products and services control technologies for buildings homes and industry automotive products power generation systems specialty chemicals fibers plastics and electronic and advanced materials. Its operations are conducted by strategic business units which have been aggregated under four reportable segments: Aerospace Solutions Automation & Asset Management Performance Materials and Power & Transportation Products. Honeywell International Inc. has a market cap of $27.22 billion; its shares were traded at around $36.19 with a P/E ratio of 12.6 and P/S ratio of 0.7. The dividend yield of Honeywell International Inc. stocks is 3.3%. Honeywell International Inc. had an annual average earning growth of 5.2% over the past 10 years.
Reduced: Western Digital Corp. ( WDC)
John Hussman reduced to his holdings in Western Digital Corp. by 37.3%. His sale prices were between $24.99 and $36.95, with an estimated average price of $31.82. The impact to his portfolio due to this sale was -0.25%. John Hussman still held 1,000,000 shares as of 09/30/2009.
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 $7.68 billion; its shares were traded at around $34.12 with a P/E ratio of 11.9 and P/S ratio of 1. Western Digital Corp. had an annual average earning growth of 55.8% over the past 5 years.
Reduced: Ltd. Brands Inc. ( LTD)
John Hussman reduced to his holdings in Ltd. Brands Inc. by 38.08%. His sale prices were between $10.58 and $17.45, with an estimated average price of $14.07. The impact to his portfolio due to this sale was -0.3%. John Hussman still held 2,477,000 shares as of 09/30/2009.
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 $5.76 billion; its shares were traded at around $17.89 with a P/E ratio of 20.1 and P/S ratio of 0.6. The dividend yield of Ltd. Brands Inc. stocks is 3.4%. Ltd. Brands Inc. had an annual average earning growth of 6.5% over the past 10 years.
Reduced: Hasbro Inc. ( HAS)
John Hussman reduced to his holdings in Hasbro Inc. by 60%. His sale prices were between $23.04 and $28.9, with an estimated average price of $26.62. The impact to his portfolio due to this sale was -0.31%. John Hussman still held 1,000,000 shares as of 09/30/2009.
Hasbro Inc. is a worldwide leader in children's and family leisure time andentertainment products and services including the design manufacture andmarketing of games and toys ranging from traditional to high-tech. Bothinternationally and in the U.S. its PLAYSKOOL KENNER TONKA ODDZON SUPER SOAKER MILTON BRADLEY PARKER BROTHERS TIGER HASBRO INTERACTIVEMICROPROSE GALOOB and WIZARDS OF THE COAST brands and products provide what the company believes to be the highest quality and most recognizable play experiences in the world. (PRESS RELEASE) Hasbro Inc. has a market cap of $3.87 billion; its shares were traded at around $27.65 with a P/E ratio of 13.8 and P/S ratio of 1. The dividend yield of Hasbro Inc. stocks is 2.9%. Hasbro Inc. had an annual average earning growth of 4.4% over the past 10 years.
Reduced: Qualcomm Inc. ( QCOM)
John Hussman reduced to his holdings in Qualcomm Inc. by 25%. His sale prices were between $43.06 and $48.45, with an estimated average price of $45.9. The impact to his portfolio due to this sale was -0.32%. John Hussman still held 1,500,000 shares as of 09/30/2009.
QUALCOMM Inc. develops and delivers innovative digital wireless communications products and services based on the company's CDMA digital technology. The company's business areas include CDMA integrated circuits and system software; technology licensing; the Binary Runtime Environment for Wireless applications development platform; Eudora e-mail software; digital cinema systems; and satellite-based systems including portions of the Globalstar system and wireless fleet management systems OmniTRACS and OmniExpress. (Company Press Release) Qualcomm Inc. has a market cap of $69.5 billion; its shares were traded at around $41.81 with a P/E ratio of 25.3 and P/S ratio of 6.2. The dividend yield of Qualcomm Inc. stocks is 1.6%. Qualcomm Inc. had an annual average earning growth of 28.9% over the past 10 years.
Reduced: Waters Corp. ( WAT)
John Hussman reduced to his holdings in Waters Corp. by 33.33%. His sale prices were between $48.56 and $56.3, with an estimated average price of $51.69. The impact to his portfolio due to this sale was -0.35%. John Hussman still held 1,000,000 shares as of 09/30/2009.
Waters Corporation is a holding company which owns only and all of the outstanding common stock of Waters Technologies Corporation the operating subsidiary. It operates in the analytical instrument industry with manufacturing and distribution expertise in three complementary technologies: high performance liquid chromatography instruments chromatography columns and other consumables and related service; mass spectrometry instruments that can be integrated and used along with other analytical instruments; and thermal analysis and rheology instruments. Waters Corp. has a market cap of $5.54 billion; its shares were traded at around $58 with a P/E ratio of 17.1 and P/S ratio of 3.5. Waters Corp. had an annual average earning growth of 14.4% over the past 10 years. GuruFocus rated Waters Corp. the business predictability rank of 5-star.
Reduced: Walmart Stores Inc. ( WMT)
John Hussman reduced to his holdings in Walmart Stores Inc. by 66.67%. His sale prices were between $47.57 and $51.88, with an estimated average price of $49.98. The impact to his portfolio due to this sale was -0.46%. John Hussman still held 750,000 shares as of 09/30/2009.
Wal-Mart Stores Inc. is the world's largest retailer. They are engaged in the operation of mass merchandising stores which serve their customers primarily through the operation of three segments which are the Wal-Mart Stores segment the SAM'S Club segment and the International segment. Walmart Stores Inc. has a market cap of $193.92 billion; its shares were traded at around $50.28 with a P/E ratio of 14.6 and P/S ratio of 0.5. The dividend yield of Walmart Stores Inc. stocks is 2.2%. Walmart Stores Inc. had an annual average earning growth of 13.3% over the past 10 years. GuruFocus rated Walmart Stores Inc. the business predictability rank of 5-star.
Reduced: Johnson & Johnson ( JNJ)
John Hussman reduced to his holdings in Johnson & Johnson by 24.53%. His sale prices were between $55.97 and $61.79, with an estimated average price of $59.99. The impact to his portfolio due to this sale was -0.56%. John Hussman still held 2,000,000 shares as of 09/30/2009.
Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. The company's worldwide business is divided into three segments: Consumer; Pharmaceutical; and Professional. Johnson & Johnson has a market cap of $163.94 billion; its shares were traded at around $59.49 with a P/E ratio of 13.1 and P/S ratio of 2.6. The dividend yield of Johnson & Johnson stocks is 3.3%. Johnson & Johnson had an annual average earning growth of 12.5% over the past 10 years. GuruFocus rated Johnson & Johnson the business predictability rank of 4.5-star.
Reduced: Amgen Inc. ( AMGN)
John Hussman reduced to his holdings in Amgen Inc. by 40%. His sale prices were between $51.47 and $64.41, with an estimated average price of $59.81. The impact to his portfolio due to this sale was -0.68%. John Hussman still held 1,500,000 shares as of 09/30/2009.
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 $53.24 billion; its shares were traded at around $52.43 with a P/E ratio of 10.7 and P/S ratio of 3.5. Amgen Inc. had an annual average earning growth of 19.2% over the past 10 years. GuruFocus rated Amgen Inc. the business predictability rank of 4-star.
Sold Out: Sigmaaldrich Corp. ( SIAL)
John Hussman sold out his holdings in Sigmaaldrich Corp.. His sale prices were between $46.62 and $53.99, with an estimated average price of $50.67.
Sigma-Aldrich Corporation develops manufactures and distributes the broadest range of high quality biochemicals organic chemicals chromatography products and diagnostic reagents available in the world. These products are used in high technology research and development in the life sciences at universities and in industry for the diagnosis of disease and as specialty chemicals for pharmaceutical and other manufacturing purposes. Sigmaaldrich Corp. has a market cap of $6.44 billion; its shares were traded at around $52.88 with a P/E ratio of 19.3 and P/S ratio of 2.9. The dividend yield of Sigmaaldrich Corp. stocks is 1.1%. Sigmaaldrich Corp. had an annual average earning growth of 12.6% over the past 10 years. GuruFocus rated Sigmaaldrich Corp. the business predictability rank of 4.5-star.
Sold Out: Seagate Technology (STX)
John Hussman sold out his holdings in Seagate Technology. His sale prices were between $9.5 and $15.68, with an estimated average price of $12.64.
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 $7.02 billion; its shares were traded at around $14.16 with and P/S ratio of 0.7. Seagate Technology had an annual average earning growth of 21.1% over the past 5 years.
Sold Out: Corn Products International Inc. ( CPO)
John Hussman sold out his holdings in Corn Products International Inc.. His sale prices were between $24.47 and $32.26, with an estimated average price of $28.42.
Corn Products International Inc. headquartered in Bedford Park Illinois is one of the world's leading corn refiners. Dating back almost a century Corn Products International is a leading supplier of products from the corn refining process -- sweeteners and starches. Corn Products International Inc. has a market cap of $2.07 billion; its shares were traded at around $27.68 with a P/E ratio of 14.1 and P/S ratio of 0.5. The dividend yield of Corn Products International Inc. stocks is 2%. Corn Products International Inc. had an annual average earning growth of 10.4% over the past 10 years. GuruFocus rated Corn Products International Inc. the business predictability rank of 4-star.
Sold Out: Vf Corp. ( VFC)
John Hussman sold out his holdings in Vf Corp.. His sale prices were between $53.77 and $73.2, with an estimated average price of $65.69.
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 $8 billion; its shares were traded at around $71.82 with a P/E ratio of 14.7 and P/S ratio of 1.1. The dividend yield of Vf Corp. stocks is 3.3%. Vf Corp. had an annual average earning growth of 5.9% over the past 10 years.
Sold Out: The Buckle Inc. ( BKE)
John Hussman sold out his holdings in The Buckle Inc.. His sale prices were between $26.05 and $33.95, with an estimated average price of $29.2.
Buckle Inc. is a retailer of medium to better-priced casual apparel for young men and women. The company markets a wide selection of mostly brand name casual apparel including denims other casual bottoms tops sportswear outerwear accessories and footwear. They emphasize personalized attention to their customers and provides individual customer services such as free alterations free gift-wrapping easy layaways and a frequent shopper program. Most stores are located in regional high-traffic shopping malls and this is their strategy for future expansion. The Buckle Inc. has a market cap of $1.42 billion; its shares were traded at around $30.58 with a P/E ratio of 12.3 and P/S ratio of 1.8. The dividend yield of The Buckle Inc. stocks is 2.6%. The Buckle Inc. had an annual average earning growth of 7.1% over the past 10 years. GuruFocus rated The Buckle Inc. the business predictability rank of 2.5-star.
Sold Out: Bj's Wholesale Club Inc. (BJ)
John Hussman sold out his holdings in Bj's Wholesale Club Inc.. His sale prices were between $30.52 and $36.64, with an estimated average price of $33.33.
BJS Warehouse offers an assortment of brand name food and generalmerchandise items within a wide range of product categories. In order toachieve high sales volumes and rapid inventory turnover merchandise selections are generally limited to items that are brand name leaders in their categories. Since warehouse clubs sell a diversified selection of product categories the company attracts customers from a wide range of other wholesale and retail distribution channels such as supermarkets supercenters department stores drug stores and discount stores. Bj's Wholesale Club Inc. has a market cap of $1.96 billion; its shares were traded at around $35.35 with a P/E ratio of 14.3 and P/S ratio of 0.2. Bj's Wholesale Club Inc. had an annual average earning growth of 4.3% over the past 10 years.
Sold Out: Cypress Semiconductor Corp. (CY)
John Hussman sold out his holdings in Cypress Semiconductor Corp.. His sale prices were between $8.61 and $11.27, with an estimated average price of $10.24.
Cypress Semiconductor Corporation designs develops manufactures andmarkets a broad line of high-performance digital and mixed-signal integrated circuits for a range of markets including data communications telecommunications computers and instrumentation systems. The company sells the products to a wide range of customers including Lucent Technologies Inc. Motorola Inc. Nortel Networks Corporation Seagate Technology Inc. Compaq Computer Corporation 3Com Corporation IBM Cisco Systems Inc. and Sony Corporation. Cypress Semiconductor Corp. has a market cap of $1.31 billion; its shares were traded at around $8.43 with and P/S ratio of 1.7.
Sold Out: The Estee Lauder Companies Inc. (EL)
John Hussman sold out his holdings in The Estee Lauder Companies Inc.. His sale prices were between $30.27 and $37.8, with an estimated average price of $35.05.
Estee Lauder Co. is one of the world's leading manufacturers and marketers of quality skin care makeup fragrance and hair care products. Its products are sold in numerous countries and territories under the following well-recognized brand names: Estee Lauder Clinique Aramis Prescriptives Origins M.A.C Bobbi Brown essentials La Mer jane Aveda Stila Jo Malone and Bumble and bumble. The company is also the global licensee for fragrances and cosmetics sold under the TommyHilfiger Donna Karan and Kate Spade brands. The Estee Lauder Companies Inc. has a market cap of $8.73 billion; its shares were traded at around $44.39 with a P/E ratio of 22.1 and P/S ratio of 1.2. The dividend yield of The Estee Lauder Companies Inc. stocks is 1.2%. The Estee Lauder Companies Inc. had an annual average earning growth of 8.2% over the past 10 years. GuruFocus rated The Estee Lauder Companies Inc. the business predictability rank of 3-star.
Sold Out: Emcor Group Inc. (EME)
John Hussman sold out his holdings in Emcor Group Inc.. His sale prices were between $18.17 and $26.1, with an estimated average price of $23.16.
EMCOR GROUP INC. conducts its business through subsidiaries specializes in the design integration installation start-up testing operation andmaintenance of complex mechanical and electrical systems. In additioncertain of its subsidiaries operate and maintain mechanical and/or electrical systems for customers under contracts and provide other servicesto customers at the customer's facilities which services are commonlyreferred to as facilities management. Emcor Group Inc. has a market cap of $1.56 billion; its shares were traded at around $23.66 with a P/E ratio of 8.6 and P/S ratio of 0.2. Emcor Group Inc. had an annual average earning growth of 4.8% over the past 10 years.
Sold Out: Southwest Airlines Co. ( LUV)
John Hussman sold out his holdings in Southwest Airlines Co.. His sale prices were between $6.48 and $9.78, with an estimated average price of $8.29.
Southwest Airlines is a major domestic airline that provides primarily shorthaul high-frequency point-to-point low-fare service. Southwest operates over Boeing 737 aircraft in numerous cities. Southwest has the lowest operating cost structure in the domestic airline industry and consistently offers the lowest and simplest fares. Southwest also has one of the best overall Customer Service records. Southwest Airlines Co. has a market cap of $6.15 billion; its shares were traded at around $8.29 with a P/E ratio of 51.8 and P/S ratio of 0.6. The dividend yield of Southwest Airlines Co. stocks is 0.2%. Southwest Airlines Co. had an annual average earning growth of 4.3% over the past 10 years. GuruFocus rated Southwest Airlines Co. the business predictability rank of 2-star.
Sold Out: Lincare Holdings Inc. ( LNCR)
John Hussman sold out his holdings in Lincare Holdings Inc.. His sale prices were between $22.12 and $33.08, with an estimated average price of $26.06.
Lincare Holdings Inc. is one of the nation's largest providers of oxygen and other respiratory therapy services to patients in the home. The company's customers typically suffer from chronic obstructive pulmonary disease such as emphysema chronic bronchitis or asthma and require supplemental oxygen or other respiratory therapy services in order to alleviate the symptoms and discomfort of respiratory dysfunction. Lincare Holdings Inc. has a market cap of $2.15 billion; its shares were traded at around $31.68 with a P/E ratio of 14.6 and P/S ratio of 1.3. Lincare Holdings Inc. had an annual average earning growth of 15.2% over the past 10 years. GuruFocus rated Lincare Holdings Inc. the business predictability rank of 4-star.
Sold Out: Nordstrom Inc. ( JWN)
John Hussman sold out his holdings in Nordstrom Inc.. His sale prices were between $18.31 and $32.23, with an estimated average price of $26.84.
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 $7 billion; its shares were traded at around $32.29 with a P/E ratio of 22.4 and P/S ratio of 0.8. The dividend yield of Nordstrom Inc. stocks is 2%. Nordstrom Inc. had an annual average earning growth of 20.2% over the past 10 years.
Sold Out: Glaxosmithkline Plc (GSK)
John Hussman sold out his holdings in Glaxosmithkline Plc. His sale prices were between $34.36 and $40.03, with an estimated average price of $38.34.
GlaxoSmithKline is one of the world's leading research based pharmaceutical and healthcare companies and is committed to improving the quality of human life by enabling people to do more feel better and live longer. They also have leadership in four major therapeutic areas: anti-infectives central nervous system ( CNS) respiratory and gastro-intestinal/metabolic. Glaxosmithkline Plc has a market cap of $105.62 billion; its shares were traded at around $40.71 with a P/E ratio of 11.6 and P/S ratio of 2.4. The dividend yield of Glaxosmithkline Plc stocks is 4.5%. Glaxosmithkline Plc had an annual average earning growth of 8.4% over the past 10 years. GuruFocus rated Glaxosmithkline Plc the business predictability rank of 3-star.
Sold Out: Patterson Companies Inc. ( PDCO)
John Hussman sold out his holdings in Patterson Companies Inc.. His sale prices were between $21.01 and $28.01, with an estimated average price of $25.26.
Patterson Companies Inc. is a value-added distributor serving the dental companion-pet veterinarian and rehabilitation supply markets. Patterson Companies Inc. has a market cap of $3.15 billion; its shares were traded at around $25.72 with a P/E ratio of 15.2 and P/S ratio of 1. Patterson Companies Inc. had an annual average earning growth of 20.3% over the past 10 years. GuruFocus rated Patterson Companies Inc. the business predictability rank of 5-star.
Sold Out: Pepsico Inc. ( PEP)
John Hussman sold out his holdings in Pepsico Inc.. His sale prices were between $54.68 and $59.86, with an estimated average price of $57.14.
PepsiCo Inc. consists of: Frito-Lay Company Pepsi-Cola Company and Tropicana Products. PepsiCo brands are among the best known and most respected in the world and are available in countries and territories throughout the world. PepsiCo's success is the result of superior products high standards of performance distinctive competitive strategies and the high integrity of its people. Pepsico Inc. has a market cap of $94.41 billion; its shares were traded at around $60.6 with a P/E ratio of 16.4 and P/S ratio of 2.2. The dividend yield of Pepsico Inc. stocks is 3%. Pepsico Inc. had an annual average earning growth of 8.4% over the past 10 years. GuruFocus rated Pepsico Inc. the business predictability rank of 2.5-star.
Sold Out: Genprobe Inc. (GPRO)
John Hussman sold out his holdings in Genprobe Inc.. His sale prices were between $37.12 and $42.06, with an estimated average price of $39.52.
Gen-Probe Inc. is a global leader in the development manufacture and marketing of rapid accurate and cost-effective nucleic acid testing ( NAT) products used for the clinical diagnosis of human diseases and for screening donated human blood. Using its patented NAT technology Gen-Probe has received FDA approvals for more than 40 products that detect a wide variety of infectious microorganisms including those causing sexually transmitted diseases tuberculosis strep throat pneumonia and fungal infections. Genprobe Inc. has a market cap of $2.08 billion; its shares were traded at around $41.29 with a P/E ratio of 22.7 and P/S ratio of 4.4. Genprobe Inc. had an annual average earning growth of 10.7% over the past 5 years.
Sold Out: Global Payments Inc. (GPN)
John Hussman sold out his holdings in Global Payments Inc.. His sale prices were between $35.94 and $46.66, with an estimated average price of $42.14.
Global Payments Inc. is a leading provider of electronic transaction processing services for consumers merchants Independent Sales Organizations financial institutions government agencies and multi- national corporations located throughout the United States Canada Latin America and Europe. Global Payments offers a comprehensive line of processing solutions for credit and debit cards business-to-business purchasing cards gift cards electronic check conversion and check guarantee verification and recovery as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America Morocco and the Philippines. Global Payments Inc. has a market cap of $4 billion; its shares were traded at around $49.58 with a P/E ratio of 22.2 and P/S ratio of 2.5. The dividend yield of Global Payments Inc. stocks is 0.2%. Global Payments Inc. had an annual average earning growth of 17.5% over the past 5 years.
Sold Out: Fujifilm Holdings Corp. (FUJI)
John Hussman sold out his holdings in Fujifilm Holdings Corp.. His sale prices were between $30.48 and $32.31, with an estimated average price of $31.41.
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 $16.34 billion; its shares were traded at around $31.97 with a P/E ratio of 21.6 and P/S ratio of 0.64. The dividend yield of Fujifilm Holdings Corp. stocks is 0.47%. Fujifilm Holdings Corp. had an annual average earning growth of 0.4% over the past 10 years.
Sold Out: Microchip Technology Inc. ( MCHP)
John Hussman sold out his holdings in Microchip Technology Inc.. His sale prices were between $21.84 and $27.97, with an estimated average price of $26.14.
Microchip Technology Inc. develops and manufactures specialized semiconductor products used by its customers for a wide variety of embedded control applications. Its product portfolio comprises microcontrollers; application-specific standard products; and related mixed-signal and memory products. The company markets its products to the consumer automotive office automation communications andindustrial markets. Microchip Technology Inc. has a market cap of $4.41 billion; its shares were traded at around $24.09 with a P/E ratio of 26.8 and P/S ratio of 4.9. The dividend yield of Microchip Technology Inc. stocks is 5.6%. Microchip Technology Inc. had an annual average earning growth of 12.6% over the past 10 years. GuruFocus rated Microchip Technology Inc. the business predictability rank of 4-star.
Sold Out: Zimmer Holdings Inc. (ZMH)
John Hussman sold out his holdings in Zimmer Holdings Inc.. His sale prices were between $39.24 and $53.91, with an estimated average price of $46.31.
Zimmer is a global leader in the design development manufacturing and market of reconstructive orthopaedic implants and fracture management products. Orthopaedic reconstruction implants restore joint function lost to disease or trauma in joints such as knees hips shoulders and elbows. Fracture management products are devices used primarily to reattach or stabilize damaged bone and tissue to support the body's natural healing process. Zimmer Holdings Inc. has a market cap of $11.31 billion; its shares were traded at around $52.77 with a P/E ratio of 13.8 and P/S ratio of 2.7. Zimmer Holdings Inc. had an annual average earning growth of 24.6% over the past 5 years.
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