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Seth Klarman Buys First American Corp., Universal Compression Holdings, School Specialty Inc., Sells Courtside Acquisition Corp, Healthsouth Corp.

An used copy of Seth Klarman's book "Margin of Safety" is selling for more than $800. He manages the Baupost Group in 1980s, and has achieved impressive returns. These are the details of the buys and sells during the second quarter.

Seth Klarman buys First American Corp., Universal Compression Holdings, School Specialty Inc., Santa Monica Media Corporation, Columbus Acquisition Corp., Hanover Compressor Co., Vantage Energy Services, Inc, Oceanaut, Inc, Victory Acquisition Corp, sells Courtside Acquisition Corp, Healthsouth Cp during the 3-months ended 06/30/2007, according to the most recent filings of his investment company, The Baupost Group. Seth Klarman owns 49 stocks with a total value of $985 million. These are the details of the buys and sells.

Added: Syneron Medical Ltd. (ELOS)

Seth Klarman added to his holdings in Medical Equipment company Syneron Medical Ltd. by 28.86%. His purchase prices were between $24.98 and $26.52, with an estimated average price of $25.7. The impact to his portfolio due to this purchase was 1.1%. His holdings were 1,932,936 shares as of 06/30/2007.

Syneron Medical, Ltd. engages in the design, development, and marketing of aesthetic medical products based on its proprietary electro-optical synergy technology. Syneron Medical Ltd. has a market cap of $662.96 billion, its shares were traded at around $23.93 with with P/E ratio of 16.27 and P/S ratio of 4.81.

Added: U.S. Auto Parts Network, Inc. (PRTS)

Seth Klarman added to his holdings in Auto Parts company U.s. Auto Parts Network, Inc. by 60.56%. His purchase prices were between $5.55 and $9.41, with an estimated average price of $7.3. The impact to his portfolio due to this purchase was 0.35%. His holdings were 972,000 shares as of 06/30/2007.

U.S. Auto Parts Network, Inc. operates as an online retailer of aftermarket auto parts and accessories primarily in the United States. The company principally sells its products to individual consumers through a network of Web sites etc. U.S. AUTO PARTS NETWORK, INC. has a market cap of $265.80 billion, its shares were traded at around $8.88 with with P/E ratio of 189.57 and P/S ratio of 1.65.

Added: Acusphere Inc. (ACUS)

Seth Klarman added to his holdings in Biotechnology company Acusphere Inc. by 28.99%. His purchase prices were between $2.11 and $3.94, with an estimated average price of $2.9. The impact to his portfolio due to this purchase was 0.13%. His holdings were 2,600,582 shares as of 06/30/2007.

Acusphere, Inc., a specialty pharmaceutical company, develops new drugs and formulations of existing drugs using its proprietary porous microparticle technology in the United States. Acusphere Inc. has a market cap of $64.26 million, its shares were traded at around $1.67 with with P/S ratio of 41.36.

New Purchase: First American Corp. (FAF)

Seth Klarman initiated holdings in Property & Casualty Insurance company First American Corp.. His purchase prices were between $49.27 and $54.86, with an estimated average price of $51.2. The impact to his portfolio due to this purchase was 5.05%. His holdings were 1,005,800 shares as of 06/30/2007.

The First American Corporation, through its subsidiaries, provides business information and related products and services in the United States and internationally. First American Corp. has a market cap of $4.15 billion, its shares were traded at around $43.8 with with P/E ratio of 14.24 and P/S ratio of 0.48.

New Purchase: Universal Compression Holdings (UCO)

Seth Klarman initiated holdings in Oil Equipment & Services company Universal Compression Holdings. His purchase prices were between $67.25 and $79.52, with an estimated average price of $72. The impact to his portfolio due to this purchase was 4.77%. His holdings were 9,466 shares as of 06/30/2007.

Universal Compression Holdings, Inc., through its subsidiaries, provides natural gas compression services and products to the natural gas industry. The company's contract compression services include provision of personnel, equipment, tools, etc. Universal Compression Holdings has a market cap of $2.28 billion, its shares were traded at around $73.24 with with P/E ratio of 27.63 and P/S ratio of 2.08.

New Purchase: School Specialty Inc. (SCHS)

Seth Klarman initiated holdings in Business Support Services company School Specialty Inc.. His purchase prices were between $32.98 and $36.01, with an estimated average price of $34.8. The impact to his portfolio due to this purchase was 3.66%. His holdings were 1,018,893 shares as of 06/30/2007.

School Specialty, Inc. and its subsidiaries provide supplemental educational products and equipment to the pre-kindergarten through twelfth grade education market in the United States and Canada. School Specialty Inc. has a market cap of $756.30 billion, its shares were traded at around $35.97 with with P/E ratio of 44.63 and P/S ratio of 0.73.

New Purchase: Santa Monica Media Corporation (MEJ)

Seth Klarman initiated holdings in Business Support Services company Santa Monica Media Corporation. His purchase prices were between $7.35 and $7.45, with an estimated average price of $7.4. The impact to his portfolio due to this purchase was 0.57%. His holdings were 750,000 shares as of 06/30/2007.

Santa Monica Media Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, or other similar business combination with an unidentified operating business in the media, gaming, etc. SANTA MONICA MEDIA CORPORATION has a market cap of $120.45 billion, its shares were traded at around $7.51 with .

New Purchase: Columbus Acquisition Corp. (BUS)

Seth Klarman initiated holdings in Business Support Services company Columbus Acquisition Corp.. His purchase prices were between $7.36 and $7.42, with an estimated average price of $7.4. The impact to his portfolio due to this purchase was 0.56%. His holdings were 750,000 shares as of 06/30/2007.

Columbus Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, or other similar business combination with one or more operating businesses in Europe, Russia, and etc. COLUMBUS ACQUISITION CORP. has a market cap of $131.25 billion, its shares were traded at around $7.5 with .

New Purchase: Hanover Compressor Co. (HC)

Seth Klarman initiated holdings in Oil Equipment & Services company Hanover Compressor Co.. His purchase prices were between $22 and $26.09, with an estimated average price of $23.7. The impact to his portfolio due to this purchase was 0.55%. His holdings were 225,438 shares as of 06/30/2007.

Hanover Compressor Company, together with its subsidiaries, engages in the fabrication, sale, and rental of equipment for oil and natural gas production, processing, and transportation applications in the United States and internationally. Hanover Compressor Co. has a market cap of $2.67 billion, its shares were traded at around $24.49 with with P/E ratio of 30.31 and P/S ratio of 1.42.

New Purchase: Vantage Energy Services, Inc (VTG)

Seth Klarman initiated holdings in Oil Equipment & Services company Vantage Energy Services, Inc. His purchase prices were between $7.38 and $7.5, with an estimated average price of $7.4. The impact to his portfolio due to this purchase was 0.52%. His holdings were 675,000 shares as of 06/30/2007.

Vantage Energy Services, Inc. does not have significant operations. It intends to effect a merger, capital stock exchange, asset or stock acquisition, exchangeable share transaction, joint venture, or other similar business combination etc. VANTAGE ENERGY SERVICES, INC has a market cap of $N/A billion, its shares were traded at around $0 with .

New Purchase: Oceanaut, Inc (OKN)

Seth Klarman initiated holdings in Oil Equipment & Services company Oceanaut, Inc. His purchase prices were between $7.39 and $7.65, with an estimated average price of $7.5. The impact to his portfolio due to this purchase was 0.48%. His holdings were 625,000 shares as of 06/30/2007.

Oceanaut, Inc. does not have significant operations. It intends to acquire one or more operating businesses in the shipping industry through a merger, capital stock exchange, asset acquisition, stock purchase, or other similar business combination. OCEANAUT, INC has a market cap of $188.14 billion, its shares were traded at around $0 with .

New Purchase: Victory Acquisition Corp (VRY)

Seth Klarman initiated holdings in Oil Equipment & Services company Victory Acquisition Corp. His purchase prices were between $9.35 and $9.43, with an estimated average price of $9.4. The impact to his portfolio due to this purchase was 0.38%. His holdings were 400,000 shares as of 06/30/2007.

Victory Acquisition Corp. does not have significant operations. The company intends to acquire an unidentified operating business or several operating businesses through a merger, stock exchange, asset acquisition, reorganization, etc. VICTORY ACQUISITION CORP has a market cap of $385.56 billion, its shares were traded at around $0 with .

Reduced: Domtar Corporation (UFS)

Seth Klarman reduced to his holdings in Paper company Domtar Corporation by 47.2%. His sale prices were between $9.74 and $11.25, with an estimated average price of $10.4. The impact to his portfolio due to this sale was 2.54%. Seth Klarman still held 3,300,000 shares as of 06/30/2007.

Domtar Corporation, through its subsidiaries, operates as an integrated producer of uncoated free sheet paper and manufacturer of paper grade market pulp in North America. DOMTAR CORPORATION has a market cap of $3.63 billion, its shares were traded at around $8.96 with with P/E ratio of 13.23 and P/S ratio of 1.12.

Reduced: Infospace Inc. (INSP)

Seth Klarman reduced to his holdings in Internet company Infospace Inc. by 36.81%. His sale prices were between $18.4 and $24.72, with an estimated average price of $21.1. The impact to his portfolio due to this sale was 1.58%. Seth Klarman still held 918,138 shares as of 06/30/2007.

InfoSpace, Inc. develops tools and technologies that assist consumers with finding content and information on the Internet or mobile phone. It offers online search and directory services that enable Internet users to locate information,etc. InfoSpace Inc. has a market cap of $493.24 billion, its shares were traded at around $14.87 with with P/S ratio of 1.47.

Reduced: Horizon Lines, Inc. (HRZ)

Seth Klarman reduced to his holdings in Marine Transportation company Horizon Lines, Inc. by 28.77%. His sale prices were between $32.1 and $34.77, with an estimated average price of $33.3. The impact to his portfolio due to this sale was 1.2%. Seth Klarman still held 463,000 shares as of 06/30/2007.

Horizon Lines, Inc., through its subsidiaries, engages in container shipping and integrated logistics operations. The company also offers inland cargo trucking and logistics through its own trucking operations etc. Horizon Lines, Inc. has a market cap of $989.26 billion, its shares were traded at around $29.34 with with P/E ratio of 12.47 and P/S ratio of 0.81.

Reduced: General Finance Corporation (GFN)

Seth Klarman reduced to his holdings in Marine Transportation company General Finance Corporation by 48.54%. His sale prices were between $7.62 and $7.92, with an estimated average price of $7.8. The impact to his portfolio due to this sale was 0.15%. Seth Klarman still held 277,215 shares as of 06/30/2007.

General Finance Corporation does not have significant operations. The company, through its subsidiary GFN Australasia Finance Pty Limited, intends to complete a reverse merger transaction with RWA Holdings Pty Limited. General Finance Corporation has a market cap of $82.43 billion, its shares were traded at around $7.85 with with P/E ratio of 327.08.

Sold Out: Healthsouth Cp (HLS)

Seth Klarman sold out his holdings in Health Care Providers company Healthsouth Cp. His sale prices were between $18.43 and $21.46, with an estimated average price of $20.1. The impact to his portfolio due to this sale was less than 0.01%.

HealthSouth Corporation provides ambulatory surgery and rehabilitative health care services in the United States. The company operates inpatient rehabilitation facilities and long-term acute care hospitals, etc. HEALTHSOUTH CP has a market cap of $1.34 billion, its shares were traded at around $17.06 with with P/S ratio of 0.46.

Sold Out: Courtside Acquisition Corp (CRB)

Seth Klarman sold out his holdings in Health Care Providers company Courtside Acquisition Corp. His sale prices were between $5.32 and $5.63, with an estimated average price of $5.6. The impact to his portfolio due to this sale was less than 0.01%.

As of July 2, 2007, Courtside Acquisition Corp. was acquired by American Community Newspapers, LLC in a reverse merger transaction. Courtside Acquisition Corp. does not have significant operations. Courtside Acquisition Corp has a market cap of $ billion, its shares were traded at around $4.45.


Rating: 3.5/5 (19 votes)

Comments

expectingrain
Expectingrain - 7 years ago
Of all the gurus Seth's picks confound me the most.
supra082
Supra082 - 7 years ago
expectingrain:

I agree too. I read the guy's book last year (I had to wait two months on the library waiting list) and it was a gem. However, his picks always leave me scratching my head... I looked at all his new buys and did some due diligence on them and I am totally confused...

Maybe that's why the guy's a freakin genius.

Please leave your comment:


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