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Michael Price Buys CHUX, HTBK, MFE, PAY, Sells PEP, CIT, ATX, CF

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gurufocus

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This is the Q3 portfolio update for billionaire investor Michael Price. Michael Price likes to invest in small cap companies. If you are looking for bargains in small cap, you should look at his portfolio.

As of 09/30/2010, MFP Investors LLC owns 111 stocks with a total value of $488 million. These are the details of the buys and sells.

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

This is the sector weightings of his portfolio:

Financials 32.4%
Consumer Services 13.6%
Industrials 12.4%
Oil & Gas 10.7%
Health Care 10%
Consumer Goods 7.1%
Basic Materials 4.8%
Technology 2.5%
Utilities 1.1%


These are the top 5 holdings of Michael Price

  1. ConocoPhillips (COP) - 346,500 shares, 4.08% of the total portfolio.
  2. Citigroup Inc. (C) - 5,000,000 shares, 4.01% of the total portfolio. Shares added by 2.04%
  3. West Coast Bancorp (WCBO) - 8,535,000 shares, 3.99% of the total portfolio.
  4. SYMETRA FINANCIAL Corp. (SYA) - 1,790,000 shares, 3.84% of the total portfolio.
  5. GulfMark Offshore Inc. (GLF) - 552,100 shares, 3.48% of the total portfolio.


Added: Genzyme Corp. (GENZ)

Michael Price added to his holdings in Genzyme Corp. by 132.15%. His purchase prices were between $51.14 and $71.6, with an estimated average price of $65.38. The impact to his portfolio due to this purchase was 1.25%. His holdings were 150,900 shares as of 09/30/2010.

Genzyme Corporation is a global biotechnology company dedicated to making a major positive impact on the lives of people with serious diseases. Genzyme Corp. has a market cap of $17.8 billion; its shares were traded at around $69.84 with a P/E ratio of 77.6 and P/S ratio of 4. Genzyme Corp. had an annual average earning growth of 17.5% over the past 10 years. GuruFocus rated Genzyme Corp. the business predictability rank of 2.5-star.

Added: Granite Construction Inc. (GVA)

Michael Price added to his holdings in Granite Construction Inc. by 300.98%. His purchase prices were between $21.44 and $24.79, with an estimated average price of $23.13. The impact to his portfolio due to this purchase was 0.59%. His holdings were 168,913 shares as of 09/30/2010.

Granite Construction, Inc. is a diversified heavy civil constractor and construction materials producer. Granite Construction Inc. has a market cap of $1.04 billion; its shares were traded at around $26.93 with a P/E ratio of 192.3 and P/S ratio of 0.5. The dividend yield of Granite Construction Inc. stocks is 2%. Granite Construction Inc. had an annual average earning growth of 11.7% over the past 10 years.

Added: United Therapeutics Corp. (UTHR)

Michael Price added to his holdings in United Therapeutics Corp. by 38.29%. His purchase prices were between $46.22 and $56.07, with an estimated average price of $50.08. The impact to his portfolio due to this purchase was 0.3%. His holdings were 95,700 shares as of 09/30/2010.

UTD THERAPEUTIC is a biotechnology company focused on combating cardiovascular, inflammatory, and infectious diseases with unique therapeutic products. United Therapeutics Corp. has a market cap of $3.37 billion; its shares were traded at around $59.71 with a P/E ratio of 33.9 and P/S ratio of 9.

Added: Primoris Services Corporation (PRIM)

Michael Price added to his holdings in Primoris Services Corporation by 75.52%. His purchase prices were between $5.65 and $7.4, with an estimated average price of $6.3. The impact to his portfolio due to this purchase was 0.24%. His holdings were 419,500 shares as of 09/30/2010.

The industry-Policy Tracking System application resides at their state-of-the-art data center. Primoris Services Corporation has a market cap of $380.4 million; its shares were traded at around $8.47 with a P/E ratio of 11.8 and P/S ratio of 0.8. The dividend yield of Primoris Services Corporation stocks is 1.1%.

Added: Cache Inc. (CACH)

Michael Price added to his holdings in Cache Inc. by 10.11%. His purchase prices were between $4.12 and $5.74, with an estimated average price of $4.84. The impact to his portfolio due to this purchase was 0.17%. His holdings were 1,800,512 shares as of 09/30/2010.

Cache, Inc. is a specialty retailer which operates stores selling women's apparel and accessories under the trade names Cache and Lillie Rubin. Cache Inc. has a market cap of $57.9 million; its shares were traded at around $4.53 with and P/S ratio of 0.3.

Added: Bank Of America Corp. (BAC)

Michael Price added to his holdings in Bank Of America Corp. by 7.76%. His purchase prices were between $12.32 and $15.67, with an estimated average price of $13.68. The impact to his portfolio due to this purchase was 0.16%. His holdings were 832,800 shares as of 09/30/2010.

Bank of America Corp. is one of the world's financial services companies. Bank Of America Corp. has a market cap of $121.61 billion; its shares were traded at around $12.12 with a P/E ratio of 55.2 and P/S ratio of 0.8. The dividend yield of Bank Of America Corp. stocks is 0.3%.

Added: John Bean Tech Corp (JBT)

Michael Price added to his holdings in John Bean Tech Corp by 20.4%. His purchase prices were between $14.47 and $16.76, with an estimated average price of $15.64. The impact to his portfolio due to this purchase was 0.14%. His holdings were 257,331 shares as of 09/30/2010.

JOHN BEAN TECHNOLOGIES CORPORATION is a global solutions provider to the food processing and air transportation industries. John Bean Tech Corp has a market cap of $487.1 million; its shares were traded at around $17.3 with a P/E ratio of 15.3 and P/S ratio of 0.6. The dividend yield of John Bean Tech Corp stocks is 1.6%.

Added: Arkansas Best Corp. (ABFS)

Michael Price added to his holdings in Arkansas Best Corp. by 8.13%. His purchase prices were between $18.97 and $24.37, with an estimated average price of $21.86. The impact to his portfolio due to this purchase was 0.1%. His holdings were 272,720 shares as of 09/30/2010.

Arkansas Best Corporation is a diversified holding company engaged through its motor carrier subsidiaries in less-than-truckload and truckload shipments of general commodities, through its freight forwarding and logistics subsidiaries in intermodal marketing and freight logistics services. Arkansas Best Corp. has a market cap of $613.1 million; its shares were traded at around $24.22 with and P/S ratio of 0.4. The dividend yield of Arkansas Best Corp. stocks is 0.5%.

Added: Gyrodyne Company Of America Inc. (GYRO)

Michael Price added to his holdings in Gyrodyne Company Of America Inc. by 47.36%. His purchase prices were between $72.5 and $82, with an estimated average price of $78.48. The impact to his portfolio due to this purchase was 0.05%. His holdings were 9,291 shares as of 09/30/2010.

GYRODYNE CO AMERICA manages its real estate operation and is a passive investor as a limited partner in the Callery Judge Grove in Palm Beach County, FL. Gyrodyne Company Of America Inc. has a market cap of $100.7 million; its shares were traded at around $78.035 with and P/S ratio of 20.9.

New Purchase: O'charley's Inc. (CHUX)

Michael Price initiated holdings in O'charley's Inc.. His purchase prices were between $4.69 and $7.38, with an estimated average price of $6.25. The impact to his portfolio due to this purchase was 0.96%. His holdings were 650,335 shares as of 09/30/2010.

O'Charley's Inc. owns and operates restaurants that are intended to appeal to traditional casual dining customers as well as value-oriented customers by offering high quality food at moderate prices with outstanding customer service. O'charley's Inc. has a market cap of $152.8 million; its shares were traded at around $7.05 with and P/S ratio of 0.2.

New Purchase: Heritage Commerce Corp (HTBK)

Michael Price initiated holdings in Heritage Commerce Corp. His purchase prices were between $3.36 and $3.77, with an estimated average price of $3.53. The impact to his portfolio due to this purchase was 0.92%. His holdings were 1,280,000 shares as of 09/30/2010.

Heritage Commerce Corp. is the holding company of Heritage Bank of Commerce, Heritage Bank East Bay, Heritage Bank South Valley and Bank of Los Altos. Heritage Commerce Corp has a market cap of $44.9 million; its shares were traded at around $3.8 with and P/S ratio of 0.6.

New Purchase: Mcafee Inc. (MFE)

Michael Price initiated holdings in Mcafee Inc.. His purchase prices were between $29.92 and $47.35, with an estimated average price of $38.93. The impact to his portfolio due to this purchase was 0.77%. His holdings were 80,000 shares as of 09/30/2010.

McAfee, Inc. creates best-of-breed computer security solutions that prevent intrusions on networks and protect computer systems from the next generation of blended attacks and threats. Mcafee Inc. has a market cap of $7.28 billion; its shares were traded at around $47.27 with a P/E ratio of 25.2 and P/S ratio of 3.8.

New Purchase: Verifone Holdings Inc. (PAY)

Michael Price initiated holdings in Verifone Holdings Inc.. His purchase prices were between $18.43 and $29.5, with an estimated average price of $23.69. The impact to his portfolio due to this purchase was 0.32%. His holdings were 50,000 shares as of 09/30/2010.

Verifone Holdings, Inc., a global leader in secure electronic payment technologies, provides expertise, solutions and services for today with a migration strategy for tomorrow. Verifone Holdings Inc. has a market cap of $2.79 billion; its shares were traded at around $32.56 with a P/E ratio of 35 and P/S ratio of 3.3.

New Purchase: Palomar Medical Technologies Inc. (PMTI)

Michael Price initiated holdings in Palomar Medical Technologies Inc.. His purchase prices were between $8.73 and $11.71, with an estimated average price of $10.08. The impact to his portfolio due to this purchase was 0.24%. His holdings were 112,182 shares as of 09/30/2010.

PALOMAR MEDICAL TECHNOLOGIES INC. designs, manufactures, and markets lasers, delivery systems and related disposable products for use in cosmetic and medical procedures. Palomar Medical Technologies Inc. has a market cap of $216.1 million; its shares were traded at around $11.65 with and P/S ratio of 3.6.

New Purchase: Qlt Inc. (QLTI)

Michael Price initiated holdings in Qlt Inc.. His purchase prices were between $5.47 and $6.41, with an estimated average price of $5.85. The impact to his portfolio due to this purchase was 0.17%. His holdings were 133,893 shares as of 09/30/2010.

QLT PhotoTherapeutics Inc. is a world leader in the development and commercialization of proprietary pharmaceutical products for use in photodynamic therapy, an emerging field of medicine utilizing light-activated drugs in the treatment of disease. Qlt Inc. has a market cap of $308 million; its shares were traded at around $5.87 with and P/S ratio of 7.3.

New Purchase: Seachange International Inc. (SEAC)

Michael Price initiated holdings in Seachange International Inc.. His purchase prices were between $7.08 and $9.48, with an estimated average price of $8.15. The impact to his portfolio due to this purchase was 0.13%. His holdings were 86,300 shares as of 09/30/2010.

SeaChange International, Inc. develops, markets and supports products to manage, store and distribute digital video for television operators, broadcast and telecommunications companies. Seachange International Inc. has a market cap of $248.4 million; its shares were traded at around $7.9 with a P/E ratio of 27.3 and P/S ratio of 1.2.

Reduced: Allied World Assurance Company Holdings (AWH)

Michael Price reduced to his holdings in Allied World Assurance Company Holdings by 48.96%. His sale prices were between $44.99 and $56.6, with an estimated average price of $50.81. The impact to his portfolio due to this sale was -0.65%. Michael Price still held 58,893 shares as of 09/30/2010.

Allied World Assurance Company Holdings, Ltd, is one of Bermuda's property and casualty insurers. Allied World Assurance Company Holdings has a market cap of $2.88 billion; its shares were traded at around $58.98 with a P/E ratio of 7 and P/S ratio of 1.7. The dividend yield of Allied World Assurance Company Holdings stocks is 1.3%.

Reduced: Alcon Inc. (ACL)

Michael Price reduced to his holdings in Alcon Inc. by 30.45%. His sale prices were between $148.54 and $168.21, with an estimated average price of $159.5. The impact to his portfolio due to this sale was -0.58%. Michael Price still held 38,600 shares as of 09/30/2010.

Alcon, Inc. is the world's eye care company. Alcon Inc. has a market cap of $48.89 billion; its shares were traded at around $162.76 with a P/E ratio of 21.6 and P/S ratio of 7.6. The dividend yield of Alcon Inc. stocks is 2%. Alcon Inc. had an annual average earning growth of 18.3% over the past 10 years.

Reduced: Berkshire Hathaway Inc. (BRK.A)

Michael Price reduced to his holdings in Berkshire Hathaway Inc. by 28.38%. His sale prices were between $114433 and $125300, with an estimated average price of $119679. The impact to his portfolio due to this sale was -0.53%. Michael Price still held 53 shares as of 09/30/2010.

Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway Inc. has a market cap of $198.22 billion; its shares were traded at around $120351 with a P/E ratio of 22.8 and P/S ratio of 2.2. Berkshire Hathaway Inc. had an annual average earning growth of 3.7% over the past 10 years.

Reduced: Louisiana Bancorp Inc. (LABC)

Michael Price reduced to his holdings in Louisiana Bancorp Inc. by 88.82%. His sale prices were between $14.095 and $14.95, with an estimated average price of $14.54. The impact to his portfolio due to this sale was -0.48%. Michael Price still held 20,836 shares as of 09/30/2010.

Louisiana Bancorp, Inc., through its subsidiary, Bank of New Orleans, operates as a savings and loan holding company that provides various banking services principally in southern Louisiana. Louisiana Bancorp Inc. has a market cap of $59.9 million; its shares were traded at around $14.3 with a P/E ratio of 23.5 and P/S ratio of 3.4.

Reduced: Tfs Financial Corp. (TFSL)

Michael Price reduced to his holdings in Tfs Financial Corp. by 64.1%. His sale prices were between $8.98 and $12.88, with an estimated average price of $10.52. The impact to his portfolio due to this sale was -0.46%. Michael Price still held 140,000 shares as of 09/30/2010.

TFS Financial Corporation is a federally chartered stock holding company, conducts its activities through its wholly owned subsidiaries. Tfs Financial Corp. has a market cap of $2.56 billion; its shares were traded at around $8.31 with a P/E ratio of 277 and P/S ratio of 4.6.

Reduced: Tyco International Ltd. (switzerland) (TYC)

Michael Price reduced to his holdings in Tyco International Ltd. (switzerland) by 64.79%. His sale prices were between $34.43 and $39.79, with an estimated average price of $37.75. The impact to his portfolio due to this sale was -0.44%. Michael Price still held 31,250 shares as of 09/30/2010.

Tyco International Ltd., a diversified manufacturing and service company, is the world's largest manufacturer and servicer of electrical and electronic components and undersea telecommunications systems, the world's largest manufacturer, installer, and provider of fire protection systems and electronic security services, has strong leadership positions in disposable medical products, plastics, and adhesives, and is the largest manufacturer of flow control valves. Tyco International Ltd. (switzerland) has a market cap of $18.8 billion; its shares were traded at around $37.77 with a P/E ratio of 14.7 and P/S ratio of 1.1. The dividend yield of Tyco International Ltd. (switzerland) stocks is 2.2%.

Reduced: Abington Bancorp, Inc. (ABBC)

Michael Price reduced to his holdings in Abington Bancorp, Inc. by 28.65%. His sale prices were between $8.73 and $10.5, with an estimated average price of $9.67. The impact to his portfolio due to this sale was -0.17%. Michael Price still held 200,000 shares as of 09/30/2010.

Abington Community Bancorp, Inc. operates as the holding company for Abington Savings Bank, doing business as Abington Bank, which provides various commercial banking services in Pennsylvania. Abington Bancorp, Inc. has a market cap of $240.8 million; its shares were traded at around $11.93 with a P/E ratio of 62.8 and P/S ratio of 4.6. The dividend yield of Abington Bancorp, Inc. stocks is 1.6%.

Reduced: Warwick Valley Telephone Company (WWVY)

Michael Price reduced to his holdings in Warwick Valley Telephone Company by 48.87%. His sale prices were between $13.9 and $16, with an estimated average price of $14.24. The impact to his portfolio due to this sale was -0.03%. Michael Price still held 10,568 shares as of 09/30/2010.

WARWICK VALLEY TELEPHONE CO. is an independent telephone company with 13,506 access lines in New York State and 8,286 in New Jersey at December 31, 1995. Warwick Valley Telephone Company has a market cap of $80.4 million; its shares were traded at around $14.84 with a P/E ratio of 12.1 and P/S ratio of 3.3. The dividend yield of Warwick Valley Telephone Company stocks is 6.4%.

Sold Out: Pepsico Inc. (PEP)

Michael Price sold out his holdings in Pepsico Inc.. His sale prices were between $61.53 and $66.89, with an estimated average price of $65.01.

PepsiCo, Inc. consists of: Frito-Lay Company, Pepsi-Cola Company, and Tropicana Products. Pepsico Inc. has a market cap of $102.84 billion; its shares were traded at around $64.64 with a P/E ratio of 16.2 and P/S ratio of 2.4. The dividend yield of Pepsico Inc. stocks is 2.9%. Pepsico Inc. had an annual average earning growth of 8.9% over the past 10 years. GuruFocus rated Pepsico Inc. the business predictability rank of 4-star.

Sold Out: Cit Group Inc. (CIT)

Michael Price sold out his holdings in Cit Group Inc.. His sale prices were between $34.4 and $40.77, with an estimated average price of $37.7.

CIT Group Inc. is a bank holding company that provides financing and leasing capital for commercial companies throughout the world. Cit Group Inc. has a market cap of $8.28 billion; its shares were traded at around $41.34 with and P/S ratio of 2.1.

Sold Out: Cf Industries Holdings Inc. (CF)

Michael Price sold out his holdings in Cf Industries Holdings Inc.. His sale prices were between $67.34 and $101.69, with an estimated average price of $86.76.

CF Industries Holdings, Inc. is the holding company for the operations of CF Industries, Inc. Cf Industries Holdings Inc. has a market cap of $8.5 billion; its shares were traded at around $119.65 with a P/E ratio of 18.1 and P/S ratio of 3.3. The dividend yield of Cf Industries Holdings Inc. stocks is 0.3%. Cf Industries Holdings Inc. had an annual average earning growth of 85.7% over the past 5 years.

Sold Out: Cross Co (ATX)

Michael Price sold out his holdings in Cross Co. His sale prices were between $4.31 and $6.03, with an estimated average price of $5.49.

A.T. Cross Company has two reportable business segments: high quality writing instruments and pen-based computing products. Cross Co has a market cap of $91.1 million; its shares were traded at around $7.38 with a P/E ratio of 15.1 and P/S ratio of 0.6. Cross Co had an annual average earning growth of 25.8% over the past 5 years.

Sold Out: Primoris Services Corporation - Warrants 10/2/2010 (PRIMW)

Michael Price sold out his holdings in Primoris Services Corporation - Warrants 10/2/2010. His sale prices were between $0.68 and $2.2899, with an estimated average price of $1.32.

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Sold Out: Adaptec Inc. (ADPT)

Michael Price sold out his holdings in Adaptec Inc.. His sale prices were between $2.71 and $3.11, with an estimated average price of $2.95.

ADPT Corp., formerly known as Adaptec, Inc., is engaged in providing data center input/output solutions that protect, accelerate, optimize, and condition data in data center environments. Adaptec Inc. has a market cap of $365.78 million; its shares were traded at around $2.71 with and P/S ratio of 4.96.

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gurufocus
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