Mohnish Pabrai, known for his philosophy of "Heads I win, tails I don't lose much", the author of The Dhandho Investor, buys CompuCredit Corp., Ternium S.A., sells Freightcar America Inc. during the 3-months ended 06/30/2007, according to the most recent filings of his investment company, Pabrai Mohnish. Mohnish Pabrai owns 15 stocks with a total value of $469 million. These are the details of the buys and sells.
New Purchases: CCRT, TX,
Added Positions: BRK-B, FFH,
Reduced Positions: BRK-A, LEA, MDC, PNCL, SGU,
Sold Out: RAIL,
Added: Berkshirehathaway Inc. Cl B (BRK-B)
Mohnish Pabrai added to his holdings in Property & Casualty Insurance company Berkshirehathaway Inc. Cl B by 396.93%. His purchase prices were between $3578 and $3668, with an estimated average price of $3626.6. The impact to his portfolio due to this purchase was 9.43%. His holdings were 15,385 shares as of 06/30/2007.
No business summary available for BRK-B. BerkshireHathaway Inc. CL B has a market cap of $ billion, its shares were traded at around $3639 with .
Added: Fairfax Financial Holdings Ltd (FFH, Financial)
Mohnish Pabrai added to his holdings in Property & Casualty Insurance company Fairfax Financial Holdings Ltd by 25.57%. His purchase prices were between $192.61 and $228.61, with an estimated average price of $211. The impact to his portfolio due to this purchase was 2.47%. His holdings were 297,090 shares as of 06/30/2007.
Fairfax Financial Holdings Limited, through its subsidiaries, engages in property and casualty insurance and reinsurance, investment management, and insurance claims management activities. Fairfax Financial Holdings Ltd has a market cap of $3.36 billion, its shares were traded at around $193 with with P/E ratio of 52.43 and P/S ratio of 0.54.
New Purchase: CompuCredit Corp. (CCRT, Financial)
Mohnish Pabrai initiated holdings in Consumer Finance company CompuCredit Corp.. His purchase prices were between $33.15 and $37.88, with an estimated average price of $35.3. The impact to his portfolio due to this purchase was 12.02%. His holdings were 1,611,501 shares as of 06/30/2007.
CompuCredit Corporation provides credit and related financial services and products to underserved and un-banked consumers. It operates through four segments: Credit Cards; Investments in Previously Charged-Off Receivables; Retail Micro-Loans; etc. CompuCredit Corp. has a market cap of $1.12 billion, its shares were traded at around $23.12 with with P/E ratio of 32.41 and P/S ratio of 1.55.
New Purchase: Ternium S.a. (TX, Financial)
Mohnish Pabrai initiated holdings in Steel company Ternium S.a.. His purchase prices were between $25.58 and $31, with an estimated average price of $27.5. The impact to his portfolio due to this purchase was 10.59%. His holdings were 1,642,434 shares as of 06/30/2007.
Ternium S.A., through its subsidiaries, engages in the manufacture and distribution of flat and long steel products. It operates in three segments: Flat Steel Products, Long Steel Products, and Others. Ternium S.A. has a market cap of $5.75 billion, its shares were traded at around $28.97 with with P/E ratio of 6.72 and P/S ratio of 0.82.
Reduced: Pinnacle Airlines Corp. (PNCL, Financial)
Mohnish Pabrai reduced to his holdings in Airlines company Pinnacle Airlines Corp. by 34.17%. His sale prices were between $16.76 and $18.95, with an estimated average price of $17.8. The impact to his portfolio due to this sale was 4.1%. Mohnish Pabrai still held 1,378,538 shares as of 06/30/2007.
Pinnacle Airlines Corp., through its subsidiaries, operates as a regional airline that provides airline capacity to Northwest Airlines Corporation (Northwest) in the United States. Pinnacle Airlines Corp. has a market cap of $344.59 billion, its shares were traded at around $16.71 with with P/E ratio of 5.53 and P/S ratio of 0.44.
Reduced: MDC Holdings Inc. (MDC, Financial)
Mohnish Pabrai reduced to his holdings in Home Construction company Mdc Holdings Inc. by 56.42%. His sale prices were between $48.35 and $53.45, with an estimated average price of $50.9. The impact to his portfolio due to this sale was 0.93%. Mohnish Pabrai still held 140,901 shares as of 06/30/2007.
M.D.C. Holdings, Inc., through its subsidiaries, engages in building and financing homes in the United States. The company has two segments, Homebuilding, and Financial Services and Other. MDC Holdings Inc. has a market cap of $2.05 billion, its shares were traded at around $45.8 with with P/S ratio of 0.54.
Reduced: Star Gas Partners LP (SGU, Financial)
Mohnish Pabrai reduced to his holdings in Gas Distribution company Star Gas Partners Lp by 38.01%. His sale prices were between $4 and $4.83, with an estimated average price of $4.4. The impact to his portfolio due to this sale was 0.5%. Mohnish Pabrai still held 724,476 shares as of 06/30/2007.
Star Gas Partners, L.P. operates as a home heating oil distributor and services provider in the United States. It sells home heating oil; installs, maintains, and repairs heating and air conditioning equipment; and markets other petroleum products. Star Gas Partners LP has a market cap of $309.92 billion, its shares were traded at around $4.05 with with P/S ratio of 0.25.
Reduced: Berkshirehathaway Inc. Cl A (BRK-A)
Mohnish Pabrai reduced to his holdings in Property & Casualty Insurance company Berkshirehathaway Inc. Cl A by 96.06%. His sale prices were between $107400 and $110000, with an estimated average price of $109090. The impact to his portfolio due to this sale was 0.06%. Mohnish Pabrai still held 5 shares as of 06/30/2007.
Berkshire Hathaway, Inc. and its subsidiaries primarily engage in the insurance and reinsurance of property and casualty risks business. It provides automobile, multi line, and credit and income protection insurance; excess-of-loss reinsurance etc. BerkshireHathaway Inc. has a market cap of $172.65 billion, its shares were traded at around $111500 with with P/E ratio of 14.27 and P/S ratio of 1.54.
Reduced: Lear Corp. (LEA, Financial)
Mohnish Pabrai reduced to his holdings in Auto Parts company Lear Corp. by 98.83%. His sale prices were between $35.65 and $37.6, with an estimated average price of $36.3. The impact to his portfolio due to this sale was 0.03%. Mohnish Pabrai still held 7,001 shares as of 06/30/2007.
Lear Corporation and its subsidiaries engage in the design, manufacture, and sale of automotive seat, electrical distribution, and electronic products in the United States. Lear Corp. has a market cap of $2.34 billion, its shares were traded at around $30.37 with with P/S ratio of 0.14.
Sold Out: Freightcar America Inc. (RAIL, Financial)
Mohnish Pabrai sold out his holdings in Commercial Vehicles & Trucks company Freightcar America Inc.. His sale prices were between $45.36 and $51.56, with an estimated average price of $48.6. The impact to his portfolio due to this sale was less than 0.01%.
FreightCar America, Inc. engages in manufacturing, rebuilding, repairing, selling, and leasing freight cars used for hauling coal, other bulk commodities, steel and other metals, forest products, and automobiles in North America. FreightCar America Inc. has a market cap of $526.11 billion, its shares were traded at around $43.65 with with P/E ratio of 5.17 and P/S ratio of 0.41.
New Purchases: CCRT, TX,
Added Positions: BRK-B, FFH,
Reduced Positions: BRK-A, LEA, MDC, PNCL, SGU,
Sold Out: RAIL,
Added: Berkshirehathaway Inc. Cl B (BRK-B)
Mohnish Pabrai added to his holdings in Property & Casualty Insurance company Berkshirehathaway Inc. Cl B by 396.93%. His purchase prices were between $3578 and $3668, with an estimated average price of $3626.6. The impact to his portfolio due to this purchase was 9.43%. His holdings were 15,385 shares as of 06/30/2007.
No business summary available for BRK-B. BerkshireHathaway Inc. CL B has a market cap of $ billion, its shares were traded at around $3639 with .
Added: Fairfax Financial Holdings Ltd (FFH, Financial)
Mohnish Pabrai added to his holdings in Property & Casualty Insurance company Fairfax Financial Holdings Ltd by 25.57%. His purchase prices were between $192.61 and $228.61, with an estimated average price of $211. The impact to his portfolio due to this purchase was 2.47%. His holdings were 297,090 shares as of 06/30/2007.
Fairfax Financial Holdings Limited, through its subsidiaries, engages in property and casualty insurance and reinsurance, investment management, and insurance claims management activities. Fairfax Financial Holdings Ltd has a market cap of $3.36 billion, its shares were traded at around $193 with with P/E ratio of 52.43 and P/S ratio of 0.54.
New Purchase: CompuCredit Corp. (CCRT, Financial)
Mohnish Pabrai initiated holdings in Consumer Finance company CompuCredit Corp.. His purchase prices were between $33.15 and $37.88, with an estimated average price of $35.3. The impact to his portfolio due to this purchase was 12.02%. His holdings were 1,611,501 shares as of 06/30/2007.
CompuCredit Corporation provides credit and related financial services and products to underserved and un-banked consumers. It operates through four segments: Credit Cards; Investments in Previously Charged-Off Receivables; Retail Micro-Loans; etc. CompuCredit Corp. has a market cap of $1.12 billion, its shares were traded at around $23.12 with with P/E ratio of 32.41 and P/S ratio of 1.55.
New Purchase: Ternium S.a. (TX, Financial)
Mohnish Pabrai initiated holdings in Steel company Ternium S.a.. His purchase prices were between $25.58 and $31, with an estimated average price of $27.5. The impact to his portfolio due to this purchase was 10.59%. His holdings were 1,642,434 shares as of 06/30/2007.
Ternium S.A., through its subsidiaries, engages in the manufacture and distribution of flat and long steel products. It operates in three segments: Flat Steel Products, Long Steel Products, and Others. Ternium S.A. has a market cap of $5.75 billion, its shares were traded at around $28.97 with with P/E ratio of 6.72 and P/S ratio of 0.82.
Reduced: Pinnacle Airlines Corp. (PNCL, Financial)
Mohnish Pabrai reduced to his holdings in Airlines company Pinnacle Airlines Corp. by 34.17%. His sale prices were between $16.76 and $18.95, with an estimated average price of $17.8. The impact to his portfolio due to this sale was 4.1%. Mohnish Pabrai still held 1,378,538 shares as of 06/30/2007.
Pinnacle Airlines Corp., through its subsidiaries, operates as a regional airline that provides airline capacity to Northwest Airlines Corporation (Northwest) in the United States. Pinnacle Airlines Corp. has a market cap of $344.59 billion, its shares were traded at around $16.71 with with P/E ratio of 5.53 and P/S ratio of 0.44.
Reduced: MDC Holdings Inc. (MDC, Financial)
Mohnish Pabrai reduced to his holdings in Home Construction company Mdc Holdings Inc. by 56.42%. His sale prices were between $48.35 and $53.45, with an estimated average price of $50.9. The impact to his portfolio due to this sale was 0.93%. Mohnish Pabrai still held 140,901 shares as of 06/30/2007.
M.D.C. Holdings, Inc., through its subsidiaries, engages in building and financing homes in the United States. The company has two segments, Homebuilding, and Financial Services and Other. MDC Holdings Inc. has a market cap of $2.05 billion, its shares were traded at around $45.8 with with P/S ratio of 0.54.
Reduced: Star Gas Partners LP (SGU, Financial)
Mohnish Pabrai reduced to his holdings in Gas Distribution company Star Gas Partners Lp by 38.01%. His sale prices were between $4 and $4.83, with an estimated average price of $4.4. The impact to his portfolio due to this sale was 0.5%. Mohnish Pabrai still held 724,476 shares as of 06/30/2007.
Star Gas Partners, L.P. operates as a home heating oil distributor and services provider in the United States. It sells home heating oil; installs, maintains, and repairs heating and air conditioning equipment; and markets other petroleum products. Star Gas Partners LP has a market cap of $309.92 billion, its shares were traded at around $4.05 with with P/S ratio of 0.25.
Reduced: Berkshirehathaway Inc. Cl A (BRK-A)
Mohnish Pabrai reduced to his holdings in Property & Casualty Insurance company Berkshirehathaway Inc. Cl A by 96.06%. His sale prices were between $107400 and $110000, with an estimated average price of $109090. The impact to his portfolio due to this sale was 0.06%. Mohnish Pabrai still held 5 shares as of 06/30/2007.
Berkshire Hathaway, Inc. and its subsidiaries primarily engage in the insurance and reinsurance of property and casualty risks business. It provides automobile, multi line, and credit and income protection insurance; excess-of-loss reinsurance etc. BerkshireHathaway Inc. has a market cap of $172.65 billion, its shares were traded at around $111500 with with P/E ratio of 14.27 and P/S ratio of 1.54.
Reduced: Lear Corp. (LEA, Financial)
Mohnish Pabrai reduced to his holdings in Auto Parts company Lear Corp. by 98.83%. His sale prices were between $35.65 and $37.6, with an estimated average price of $36.3. The impact to his portfolio due to this sale was 0.03%. Mohnish Pabrai still held 7,001 shares as of 06/30/2007.
Lear Corporation and its subsidiaries engage in the design, manufacture, and sale of automotive seat, electrical distribution, and electronic products in the United States. Lear Corp. has a market cap of $2.34 billion, its shares were traded at around $30.37 with with P/S ratio of 0.14.
Sold Out: Freightcar America Inc. (RAIL, Financial)
Mohnish Pabrai sold out his holdings in Commercial Vehicles & Trucks company Freightcar America Inc.. His sale prices were between $45.36 and $51.56, with an estimated average price of $48.6. The impact to his portfolio due to this sale was less than 0.01%.
FreightCar America, Inc. engages in manufacturing, rebuilding, repairing, selling, and leasing freight cars used for hauling coal, other bulk commodities, steel and other metals, forest products, and automobiles in North America. FreightCar America Inc. has a market cap of $526.11 billion, its shares were traded at around $43.65 with with P/E ratio of 5.17 and P/S ratio of 0.41.
