GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Martin Whitman Adds to Forest City Enterprises Inc, MBIA Inc., Nuveen Investments Inc., USG Corp. etc. and Sears Holdings Corp., sells Lindsay Corp.,

The market is in fear with the credit crisis, legendary investor Martin Whitman is excited buying. He likes to buy companies that are undervalued relative to their balance sheets. These are the buys and sells during the 3 months ended 07/31.

Martin Whitman Adds to Forest City Enterprises Inc, MBIA Inc., Nuveen Investments Inc., USG Corp. etc., sells Lindsay Corp., Florida East Coast Industries during the 3-months ended 07/31/2007, according to the most recent filings of his investment company, Third Avenue Value Fund. Martin Whitman owns 102 stocks with a total value of $8.8 billion. These are the details of the buys and sells.

Added: Nuveen Investments Inc. (JNC)

Martin Whitman added to his holdings in Investment Services company Nuveen Investments Inc. by 383.96%. His purchase prices were between $52.75 and $62.59, with an estimated average price of $57.4. The impact to his portfolio due to this purchase was 1.3%. His holdings were 2,370,933 shares as of 07/31/2007.

Nuveen Investments, Inc. is a publicly owned investment manager. The firm provides its services to public pension funds, university endowments, foundations, insurers, and high-net-worth. Nuveen Investments Inc. has a market cap of $5.01 billion, its shares were traded at around $62.18 with with P/E ratio of 26.54 and P/S ratio of 6.37.

Added: MBIA Inc. (MBI)

Martin Whitman added to his holdings in Property & Casualty Insurance company MBIA Inc. by 57.51%. His purchase prices were between $57.56 and $70.26, with an estimated average price of $64.5. The impact to his portfolio due to this purchase was 1.27%. His holdings were 5,477,409 shares as of 07/31/2007.

MBIA, Inc., through its subsidiaries, provides financial guarantee insurance and credit protection products, as well as investment management services to public finance and structured finance issuers and investors, and capital market participants. MBIA Inc. has a market cap of $7.43 billion, its shares were traded at around $60 with with P/E ratio of 9.89 and P/S ratio of 2.59.

Added: Forest City Enterprises Inc. (FCE-A)

Martin Whitman added to his holdings in Real Estate Holding & Development company Forest City Enterprises Inc. by 24.9%. His purchase prices were between $54.81 and $69.25, with an estimated average price of $64.2. The impact to his portfolio due to this purchase was 0.83%. His holdings were 6,757,424 shares as of 07/31/2007.

Forest City Enterprises, Inc. engages in the ownership, development, management, and acquisition of commercial and residential real estate properties in the United States. Forest City Enterprises Inc. has a market cap of $5.72 billion, its shares were traded at around $55.55 with with P/E ratio of 53.78 and P/S ratio of 4.68.

Added: USG Corp. (USG)

Martin Whitman added to his holdings in Building Materials & Fixtures company USG Corp. by 66.67%. His purchase prices were between $41.92 and $51.73, with an estimated average price of $48.6. The impact to his portfolio due to this purchase was 0.47%. His holdings were 2,500,000 shares as of 07/31/2007.

USG Corporation, through its subsidiaries, engages in the manufacture and distribution of building materials worldwide. The company manufactures and markets gypsum and related products in the United States, Canada, and Mexico. USG Corp. has a market cap of $3.75 billion, its shares were traded at around $38.62 with with P/E ratio of 9.25 and P/S ratio of 0.69.

Added: Radian Group Inc. (RDN)

Martin Whitman added to his holdings in Property & Casualty Insurance company Radian Group Inc. by 57.75%. His purchase prices were between $41.47 and $62.8, with an estimated average price of $56.8. The impact to his portfolio due to this purchase was 0.35%. His holdings were 2,487,100 shares as of 07/31/2007.

Radian Group, Inc., through its subsidiaries and affiliates, operates as a credit enhancement company that provides credit protection products and financial services to mortgage lenders and other financial institutions. Radian Group Inc. has a market cap of $1.4 billion, its shares were traded at around $17.64 with with P/E ratio of 3.48 and P/S ratio of 1.17.

Added: Sears Holdings Corp. (SHLD)

Martin Whitman added to his holdings in Broadline Retailers company Sears Holdings Corp. by 18.88%. His purchase prices were between $136.2 and $180.44, with an estimated average price of $170.1. The impact to his portfolio due to this purchase was 0.05%. His holdings were 197,240 shares as of 07/31/2007.

Sears Holdings Corporation, through its subsidiaries, operates as a broad-line retailer in the United States and Canada. The company operates through three segments: Kmart, Sears Domestic, and Sears Canada. Sears Holdings Corp. has a market cap of $19.45 billion, its shares were traded at around $143.56 with with P/E ratio of 14.82 and P/S ratio of 0.37.

Added: Cimarex Energy Co. (XEC)

Martin Whitman added to his holdings in Exploration & Production company Cimarex Energy Co. by 28.67%. His purchase prices were between $38.01 and $42.08, with an estimated average price of $40.4. The impact to his portfolio due to this purchase was 0.04%. His holdings were 471,754 shares as of 07/31/2007.

Cimarex Energy Co. operates as an independent oil and gas exploration and production company. It primarily operates in Texas, Oklahoma, New Mexico, Louisiana, and the Gulf of Mexico. Cimarex Energy Co. has a market cap of $3.09 billion, its shares were traded at around $35.81 with with P/E ratio of 10.54 and P/S ratio of 2.43.

Added: FedFirst Financial Corp. (FFCO)

Martin Whitman added to his holdings in Banks company FedFirst Financial Corp. by 74.07%. His purchase prices were between $8.95 and $9.54, with an estimated average price of $9.2. The impact to his portfolio due to this purchase was 0.01%. His holdings were 301,821 shares as of 07/31/2007.

FedFirst Financial Corporation operates as the holding company for First Federal Savings Bank that provides various banking services to individual and business customers primarily in southwestern Pennsylvania. FedFirst Financial Corp. has a market cap of $59.97 million, its shares were traded at around $9.01 with with P/S ratio of 8.58.

Added: Gouverneur Bancorp Inc (GOV)

Martin Whitman added to his holdings in Banks company Gouverneur Bancorp Inc by 33.13%. His purchase prices were between $10.75 and $11, with an estimated average price of $10.9. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 189,315 shares as of 07/31/2007.

Gouverneur Bancorp, Inc., through its subsidiary, Gouverneur Savings and Loan Association, provides banking services to individuals and businesses in New York. Gouverneur Bancorp Inc has a market cap of $25.65 million, its shares were traded at around $11.05 with with P/E ratio of 23.77 and P/S ratio of 5.04.

Sold Out: Lindsay Corp. (LNN)

Martin Whitman sold out his holdings in Commercial Vehicles & Trucks company Lindsay Corp.. His sale prices were between $30.34 and $44.43, with an estimated average price of $37.7. The impact to his portfolio due to this sale was less than 0.01%.

Lindsay Corporation, through its subsidiaries, engages in the design and manufacture of self-propelled center pivot and lateral move irrigation systems for the agricultural industry in the United States and internationally. Lindsay Corp. has a market cap of $481.72 million, its shares were traded at around $40.53 with with P/E ratio of 33.13 and P/S ratio of 1.80.


Rating: 3.5/5 (20 votes)

Comments

commodity
Commodity - 6 years ago
A great value investor on net asset value and assets under management growth.

Little or no debt. Lots of cash per share.

Where assets have real world value.

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK