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Longleaf Partners 2011 Letter to Shareholders

Mason Hawkins comments on Chesapeake Energy (NYSE:CHK), Loews (NYSE:L), Dell (NASDAQ:DELL), Aon (NYSE:AON), DirecTV (NASDAQ:DTV), TW Telecom (NASDAQ:TWTC), Lamar Advertising (NASDAQ:LAMR), Madison Square (NYSE:MSG), ACS, Fairfax (FFH), Philips and Carrefour (NASDAQ:CA).

Long Leaf Report to Shareholders

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