How did Charles Brandes become billionaire? By buying undervalued stocks in out of favor industries. As homebuilders and financials are trashed on Wall Street, Charles Brandes seems to love all of them, including Washington Mutual, Countrywide. These are the details.
Charles Brandes buys Countrywide Financial Corp., Washington Mutual Inc., CIT Group Inc., Argonaut Group Inc., Braskem S.A., Pulte Homes Inc., CIBA Specialty Chemicals Holdi, Centex Corp., Lennar Corp., Brunswick Corp., The Timberland Company, D.R. Horton Inc., Toll Brothers Inc., SAIA, INC., Valassis Communications Inc., Cott Corp., Circuit City Stores Inc., KB Home, Meritage Homes Corp., Standard Pacific Corp., Molson Coors Brewing Company, Hovnanian Enterprises Inc., Beazer Homes USA Inc., Chesapeake Corp., The Ryland Group Inc., Tele Norte Celular Participaes S.A., Biovail Corp., sells Fleetwood Enterprises Inc., International Business Machines Corp, Stoneridge Inc., Telus Corp., Triad Hospitals Inc., El Paso Corp., Idearc Inc., Philippine Long Distance Telephone Compa, Tyco International Ltd., InterVoice Inc., Tenet Healthcare Corp., Fairfax Financial Holdings Ltd., Dorel Industries, Inc. - Class B Subordinate Votin, NetBank Inc., PXRE Group Ltd., United Microelectronics Corp., Fresh Del Monte Produce Inc., BT Group plc during the 3-months ended 09/30/2007, according to the most recent filings of his investment company, Brandes Investment. Charles Brandes owns 196 stocks with a total value of $54.8 billion. These are the details of the buys and sells.
New Purchases: AGII, BAK, BC, BVF, BZH, CC, CFC, CIT, COT, CSBHY.PK, CSK, CTX, DHI, HOV, KBH, LEN, MTH, PHM, RYL, SAIA, SPF, TAP, TBL, TCN, TOL, VCI, WM,
Added Positions: AEG, AMGN, ASPV, AZN, BE, COA, CPWM, FBN, FRE, FSS, ITP, KCP, LSI, MAS, MFG, MMC, MOT, MTU, NIPNY, NNI, NVH, NVS, NZT, ORI, PNX, QI, QLTI, SCT, TDK, TEL, TNE, TV, VTNC,
Reduced Positions: ABN, AKZOY, AM, DLM, ESST, HUN, IFX, INTC, JDSU, KMA, MRK, PMACA, POL, PVD, SBS, STRT, T, TEF, UL, UN, ZQK,
Sold Out: BT, DIIB, EP, FDP, FFH, FLE, IAR, IBM, INTV, PHI, SRI, THC, TU, TYC, UMC,
Charles Brandes buys Countrywide Financial Corp., Washington Mutual Inc., CIT Group Inc., Argonaut Group Inc., Braskem S.A., Pulte Homes Inc., CIBA Specialty Chemicals Holdi, Centex Corp., Lennar Corp., Brunswick Corp., The Timberland Company, D.R. Horton Inc., Toll Brothers Inc., SAIA, INC., Valassis Communications Inc., Cott Corp., Circuit City Stores Inc., KB Home, Meritage Homes Corp., Standard Pacific Corp., Molson Coors Brewing Company, Hovnanian Enterprises Inc., Beazer Homes USA Inc., Chesapeake Corp., The Ryland Group Inc., Tele Norte Celular Participaes S.A., Biovail Corp., sells Fleetwood Enterprises Inc., International Business Machines Corp, Stoneridge Inc., Telus Corp., Triad Hospitals Inc., El Paso Corp., Idearc Inc., Philippine Long Distance Telephone Compa, Tyco International Ltd., InterVoice Inc., Tenet Healthcare Corp., Fairfax Financial Holdings Ltd., Dorel Industries, Inc. - Class B Subordinate Votin, NetBank Inc., PXRE Group Ltd., United Microelectronics Corp., Fresh Del Monte Produce Inc., BT Group plc during the 3-months ended 09/30/2007, according to the most recent filings of his investment company, Brandes Investment. Charles Brandes owns 196 stocks with a total value of $54.8 billion. These are the details of the buys and sells.
New Purchases: AGII, BAK, BC, BVF, BZH, CC, CFC, CIT, COT, CSBHY.PK, CSK, CTX, DHI, HOV, KBH, LEN, MTH, PHM, RYL, SAIA, SPF, TAP, TBL, TCN, TOL, VCI, WM,
Added Positions: AEG, AMGN, ASPV, AZN, BE, COA, CPWM, FBN, FRE, FSS, ITP, KCP, LSI, MAS, MFG, MMC, MOT, MTU, NIPNY, NNI, NVH, NVS, NZT, ORI, PNX, QI, QLTI, SCT, TDK, TEL, TNE, TV, VTNC,
Reduced Positions: ABN, AKZOY, AM, DLM, ESST, HUN, IFX, INTC, JDSU, KMA, MRK, PMACA, POL, PVD, SBS, STRT, T, TEF, UL, UN, ZQK,
Sold Out: BT, DIIB, EP, FDP, FFH, FLE, IAR, IBM, INTV, PHI, SRI, THC, TU, TYC, UMC,
