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Edward Lampert Buys The Home Depot Inc., Citigroup Inc., Sells Motorola Inc.

November 15, 2007 | About:

Billionaire hedge fund manager, Sears Chairman Edward Lampert has been successful with his hedge fund. His buys and sells are widely followed. This is what he did with his portfolio during the third quarter.

Edward Lampert buys The Home Depot Inc., Clear Channel Communications Inc., sells Motorola Inc. during the 3-months ended 09/30/2007, according to the most recent filings of his investment company, ESL Investments. Edward Lampert owns 6 stocks with a total value of $13.6 billion. These are the details of the buys and sells.

Added: Citigroup Inc. (C)

Edward Lampert added to his holdings in Banks company Citigroup Inc. by 12.01%. His purchase prices were between $44.89 and $51.25, with an estimated average price of $47.3. The impact to his portfolio due to this purchase was 1.02%. His holdings were 27,787,069 shares as of 09/30/2007. Citigroup Inc. has a market cap of $172.25 billion; its shares were traded at around $36.04 with P/E ratio of 9.30 and P/S ratio of 2.08. The dividend yield of Citigroup Inc. stocks is 6.5%.

New Purchase: The Home Depot Inc. (HD)

Edward Lampert initiated holdings in Specialty Retailers company The Home Depot Inc.. His purchase prices were between $32.44 and $40.61, with an estimated average price of $36.2. The impact to his portfolio due to this purchase was 3.97%. His holdings were 16,685,679 shares as of 09/30/2007.

The Home Depot, Inc. operates as a home improvement retailer primarily in the United States, Canada, and Mexico. It operates The Home Depot stores, which sell building materials, home improvement supplies, and lawn and garden products to do-it-youselfers. The Home Depot Inc. has a market cap of $57.32 billion; its shares were traded at around $29.03 with P/E ratio of 11.47 and P/S ratio of 0.64. The dividend yield of The Home Depot Inc. stocks is 3.2%.

New Purchase: Clear Channel Communications Inc. (CCU)

Edward Lampert initiated holdings in Broadcasting & Entertainment company Clear Channel Communications Inc.. His purchase prices were between $34.75 and $37.71, with an estimated average price of $36.8. The impact to his portfolio due to this purchase was 0.13%. His holdings were 464,600 shares as of 09/30/2007.

Clear Channel Communications, Inc. operates as a diversified media company. It has two segments, Radio Broadcasting and Outdoor Advertising. The Radio Broadcasting segment includes radio stations, for which it operates as a licensee. Clear Channel Communications Inc. has a market cap of $17.55 billion; its shares were traded at around $35.2 with P/E ratio of 21.03 and P/S ratio of 2.38. The dividend yield of Clear Channel Communications Inc. stocks is 2.1%.

Sold Out: Motorola Inc. (MOT)

Edward Lampert sold out his holdings in Telecom Equipment company Motorola Inc.. His sale prices were between $16.26 and $18.53, with an estimated average price of $17.2. The impact to his portfolio due to this sale was less than 0.01%.

Motorola, Inc. provides wireless and broadband communication products worldwide. It operates through three segments: Mobile Devices, Home and Networks Mobility, and Enterprise Mobility Solutions. Motorola Inc. has a market cap of $37.6 billion; its shares were traded at around $16.64 with P/E ratio of 81.89 and P/S ratio of 0.98. The dividend yield of Motorola Inc. stocks is 1.2%.

 


Rating: 3.2/5 (18 votes)

Comments

John Krantz
John Krantz - 6 years ago
A Home Depot/Sears merger would be interesting. Possible? I think so...he has something up his sleeve. Its funny to me how so many self proclaimed "value investors" knock someone with a good record whose companies price is down, instead of seeing an opportunity. Expect some kind of huge merger for sears in the near future.
Gangstarr
Gangstarr - 6 years ago
I respect Eddie as a "value investor." He clearly has what it takes to be successful.

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