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Bruce Berkowitz Buys WellCare Health Plans Inc., The St. Joe Company, The Progressive Corp., Sells Augusta Resource Corp., FreeportMcMoRan Copper & Gold Inc., XTO Energy Inc.

Bruce Berkowitz concentrates his investments in a relatively small number of companies. When he sees opportunities, he loads up the truck. Bruce Berkowitz thinks the manager of business is one of the most important factors in investment decisions. These are his buys and sells during the fourth quarter.

Bruce Berkowitz buys WellCare Health Plans Inc., The St. Joe Company, The Progressive Corp., The St. Joe Company, sells Augusta Resource Corp., FreeportMcMoRan Copper & Gold Inc., XTO Energy Inc. during the 3-months ended 12/31/2007, according to the most recent filings of his investment company, Fairholme Capital Managment. Bruce Berkowitz owns 33 stocks with a total value of $6.7 billion. These are the details of the buys and sells.

Added: Sears Holdings Corp. (SHLD)

Bruce Berkowitz added to his holdings in Sears Holdings Corp. by 113.53%. His purchase prices were between $102 and $142.36, with an estimated average price of $118.9. The impact to his portfolio due to this purchase was 5%. His holdings were 6,176,419 shares as of 12/31/2007.

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 $13.92 billion; its shares were traded at around $99.07 with a P/E ratio of 12.46 and P/S ratio of 0.26.

Added: EchoStar Communications Corp. (DISH)

Bruce Berkowitz added to his holdings in EchoStar Communications Corp. by 42.66%. His purchase prices were between $33.22 and $44.76, with an estimated average price of $39. The impact to his portfolio due to this purchase was 3.69%. His holdings were 21,898,042 shares as of 12/31/2007.

DISH Network Corporation provides satellite delivered digital television services in the United States. It offers direct broadcast satellite subscription television services, as well as provides video, audio and data channels, interactive television. EchoStar Communications Corp. has a market cap of $13.71 billion; its shares were traded at around $29.5 with a P/E ratio of 18.76 and P/S ratio of 1.23.

Added: Mohawk Industries Inc. (MHK)

Bruce Berkowitz added to his holdings in Mohawk Industries Inc. by 67.29%. His purchase prices were between $74.75 and $86.1, with an estimated average price of $79.8. The impact to his portfolio due to this purchase was 2.47%. His holdings were 5,520,021 shares as of 12/31/2007.

Mohawk Industries, Inc., together with its subsidiaries, engages in the production and sale of floor covering products for residential and commercial applications in the United States and Europe. Mohawk Industries Inc. has a market cap of $6.13 billion; its shares were traded at around $76.25 with a P/E ratio of 11.55 and P/S ratio of 0.79.

Added: USG Corp. (USG)

Bruce Berkowitz added to his holdings in USG Corp. by 19.29%. His purchase prices were between $35.79 and $39.02, with an estimated average price of $37.1. The impact to his portfolio due to this purchase was 0.57%. His holdings were 6,613,036 shares as of 12/31/2007.

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 $3.43 billion; its shares were traded at around $34.24 with a P/E ratio of 44.39 and P/S ratio of 0.65.

Added: Canadian Natural Resources Ltd. (CNQ)

Bruce Berkowitz added to his holdings in Canadian Natural Resources Ltd. by 1.77%. His purchase prices were between $65.39 and $81.6, with an estimated average price of $73.8. The impact to his portfolio due to this purchase was 0.39%. His holdings were 20,641,790 shares as of 12/31/2007.

Canadian Natural Resources Limited, through its subsidiaries, engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, natural gas liquids, and bitumen production. Canadian Natural Resources Ltd. has a market cap of $35.38 billion; its shares were traded at around $62.87 with a P/E ratio of 16.67 and P/S ratio of 3.15. The dividend yield of Canadian Natural Resources Ltd. stocks is 0.5%.

New Purchase: WellCare Health Plans Inc. (WCG)

Bruce Berkowitz initiated holdings in WellCare Health Plans Inc.. His purchase prices were between $27.37 and $116.23, with an estimated average price of $50.7. The impact to his portfolio due to this purchase was 4.85%. His holdings were 7,650,200 shares as of 12/31/2007.

WellCare Health Plans, Inc. provides managed care services exclusively for government-sponsored healthcare programs, focusing on Medicaid and Medicare in the United States. WellCare Health Plans Inc. has a market cap of $2.03 billion; its shares were traded at around $49.48 with a P/E ratio of 11.18 and P/S ratio of 0.43.

New Purchase: The St. Joe Company (JOE)

Bruce Berkowitz initiated holdings in The St. Joe Company. His purchase prices were between $28.17 and $35.53, with an estimated average price of $31.4. The impact to his portfolio due to this purchase was 1.91%. His holdings were 3,604,200 shares as of 12/31/2007.

The St. Joe Company, together with its subsidiaries, operates as a real estate development company in Florida. The company operates through four segments: Residential Real Estate, Commercial Real Estate, Rural Land Sales, and Forestry. The St. Joe Company has a market cap of $2.89 billion; its shares were traded at around $38.74 with a P/E ratio of 47.45 and P/S ratio of 4.42. The dividend yield of The St. Joe Company stocks is 1.8%.

New Purchase: The Progressive Corp. (PGR)

Bruce Berkowitz initiated holdings in The Progressive Corp.. His purchase prices were between $17.74 and $19.65, with an estimated average price of $18.4. The impact to his portfolio due to this purchase was 1.19%. His holdings were 4,160,200 shares as of 12/31/2007.

The Progressive Corporation, through its subsidiaries, provides personal and commercial automobile insurance and other specialty property-casualty insurance products and related services in the United States. The Progressive Corp. has a market cap of $12.55 billion; its shares were traded at around $18.4 with a P/E ratio of 11.21 and P/S ratio of 0.85. The dividend yield of The Progressive Corp. stocks is 0.8%.

Reduced: Penn West Energy Trust Trust Units (PWE)

Bruce Berkowitz reduced to his holdings in Penn West Energy Trust Trust Units by 27.04%. His sale prices were between $25.02 and $31.46, with an estimated average price of $27.8. The impact to his portfolio due to this sale was 1.99%. Bruce Berkowitz still held 6,505,250 shares as of 12/31/2007.

Penn West Energy Trust operates as an open-ended, unincorporated investment trust in Canada. The trust, through its subsidiaries, engages in acquiring, developing, exploiting, and holding interests in petroleum and natural gas properties and assets. Penn West Energy Trust Trust Units has a market cap of $6.8 billion; its shares were traded at around $27.2 with a P/E ratio of 39.61 and P/S ratio of 3.29. The dividend yield of Penn West Energy Trust Trust Units stocks is 16.2%.

Reduced: Berkshire Hathaway Inc. (BRK-B)

Bruce Berkowitz reduced to his holdings in Berkshire Hathaway Inc. by 29.7%. His sale prices were between $4233 and $4950, with an estimated average price of $4509.8. The impact to his portfolio due to this sale was 1.92%. Bruce Berkowitz still held 35,133 shares as of 12/31/2007.

No business summary available for BRK-B. Berkshire Hathaway Inc. has a market cap of $ million; its shares were traded at around $4659 .

Reduced: White Mountains Insurance Group Ltd. (WTM)

Bruce Berkowitz reduced to his holdings in White Mountains Insurance Group Ltd. by 28.5%. His sale prices were between $504.81 and $555.11, with an estimated average price of $517.3. The impact to his portfolio due to this sale was 0.12%. Bruce Berkowitz still held 21,322 shares as of 12/31/2007.

White Mountains Insurance Group, Ltd., through its subsidiaries, operates property and casualty insurance, and reinsurance businesses primarily in the United States and Europe. White Mountains Insurance Group Ltd. has a market cap of $5.12 billion; its shares were traded at around $482.4 with a P/E ratio of 12.80 and P/S ratio of 1.08. The dividend yield of White Mountains Insurance Group Ltd. stocks is 1.7%.

Reduced: Eastman Chemical Company (EMN)

Bruce Berkowitz reduced to his holdings in Eastman Chemical Company by 94.62%. His sale prices were between $60 and $67.55, with an estimated average price of $63.7. The impact to his portfolio due to this sale was 0.05%. Bruce Berkowitz still held 114,402 shares as of 12/31/2007.

Eastman Chemical Company engages in the manufacture and sale of various chemicals, plastics, and fibers primarily in the United States. It operates through five segments: Coatings, Adhesives, Specialty Polymers, and Inks; Fibers; Performance Chemicals. Eastman Chemical Company has a market cap of $5.33 billion; its shares were traded at around $66.45 with a P/E ratio of 18.66 and P/S ratio of 0.78. The dividend yield of Eastman Chemical Company stocks is 2.7%.

Reduced: Safety Insurance Group Inc. (SAFT)

Bruce Berkowitz reduced to his holdings in Safety Insurance Group Inc. by 94.31%. His sale prices were between $34.15 and $37.76, with an estimated average price of $36.3. The impact to his portfolio due to this sale was 0.01%. Bruce Berkowitz still held 28,500 shares as of 12/31/2007.

Safety Insurance Group, Inc., through its subsidiaries, provides private passenger automobile insurance in Massachusetts. It offers a portfolio of property and casualty insurance products, including commercial automobile, homeowners, dwelling fire. Safety Insurance Group Inc. has a market cap of $622.44 million; its shares were traded at around $37.65 with a P/E ratio of 6.63 and P/S ratio of 0.90. The dividend yield of Safety Insurance Group Inc. stocks is 4.1%.

Reduced: Mueller Water Products Inc. Series A (MWA)

Bruce Berkowitz reduced to his holdings in Mueller Water Products Inc. Series A by 98.24%. His sale prices were between $9.34 and $14.1, with an estimated average price of $10.6. The impact to his portfolio due to this sale was less than 0.01%. Bruce Berkowitz still held 13,400 shares as of 12/31/2007.

Mueller Water Products, Inc. manufacturers and markets various water infrastructure and flow control products for use in water distribution networks and facilities in the United States and Canada. Mueller Water Products Inc. Series A has a market cap of $1.01 billion; its shares were traded at around $8.47 with a P/E ratio of 34.45 and P/S ratio of 0.53. The dividend yield of Mueller Water Products Inc. Series A stocks is 0.9%.

Sold Out: FreeportMcMoRan Copper & Gold Inc. (FCX)

Bruce Berkowitz sold out his holdings in FreeportMcMoRan Copper & Gold Inc.. His sale prices were between $92.74 and $116.32, with an estimated average price of $105.8. The impact to his portfolio due to this sale was less than 0.01%.

Freeport-McMoRan Copper & Gold, Inc., through its subsidiaries, engages in the exploration, mining, and production of copper, gold, and silver. It holds interests primarily in the Grasberg open pit and the Deep Ore Zone mines in Indonesia. FreeportMcMoRan Copper & Gold Inc. has a market cap of $35.97 billion; its shares were traded at around $92.73 with a P/E ratio of 12.56 and P/S ratio of 2.09. The dividend yield of FreeportMcMoRan Copper & Gold Inc. stocks is 2.1%.

Sold Out: Augusta Resource Corp. (AZC)

Bruce Berkowitz sold out his holdings in Augusta Resource Corp.. His sale prices were between $3.56 and $4.36, with an estimated average price of $4. The impact to his portfolio due to this sale was less than 0.01%.

Augusta Resource Corporation, through its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Canada. It holds interests in Rosemont property located in Pima County, Arizona, Augusta Resource Corp. has a market cap of $325.10 million; its shares were traded at around $3.6 .

Sold Out: XTO Energy Inc. (XTO)

Bruce Berkowitz sold out his holdings in XTO Energy Inc.. His sale prices were between $49.37 and $53.56, with an estimated average price of $51.7. The impact to his portfolio due to this sale was less than 0.01%.

XTO Energy, Inc. and its subsidiaries engage in the acquisition, development, exploitation, and exploration of producing oil and gas properties in the United States. XTO Energy Inc. has a market cap of $27.37 billion; its shares were traded at around $55.98 with a P/E ratio of 16.15 and P/S ratio of 5.29. The dividend yield of XTO Energy Inc. stocks is 1%.


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