David Winters Buys The Washington Post Company, BCE Inc. Wynn Resorts Ltd., Sells Penn National Gaming Inc., Weyerhaeuser Company and Winthrop Realty Trust

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Feb 15, 2008
David Winters is a go-any-where value investor, he heavily invests in international companies. Interestingly, as a value investor, he does not use DCF, and he have achieved very good results with his fund. These are his buys and sells during the fourth quarter of 2007.


David Winters buys The Washington Post Company, BCE Inc., sells Winthrop Realty Trust during the 3-months ended 12/31/2007, according to the most recent filings of his investment company, Wintergreen Advisors. David Winters owns 20 stocks with a total value of $889 million. These are the details of the buys and sells.





New Purchases: BCE, WPO,


Added Positions: CHK, CNQ, CTO, FMX, RAI, TV, WYNN,


Reduced Positions: KOF, PENN, WY,


Sold Out: FUR,





Added: Wynn Resorts Ltd. (WYNN, Financial)


David Winters added to his holdings in Wynn Resorts Ltd. by 10.43%. His purchase prices were between $115.25 and $157.09, with an estimated average price of $131.8. The impact to his portfolio due to this purchase was 1.81%. His holdings were 1,521,681 shares as of 12/31/2007.


Wynn Resorts, Limited, together with its subsidiaries, engages in the development, ownership, and operation of destination casino resorts in the United States. Wynn Resorts Ltd. has a market cap of $12.11 billion; its shares were traded at around $107.4 with a P/E ratio of 58.47 and P/S ratio of 4.83.


Added: Reynolds American Inc. (RAI, Financial)


David Winters added to his holdings in Reynolds American Inc. by 13.86%. His purchase prices were between $60.6 and $69.63, with an estimated average price of $64.5. The impact to his portfolio due to this purchase was 1.54%. His holdings were 1,702,600 shares as of 12/31/2007.


Reynolds American, Inc., through its subsidiaries, engages in the manufacture and sale of cigarette products in the United States. It offers cigarettes and other tobacco products under the CAMEL, KOOL, DORAL, WINSTON, and SALEM brands, etc. Reynolds American Inc. has a market cap of $18.91 billion; its shares were traded at around $63.99 with a P/E ratio of 14.49 and P/S ratio of 2.69. The dividend yield of Reynolds American Inc. stocks is 5.3%.


Added: Fomento Economico Mexicano S.A.B. de C.V (FMX, Financial)


David Winters added to his holdings in Fomento Economico Mexicano S.A.B. de C.V by 23.58%. His purchase prices were between $30.32 and $39.27, with an estimated average price of $35. The impact to his portfolio due to this purchase was 1.27%. His holdings were 1,545,903 shares as of 12/31/2007.


Fomento Economico Mexicano, S.A.B. de C.V. operates as a beverage company in Latin America. It operates through three subholding companies: Coca-Cola FEMSA, S.A.B. de C.V.; FEMSA Cerveza, S.A. de C.V.; and FEMSA Comercio, S.A. de C.V. Fomento Economico Mexicano S.A.B. de C.V has a market cap of $14.47 billion; its shares were traded at around $41.02 with a P/E ratio of 22.09 and P/S ratio of 1.18. The dividend yield of Fomento Economico Mexicano S.A.B. de C.V stocks is 1.9%.


Added: Chesapeake Energy Corp. (CHK, Financial)


David Winters added to his holdings in Chesapeake Energy Corp. by 16.14%. His purchase prices were between $37.42 and $40.15, with an estimated average price of $38.6. The impact to his portfolio due to this purchase was 1.05%. His holdings were 1,715,950 shares as of 12/31/2007.


Chesapeake Energy Corporation, an oil and natural gas exploration and production company, engages in the acquisition, exploration, and development of properties for the production of crude oil and natural gas from underground reservoirs. Chesapeake Energy Corp. has a market cap of $20.42 billion; its shares were traded at around $42.89 with a P/E ratio of 13.57 and P/S ratio of 2.68. The dividend yield of Chesapeake Energy Corp. stocks is 0.7%.


Added: ConsolidatedTomoka Land Co (CTO, Financial)


David Winters added to his holdings in ConsolidatedTomoka Land Co by 9.92%. His purchase prices were between $62.75 and $68.57, with an estimated average price of $65.1. The impact to his portfolio due to this purchase was 0.94%. His holdings were 1,481,474 shares as of 12/31/2007.


Consolidated-Tomoka Land Co., through its wholly owned subsidiaries, engages in the real estate land sales and development, reinvestment of land sales proceeds into income properties, and golf course operations. ConsolidatedTomoka Land Co has a market cap of $306.00 million; its shares were traded at around $53.81 with a P/E ratio of 36.34 and P/S ratio of 8.30. The dividend yield of ConsolidatedTomoka Land Co stocks is 0.7%.


Added: Canadian Natural Resources Ltd. (CNQ, Financial)


David Winters added to his holdings in Canadian Natural Resources Ltd. by 19.94%. 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 0.66%. His holdings were 486,000 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 $34.7 billion; its shares were traded at around $65.14 with a P/E ratio of 16.28 and P/S ratio of 3.25. The dividend yield of Canadian Natural Resources Ltd. stocks is 0.5%.


Added: Grupo Televisa S.A. Global Depositary (TV, Financial)


David Winters added to his holdings in Grupo Televisa S.A. Global Depositary by 88.91%. His purchase prices were between $22.35 and $26.59, with an estimated average price of $24.2. The impact to his portfolio due to this purchase was 0.6%. His holdings were 479,830 shares as of 12/31/2007.


Grupo Televisa, S.A.B. and its subsidiaries operate as a media company in Mexico. The company operates in nine segments: Television Broadcasting, Sky Mexico, Programming Exports, Cable Television, Pay Television Networks, Publishing, Radio, Publishings etc. Grupo Televisa S.A. Global Depositary has a market cap of $12.89 billion; its shares were traded at around $23.16 with a P/E ratio of 18.79 and P/S ratio of 3.63. The dividend yield of Grupo Televisa S.A. Global Depositary stocks is 0.8%.


New Purchase: The Washington Post Company (WPO, Financial)


David Winters initiated holdings in The Washington Post Company. His purchase prices were between $774.02 and $821.08, with an estimated average price of $797.3. The impact to his portfolio due to this purchase was 3.06%. His holdings were 34,397 shares as of 12/31/2007.


The Washington Post Company, together with its subsidiaries, operates as a diversified media and education company in the United States and internationally. The Washington Post Company has a market cap of $7.02 billion; its shares were traded at around $739.17 with a P/E ratio of 23.46 and P/S ratio of 1.72. The dividend yield of The Washington Post Company stocks is 1.2%.


New Purchase: BCE Inc. (BCE, Financial)


David Winters initiated holdings in BCE Inc.. His purchase prices were between $37.82 and $43.42, with an estimated average price of $40.5. The impact to his portfolio due to this purchase was 0.83%. His holdings were 186,200 shares as of 12/31/2007.


BCE, Inc. provides wireline and wireless communications services, Internet access, data services, and video services to residential and business customers in Canada. BCE Inc. has a market cap of $28.35 billion; its shares were traded at around $35.81 with a P/E ratio of 7.22 and P/S ratio of 1.61. The dividend yield of BCE Inc. stocks is 4%.


Reduced: Penn National Gaming Inc. (PENN, Financial)


David Winters reduced to his holdings in Penn National Gaming Inc. by 35.06%. His sale prices were between $57.33 and $62.25, with an estimated average price of $60.1. The impact to his portfolio due to this sale was 1.51%. David Winters still held 305,424 shares as of 12/31/2007.


Penn National Gaming, Inc. engages in the ownership and operation of gaming and pari-mutuel properties in the United States. It also engages in the ownership and operation of racetrack and off-track wagering facilities. Penn National Gaming Inc. has a market cap of $4.12 billion; its shares were traded at around $48.61 with a P/E ratio of 26.39 and P/S ratio of 1.72.


Reduced: Weyerhaeuser Company (WY, Financial)


David Winters reduced to his holdings in Weyerhaeuser Company by 48.34%. His sale prices were between $67.17 and $74.85, with an estimated average price of $71.1. The impact to his portfolio due to this sale was 1.12%. David Winters still held 200,206 shares as of 12/31/2007.


Weyerhaeuser Company engages in growing and harvesting timber, as well as in the manufacture, distribution, and sale of forest products primarily in the United States and Canada. Weyerhaeuser Company has a market cap of $13.33 billion; its shares were traded at around $62.93 with a P/E ratio of 17.60 and P/S ratio of 0.81. The dividend yield of Weyerhaeuser Company stocks is 3.8%.


Reduced: CocaCola FEMSA S.A.B. de C.V. (KOF, Financial)


David Winters reduced to his holdings in CocaCola FEMSA S.A.B. de C.V. by 27.73%. His sale prices were between $41.05 and $48.72, with an estimated average price of $44.9. The impact to his portfolio due to this sale was 0.9%. David Winters still held 207,746 shares as of 12/31/2007.


Coca-Cola FEMSA, S.A.B. de C.V., together with its subsidiaries, operates as a bottler of Coca-Cola trademark beverages in Latin America. It produces, distributes, and markets Coca-Cola, Sprite, Fanta, Lift, and other Coca-Cola trademark beverages etc. CocaCola FEMSA S.A.B. de C.V. has a market cap of $10 billion; its shares were traded at around $54.98 with a P/E ratio of 17.54 and P/S ratio of 1.78. The dividend yield of CocaCola FEMSA S.A.B. de C.V. stocks is 1.6%.





Sold Out: Winthrop Realty Trust (FUR)


David Winters sold out his holdings in Winthrop Realty Trust. His sale prices were between $4.75 and $6.34, with an estimated average price of $5.2. The impact to his portfolio due to this sale was less than 0.01%.


Winthrop Realty Trust, a real estate investment trust (REIT), engages in the ownership and management of real property and real estate-related assets. As of September 30, 2005, the trust owned 16 triple net leased properties; 2 office buildings lo...Warning Winthrop Realty Trust has a market cap of $342.38 million; its shares were traded at around $5.19 with a P/E ratio of 7.24 and P/S ratio of 4.55. The dividend yield of Winthrop Realty Trust stocks is 4.6%.