Edward Lampert is considered by many investors as one of best capital allocators. He built tremendous track record with his hedge fund. People have yet to see how he turns battered retailed Sears into a future Berkshire Hathaway. These are his stock picks during the 4 th quarter of 2007.
Edward Lampert adds to his positions in AutoNation, reduced CitiGroup, sells Clear Channel Communications Inc. during the 3-months ended 12/31/2007, according to the most recent filings of his investment company, ESL Investments. Edward Lampert owns 6 stocks with a total value of $11.3 billion. These are the details of the buys and sells.
Added: AutoNation Inc. (AN)
Edward Lampert added to his holdings in AutoNation Inc. by 17.55%. His purchase prices were between $15.2 and $17.97, with an estimated average price of $16.6. The impact to his portfolio due to this purchase was 1.21%. His holdings were 58,526,358 shares as of 12/31/2007.
AutoNation, Inc., through its subsidiaries, operates as an automotive retailer in the United States. The company offers a range of automotive products and services, including new vehicles, used vehicles, vehicle maintenance and repair services, etc. AutoNation Inc. has a market cap of $2.72 billion; its shares were traded at around $15.1 with a P/E ratio of 10.84 and P/S ratio of 0.15.
Added: Acxiom Corp. (ACXM)
Edward Lampert added to his holdings in Acxiom Corp. by 11.7%. His purchase prices were between $11.29 and $14.91, with an estimated average price of $12.6. The impact to his portfolio due to this purchase was 0.04%. His holdings were 3,293,989 shares as of 12/31/2007.
Acxiom Corporation provides customer and information management solutions for various companies worldwide. Its solutions include consumer and business data content; database management and marketing services; customer data integration (CDI) services. Acxiom Corp. has a market cap of $991.56 million; its shares were traded at around $12.87 with a P/E ratio of 17.37 and P/S ratio of 0.69. The dividend yield of Acxiom Corp. stocks is 2.1%.
Lampert bought his position in Acxiom Corp. during the third quarter of 2007, and he delayed the report of this purchase to the fourth quarter.
Reduced: Citigroup Inc. (C)
Edward Lampert reduced to his holdings in Citigroup Inc. by 31.32%. His sale prices were between $28.95 and $46.71, with an estimated average price of $35.1. The impact to his portfolio due to this sale was 3.78%. Edward Lampert still held 19,083,800 shares as of 12/31/2007.
Citigroup Inc. has a market cap of $127.26 billion; its shares were traded at around $25.48 with a P/E ratio of 35.54 and P/S ratio of 2.00. The dividend yield of Citigroup Inc. stocks is 4.8%.
Sold Out: Clear Channel Communications Inc. (CCU)
Edward Lampert sold out his holdings in Clear Channel Communications Inc.. The impact to his portfolio due to this sale was less than 0.01%.
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, etc. Clear Channel Communications Inc. has a market cap of $16.11 billion; its shares were traded at around $32.35 with a P/E ratio of 19.30 and P/S ratio of 2.04. The dividend yield of Clear Channel Communications Inc. stocks is 2.2%.