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HOTCHKIS & WILEY Buys Wachovia Corp., Citigroup Inc., AstraZeneca PLC, Sells Alcoa Inc., Kraft Foods Inc., ScheringPlough Corp.

Value investing team HOTCHKIS & WILEY focuses on important investment parameters such as a company's tangible assets, sustainable cash flow, and potential for improving business performance. Similar to many other successful value investors, they have underperformed lately. These are their buys and sells during the 4th quarter.

HOTCHKIS & WILEY buys Wachovia Corp., Citigroup Inc., AstraZeneca PLC, National City Corp., Ashland Inc., FedEx Corp., First Horizon National Corp., Capital One Financial Corp., Webster Financial Corp., PhillipsVan Heusen Corp., KSwiss Inc., The Great Atlantic & Pacific Tea Company, Wet Seal Inc., sells Unilever PLC, Kraft Foods Inc., ScheringPlough Corp., Alcoa Inc., PetroCanada, Assurant Inc., Wyndham Worldwide Corp., FMC Corp., Overseas Shipholding Group Inc., The Ryland Group Inc., EDO Corp., Pathmark Stores Inc., BearingPoint Inc., Meritage Homes Corp., KMG America Corp. during the 3-months ended 12/31/2007, according to the most recent filings of his investment company, HOTCHKIS & WILEY Capital Managment LLC. HOTCHKIS & WILEY owns 117 stocks with a total value of $24.6 billion. These are the details of the buys and sells.

Added: Washington Mutual Inc. (WM)

HOTCHKIS & WILEY added to his holdings in Washington Mutual Inc. by 487.47%. His purchase prices were between $12.95 and $34.21, with an estimated average price of $21. The impact to his portfolio due to this purchase was 2%. His holdings were 43,488,092 shares as of 12/31/2007.

Washington Mutual, Inc., together with its subsidiaries, operates as a consumer and small business banking company in the United States. It operates in four segments: Retail Banking, Card Services, Commercial, and Home Loans. Washington Mutual Inc. has a market cap of $14.42 billion; its shares were traded at around $17.01 with P/S ratio of 1.33. The dividend yield of Washington Mutual Inc. stocks is 3.7%.

Added: Freddie Mac (FRE)

HOTCHKIS & WILEY added to his holdings in Freddie Mac by 76.61%. His purchase prices were between $26.25 and $60.13, with an estimated average price of $40.5. The impact to his portfolio due to this purchase was 1.28%. His holdings were 21,245,650 shares as of 12/31/2007.

Freddie Mac has a market cap of $17.85 billion; its shares were traded at around $28.4 with P/S ratio of 8.78. The dividend yield of Freddie Mac stocks is 3.4%.

Added: Ltd. Brands Inc. (LTD)

HOTCHKIS & WILEY added to his holdings in Ltd. Brands Inc. by 203.63%. His purchase prices were between $18.22 and $21.9, with an estimated average price of $19.8. The impact to his portfolio due to this purchase was 0.74%. His holdings were 14,241,500 shares as of 12/31/2007.

Limited Brands, Inc. sells women's and men's apparel, lingerie, beauty, and personal care products primarily in the United States and Canada. Ltd. Brands Inc. has a market cap of $6.12 billion; its shares were traded at around $17.55 with a P/E ratio of 8.86 and P/S ratio of 0.57. The dividend yield of Ltd. Brands Inc. stocks is 3.5%.

Added: KeyCorp (KEY)

HOTCHKIS & WILEY added to his holdings in KeyCorp by 283.28%. His purchase prices were between $22.67 and $32.55, with an estimated average price of $26. The impact to his portfolio due to this purchase was 0.36%. His holdings were 5,131,400 shares as of 12/31/2007.

KeyCorp operates as the holding company for KeyBank National Association, which provides various banking services to individual, corporate, and institutional clients in the United States. KeyCorp has a market cap of $9.21 billion; its shares were traded at around $24.34 with a P/E ratio of 10.20 and P/S ratio of 2.14. The dividend yield of KeyCorp stocks is 6%.

Added: Bank of America Corp. (BAC)

HOTCHKIS & WILEY added to his holdings in Bank of America Corp. by 23.9%. His purchase prices were between $41.1 and $51.32, with an estimated average price of $44.6. The impact to his portfolio due to this purchase was 0.36%. His holdings were 11,029,493 shares as of 12/31/2007.

Bank of America Corp. has a market cap of $189.36 billion; its shares were traded at around $42.7 with a P/E ratio of 12.76 and P/S ratio of 3.27. The dividend yield of Bank of America Corp. stocks is 6.5%.

Added: The Home Depot Inc. (HD)

HOTCHKIS & WILEY added to his holdings in The Home Depot Inc. by 12.67%. His purchase prices were between $26.63 and $33.17, with an estimated average price of $29. The impact to his portfolio due to this purchase was 0.28%. His holdings were 22,324,949 shares as of 12/31/2007.

The Home Depot Inc. has a market cap of $46.09 billion; its shares were traded at around $27.52 with a P/E ratio of 11.39 and P/S ratio of 0.52. The dividend yield of The Home Depot Inc. stocks is 3.2%.

Added: Safeway Inc. (SWY)

HOTCHKIS & WILEY added to his holdings in Safeway Inc. by 23.99%. His purchase prices were between $30.65 and $35.32, with an estimated average price of $33.7. The impact to his portfolio due to this purchase was 0.2%. His holdings were 7,319,800 shares as of 12/31/2007.

Safeway, Inc., together with its subsidiaries, operates as a food and drug retailer in North America. The company operates stores that provide an array of dry grocery items, food, and general merchandise, as well as features specialty departments, Safeway Inc. has a market cap of $14.02 billion; its shares were traded at around $31.99 with a P/E ratio of 15.78 and P/S ratio of 0.34. The dividend yield of Safeway Inc. stocks is 0.9%.

Added: Great Plains Energy Inc. (GXP)

HOTCHKIS & WILEY added to his holdings in Great Plains Energy Inc. by 52.88%. His purchase prices were between $28.23 and $30.24, with an estimated average price of $29.4. The impact to his portfolio due to this purchase was 0.09%. His holdings were 2,162,600 shares as of 12/31/2007.

Great Plains Energy Incorporated, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. Great Plains Energy Inc. has a market cap of $2.33 billion; its shares were traded at around $27.16 with a P/E ratio of 14.63 and P/S ratio of 0.72. The dividend yield of Great Plains Energy Inc. stocks is 6.2%.

New Purchase: Wachovia Corp. (WB)

HOTCHKIS & WILEY initiated holdings in Wachovia Corp.. His purchase prices were between $38.05 and $49.86, with an estimated average price of $42.1. The impact to his portfolio due to this purchase was 1.91%. His holdings were 12,340,700 shares as of 12/31/2007.

Wachovia Corporation, a financial holding company, provides commercial and retail banking services, and other financial services in the United States and internationally. Wachovia Corp. has a market cap of $66.23 billion; its shares were traded at around $33.76 with a P/E ratio of 10.35 and P/S ratio of 2.27. The dividend yield of Wachovia Corp. stocks is 7%.

New Purchase: Citigroup Inc. (C)

HOTCHKIS & WILEY initiated holdings in Citigroup Inc.. His purchase prices were between $28.95 and $46.71, with an estimated average price of $35.1. The impact to his portfolio due to this purchase was 1.64%. His holdings were 13,646,500 shares as of 12/31/2007.

Citigroup Inc. has a market cap of $126.46 billion; its shares were traded at around $25.48 with a P/E ratio of 35.31 and P/S ratio of 1.98. The dividend yield of Citigroup Inc. stocks is 4.8%.

New Purchase: AstraZeneca PLC (AZN)

HOTCHKIS & WILEY initiated holdings in AstraZeneca PLC. His purchase prices were between $41.71 and $50.75, with an estimated average price of $45.4. The impact to his portfolio due to this purchase was 1.14%. His holdings were 6,527,300 shares as of 12/31/2007.

AstraZeneca PLC discovers, develops, manufactures, and markets prescription pharmaceuticals in the areas of cardiovascular, gastrointestinal, neuroscience, oncology, respiratory and inflammation, and infection worldwide. AstraZeneca PLC has a market cap of $57.22 billion; its shares were traded at around $38.76 with a P/E ratio of 10.53 and P/S ratio of 1.91. The dividend yield of AstraZeneca PLC stocks is 4.1%.

New Purchase: National City Corp. (NCC)

HOTCHKIS & WILEY initiated holdings in National City Corp.. His purchase prices were between $16.26 and $24.95, with an estimated average price of $20.3. The impact to his portfolio due to this purchase was 0.77%. His holdings were 11,554,700 shares as of 12/31/2007.

National City Corporation (NCC), a financial holding company, provides commercial and retail banking, mortgage financing and servicing, consumer finance, and asset management services in the United States. National City Corp. has a market cap of $10.16 billion; its shares were traded at around $16.42 with a P/E ratio of 31.25 and P/S ratio of 1.83. The dividend yield of National City Corp. stocks is 5.1%.

New Purchase: Ashland Inc. (ASH)

HOTCHKIS & WILEY initiated holdings in Ashland Inc.. His purchase prices were between $46.9 and $65.73, with an estimated average price of $53.1. The impact to his portfolio due to this purchase was 0.21%. His holdings were 1,062,600 shares as of 12/31/2007.

Ashland, Inc. provides various products and services in the United States and internationally. It operates in four segments: Ashland Distribution, Ashland Performance Materials, Valvoline, and Ashland Water Technologies. Ashland Inc. has a market cap of $2.91 billion; its shares were traded at around $45.11 with a P/E ratio of 13.76 and P/S ratio of 0.36. The dividend yield of Ashland Inc. stocks is 2.5%.

New Purchase: FedEx Corp. (FDX)

HOTCHKIS & WILEY initiated holdings in FedEx Corp.. His purchase prices were between $90.62 and $107.4, with an estimated average price of $98.8. The impact to his portfolio due to this purchase was 0.16%. His holdings were 445,900 shares as of 12/31/2007.

FedEx Corporation, together with its subsidiaries, provides transportation, e-commerce, and business services. It operates in four segments: FedEx Express, FedEx Ground, FedEx Freight, and FedEx Kinko's. FedEx Corp. has a market cap of $27.62 billion; its shares were traded at around $87.92 with a P/E ratio of 13.88 and P/S ratio of 0.75. The dividend yield of FedEx Corp. stocks is 0.4%.

New Purchase: Capital One Financial Corp. (COF)

HOTCHKIS & WILEY initiated holdings in Capital One Financial Corp.. His purchase prices were between $46.22 and $70.31, with an estimated average price of $54.8. The impact to his portfolio due to this purchase was 0.14%. His holdings were 708,500 shares as of 12/31/2007.

Capital One Financial Corporation operates as the holding company for the Capital One Bank and Capital One, F.S.B, which offer various commercial banking services in the United States. Capital One Financial Corp. has a market cap of $17.91 billion; its shares were traded at around $47.66 with a P/E ratio of 12.11 and P/S ratio of 1.49. The dividend yield of Capital One Financial Corp. stocks is 0.2%.

New Purchase: First Horizon National Corp. (FHN)

HOTCHKIS & WILEY initiated holdings in First Horizon National Corp.. His purchase prices were between $18.09 and $25.3, with an estimated average price of $21.8. The impact to his portfolio due to this purchase was 0.14%. His holdings were 1,876,900 shares as of 12/31/2007.

First Horizon National Corporation operates as a holding company for First Tennessee Bank National Association, which provides various financial services in the United States. First Horizon National Corp. has a market cap of $2.25 billion; its shares were traded at around $18.46 with a P/E ratio of 14.67 and P/S ratio of 1.22. The dividend yield of First Horizon National Corp. stocks is 4.1%.

New Purchase: Webster Financial Corp. (WBS)

HOTCHKIS & WILEY initiated holdings in Webster Financial Corp.. His purchase prices were between $31.89 and $41.56, with an estimated average price of $34.2. The impact to his portfolio due to this purchase was 0.04%. His holdings were 284,000 shares as of 12/31/2007.

Webster Financial Corporation operates as the holding company for the Webster Bank, National Association (the bank) and Webster Insurance, Inc. The bank provides retail banking, commercial banking, health savings accounts, consumer financing, Webster Financial Corp. has a market cap of $1.59 billion; its shares were traded at around $31.13 with a P/E ratio of 17.19 and P/S ratio of 2.54. The dividend yield of Webster Financial Corp. stocks is 4%.

New Purchase: PhillipsVan Heusen Corp. (PVH)

HOTCHKIS & WILEY initiated holdings in PhillipsVan Heusen Corp.. His purchase prices were between $37.47 and $50.18, with an estimated average price of $42.7. The impact to his portfolio due to this purchase was 0.03%. His holdings were 217,300 shares as of 12/31/2007.

Phillips-Van Heusen Corporation engages in the design and marketing of branded dress shirts, sportswear, and footwear and other related products worldwide. PhillipsVan Heusen Corp. has a market cap of $2.09 billion; its shares were traded at around $38.14 with a P/E ratio of 11.89 and P/S ratio of 0.90. The dividend yield of PhillipsVan Heusen Corp. stocks is 0.4%.

New Purchase: The Great Atlantic & Pacific Tea Company (GAP)

HOTCHKIS & WILEY initiated holdings in The Great Atlantic & Pacific Tea Company. His purchase prices were between $28.48 and $31.77, with an estimated average price of $30.3. The impact to his portfolio due to this purchase was 0.02%. His holdings were 177,174 shares as of 12/31/2007.

The Great Atlantic & Pacific Tea Company, Inc. (A&P) engages in the retail food business. The company operates conventional supermarkets, combination food and drug stores, and discount food stores under A&P, Super Fresh, Sav-A-Center, etc. The Great Atlantic & Pacific Tea Company has a market cap of $1.68 billion; its shares were traded at around $29.38 with P/S ratio of 0.24.

New Purchase: KSwiss Inc. (KSWS)

HOTCHKIS & WILEY initiated holdings in KSwiss Inc.. His purchase prices were between $16.58 and $22.64, with an estimated average price of $19.4. The impact to his portfolio due to this purchase was 0.02%. His holdings were 241,000 shares as of 12/31/2007.

K•Swiss, Inc., together with its subsidiaries, primarily engages in the design, development, and marketing of athletic footwear for sports use, fitness activities, and casual wear. KSwiss Inc. has a market cap of $655.81 million; its shares were traded at around $19.09 with a P/E ratio of 13.62 and P/S ratio of 1.56. The dividend yield of KSwiss Inc. stocks is 1.1%.

New Purchase: Wet Seal Inc. (WTSLA)

HOTCHKIS & WILEY initiated holdings in Wet Seal Inc.. His purchase prices were between $2.08 and $3.13, with an estimated average price of $2.4. The impact to his portfolio due to this purchase was 0.02%. His holdings were 2,154,500 shares as of 12/31/2007.

The Wet Seal, Inc. and its subsidiaries operate as a specialty retailer of apparel and accessory items for women in the United States. It operates two mall-based chains of retail stores under the names Wet Seal and Arden B. Wet Seal Inc. has a market cap of $276.02 million; its shares were traded at around $2.94 with a P/E ratio of 53.27 and P/S ratio of 0.46.

Reduced: CA Inc. (CA)

HOTCHKIS & WILEY reduced to his holdings in CA Inc. by 21.35%. His sale prices were between $24.45 and $27.14, with an estimated average price of $25.8. The impact to his portfolio due to this sale was 4.06%. HOTCHKIS & WILEY still held 48,515,788 shares as of 12/31/2007.

CA, Inc. provides information technology (IT) management software worldwide. Its solutions include CA Project & Portfolio Management providing views into an organization's investments, initiatives, and resources; CA IT Asset & Financial Market. CA Inc. has a market cap of $11.89 billion; its shares were traded at around $23.75 with a P/E ratio of 30.38 and P/S ratio of 2.91. The dividend yield of CA Inc. stocks is 0.7%.

Reduced: WalMart Stores Inc. (WMT)

HOTCHKIS & WILEY reduced to his holdings in WalMart Stores Inc. by 24.19%. His sale prices were between $42.71 and $48.8, with an estimated average price of $46.2. The impact to his portfolio due to this sale was 2.58%. HOTCHKIS & WILEY still held 16,516,800 shares as of 12/31/2007.

Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. It operates through three segments: Wal-Mart Stores, Sam's Club, and International. WalMart Stores Inc. has a market cap of $198.88 billion; its shares were traded at around $49.44 with a P/E ratio of 16.24 and P/S ratio of 0.53. The dividend yield of WalMart Stores Inc. stocks is 1.8%.

Reduced: JPMorgan Chase & Co. (JPM)

HOTCHKIS & WILEY reduced to his holdings in JPMorgan Chase & Co. by 25.49%. His sale prices were between $41.58 and $46.91, with an estimated average price of $44.1. The impact to his portfolio due to this sale was 1.94%. HOTCHKIS & WILEY still held 13,691,300 shares as of 12/31/2007.

JPMorgan Chase & Co. has a market cap of $144.23 billion; its shares were traded at around $43.25 with a P/E ratio of 9.78 and P/S ratio of 2.26. The dividend yield of JPMorgan Chase & Co. stocks is 3.5%.

Reduced: Microsoft Corp. (MSFT)

HOTCHKIS & WILEY reduced to his holdings in Microsoft Corp. by 45.87%. His sale prices were between $30.07 and $36.94, with an estimated average price of $34.1. The impact to his portfolio due to this sale was 1.89%. HOTCHKIS & WILEY still held 19,003,550 shares as of 12/31/2007.

Microsoft Corp. has a market cap of $262.18 billion; its shares were traded at around $28.42 with a P/E ratio of 16.02 and P/S ratio of 4.55. The dividend yield of Microsoft Corp. stocks is 1.4%.

Reduced: The Travelers Companies Inc. (TRV)

HOTCHKIS & WILEY reduced to his holdings in The Travelers Companies Inc. by 24.1%. His sale prices were between $50.94 and $54.16, with an estimated average price of $52.7. The impact to his portfolio due to this sale was 1.84%. HOTCHKIS & WILEY still held 10,403,381 shares as of 12/31/2007.

The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals. The Travelers Companies Inc. has a market cap of $30.05 billion; its shares were traded at around $47.87 with a P/E ratio of 6.98 and P/S ratio of 1.16. The dividend yield of The Travelers Companies Inc. stocks is 2.6%.

Reduced: Tyco Electronics Ltd. (TEL)

HOTCHKIS & WILEY reduced to his holdings in Tyco Electronics Ltd. by 26.93%. His sale prices were between $32.43 and $37.64, with an estimated average price of $35.8. The impact to his portfolio due to this sale was 1.82%. HOTCHKIS & WILEY still held 15,250,778 shares as of 12/31/2007.

Tyco Electronics, Ltd. provides engineered electronic components, network solutions, wireless systems, and undersea telecommunication systems. Its Electronic Components segment supplies passive electronic components, etc. Tyco Electronics Ltd. has a market cap of $17.15 billion; its shares were traded at around $35.08 with a P/E ratio of 153.62 and P/S ratio of 1.22. The dividend yield of Tyco Electronics Ltd. stocks is 1.7%.

Reduced: Unum Group (UNM)

HOTCHKIS & WILEY reduced to his holdings in Unum Group by 30.17%. His sale prices were between $22.98 and $25.55, with an estimated average price of $24.1. The impact to his portfolio due to this sale was 1.75%. HOTCHKIS & WILEY still held 23,552,950 shares as of 12/31/2007.

Unum Group provides group and individual income protection products in the United States and the United Kingdom. It also provides a portfolio of other insurance products, including long-term care insurance, life insurance, etc. Unum Group has a market cap of $8.59 billion; its shares were traded at around $23.46 with a P/E ratio of 12.47 and P/S ratio of 0.80. The dividend yield of Unum Group stocks is 1.5%.

Reduced: MetLife Inc. (MET)

HOTCHKIS & WILEY reduced to his holdings in MetLife Inc. by 23.19%. His sale prices were between $61.47 and $69.33, with an estimated average price of $64.5. The impact to his portfolio due to this sale was 1.65%. HOTCHKIS & WILEY still held 8,089,530 shares as of 12/31/2007.

MetLife, Inc., through its subsidiaries, provides insurance and other financial services in the United States and internationally. The company operates in five segments: Institutional, Individual, Auto and Home, International, and Reinsurance. MetLife Inc. has a market cap of $42.95 billion; its shares were traded at around $58.25 with a P/E ratio of 9.43 and P/S ratio of 0.79. The dividend yield of MetLife Inc. stocks is 1.4%.

Reduced: Eli Lilly and Company (LLY)

HOTCHKIS & WILEY reduced to his holdings in Eli Lilly and Company by 28.57%. His sale prices were between $50.32 and $57.52, with an estimated average price of $52.9. The impact to his portfolio due to this sale was 1.64%. HOTCHKIS & WILEY still held 9,684,700 shares as of 12/31/2007.

Eli Lilly and Company engages in the discovery, development, manufacture, and sale of pharmaceutical products in the United States, Puerto Rico, and internationally. Eli Lilly and Company has a market cap of $54.95 billion; its shares were traded at around $50.82 with a P/E ratio of 18.58 and P/S ratio of 2.98. The dividend yield of Eli Lilly and Company stocks is 3.7%.

Reduced: BMC Software Inc. (BMC)

HOTCHKIS & WILEY reduced to his holdings in BMC Software Inc. by 29.38%. His sale prices were between $31.55 and $36.55, with an estimated average price of $33.8. The impact to his portfolio due to this sale was 1.29%. HOTCHKIS & WILEY still held 11,539,192 shares as of 12/31/2007.

BMC Software, Inc. and its subsidiaries develop software that provides systems and service management solutions for large enterprises. It operates in four segments: Mainframe Management, Distributed Systems Management, Service Management, etc. BMC Software Inc. has a market cap of $6.21 billion; its shares were traded at around $32.65 with a P/E ratio of 22.86 and P/S ratio of 3.72.

Reduced: Northrop Grumman Corp. (NOC)

HOTCHKIS & WILEY reduced to his holdings in Northrop Grumman Corp. by 39.75%. His sale prices were between $78.29 and $83.09, with an estimated average price of $80.4. The impact to his portfolio due to this sale was 1.14%. HOTCHKIS & WILEY still held 5,008,200 shares as of 12/31/2007.

Northrop Grumman Corporation provides products, services, and solutions in information and services, aerospace, electronics, and shipbuilding to the military, government, and commercial customers in the United States and internationally. Northrop Grumman Corp. has a market cap of $27.23 billion; its shares were traded at around $79.92 with a P/E ratio of 16.17 and P/S ratio of 0.84. The dividend yield of Northrop Grumman Corp. stocks is 1.9%.

Reduced: FPL Group Inc. (FPL)

HOTCHKIS & WILEY reduced to his holdings in FPL Group Inc. by 50.82%. His sale prices were between $60.32 and $71.2, with an estimated average price of $67.3. The impact to his portfolio due to this sale was 1.01%. HOTCHKIS & WILEY still held 5,560,650 shares as of 12/31/2007.

FPL Group, Inc., through its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy. It produces electricity utilizing natural gas, wind, nuclear, oil, hydro, and other resources. FPL Group Inc. has a market cap of $25.89 billion; its shares were traded at around $64.69 with a P/E ratio of 19.69 and P/S ratio of 1.70. The dividend yield of FPL Group Inc. stocks is 2.7%.

Reduced: Altria Group Inc. (MO)

HOTCHKIS & WILEY reduced to his holdings in Altria Group Inc. by 22.36%. His sale prices were between $69.38 and $77.43, with an estimated average price of $73.6. The impact to his portfolio due to this sale was 0.97%. HOTCHKIS & WILEY still held 3,854,501 shares as of 12/31/2007.

Altria Group, Inc., through its subsidiaries, engages in the manufactures and sale of cigarettes and other tobacco products in the United States and internationally. Altria Group Inc. has a market cap of $153.44 billion; its shares were traded at around $72.53 with a P/E ratio of 15.77 and P/S ratio of 4.01. The dividend yield of Altria Group Inc. stocks is 4.1%.

Reduced: The Gap Inc. (GPS)

HOTCHKIS & WILEY reduced to his holdings in The Gap Inc. by 49.99%. His sale prices were between $17.68 and $21.67, with an estimated average price of $19.8. The impact to his portfolio due to this sale was 0.93%. HOTCHKIS & WILEY still held 16,189,200 shares as of 12/31/2007.

The Gap, Inc. operates as a specialty retailing company in the United States and internationally. The company operates retail and outlet stores that sell casual apparel, accessories, and personal care products for men, women, and children. The Gap Inc. has a market cap of $14.45 billion; its shares were traded at around $19.7 with a P/E ratio of 19.76 and P/S ratio of 0.92. The dividend yield of The Gap Inc. stocks is 1.8%.

Reduced: Sunoco Inc. (SUN)

HOTCHKIS & WILEY reduced to his holdings in Sunoco Inc. by 23.1%. His sale prices were between $64.9 and $76.68, with an estimated average price of $70.2. The impact to his portfolio due to this sale was 0.91%. HOTCHKIS & WILEY still held 3,781,900 shares as of 12/31/2007.

Sunoco, Inc., through its subsidiaries, manufactures and markets various petroleum products, including fuels, lubricants, and petrochemicals in the United States. Sunoco Inc. has a market cap of $7.43 billion; its shares were traded at around $61.31 with a P/E ratio of 8.50 and P/S ratio of 0.17. The dividend yield of Sunoco Inc. stocks is 1.8%.

Reduced: Johnson & Johnson (JNJ)

HOTCHKIS & WILEY reduced to his holdings in Johnson & Johnson by 24.05%. His sale prices were between $63.83 and $68.03, with an estimated average price of $66.3. The impact to his portfolio due to this sale was 0.56%. HOTCHKIS & WILEY still held 2,579,100 shares as of 12/31/2007.

Johnson & Johnson engages in the manufacture and sale of various products in the health care field worldwide. The company operates in three segments: Consumer, Pharmaceutical, and Medical Devices and Diagnostics. Johnson & Johnson has a market cap of $183.93 billion; its shares were traded at around $62.9 with a P/E ratio of 17.52 and P/S ratio of 2.97. The dividend yield of Johnson & Johnson stocks is 2.7%.

Reduced: UnionBanCal Corp. (UB)

HOTCHKIS & WILEY reduced to his holdings in UnionBanCal Corp. by 37.56%. His sale prices were between $49.01 and $58.15, with an estimated average price of $51.9. The impact to his portfolio due to this sale was 0.49%. HOTCHKIS & WILEY still held 3,354,060 shares as of 12/31/2007.

UnionBanCal Corporation operates as the holding company for Union Bank of California, N.A., which provides financial services to consumers, small businesses, middle-market companies, and corporations in the United States and internationally. UnionBanCal Corp. has a market cap of $6.76 billion; its shares were traded at around $48.21 with a P/E ratio of 11.21 and P/S ratio of 2.64. The dividend yield of UnionBanCal Corp. stocks is 4.6%.

Reduced: Oracle Corp. (ORCL)

HOTCHKIS & WILEY reduced to his holdings in Oracle Corp. by 22.34%. His sale prices were between $19.36 and $22.97, with an estimated average price of $21.3. The impact to his portfolio due to this sale was 0.48%. HOTCHKIS & WILEY still held 6,405,800 shares as of 12/31/2007.

Oracle Corporation, an enterprise software company, engages in the development, manufacture, distribution, servicing, and marketing of database, middleware, and application software. Oracle Corp. has a market cap of $97.7 billion; its shares were traded at around $19.09 with a P/E ratio of 20.81 and P/S ratio of 4.88.

Reduced: EMBRAEREmpresa Brasileira de Aeronutica (ERJ)

HOTCHKIS & WILEY reduced to his holdings in EMBRAEREmpresa Brasileira de Aeronutica by 34.11%. His sale prices were between $43.58 and $49.19, with an estimated average price of $46.9. The impact to his portfolio due to this sale was 0.29%. HOTCHKIS & WILEY still held 2,085,900 shares as of 12/31/2007.

EMBRAER - Empresa Brasileira de Aeronáutica S.A. engages in the design, development, manufacture, and sale of aircraft for the commercial aviation, executive aviation, and defense and government segments worldwide. EMBRAEREmpresa Brasileira de Aeronutica has a market cap of $8.1 billion; its shares were traded at around $44.17 with a P/E ratio of 21.55 and P/S ratio of 1.58. The dividend yield of EMBRAEREmpresa Brasileira de Aeronutica stocks is 0.9%.

Reduced: BJ's Wholesale Club Inc. (BJ)

HOTCHKIS & WILEY reduced to his holdings in BJ's Wholesale Club Inc. by 20.26%. His sale prices were between $33 and $37.7, with an estimated average price of $35.4. The impact to his portfolio due to this sale was 0.21%. HOTCHKIS & WILEY still held 1,783,700 shares as of 12/31/2007.

BJ's Wholesale Club, Inc. operates warehouse clubs in the eastern United States. It offers food products, such as frozen foods, fresh meat and dairy products, beverages, dry grocery items, fresh produce and flowers, canned goods, and households. BJ's Wholesale Club Inc. has a market cap of $1.96 billion; its shares were traded at around $31.12 with a P/E ratio of 23.63 and P/S ratio of 0.22.

Reduced: Flowserve Corp. (FLS)

HOTCHKIS & WILEY reduced to his holdings in Flowserve Corp. by 84.28%. His sale prices were between $77.35 and $99.5, with an estimated average price of $90.5. The impact to his portfolio due to this sale was 0.11%. HOTCHKIS & WILEY still held 540,600 shares as of 12/31/2007.

Flowserve Corporation, together with its subsidiaries, engages in the development, manufacture, and sale of precision-engineered flow control equipments. Flowserve Corp. has a market cap of $5.6 billion; its shares were traded at around $96.17 with a P/E ratio of 28.93 and P/S ratio of 1.55. The dividend yield of Flowserve Corp. stocks is 0.7%.

Reduced: Alexander & Baldwin Inc. (ALEX)

HOTCHKIS & WILEY reduced to his holdings in Alexander & Baldwin Inc. by 26.73%. His sale prices were between $47.9 and $52.82, with an estimated average price of $51. The impact to his portfolio due to this sale was 0.09%. HOTCHKIS & WILEY still held 579,100 shares as of 12/31/2007.

Alexander & Baldwin, Inc., through its subsidiaries, engages in transportation, real estate, and agribusiness operations primarily in Hawaii. Its transportation services comprise the containership freight services primarily between the ports. Alexander & Baldwin Inc. has a market cap of $1.96 billion; its shares were traded at around $45.73 with a P/E ratio of 14.01 and P/S ratio of 1.15. The dividend yield of Alexander & Baldwin Inc. stocks is 2.5%.

Reduced: Furniture Brands International Inc. (FBN)

HOTCHKIS & WILEY reduced to his holdings in Furniture Brands International Inc. by 20.39%. His sale prices were between $10.04 and $12.63, with an estimated average price of $11. The impact to his portfolio due to this sale was 0.09%. HOTCHKIS & WILEY still held 2,600,678 shares as of 12/31/2007.

Furniture Brands International, Inc., through its subsidiaries, designs, manufactures, markets, and distributes residential furniture products in the United States. Furniture Brands International Inc. has a market cap of $493.75 million; its shares were traded at around $10.28 with P/S ratio of 0.24. The dividend yield of Furniture Brands International Inc. stocks is 7.1%.

Reduced: Magna International Inc. (MGA)

HOTCHKIS & WILEY reduced to his holdings in Magna International Inc. by 88.72%. His sale prices were between $78.57 and $95.07, with an estimated average price of $86.7. The impact to his portfolio due to this sale was 0.06%. HOTCHKIS & WILEY still held 375,900 shares as of 12/31/2007.

Magna International, Inc., a diversified automotive supplier, engages in the design, development, and manufacture of automotive systems, assemblies, and modules and components, as well as in engineering and assembling complete vehicles. Magna International Inc. has a market cap of $9.24 billion; its shares were traded at around $80.28 with a P/E ratio of 13.06 and P/S ratio of 0.37. The dividend yield of Magna International Inc. stocks is 1.9%.

Reduced: Liz Claiborne Inc. (LIZ)

HOTCHKIS & WILEY reduced to his holdings in Liz Claiborne Inc. by 43.65%. His sale prices were between $20.15 and $31.69, with an estimated average price of $25.5. The impact to his portfolio due to this sale was 0.03%. HOTCHKIS & WILEY still held 544,900 shares as of 12/31/2007.

Liz Claiborne, Inc. engages in the design, marketing, and retail of a range of apparel, accessories, and fragrance products worldwide. It offers a range of sportswear products; junior's, men's, and women's activewear; performance tops and bottoms, Liz Claiborne Inc. has a market cap of $1.79 billion; its shares were traded at around $17.6 with a P/E ratio of 13.52 and P/S ratio of 0.35. The dividend yield of Liz Claiborne Inc. stocks is 1.1%.

Reduced: Yum! Brands Inc. (YUM)

HOTCHKIS & WILEY reduced to his holdings in Yum! Brands Inc. by 97.31%. His sale prices were between $37 and $39.32, with an estimated average price of $38. The impact to his portfolio due to this sale was 0.02%. HOTCHKIS & WILEY still held 215,600 shares as of 12/31/2007.

YUM! Brands, Inc. operates as a quick service restaurant company. It develops, operates, franchises, and licenses a system of restaurants, which prepare, package, and sell various priced food items. Yum! Brands Inc. has a market cap of $17.48 billion; its shares were traded at around $35.26 with a P/E ratio of 20.85 and P/S ratio of 1.69. The dividend yield of Yum! Brands Inc. stocks is 1.7%.

Reduced: Brookfield Homes Corp. (BHS)

HOTCHKIS & WILEY reduced to his holdings in Brookfield Homes Corp. by 70.05%. His sale prices were between $14.07 and $19.26, with an estimated average price of $16.6. The impact to his portfolio due to this sale was 0.01%. HOTCHKIS & WILEY still held 122,297 shares as of 12/31/2007.

Brookfield Homes Corporation, through its subsidiaries, engages in the design, construction, and marketing of single family and multifamily homes primarily to move-up and luxury homebuyers. Brookfield Homes Corp. has a market cap of $418.22 million; its shares were traded at around $15.52 with a P/E ratio of 26.98 and P/S ratio of 0.71. The dividend yield of Brookfield Homes Corp. stocks is 3%.

Reduced: WCI Communities Inc. (WCI)

HOTCHKIS & WILEY reduced to his holdings in WCI Communities Inc. by 76.14%. His sale prices were between $3.36 and $6.37, with an estimated average price of $4.6. The impact to his portfolio due to this sale was 0.01%. HOTCHKIS & WILEY still held 655,000 shares as of 12/31/2007.

WCI Communities, Inc., together with its subsidiaries, operates as an integrated homebuilding and real estate services company. The company's activities primarily include single- and multi-family (traditional) homebuilding, and mid- and high-rise buildings. WCI Communities Inc. has a market cap of $189.91 million; its shares were traded at around $4.59 with P/S ratio of 0.15.

Reduced: Live Nation Inc. (LYV)

HOTCHKIS & WILEY reduced to his holdings in Live Nation Inc. by 49.65%. His sale prices were between $13.42 and $22.17, with an estimated average price of $16.6. The impact to his portfolio due to this sale was 0.01%. HOTCHKIS & WILEY still held 360,663 shares as of 12/31/2007.

Live Nation, Inc. operates as a live music and venue management company. It operates through three segments: Events, Venues and Sponsorship, and Digital Distribution. Live Nation Inc. has a market cap of $819.27 million; its shares were traded at around $11.28 with P/S ratio of 0.20.

Reduced: Tronox Inc. (TRX)

HOTCHKIS & WILEY reduced to his holdings in Tronox Inc. by 47.19%. His sale prices were between $7.55 and $8.84, with an estimated average price of $8.1. The impact to his portfolio due to this sale was 0.01%. HOTCHKIS & WILEY still held 438,800 shares as of 12/31/2007.

Tronox Incorporated engages in the production and marketing of titanium dioxide pigment worldwide. Its titanium dioxide is a white pigment used in a range of products for its ability to impart whiteness, brightness, and opacity. Tronox Inc. has a market cap of $205.94 million; its shares were traded at around $4.64 with P/S ratio of 0.14. The dividend yield of Tronox Inc. stocks is 3.1%.

Reduced: Eddie Bauer Holdings Inc. (EBHI)

HOTCHKIS & WILEY reduced to his holdings in Eddie Bauer Holdings Inc. by 33.09%. His sale prices were between $5.69 and $8.33, with an estimated average price of $6.8. The impact to his portfolio due to this sale was less than 0.01%. HOTCHKIS & WILEY still held 83,500 shares as of 12/31/2007.

Eddie Bauer Holdings, Inc., through its subsidiaries, operates as a specialty retailer that sells casual sportswear and accessories in the United States and Canada. Eddie Bauer Holdings Inc. has a market cap of $207.96 million; its shares were traded at around $6.84 with P/S ratio of 0.20.

Reduced: Toll Brothers Inc. (TOL)

HOTCHKIS & WILEY reduced to his holdings in Toll Brothers Inc. by 99.01%. His sale prices were between $18.98 and $23.1, with an estimated average price of $21.3. The impact to his portfolio due to this sale was less than 0.01%. HOTCHKIS & WILEY still held 34,500 shares as of 12/31/2007.

Toll Brothers, Inc. engages in designing, building, marketing, and arranging finance for single-family detached and attached homes in luxury residential communities in the United States. Toll Brothers Inc. has a market cap of $3.27 billion; its shares were traded at around $20.75 with a P/E ratio of 95.35 and P/S ratio of 0.71.

Sold Out: Alcoa Inc. (AA)

HOTCHKIS & WILEY sold out his holdings in Alcoa Inc.. His sale prices were between $34.97 and $38.98, with an estimated average price of $36.7. The impact to his portfolio due to this sale was less than 0.01%.

Alcoa, Inc. engages in the production and sale of primary aluminum, fabricated aluminum, and alumina worldwide. The company involves in technology, mining, refining, smelting, fabricating, and recycling of aluminum. Alcoa Inc. has a market cap of $29.95 billion; its shares were traded at around $35.72 with a P/E ratio of 12.28 and P/S ratio of 0.96. The dividend yield of Alcoa Inc. stocks is 2.2%.

Sold Out: Assurant Inc. (AIZ)

HOTCHKIS & WILEY sold out his holdings in Assurant Inc.. His sale prices were between $54.79 and $68.27, with an estimated average price of $63.4. The impact to his portfolio due to this sale was less than 0.01%.

Assurant, Inc., through its subsidiaries, provides specialized insurance products and related services in North America and internationally. It operates in four segments: Assurant Solutions, Assurant Specialty Property, Assurant Health, Assurant Inc. has a market cap of $7.29 billion; its shares were traded at around $62.41 with a P/E ratio of 11.49 and P/S ratio of 0.87. The dividend yield of Assurant Inc. stocks is 0.7%.

Sold Out: Wyndham Worldwide Corp. (WYN)

HOTCHKIS & WILEY sold out his holdings in Wyndham Worldwide Corp.. His sale prices were between $23.93 and $32.59, with an estimated average price of $28.7. The impact to his portfolio due to this sale was less than 0.01%.

Wyndham Worldwide Corporation provides various hospitality products and services to business-to-business customers and individual consumers. It operates in three segments: Lodging, Vacation Exchange and Rental, and Vacation Ownership. Wyndham Worldwide Corp. has a market cap of $4.12 billion; its shares were traded at around $22.9 with a P/E ratio of 10.51 and P/S ratio of 0.93. The dividend yield of Wyndham Worldwide Corp. stocks is 0.7%.

Sold Out: BearingPoint Inc. (BE)

HOTCHKIS & WILEY sold out his holdings in BearingPoint Inc.. His sale prices were between $2.76 and $4.77, with an estimated average price of $3.8. The impact to his portfolio due to this sale was less than 0.01%.

BearingPoint, Inc. provides consulting applications services, technology solutions, and managed services to government organizations and medium-sized businesses in the United States and internationally. BearingPoint Inc. has a market cap of $405.32 million; its shares were traded at around $1.9 with P/S ratio of 0.11.

Sold Out: Unilever PLC (UL)

HOTCHKIS & WILEY sold out his holdings in Unilever PLC. His sale prices were between $32.37 and $37.95, with an estimated average price of $35.5. The impact to his portfolio due to this sale was less than 0.01%.

Unilever PLC, through its subsidiaries, manufactures and supplies fast moving consumer goods in food, and home and personal care product categories. It offers food items, including soups, bouillons, sauces, snacks, mayonnaise, salad dressings, Unilever PLC has a market cap of $22.18 billion; its shares were traded at around $30.84 with a P/E ratio of 4.05 and P/S ratio of 0.37. The dividend yield of Unilever PLC stocks is 3%.

Sold Out: Overseas Shipholding Group Inc. (OSG)

HOTCHKIS & WILEY sold out his holdings in Overseas Shipholding Group Inc.. His sale prices were between $61.01 and $75.09, with an estimated average price of $70.3. The impact to his portfolio due to this sale was less than 0.01%.

Overseas Shipholding Group, Inc. (OSG), a bulk shipping company, engages in the ocean transportation of crude oil and petroleum products. It owns and operates a fleet of oceangoing vessels for the transportation of liquid and dry bulk cargoes in t...Warning Overseas Shipholding Group Inc. has a market cap of $2.11 billion; its shares were traded at around $65.2 with a P/E ratio of 8.08 and P/S ratio of 1.83. The dividend yield of Overseas Shipholding Group Inc. stocks is 2%.

Sold Out: PetroCanada (PCZ)

HOTCHKIS & WILEY sold out his holdings in PetroCanada. His sale prices were between $48.37 and $58.02, with an estimated average price of $53.2. The impact to his portfolio due to this sale was less than 0.01%.

Petro-Canada operates as an integrated oil and gas company in Canada. It engages in the exploration, development, production, and marketing of crude oil, natural gas liquids, and natural gas in Canada and internationally. PetroCanada has a market cap of $22.55 billion; its shares were traded at around $45.9 with a P/E ratio of 8.51 and P/S ratio of 1.03. The dividend yield of PetroCanada stocks is 1.1%.

 

Sold Out: The Ryland Group Inc. (RYL)

HOTCHKIS & WILEY sold out his holdings in The Ryland Group Inc.. His sale prices were between $21.67 and $28.26, with an estimated average price of $25.7. The impact to his portfolio due to this sale was less than 0.01%.

The Ryland Group, Inc., together with its subsidiaries, engages in home building and the provision of mortgage-finance in the United States. Its operations cover various aspects of the home buying process, including design, construction, and sale. The Ryland Group Inc. has a market cap of $1.13 billion; its shares were traded at around $27.33 with P/S ratio of 0.38. The dividend yield of The Ryland Group Inc. stocks is 1.6%.

Sold Out: ScheringPlough Corp. (SGP)

HOTCHKIS & WILEY sold out his holdings in ScheringPlough Corp.. His sale prices were between $26.85 and $32.53, with an estimated average price of $29.7. The impact to his portfolio due to this sale was less than 0.01%.

Schering-Plough Corporation engages in the discovery, development, manufacture, and marketing of medical therapies and treatments worldwide. Its Prescription Pharmaceuticals segment offers NASONEX for nasal allergy symptoms and nasal polyps; ScheringPlough Corp. has a market cap of $35.58 billion; its shares were traded at around $21.85 with a P/E ratio of 17.11 and P/S ratio of 3.05. The dividend yield of ScheringPlough Corp. stocks is 1.4%.

 

Sold Out: Kraft Foods Inc. (KFT)

HOTCHKIS & WILEY sold out his holdings in Kraft Foods Inc.. His sale prices were between $32.24 and $34.4, with an estimated average price of $33.1. The impact to his portfolio due to this sale was less than 0.01%.

Kraft Foods, Inc., through its subsidiaries, engages in the manufacture and sale of packaged foods and beverages in the United States, Canada, Europe, Latin America, Asia Pacific, Africa, and the Middle East. Kraft Foods Inc. has a market cap of $47.77 billion; its shares were traded at around $31.33 with a P/E ratio of 19.19 and P/S ratio of 1.29. The dividend yield of Kraft Foods Inc. stocks is 3.6%.

Sold Out: FMC Corp. (FMC)

HOTCHKIS & WILEY sold out his holdings in FMC Corp.. His sale prices were between $52.02 and $56.84, with an estimated average price of $53.9. The impact to his portfolio due to this sale was less than 0.01%.

FMC Corporation, a chemical company, provides solutions, applications, and products to various end markets worldwide. The company operates through three segments: Agricultural Products, Specialty Chemicals, and Industrial Chemicals. FMC Corp. has a market cap of $4.16 billion; its shares were traded at around $55.31 with a P/E ratio of 32.57 and P/S ratio of 1.57. The dividend yield of FMC Corp. stocks is 0.8%.

Sold Out: Meritage Homes Corp. (MTH)

HOTCHKIS & WILEY sold out his holdings in Meritage Homes Corp.. His sale prices were between $13.28 and $17.7, with an estimated average price of $15.4. The impact to his portfolio due to this sale was less than 0.01%.

Meritage Homes Corporation engages in the design and building of single-family attached and detached homes in the southern and western United States. The company offers homes for a range of homebuyers, including first-time, move-up, luxury, Meritage Homes Corp. has a market cap of $344.66 million; its shares were traded at around $13.06 with P/S ratio of 0.15.

Reduced: Lennar Corp. (LEN)

HOTCHKIS & WILEY reduced to his holdings in Lennar Corp. by 72.86%. His sale prices were between $12.88 and $19.75, with an estimated average price of $18.2. The impact to his portfolio due to this sale was 1.01%. HOTCHKIS & WILEY still held 5,703,660 shares as of 12/31/2007.

Lennar Corporation operates as a homebuilder in the United States. It engages in the construction and sale of single-family attached and detached homes, and to a lesser extent multi-level residential buildings. Lennar Corp. has a market cap of $2.92 billion; its shares were traded at around $18.59 with P/S ratio of 0.29. The dividend yield of Lennar Corp. stocks is 3.8%.

Reduced: The St. Joe Company (JOE)

HOTCHKIS & WILEY reduced to his holdings in The St. Joe Company by 63.46%. The impact to his portfolio due to this sale was 0.59%. HOTCHKIS & WILEY still held 2,615,900 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 $2.73 billion; its shares were traded at around $37.65 with a P/E ratio of 44.97 and P/S ratio of 4.29. The dividend yield of The St. Joe Company stocks is 1.8%.

 


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