Practicing value investing not only makes you richer, but also makes you live longer. Looking at some old and rich fellows: Warren Buffett at 77, Charlie Munger and Marty Whitman at 80s, Walter Schloss and Sir John Templeton at 90s, and Irving Kahn at 105. These are Irving Kahn’s buys and sells during the 4th quarter.
Irving Kahn buys MBIA Inc., sells Knight Capital Group Inc., TempleInland Inc. during the 3-months ended 12/31/2007, according to the most recent filings of his investment company, Kahn Brothers & Company Inc.. Irving Kahn owns 59 stocks with a total value of $590 million. These are the details of the buys and sells.
New Purchases: MBI,
Added Positions: NYT, ORI, PBNY, PFE, SLM, WYE,
Reduced Positions: ALV, ANAT, KSU, MRK, MXM, NEU, NYM, VOLV,
Sold Out: NITE, TIN,
For the details of Irving Kahn's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Irving+Kahn
Added: Old Republic International Corp. (ORI, Financial)
Irving Kahn added to his holdings in Old Republic International Corp. by 29.37%. His purchase prices were between $14.13 and $18.91, with an estimated average price of $15.4. The impact to his portfolio due to this purchase was 0.88%. His holdings were 1,490,231 shares as of 12/31/2007.
Old Republic International Corporation, through its subsidiaries, engages in insurance underwriting business primarily in the United States. It operates through three segments: General Insurance, Mortgage Guaranty, and Title Insurance. Old Republic International Corp. has a market cap of $3.21 billion; its shares were traded at around $13.83 with a P/E ratio of 11.90 and P/S ratio of 0.78. The dividend yield of Old Republic International Corp. stocks is 4.8%.
Added: Wyeth (WYE, Financial)
Irving Kahn added to his holdings in Wyeth by 11.01%. His purchase prices were between $43.87 and $48.76, with an estimated average price of $46.7. The impact to his portfolio due to this purchase was 0.47%. His holdings were 637,364 shares as of 12/31/2007.
Wyeth engages in the discovery, development, manufacture, distribution, and sale of pharmaceuticals, consumer healthcare, and animal health products. It operates through three segments: Pharmaceuticals, Consumer Healthcare, and Animal Health. Wyeth has a market cap of $54.29 billion; its shares were traded at around $41.76 with a P/E ratio of 11.99 and P/S ratio of 2.50. The dividend yield of Wyeth stocks is 2.7%.
Added: The New York Times Company (NYT, Financial)
Irving Kahn added to his holdings in The New York Times Company by 103.16%. His purchase prices were between $16.5 and $20.04, with an estimated average price of $17.9. The impact to his portfolio due to this purchase was 0.35%. His holdings were 231,596 shares as of 12/31/2007.
The New York Times Company operates as a diversified media company in the United States. It operates through two segments, News Media and About.com. The News Media segment comprises The New York Times Media Group consisting of The New York Times; The New York Times Company has a market cap of $2.92 billion; its shares were traded at around $19.8 with a P/E ratio of 14.03 and P/S ratio of 0.89. The dividend yield of The New York Times Company stocks is 6.3%.
Added: Provident New York Bancorp (PBNY, Financial)
Irving Kahn added to his holdings in Provident New York Bancorp by 7.67%. His purchase prices were between $12.07 and $13.69, with an estimated average price of $12.6. The impact to his portfolio due to this purchase was 0.18%. His holdings were 1,184,449 shares as of 12/31/2007.
Provident New York Bancorp operates as the bank holding company for Provident Bank that provides various financial products and services to individuals and businesses in New York and New Jersey. Provident New York Bancorp has a market cap of $530.05 million; its shares were traded at around $13.26 with a P/E ratio of 25.73 and P/S ratio of 5.07. The dividend yield of Provident New York Bancorp stocks is 1.8%.
Added: Pfizer Inc (PFE, Financial)
Irving Kahn added to his holdings in Pfizer Inc by 1.46%. His purchase prices were between $22.51 and $24.61, with an estimated average price of $23.2. The impact to his portfolio due to this purchase was 0.1%. His holdings were 1,857,087 shares as of 12/31/2007.
Pfizer, Inc. engages in the discovery, development, manufacture, and marketing of prescription medicines for humans and animals in the United States, Europe, Canada, Asia, and Latin America. Pfizer Inc has a market cap of $151.2 billion; its shares were traded at around $22.37 with a P/E ratio of 18.66 and P/S ratio of 3.12. The dividend yield of Pfizer Inc stocks is 5.7%.
Added: SLM Corp. (SLM, Financial)
Irving Kahn added to his holdings in SLM Corp. by 119.05%. His purchase prices were between $19.65 and $48.45, with an estimated average price of $37.2. The impact to his portfolio due to this purchase was 0.03%. His holdings were 13,800 shares as of 12/31/2007.
SLM Corp. has a market cap of $10.31 billion; its shares were traded at around $22.05 with P/S ratio of 9.61. The dividend yield of SLM Corp. stocks is 1.8%.
New Purchase: MBIA Inc. (MBI, Financial)
Irving Kahn initiated holdings in MBIA Inc.. His purchase prices were between $18.74 and $66.29, with an estimated average price of $37. The impact to his portfolio due to this purchase was 0.98%. His holdings were 311,385 shares as of 12/31/2007.
MBIA, Inc., through its subsidiaries, provides financial guarantee insurance and credit protection products, as well as investment management services to public finance and structured finance issuers and investors, and capital market participants. MBIA Inc. has a market cap of $1.5 billion; its shares were traded at around $11.7 with P/S ratio of 0.46. The dividend yield of MBIA Inc. stocks is 9.6%.
Reduced: Merck & Co. Inc. (MRK, Financial)
Irving Kahn reduced to his holdings in Merck & Co. Inc. by 21.98%. His sale prices were between $52.76 and $60.67, with an estimated average price of $57.2. The impact to his portfolio due to this sale was 5.66%. Irving Kahn still held 700,619 shares as of 12/31/2007.
Merck & Co., Inc. engages in the discovery, development, manufacture, and marketing of products for human and animal health. It offers Singulair for treating asthma, and relief of symptoms of allergic rhinitis; Cozaar/Hyzaar and Vasotec etc. Merck & Co. Inc. has a market cap of $101.2 billion; its shares were traded at around $47.07 with a P/E ratio of 31.10 and P/S ratio of 4.24. The dividend yield of Merck & Co. Inc. stocks is 3.2%.
Reduced: NYMAGIC Inc. (NYM, Financial)
Irving Kahn reduced to his holdings in NYMAGIC Inc. by 57.87%. His sale prices were between $21.03 and $29.93, with an estimated average price of $24.5. The impact to his portfolio due to this sale was 0.16%. Irving Kahn still held 63,081 shares as of 12/31/2007.
NYMAGIC, INC., a holding company, engages in the ownership and operation of insurance companies, risk bearing entities, and insurance underwriters and managers. NYMAGIC Inc. has a market cap of $226.06 million; its shares were traded at around $24.91 with a P/E ratio of 8.06 and P/S ratio of 1.07. The dividend yield of NYMAGIC Inc. stocks is 1.5%.
Reduced: American National Insurance Company (ANAT, Financial)
Irving Kahn reduced to his holdings in American National Insurance Company by 29.46%. His sale prices were between $113.33 and $139.42, with an estimated average price of $123.4. The impact to his portfolio due to this sale was 0.1%. Irving Kahn still held 6,495 shares as of 12/31/2007.
American National Insurance Company and its subsidiaries operate primarily in the insurance industry. The company offers a line of insurance coverages, including individual and group life, accident and health, and annuities; personal lines properties. American National Insurance Company has a market cap of $3.17 billion; its shares were traded at around $120.89 with a P/E ratio of 10.66 and P/S ratio of 1.01. The dividend yield of American National Insurance Company stocks is 2.4%.
Reduced: NewMarket Corp. (NEU, Financial)
Irving Kahn reduced to his holdings in NewMarket Corp. by 26.95%. His sale prices were between $46.96 and $57.4, with an estimated average price of $52.2. The impact to his portfolio due to this sale was 0.07%. Irving Kahn still held 9,696 shares as of 12/31/2007.
NewMarket Corporation, through its subsidiaries, engages in the development, manufacture, and blending of chemical additives. The company operates in two segments, Petroleum Additives and TEL. NewMarket Corp. has a market cap of $1000 million; its shares were traded at around $63.34 with a P/E ratio of 11.46 and P/S ratio of 0.72. The dividend yield of NewMarket Corp. stocks is 1.5%.
Reduced: Kansas City Southern (KSU, Financial)
Irving Kahn reduced to his holdings in Kansas City Southern by 56.89%. His sale prices were between $33.08 and $38.2, with an estimated average price of $35.2. The impact to his portfolio due to this sale was 0.04%. Irving Kahn still held 11,670 shares as of 12/31/2007.
Kansas City Southern, through its subsidiaries, provides domestic and international rail transportation services in the United States and Mexico. It operates north/south rail between Kansas City, Missouri, and various ports along the Gulf of Mexico. Kansas City Southern has a market cap of $2.83 billion; its shares were traded at around $37.6 with a P/E ratio of 27.12 and P/S ratio of 1.64.
Reduced: Autoliv Inc. (ALV)
Irving Kahn reduced to his holdings in Autoliv Inc. by 38.13%. His sale prices were between $53.19 and $63.56, with an estimated average price of $58.7. The impact to his portfolio due to this sale was 0.04%. Irving Kahn still held 6,685 shares as of 12/31/2007.
Autoliv, Inc., through its subsidiaries, engages in the development, manufacture, and supply of automotive safety systems to automotive industry worldwide. Autoliv Inc. has a market cap of $3.79 billion; its shares were traded at around $51.67 with a P/E ratio of 13.98 and P/S ratio of 0.56. The dividend yield of Autoliv Inc. stocks is 3.3%.
Reduced: MAXXAM Inc (MXM)
Irving Kahn reduced to his holdings in MAXXAM Inc by 21.67%. His sale prices were between $26.21 and $28.05, with an estimated average price of $27.5. The impact to his portfolio due to this sale was 0.03%. Irving Kahn still held 8,258 shares as of 12/31/2007.
MAXXAM, Inc., through its subsidiaries, engages in forest products, real estate investment and development, and racing operations. Its forest products operations include growing and harvesting of redwood and Douglas-fir timber, MAXXAM Inc has a market cap of $150.36 million; its shares were traded at around $28.6 with P/S ratio of 1.04.
Sold Out: Knight Capital Group Inc. (NITE)
Irving Kahn sold out his holdings in Knight Capital Group Inc.. His sale prices were between $12.64 and $14.37, with an estimated average price of $13.4. The impact to his portfolio due to this sale was less than 0.01%.
Knight Capital Group, Inc., together with its subsidiaries, provides various financial services in the United States. It operates in two segments, Asset Management and Global Markets. Knight Capital Group Inc. has a market cap of $1.49 billion; its shares were traded at around $16.68 with a P/E ratio of 13.39 and P/S ratio of 1.71.
Sold Out: TempleInland Inc. (TIN)
Irving Kahn sold out his holdings in TempleInland Inc.. His sale prices were between $17.6 and $32.74, with an estimated average price of $26.1. The impact to his portfolio due to this sale was less than 0.01%.
Temple-Inland, Inc., through its subsidiaries, engages in corrugated packaging, forest products, real estate, and financial services businesses in the United States. TempleInland Inc. has a market cap of $1.68 billion; its shares were traded at around $15.74 with a P/E ratio of 1.31 and P/S ratio of 0.43. The dividend yield of TempleInland Inc. stocks is 6.6%.
Irving Kahn buys MBIA Inc., sells Knight Capital Group Inc., TempleInland Inc. during the 3-months ended 12/31/2007, according to the most recent filings of his investment company, Kahn Brothers & Company Inc.. Irving Kahn owns 59 stocks with a total value of $590 million. These are the details of the buys and sells.
New Purchases: MBI,
Added Positions: NYT, ORI, PBNY, PFE, SLM, WYE,
Reduced Positions: ALV, ANAT, KSU, MRK, MXM, NEU, NYM, VOLV,
Sold Out: NITE, TIN,
For the details of Irving Kahn's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Irving+Kahn
Added: Old Republic International Corp. (ORI, Financial)
Irving Kahn added to his holdings in Old Republic International Corp. by 29.37%. His purchase prices were between $14.13 and $18.91, with an estimated average price of $15.4. The impact to his portfolio due to this purchase was 0.88%. His holdings were 1,490,231 shares as of 12/31/2007.
Old Republic International Corporation, through its subsidiaries, engages in insurance underwriting business primarily in the United States. It operates through three segments: General Insurance, Mortgage Guaranty, and Title Insurance. Old Republic International Corp. has a market cap of $3.21 billion; its shares were traded at around $13.83 with a P/E ratio of 11.90 and P/S ratio of 0.78. The dividend yield of Old Republic International Corp. stocks is 4.8%.
Added: Wyeth (WYE, Financial)
Irving Kahn added to his holdings in Wyeth by 11.01%. His purchase prices were between $43.87 and $48.76, with an estimated average price of $46.7. The impact to his portfolio due to this purchase was 0.47%. His holdings were 637,364 shares as of 12/31/2007.
Wyeth engages in the discovery, development, manufacture, distribution, and sale of pharmaceuticals, consumer healthcare, and animal health products. It operates through three segments: Pharmaceuticals, Consumer Healthcare, and Animal Health. Wyeth has a market cap of $54.29 billion; its shares were traded at around $41.76 with a P/E ratio of 11.99 and P/S ratio of 2.50. The dividend yield of Wyeth stocks is 2.7%.
Added: The New York Times Company (NYT, Financial)
Irving Kahn added to his holdings in The New York Times Company by 103.16%. His purchase prices were between $16.5 and $20.04, with an estimated average price of $17.9. The impact to his portfolio due to this purchase was 0.35%. His holdings were 231,596 shares as of 12/31/2007.
The New York Times Company operates as a diversified media company in the United States. It operates through two segments, News Media and About.com. The News Media segment comprises The New York Times Media Group consisting of The New York Times; The New York Times Company has a market cap of $2.92 billion; its shares were traded at around $19.8 with a P/E ratio of 14.03 and P/S ratio of 0.89. The dividend yield of The New York Times Company stocks is 6.3%.
Added: Provident New York Bancorp (PBNY, Financial)
Irving Kahn added to his holdings in Provident New York Bancorp by 7.67%. His purchase prices were between $12.07 and $13.69, with an estimated average price of $12.6. The impact to his portfolio due to this purchase was 0.18%. His holdings were 1,184,449 shares as of 12/31/2007.
Provident New York Bancorp operates as the bank holding company for Provident Bank that provides various financial products and services to individuals and businesses in New York and New Jersey. Provident New York Bancorp has a market cap of $530.05 million; its shares were traded at around $13.26 with a P/E ratio of 25.73 and P/S ratio of 5.07. The dividend yield of Provident New York Bancorp stocks is 1.8%.
Added: Pfizer Inc (PFE, Financial)
Irving Kahn added to his holdings in Pfizer Inc by 1.46%. His purchase prices were between $22.51 and $24.61, with an estimated average price of $23.2. The impact to his portfolio due to this purchase was 0.1%. His holdings were 1,857,087 shares as of 12/31/2007.
Pfizer, Inc. engages in the discovery, development, manufacture, and marketing of prescription medicines for humans and animals in the United States, Europe, Canada, Asia, and Latin America. Pfizer Inc has a market cap of $151.2 billion; its shares were traded at around $22.37 with a P/E ratio of 18.66 and P/S ratio of 3.12. The dividend yield of Pfizer Inc stocks is 5.7%.
Added: SLM Corp. (SLM, Financial)
Irving Kahn added to his holdings in SLM Corp. by 119.05%. His purchase prices were between $19.65 and $48.45, with an estimated average price of $37.2. The impact to his portfolio due to this purchase was 0.03%. His holdings were 13,800 shares as of 12/31/2007.
SLM Corp. has a market cap of $10.31 billion; its shares were traded at around $22.05 with P/S ratio of 9.61. The dividend yield of SLM Corp. stocks is 1.8%.
New Purchase: MBIA Inc. (MBI, Financial)
Irving Kahn initiated holdings in MBIA Inc.. His purchase prices were between $18.74 and $66.29, with an estimated average price of $37. The impact to his portfolio due to this purchase was 0.98%. His holdings were 311,385 shares as of 12/31/2007.
MBIA, Inc., through its subsidiaries, provides financial guarantee insurance and credit protection products, as well as investment management services to public finance and structured finance issuers and investors, and capital market participants. MBIA Inc. has a market cap of $1.5 billion; its shares were traded at around $11.7 with P/S ratio of 0.46. The dividend yield of MBIA Inc. stocks is 9.6%.
Reduced: Merck & Co. Inc. (MRK, Financial)
Irving Kahn reduced to his holdings in Merck & Co. Inc. by 21.98%. His sale prices were between $52.76 and $60.67, with an estimated average price of $57.2. The impact to his portfolio due to this sale was 5.66%. Irving Kahn still held 700,619 shares as of 12/31/2007.
Merck & Co., Inc. engages in the discovery, development, manufacture, and marketing of products for human and animal health. It offers Singulair for treating asthma, and relief of symptoms of allergic rhinitis; Cozaar/Hyzaar and Vasotec etc. Merck & Co. Inc. has a market cap of $101.2 billion; its shares were traded at around $47.07 with a P/E ratio of 31.10 and P/S ratio of 4.24. The dividend yield of Merck & Co. Inc. stocks is 3.2%.
Reduced: NYMAGIC Inc. (NYM, Financial)
Irving Kahn reduced to his holdings in NYMAGIC Inc. by 57.87%. His sale prices were between $21.03 and $29.93, with an estimated average price of $24.5. The impact to his portfolio due to this sale was 0.16%. Irving Kahn still held 63,081 shares as of 12/31/2007.
NYMAGIC, INC., a holding company, engages in the ownership and operation of insurance companies, risk bearing entities, and insurance underwriters and managers. NYMAGIC Inc. has a market cap of $226.06 million; its shares were traded at around $24.91 with a P/E ratio of 8.06 and P/S ratio of 1.07. The dividend yield of NYMAGIC Inc. stocks is 1.5%.
Reduced: American National Insurance Company (ANAT, Financial)
Irving Kahn reduced to his holdings in American National Insurance Company by 29.46%. His sale prices were between $113.33 and $139.42, with an estimated average price of $123.4. The impact to his portfolio due to this sale was 0.1%. Irving Kahn still held 6,495 shares as of 12/31/2007.
American National Insurance Company and its subsidiaries operate primarily in the insurance industry. The company offers a line of insurance coverages, including individual and group life, accident and health, and annuities; personal lines properties. American National Insurance Company has a market cap of $3.17 billion; its shares were traded at around $120.89 with a P/E ratio of 10.66 and P/S ratio of 1.01. The dividend yield of American National Insurance Company stocks is 2.4%.
Reduced: NewMarket Corp. (NEU, Financial)
Irving Kahn reduced to his holdings in NewMarket Corp. by 26.95%. His sale prices were between $46.96 and $57.4, with an estimated average price of $52.2. The impact to his portfolio due to this sale was 0.07%. Irving Kahn still held 9,696 shares as of 12/31/2007.
NewMarket Corporation, through its subsidiaries, engages in the development, manufacture, and blending of chemical additives. The company operates in two segments, Petroleum Additives and TEL. NewMarket Corp. has a market cap of $1000 million; its shares were traded at around $63.34 with a P/E ratio of 11.46 and P/S ratio of 0.72. The dividend yield of NewMarket Corp. stocks is 1.5%.
Reduced: Kansas City Southern (KSU, Financial)
Irving Kahn reduced to his holdings in Kansas City Southern by 56.89%. His sale prices were between $33.08 and $38.2, with an estimated average price of $35.2. The impact to his portfolio due to this sale was 0.04%. Irving Kahn still held 11,670 shares as of 12/31/2007.
Kansas City Southern, through its subsidiaries, provides domestic and international rail transportation services in the United States and Mexico. It operates north/south rail between Kansas City, Missouri, and various ports along the Gulf of Mexico. Kansas City Southern has a market cap of $2.83 billion; its shares were traded at around $37.6 with a P/E ratio of 27.12 and P/S ratio of 1.64.
Reduced: Autoliv Inc. (ALV)
Irving Kahn reduced to his holdings in Autoliv Inc. by 38.13%. His sale prices were between $53.19 and $63.56, with an estimated average price of $58.7. The impact to his portfolio due to this sale was 0.04%. Irving Kahn still held 6,685 shares as of 12/31/2007.
Autoliv, Inc., through its subsidiaries, engages in the development, manufacture, and supply of automotive safety systems to automotive industry worldwide. Autoliv Inc. has a market cap of $3.79 billion; its shares were traded at around $51.67 with a P/E ratio of 13.98 and P/S ratio of 0.56. The dividend yield of Autoliv Inc. stocks is 3.3%.
Reduced: MAXXAM Inc (MXM)
Irving Kahn reduced to his holdings in MAXXAM Inc by 21.67%. His sale prices were between $26.21 and $28.05, with an estimated average price of $27.5. The impact to his portfolio due to this sale was 0.03%. Irving Kahn still held 8,258 shares as of 12/31/2007.
MAXXAM, Inc., through its subsidiaries, engages in forest products, real estate investment and development, and racing operations. Its forest products operations include growing and harvesting of redwood and Douglas-fir timber, MAXXAM Inc has a market cap of $150.36 million; its shares were traded at around $28.6 with P/S ratio of 1.04.
Sold Out: Knight Capital Group Inc. (NITE)
Irving Kahn sold out his holdings in Knight Capital Group Inc.. His sale prices were between $12.64 and $14.37, with an estimated average price of $13.4. The impact to his portfolio due to this sale was less than 0.01%.
Knight Capital Group, Inc., together with its subsidiaries, provides various financial services in the United States. It operates in two segments, Asset Management and Global Markets. Knight Capital Group Inc. has a market cap of $1.49 billion; its shares were traded at around $16.68 with a P/E ratio of 13.39 and P/S ratio of 1.71.
Sold Out: TempleInland Inc. (TIN)
Irving Kahn sold out his holdings in TempleInland Inc.. His sale prices were between $17.6 and $32.74, with an estimated average price of $26.1. The impact to his portfolio due to this sale was less than 0.01%.
Temple-Inland, Inc., through its subsidiaries, engages in corrugated packaging, forest products, real estate, and financial services businesses in the United States. TempleInland Inc. has a market cap of $1.68 billion; its shares were traded at around $15.74 with a P/E ratio of 1.31 and P/S ratio of 0.43. The dividend yield of TempleInland Inc. stocks is 6.6%.
