Third Avenue Management, led by its founder and chairman Martin Whitman, seeks safe and cheap investments. Whitman bets heavily with mortgage insuruers like Radian and MGIC. He is convinced and he has been buying more of those. These are their buys and sells during the fourth quarter.
Third Avenue Management buys MGIC Investment Corp., Haynes International Inc., Imation Corp., Triad Guaranty Inc., IAMGOLD Corp., United Microelectronics Corp., United Financial Bancorp Inc., sells Canadian Natural Resources Ltd., Agrium Inc., Nuveen Investments Inc., Ceridian Corp., Tribune Company, Pogo Producing Company, Bois d'Arc Energy Inc., Cresud S.A.C.I.F. y A., Castlepoint Holdings Ltd., Hutchinson Technology Inc., Clifton Savings Bancorp Inc., CRM Holdings Ltd., Reis Inc, Millea Holdings Inc., Lake Shore Bancorp Inc., HKN Inc during the 3-months ended 12/31/2007, according to the most recent filings of his investment company, Third Avenue Management. Third Avenue Management owns 177 stocks with a total value of $11.5 billion. These are the details of the buys and sells.
New Purchases: HAYN, IAG, IMN, MTG, TGIC, UBNK, UMC,
Added Positions: ABK, AHL, ASVI, AVX, CBF, CCRN, CIT, COBK, CUZ, CVCO, FCE-A, HFBL.OB, IIIN, KSWS, LM, LPX, LXK, MBI, MRH, NEM, PDC, RDN, RSO, TDW, TLAB, USG, WIRE, WLK, IIIN, BRNC,
Reduced Positions: AFR, ANL, CRK, ECA, GLNG, GSIG, IRS, KRNY, MERC, RCKB, WLL, JAKK, QRR,
Sold Out: AGU, BDE, CEN, CNQ, CPHL, CRESY, CRMH, CSBK, HKN, HTCH, JNC, LSBK, MLEAY.PK, PPP, TRB, WRP,
For the details of Third Avenue Management's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Third+Avenue+Management
Third Avenue Management buys MGIC Investment Corp., Haynes International Inc., Imation Corp., Triad Guaranty Inc., IAMGOLD Corp., United Microelectronics Corp., United Financial Bancorp Inc., sells Canadian Natural Resources Ltd., Agrium Inc., Nuveen Investments Inc., Ceridian Corp., Tribune Company, Pogo Producing Company, Bois d'Arc Energy Inc., Cresud S.A.C.I.F. y A., Castlepoint Holdings Ltd., Hutchinson Technology Inc., Clifton Savings Bancorp Inc., CRM Holdings Ltd., Reis Inc, Millea Holdings Inc., Lake Shore Bancorp Inc., HKN Inc during the 3-months ended 12/31/2007, according to the most recent filings of his investment company, Third Avenue Management. Third Avenue Management owns 177 stocks with a total value of $11.5 billion. These are the details of the buys and sells.
New Purchases: HAYN, IAG, IMN, MTG, TGIC, UBNK, UMC,
Added Positions: ABK, AHL, ASVI, AVX, CBF, CCRN, CIT, COBK, CUZ, CVCO, FCE-A, HFBL.OB, IIIN, KSWS, LM, LPX, LXK, MBI, MRH, NEM, PDC, RDN, RSO, TDW, TLAB, USG, WIRE, WLK, IIIN, BRNC,
Reduced Positions: AFR, ANL, CRK, ECA, GLNG, GSIG, IRS, KRNY, MERC, RCKB, WLL, JAKK, QRR,
Sold Out: AGU, BDE, CEN, CNQ, CPHL, CRESY, CRMH, CSBK, HKN, HTCH, JNC, LSBK, MLEAY.PK, PPP, TRB, WRP,
For the details of Third Avenue Management's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Third+Avenue+Management
