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Martin Whitman Buys MBIA Inc., Legg Mason Inc., Forest City Enterprises Inc., Sells Pfizer Inc, The TorontoDominion Bank, ACE Ltd.

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Legendary investor Martin Whitman rarely make big changes to his portfolio, but during the past quarter he had one of worst performance periods, he is convinced with his bets on bond insurers, and buying more. These are the details of his buys and sells during the last quarter.

Martin Whitman buys MBIA Inc., Legg Mason Inc., Forest City Enterprises Inc., sells Pfizer Inc, The TorontoDominion Bank, ACE Ltd., Sears Holdings Corp., St. Jude Medical Inc., Nuveen Investments Inc., Ceridian Corp., PAREXEL International Corp. during the 3-months ended 01/31/2008, according to the most recent filings of his investment company, Third Avenue Value Fund. Martin Whitman owns 102 stocks with a total value of $9.2 billion. These are the details of the buys and sells.

For the details of Martin Whitman's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Martin+Whitman

Added: MBIA Inc. (MBI)

Martin Whitman added to his holdings in MBIA Inc. by 77.16%. His purchase prices were between $8.55 and $36.74, with an estimated average price of $23.7. The impact to his portfolio due to this purchase was 0.92%. His holdings were 12,539,420 shares as of 01/31/2008.

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 $1.56 billion; its shares were traded at around $12.97 with P/S ratio of 0.51. The dividend yield of MBIA Inc. stocks is 9.6%.

Added: Legg Mason Inc. (LM)

Martin Whitman added to his holdings in Legg Mason Inc. by 68.89%. His purchase prices were between $69.11 and $76.07, with an estimated average price of $72. The impact to his portfolio due to this purchase was 0.78%. His holdings were 2,451,598 shares as of 01/31/2008.

Legg Mason, Inc., an asset management company, provides investment management and related services to institutional and individual clients, company-sponsored mutual funds, and other investment vehicles worldwide. Legg Mason Inc. has a market cap of $8.76 billion; its shares were traded at around $66.04 with a P/E ratio of 13.50 and P/S ratio of 1.89. The dividend yield of Legg Mason Inc. stocks is 1.4%.

Added: Forest City Enterprises Inc. (FCE-A)

Martin Whitman added to his holdings in Forest City Enterprises Inc. by 23.81%. His purchase prices were between $35.3 and $50.89, with an estimated average price of $44.2. The impact to his portfolio due to this purchase was 0.73%. His holdings were 8,681,085 shares as of 01/31/2008.

Forest City Enterprises, Inc. engages in the ownership, development, management, and acquisition of commercial and residential real estate properties in the United States. Forest City Enterprises Inc. has a market cap of $3.66 billion; its shares were traded at around $35.15 with a P/E ratio of 33.27 and P/S ratio of 2.74. The dividend yield of Forest City Enterprises Inc. stocks is 0.6%.

Added: HENDERSON LAND DEV (HLDVF.PK)

Martin Whitman added to his holdings in HENDERSON LAND DEV by 5.07%. The impact to his portfolio due to this purchase was 0.54%. His holdings were 119,071,738 shares as of 01/31/2008.

No business summary available for HLDVF.PK. HENDERSON LAND DEV has a market cap of $ million; its shares were traded at around $7.9 .

Added: Alliance Data Systems Corp. (ADS)

Martin Whitman added to his holdings in Alliance Data Systems Corp. by 63.5%. His purchase prices were between $42.48 and $78.25, with an estimated average price of $71. The impact to his portfolio due to this purchase was 0.52%. His holdings were 2,429,960 shares as of 01/31/2008.

Alliance Data Systems Corporation, together with its subsidiaries, provides transaction, marketing, and credit services in the United States, Canada, and internationally. Alliance Data Systems Corp. has a market cap of $3.69 billion; its shares were traded at around $50.63 with a P/E ratio of 23.23 and P/S ratio of 1.73.

Added: CIT Group Inc. (CIT)

Martin Whitman added to his holdings in CIT Group Inc. by 80%. His purchase prices were between $20.57 and $30.01, with an estimated average price of $25.2. The impact to his portfolio due to this purchase was 0.31%. His holdings were 2,250,000 shares as of 01/31/2008.

CIT Group, Inc., a commercial and consumer finance company, provides financing and leasing products and services to various industries. Its products primarily include asset based loans; secured lines of credit; CIT Group Inc. has a market cap of $4.04 billion; its shares were traded at around $22.22 with P/S ratio of 1.11. The dividend yield of CIT Group Inc. stocks is 4.2%.

Added: Ambac Financial Group Inc. (ABK)

Martin Whitman added to his holdings in Ambac Financial Group Inc. by 666.65%. His purchase prices were between $6.2 and $27.46, with an estimated average price of $21.7. The impact to his portfolio due to this purchase was 0.25%. His holdings were 2,299,959 shares as of 01/31/2008.

Ambac Financial Group, Inc., through its subsidiaries, provides financial guarantee products and other financial services to clients in the public and private sectors worldwide. Ambac Financial Group Inc. has a market cap of $1.01 billion; its shares were traded at around $11.14 . The dividend yield of Ambac Financial Group Inc. stocks is 7.3%.

Added: MGIC Investment Corp. (MTG)

Martin Whitman added to his holdings in MGIC Investment Corp. by 100%. His purchase prices were between $14.09 and $26.91, with an estimated average price of $20.6. The impact to his portfolio due to this purchase was 0.2%. His holdings were 2,000,000 shares as of 01/31/2008.

MGIC Investment Corporation, through its subsidiary, provides private mortgage insurance to the home mortgage lending industry in the United States. The private mortgage insurance covers residential first mortgage loans and expands home ownership. MGIC Investment Corp. has a market cap of $1.2 billion; its shares were traded at around $14.81 with P/S ratio of 0.71. The dividend yield of MGIC Investment Corp. stocks is 0.6%.

Added: The St. Joe Company (JOE)

Martin Whitman added to his holdings in The St. Joe Company by 6.09%. His purchase prices were between $28.17 and $36.26, with an estimated average price of $31.6. The impact to his portfolio due to this purchase was 0.17%. His holdings were 7,072,168 shares as of 01/31/2008.

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 $2.88 billion; its shares were traded at around $38.45 with a P/E ratio of 72.54 and P/S ratio of 7.68. The dividend yield of The St. Joe Company stocks is 1.8%.

Added: FedFirst Financial Corp. (FFCO)

Martin Whitman added to his holdings in FedFirst Financial Corp. by 38.78%. His purchase prices were between $8.55 and $9.31, with an estimated average price of $9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 490,036 shares as of 01/31/2008.

FedFirst Financial Corporation operates as the holding company for First Federal Savings Bank that provides various banking services to individual and business customers primarily in southwestern Pennsylvania. FedFirst Financial Corp. has a market cap of $55.11 million; its shares were traded at around $8.5 with P/S ratio of 7.15.

Added: Tellabs Inc. (TLAB)

Martin Whitman added to his holdings in Tellabs Inc. by 149.4%. His purchase prices were between $5.98 and $7.54, with an estimated average price of $6.7. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 0 shares as of 01/31/2008.

Tellabs, Inc. engages in the design, development, deployment, and support of telecommunications networking products worldwide. Its product portfolio includes solutions for wireline and wireless transport, access networking, broadband data, Tellabs Inc. has a market cap of $2.63 billion; its shares were traded at around $6.58 with a P/E ratio of 43.20 and P/S ratio of 1.42.

Added: Colonial Bankshares Inc. (COBK)

Martin Whitman added to his holdings in Colonial Bankshares Inc. by 38.03%. His purchase prices were between $10 and $10.89, with an estimated average price of $10.4. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 50,920 shares as of 01/31/2008.

Colonial Bankshares, Inc. operates as the holding company for Colonial Bank, FSB, which provides various banking services primarily in Cumberland and Gloucester Counties, New Jersey. Colonial Bankshares Inc. has a market cap of $47.47 million; its shares were traded at around $9.8 with a P/E ratio of 31.72 and P/S ratio of 4.46.

Reduced: Alico Inc. (ALCO)

Martin Whitman reduced to his holdings in Alico Inc. by 35.78%. His sale prices were between $35.87 and $44.48, with an estimated average price of $40.8. The impact to his portfolio due to this sale was 0.03%. Martin Whitman still held 89,259 shares as of 01/31/2008.

Alico, Inc., through its subsidiaries, operates as a land management company in central and southwest Florida. The company grows and ships vegetable transplants to commercial farmers; cultivates sod for landscaping purposes; Alico Inc. has a market cap of $290.57 million; its shares were traded at around $40.85 with P/S ratio of 27.01. The dividend yield of Alico Inc. stocks is 2.5%.

Reduced: Tompkins Financial Corp. (TMP)

Martin Whitman reduced to his holdings in Tompkins Financial Corp. by 23.48%. His sale prices were between $35.9 and $42.23, with an estimated average price of $39.7. The impact to his portfolio due to this sale was 0.02%. Martin Whitman still held 41,857 shares as of 01/31/2008.

Tompkins Financial Corporation, through its wholly owned banking subsidiaries, Tompkins Trust Company, The Bank of Castile, and The Mahopac National Bank, primarily offers commercial banking services in New York. Tompkins Financial Corp. has a market cap of $421.37 million; its shares were traded at around $44.05 with a P/E ratio of 16.38 and P/S ratio of 3.61. The dividend yield of Tompkins Financial Corp. stocks is 3%.

Reduced: ConsolidatedTomoka Land Co (CTO)

Martin Whitman reduced to his holdings in ConsolidatedTomoka Land Co by 36.33%. His sale prices were between $49.33 and $65.87, with an estimated average price of $59.8. The impact to his portfolio due to this sale was 0.01%. Martin Whitman still held 19,737 shares as of 01/31/2008.

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 $299.13 million; its shares were traded at around $51.5 with a P/E ratio of 35.52 and P/S ratio of 7.94. The dividend yield of ConsolidatedTomoka Land Co stocks is 0.7%.

Sold Out: ACE Ltd. (ACE)

Martin Whitman sold out his holdings in ACE Ltd.. His sale prices were between $56.49 and $61.9, with an estimated average price of $59.4. The impact to his portfolio due to this sale was less than 0.01%.

ACE limited and its subsidiaries provide a range of property and casualty insurance and reinsurance products to commercial and individual customers worldwide. ACE Ltd. has a market cap of $18.16 billion; its shares were traded at around $56.24 with a P/E ratio of 7.19 and P/S ratio of 1.31. The dividend yield of ACE Ltd. stocks is 1.9%.

Sold Out: The TorontoDominion Bank (TD)

Martin Whitman sold out his holdings in The TorontoDominion Bank. His sale prices were between $62.79 and $74.23, with an estimated average price of $68.3. The impact to his portfolio due to this sale was less than 0.01%.

The Toronto-Dominion Bank and its subsidiaries provides financial services in North America. It operates through four segments: Canadian Personal and Commercial Banking, Wealth Management, U.S. The TorontoDominion Bank has a market cap of $46.6 billion; its shares were traded at around $67.03 with a P/E ratio of 11.63 and P/S ratio of 3.52. The dividend yield of The TorontoDominion Bank stocks is 3.5%.

Sold Out: St. Jude Medical Inc. (STJ)

Martin Whitman sold out his holdings in St. Jude Medical Inc.. His sale prices were between $38.95 and $43.07, with an estimated average price of $40.4. The impact to his portfolio due to this sale was less than 0.01%.

St. Jude Medical, Inc. engages in the design, manufacture, and distribution of medical devices for heart-related and neurological conditions in the United States and internationally. St. Jude Medical Inc. has a market cap of $15.08 billion; its shares were traded at around $42.98 with a P/E ratio of 27.11 and P/S ratio of 3.99.

Sold Out: Sears Holdings Corp. (SHLD)

Martin Whitman sold out his holdings in Sears Holdings Corp.. His sale prices were between $89.43 and $120.97, with an estimated average price of $105.4. The impact to his portfolio due to this sale was less than 0.01%.

Sears Holdings Corporation, through its subsidiaries, operates as a broad-line retailer in the United States and Canada. The company operates through three segments: Kmart, Sears Domestic, and Sears Canada. Sears Holdings Corp. has a market cap of $13.28 billion; its shares were traded at around $95.62 with a P/E ratio of 11.89 and P/S ratio of 0.25.

Sold Out: PAREXEL International Corp. (PRXL)

Martin Whitman sold out his holdings in PAREXEL International Corp.. His sale prices were between $44.15 and $57, with an estimated average price of $49. The impact to his portfolio due to this sale was less than 0.01%.

PAREXEL International Corporation, a bio/pharmaceutical services company, provides clinical research, medical communications services, consulting and informatics, and technology products and services to the pharmaceutical, biotechnology, PAREXEL International Corp. has a market cap of $1.55 billion; its shares were traded at around $54.95 with a P/E ratio of 33.50 and P/S ratio of 1.50.

Sold Out: Pfizer Inc (PFE)

Martin Whitman sold out his holdings in Pfizer Inc. His sale prices were between $22.19 and $24.06, with an estimated average price of $22.9. The impact to his portfolio due to this sale was less than 0.01%.

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 $150.72 billion; its shares were traded at around $22.28 with a P/E ratio of 18.60 and P/S ratio of 3.10. The dividend yield of Pfizer Inc stocks is 5.7%.


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