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Ronald Muhlenkamp Buys Amgen Inc., Berkshire Hathaway Inc., The Boeing Company, Sells Fidelity National Financial Inc., Allstate Corp. The, Fannie Mae

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Ron Muhlenkamp likes to buy stocks when its p/e ratio is lower than the percentage of return on equity. His recent performances have been hurt by the housing slowdown. These are his buys and sells during the first quarter. Ronald Muhlenkamp owns 54 stocks with a total value of $1.4 billion.

Ronald Muhlenkamp buys Amgen Inc., iShares Russell 1000 Growth Index Fund, sells Citigroup Inc., Allstate Corp. The, Fannie Mae, Capital One Financial Corp., Countrywide Financial Corp., Fidelity National Financial Inc. during the 3-months ended 03/31/2008, according to the most recent filings of his investment company, Muhlenkamp Fund. Ronald Muhlenkamp owns 54 stocks with a total value of $1.4 billion. These are the details of the buys and sells.

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

Added: Berkshire Hathaway Inc. (BRK-B)

Ronald Muhlenkamp added to his holdings in Berkshire Hathaway Inc. by 30575.6%. His purchase prices were between $4318 and $4795, with an estimated average price of $4521.2. The impact to his portfolio due to this purchase was 4.26%. His holdings were 13,804 shares as of 03/31/2008.

No business summary available for BRK-B. Get Summary for Another Symbol: Berkshire Hathaway Inc. has a market cap of $ million; its shares were traded at around $4148 .

Added: International Business Machines Corp (IBM)

Ronald Muhlenkamp added to his holdings in International Business Machines Corp by 293.03%. His purchase prices were between $96.9 and $117.85, with an estimated average price of $107.8. The impact to his portfolio due to this purchase was 3.54%. His holdings were 596,385 shares as of 03/31/2008.

International Business Machines Corporation (IBM) develops and manufactures information technologies, including computer systems, software, networking systems, storage devices, and microelectronics worldwide. International Business Machines Corp has a market cap of $175.15 billion; its shares were traded at around $126.58 with a P/E ratio of 16.63 and P/S ratio of 1.72. The dividend yield of International Business Machines Corp stocks is 1.6%.

Added: The Goodyear Tire & Rubber Company (GT)

Ronald Muhlenkamp added to his holdings in The Goodyear Tire & Rubber Company by 37.38%. His purchase prices were between $23.69 and $27.1, with an estimated average price of $25.5. The impact to his portfolio due to this purchase was 0.53%. His holdings were 1,097,805 shares as of 03/31/2008.

The Goodyear Tire & Rubber Company engages in the development, manufacture, distribution, and sale of tires and related products and services worldwide. The Goodyear Tire & Rubber Company has a market cap of $6.86 billion; its shares were traded at around $28 with a P/E ratio of 7.55 and P/S ratio of 0.34.

Added: WESCO International Inc. (WCC)

Ronald Muhlenkamp added to his holdings in WESCO International Inc. by 34.07%. His purchase prices were between $32.89 and $41.98, with an estimated average price of $37.5. The impact to his portfolio due to this purchase was 0.52%. His holdings were 804,970 shares as of 03/31/2008.

WESCO International, Inc., through its subsidiaries, distributes electrical construction products, and electrical and industrial maintenance, repair, and operating (MRO) supplies in North America and internationally. WESCO International Inc. has a market cap of $1.87 billion; its shares were traded at around $42.18 with a P/E ratio of 8.29 and P/S ratio of 0.31.

Added: The Boeing Company (BA)

Ronald Muhlenkamp added to his holdings in The Boeing Company by 7.33%. His purchase prices were between $73.13 and $85, with an estimated average price of $79.2. The impact to his portfolio due to this purchase was 0.22%. His holdings were 633,495 shares as of 03/31/2008.

The Boeing Company has a market cap of $64.39 billion; its shares were traded at around $85.08 with a P/E ratio of 14.86 and P/S ratio of 0.95. The dividend yield of The Boeing Company stocks is 1.9%.

Added: Kinetic Concepts Inc. (KCI)

Ronald Muhlenkamp added to his holdings in Kinetic Concepts Inc. by 9.62%. His purchase prices were between $46.6 and $52.17, with an estimated average price of $50. The impact to his portfolio due to this purchase was 0.2%. His holdings were 704,825 shares as of 03/31/2008.

Kinetic Concepts, Inc., a medical technology company, engages in the design, manufacture, marketing, and service of wound care and therapeutic products in the United States and internationally. Kinetic Concepts Inc. has a market cap of $2.84 billion; its shares were traded at around $38.57 with a P/E ratio of 11.24 and P/S ratio of 1.68.

Added: Transocean Inc. (RIG)

Ronald Muhlenkamp added to his holdings in Transocean Inc. by 5.51%. His purchase prices were between $125.18 and $142.46, with an estimated average price of $133.2. The impact to his portfolio due to this purchase was 0.17%. His holdings were 343,122 shares as of 03/31/2008.

Transocean, Inc., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells. It offers deepwater and harsh environment drilling services; oil and gas drilling management services; and drilling engineering etc. Transocean Inc. has a market cap of $46.77 billion; its shares were traded at around $149.03 with a P/E ratio of 10.42 and P/S ratio of 7.43.

New Purchase: Amgen Inc. (AMGN)

Ronald Muhlenkamp initiated holdings in Amgen Inc.. His purchase prices were between $40.11 and $48.14, with an estimated average price of $45.4. The impact to his portfolio due to this purchase was 1.61%. His holdings were 558,473 shares as of 03/31/2008.

Amgen, Inc., a biotechnology company, engages in the discovery, development, manufacture, and marketing of human therapeutics based on advances in cellular and molecular biology. Amgen Inc. has a market cap of $45.91 billion; its shares were traded at around $42.5 with a P/E ratio of 14.57 and P/S ratio of 3.15.

New Purchase: iShares Russell 1000 Growth Index Fund (IWF)

Ronald Muhlenkamp initiated holdings in iShares Russell 1000 Growth Index Fund. His purchase prices were between $53.54 and $58.24, with an estimated average price of $55.3. The impact to his portfolio due to this purchase was 0.05%. His holdings were 14,257 shares as of 03/31/2008.


Reduced: Devon Energy Corp. (DVN)

Ronald Muhlenkamp reduced to his holdings in Devon Energy Corp. by 42.13%. His sale prices were between $80.94 and $104.32, with an estimated average price of $93.3. The impact to his portfolio due to this sale was 3.7%. Ronald Muhlenkamp still held 728,860 shares as of 03/31/2008.

Devon Energy Corporation and its subsidiaries primarily engage in oil and gas exploration, development, and production; the transportation of oil, gas, and natural gas liquids; and the processing of natural gas. Devon Energy Corp. has a market cap of $51.76 billion; its shares were traded at around $117.95 with a P/E ratio of 14.13 and P/S ratio of 4.17. The dividend yield of Devon Energy Corp. stocks is 0.5%.

Reduced: Cemex S.A.B. de C.V. (CX)

Ronald Muhlenkamp reduced to his holdings in Cemex S.A.B. de C.V. by 33.58%. His sale prices were between $22.31 and $26.96, with an estimated average price of $25. The impact to his portfolio due to this sale was 2.93%. Ronald Muhlenkamp still held 2,164,158 shares as of 03/31/2008.

CEMEX, S.A.B. de C.V., through its subsidiaries, engages in the production, distribution, marketing, and sale of cement, ready-mix concrete, aggregates, and other construction materials. Cemex S.A.B. de C.V. has a market cap of $21.7 billion; its shares were traded at around $28.51 with a P/E ratio of 8.56 and P/S ratio of 0.92. The dividend yield of Cemex S.A.B. de C.V. stocks is 2.6%.

Reduced: BHP Billiton Ltd. (BHP)

Ronald Muhlenkamp reduced to his holdings in BHP Billiton Ltd. by 38.17%. His sale prices were between $60.24 and $73.25, with an estimated average price of $67.9. The impact to his portfolio due to this sale was 2.55%. Ronald Muhlenkamp still held 772,480 shares as of 03/31/2008.

BHP Billiton Ltd. has a market cap of $253.26 billion; its shares were traded at around $87.8 with a P/E ratio of 19.36 and P/S ratio of 5.68. The dividend yield of BHP Billiton Ltd. stocks is 1.3%.

Reduced: ConocoPhillips (COP)

Ronald Muhlenkamp reduced to his holdings in ConocoPhillips by 51.21%. His sale prices were between $72.47 and $85.07, with an estimated average price of $78.2. The impact to his portfolio due to this sale was 1.56%. Ronald Muhlenkamp still held 447,388 shares as of 03/31/2008.

ConocoPhillips operates as an integrated energy company worldwide. It operates in six segments: Exploration and Production (E&P), Midstream, Refining and Marketing (R&M), LUKOIL Investment, Chemicals, and Emerging Businesses. ConocoPhillips has a market cap of $136.57 billion; its shares were traded at around $88.62 with a P/E ratio of 11.52 and P/S ratio of 0.74. The dividend yield of ConocoPhillips stocks is 2.1%.

Reduced: Anadarko Petroleum Corp. (APC)

Ronald Muhlenkamp reduced to his holdings in Anadarko Petroleum Corp. by 63.39%. His sale prices were between $55.27 and $64.5, with an estimated average price of $60.7. The impact to his portfolio due to this sale was 1.36%. Ronald Muhlenkamp still held 510,880 shares as of 03/31/2008.

Anadarko Petroleum Corporation engages in the exploration and production of oil and gas properties primarily in the United States, the deepwater of the Gulf of Mexico, and Algeria. Anadarko Petroleum Corp. has a market cap of $35.64 billion; its shares were traded at around $77.77 with a P/E ratio of 15.25 and P/S ratio of 3.14. The dividend yield of Anadarko Petroleum Corp. stocks is 0.5%.

Reduced: Altria Group Inc. (MO)

Ronald Muhlenkamp reduced to his holdings in Altria Group Inc. by 50.57%. His sale prices were between $21.67 and $24.12, with an estimated average price of $22.6. The impact to his portfolio due to this sale was 1.32%. Ronald Muhlenkamp still held 1,297,218 shares as of 03/31/2008.

Altria Group, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes and other tobacco products in the United States and internationally. Altria Group Inc. has a market cap of $46.35 billion; its shares were traded at around $21.92 with a P/E ratio of 4.91 and P/S ratio of 1.21. The dividend yield of Altria Group Inc. stocks is 14.1%.

Reduced: Nabors Industries Ltd. (NBR)

Ronald Muhlenkamp reduced to his holdings in Nabors Industries Ltd. by 85.52%. His sale prices were between $25.56 and $33.39, with an estimated average price of $29.6. The impact to his portfolio due to this sale was 0.19%. Ronald Muhlenkamp still held 149,016 shares as of 03/31/2008.

Nabors Industries, Ltd. operates as a land drilling contractor. It conducts oil, gas, and geothermal land drilling operations in the United States, Alaska, Canada, South America, Mexico, the Caribbean, the Middle East, the Far East, Russia, etc. Nabors Industries Ltd. has a market cap of $11.06 billion; its shares were traded at around $39.51 with a P/E ratio of 12.51 and P/S ratio of 2.22.

Reduced: U.S. Bancorp (USB)

Ronald Muhlenkamp reduced to his holdings in U.S. Bancorp by 53.93%. His sale prices were between $29.07 and $34.09, with an estimated average price of $31.6. The impact to his portfolio due to this sale was 0.01%. Ronald Muhlenkamp still held 6,270 shares as of 03/31/2008.

U.S. Bancorp operates as the holding company for U.S. Bank that provides commercial banking and financial services in the United States. It generates various deposit products, including checking accounts, savings accounts, money market savings, U.S. Bancorp has a market cap of $59.61 billion; its shares were traded at around $33.99 with a P/E ratio of 14.20 and P/S ratio of 4.46. The dividend yield of U.S. Bancorp stocks is 5.1%.

Sold Out: Citigroup Inc. (C)

Ronald Muhlenkamp sold out his holdings in Citigroup Inc.. His sale prices were between $19.53 and $29.31, with an estimated average price of $24.4. The impact to his portfolio due to this sale was less than 0.01%.

Citigroup, Inc., together with its subsidiaries, provides a range of financial products and services to consumer and corporate customers in the United States and internationally. Citigroup Inc. has a market cap of $122.06 billion; its shares were traded at around $23.03 with P/S ratio of 2.47. The dividend yield of Citigroup Inc. stocks is 5.3%.

Sold Out: Countrywide Financial Corp. (CFC)

Ronald Muhlenkamp sold out his holdings in Countrywide Financial Corp.. His sale prices were between $4.36 and $7.98, with an estimated average price of $6. The impact to his portfolio due to this sale was less than 0.01%.

Countrywide Financial Corporation, through its subsidiaries, engages in mortgage lending and other real estate finance related businesses in the United States. Countrywide Financial Corp. has a market cap of $2.82 billion; its shares were traded at around $4.98 with P/S ratio of 0.41. The dividend yield of Countrywide Financial Corp. stocks is 11.9%.

Sold Out: Capital One Financial Corp. (COF)

Ronald Muhlenkamp sold out his holdings in Capital One Financial Corp.. His sale prices were between $39.11 and $56.15, with an estimated average price of $46.9. The impact to his portfolio due to this sale was less than 0.01%.

Capital One Financial Corporation, through its subsidiaries, provides various financial products and services to consumers, small businesses, and commercial clients in the United States. Capital One Financial Corp. has a market cap of $19.2 billion; its shares were traded at around $51.75 with a P/E ratio of 13.66 and P/S ratio of 1.66. The dividend yield of Capital One Financial Corp. stocks is 2.8%.

Sold Out: Fannie Mae (FNM)

Ronald Muhlenkamp sold out his holdings in Fannie Mae. His sale prices were between $22.11 and $35.94, with an estimated average price of $29.7. The impact to his portfolio due to this sale was less than 0.01%.

Fannie Mae provides funds to mortgage lenders through the purchase of mortgage assets, and issues and guarantees mortgage-related securities that facilitate the flow of funds into the mortgage market in the United States. Fannie Mae has a market cap of $29.24 billion; its shares were traded at around $28.12 . The dividend yield of Fannie Mae stocks is 5.1%.

Sold Out: Fidelity National Financial Inc. (FNF)

Ronald Muhlenkamp sold out his holdings in Fidelity National Financial Inc.. His sale prices were between $12.75 and $19.16, with an estimated average price of $16.5. The impact to his portfolio due to this sale was less than 0.01%.

Fidelity National Financial, Inc., through its subsidiaries, provides title insurance, specialty insurance, claims management, and information services in the United States. Fidelity National Financial Inc. has a market cap of $3.66 billion; its shares were traded at around $17.12 with a P/E ratio of 51.36 and P/S ratio of 0.68. The dividend yield of Fidelity National Financial Inc. stocks is 7.1%.

Sold Out: Allstate Corp. The (ALL)

Ronald Muhlenkamp sold out his holdings in Allstate Corp. The. His sale prices were between $45.74 and $51.05, with an estimated average price of $48. The impact to his portfolio due to this sale was less than 0.01%.

The Allstate Corporation, through its subsidiaries, engages in the personal property and casualty insurance business, as well as in the life insurance, retirement, and investment products business in the United States and Canada. Allstate Corp. The has a market cap of $27.82 billion; its shares were traded at around $49.69 with a P/E ratio of 8.37 and P/S ratio of 0.77. The dividend yield of Allstate Corp.

 

Ronald Muhlenkamp Buys Amgen Inc., Berkshire Hathaway Inc., The Boeing Company, Sells Fidelity National Financial Inc., Allstate Corp. The, Fannie Mae


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