Being successful in value investing means a lot of times you are buying stocks that no one else want. This seems to be what Eddie Lampert is doing. He bought homebuilders, financials and housing related stocks. He is buying a lot. These are the details of the buys and sells.
Edward Lampert buys CIT Group Inc., Centex Corp., KB Home, SLM Corp. during the 3-months ended 09/30/2007, according to the most recent filings of his investment company, ESL Investments. Edward Lampert owns 11 stocks with a total value of $11.5 billion. These are the details of the buys and sells.
New Purchases: CIT, CTX, KBH, SLM,
Added Positions: AN, HD, AN, AN,
For the details of Edward Lampert's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Edward+Lampert
Added: The Home Depot Inc. (HD, Financial)
Edward Lampert added to his holdings in The Home Depot Inc. by 36.42%. His purchase prices were between $24.49 and $30.18, with an estimated average price of $26.9. The impact to his portfolio due to this purchase was 1.48%. His holdings were 22,762,646 shares as of 09/30/2007.
The Home Depot Inc. has a market cap of $48.95 billion; its shares were traded at around $29.53 with a P/E ratio of 12.23 and P/S ratio of 0.65. The dividend yield of The Home Depot Inc. stocks is 3.2%.
Added: AutoNation Inc. (AN, Financial)
Edward Lampert added to his holdings in AutoNation Inc. by 13.84%. His purchase prices were between $12.5 and $16.59, with an estimated average price of $14.5. The impact to his portfolio due to this purchase was 1.06%. His holdings were 66,624,115 shares as of 09/30/2007.
AutoNation, Inc., through its subsidiaries, operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new vehicles, used vehicles, vehicle maintenance and repair services, AutoNation Inc. has a market cap of $2.9 billion; its shares were traded at around $16.99 with a P/E ratio of 12.42 and P/S ratio of 0.17.
New Purchase: CIT Group Inc. (CIT, Financial)
Edward Lampert initiated holdings in CIT Group Inc.. His purchase prices were between $9.55 and $30.13, with an estimated average price of $20.6. The impact to his portfolio due to this purchase was 0.4%. His holdings were 3,925,000 shares as of 09/30/2007.
CIT Group, Inc., a commercial finance company, provides a set of financial products and services worldwide. Its products primarily include asset based loans; secured lines of credit; operating, capital, and leveraged leases; CIT Group Inc. has a market cap of $2.32 billion; its shares were traded at around $12.1 with P/S ratio of 0.75. The dividend yield of CIT Group Inc. stocks is 3.3%.
New Purchase: Centex Corp. (CTX, Financial)
Edward Lampert initiated holdings in Centex Corp.. His purchase prices were between $20.4 and $28.95, with an estimated average price of $22.9. The impact to his portfolio due to this purchase was 0.16%. His holdings were 747,500 shares as of 09/30/2007.
Centex Corporation, a home building company, engages in purchasing and developing land or lots, and constructing and selling detached and attached single-family homes and land or lots in the United States. Centex Corp. has a market cap of $2.8 billion; its shares were traded at around $23.27 with P/S ratio of 0.35. The dividend yield of Centex Corp. stocks is 0.7%.
New Purchase: KB Home (KBH, Financial)
Edward Lampert initiated holdings in KB Home. His purchase prices were between $17.47 and $28.19, with an estimated average price of $22.7. The impact to his portfolio due to this purchase was 0.13%. His holdings were 605,000 shares as of 09/30/2007.
KB Home constructs and sells homes in the United States. The company builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums, designed primarily for first-time, first move-up adult buyers. KB Home has a market cap of $2.26 billion; its shares were traded at around $26.03 with P/S ratio of 0.40. The dividend yield of KB Home stocks is 4.2%.
New Purchase: SLM Corp. (SLM, Financial)
Edward Lampert initiated holdings in SLM Corp. in the third quarter of 2007. His purchase prices were between $47.88 and $57.9, with an estimated average price of $50. His holdings were 6,076,900 shares as of 09/30/2007. He did not report his holdings in SLM Corp unitl yesterday. Currently he owns 6,018,100 of SLM.
SLM Corp. has a market cap of $10.07 billion; its shares were traded at around $21.55 with P/S ratio of 20.28. The dividend yield of SLM Corp. stocks is 1.6%.
Edward Lampert buys CIT Group Inc., Centex Corp., KB Home, SLM Corp. during the 3-months ended 09/30/2007, according to the most recent filings of his investment company, ESL Investments. Edward Lampert owns 11 stocks with a total value of $11.5 billion. These are the details of the buys and sells.
New Purchases: CIT, CTX, KBH, SLM,
Added Positions: AN, HD, AN, AN,
For the details of Edward Lampert's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Edward+Lampert
Added: The Home Depot Inc. (HD, Financial)
Edward Lampert added to his holdings in The Home Depot Inc. by 36.42%. His purchase prices were between $24.49 and $30.18, with an estimated average price of $26.9. The impact to his portfolio due to this purchase was 1.48%. His holdings were 22,762,646 shares as of 09/30/2007.
The Home Depot Inc. has a market cap of $48.95 billion; its shares were traded at around $29.53 with a P/E ratio of 12.23 and P/S ratio of 0.65. The dividend yield of The Home Depot Inc. stocks is 3.2%.
Added: AutoNation Inc. (AN, Financial)
Edward Lampert added to his holdings in AutoNation Inc. by 13.84%. His purchase prices were between $12.5 and $16.59, with an estimated average price of $14.5. The impact to his portfolio due to this purchase was 1.06%. His holdings were 66,624,115 shares as of 09/30/2007.
AutoNation, Inc., through its subsidiaries, operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new vehicles, used vehicles, vehicle maintenance and repair services, AutoNation Inc. has a market cap of $2.9 billion; its shares were traded at around $16.99 with a P/E ratio of 12.42 and P/S ratio of 0.17.
New Purchase: CIT Group Inc. (CIT, Financial)
Edward Lampert initiated holdings in CIT Group Inc.. His purchase prices were between $9.55 and $30.13, with an estimated average price of $20.6. The impact to his portfolio due to this purchase was 0.4%. His holdings were 3,925,000 shares as of 09/30/2007.
CIT Group, Inc., a commercial finance company, provides a set of financial products and services worldwide. Its products primarily include asset based loans; secured lines of credit; operating, capital, and leveraged leases; CIT Group Inc. has a market cap of $2.32 billion; its shares were traded at around $12.1 with P/S ratio of 0.75. The dividend yield of CIT Group Inc. stocks is 3.3%.
New Purchase: Centex Corp. (CTX, Financial)
Edward Lampert initiated holdings in Centex Corp.. His purchase prices were between $20.4 and $28.95, with an estimated average price of $22.9. The impact to his portfolio due to this purchase was 0.16%. His holdings were 747,500 shares as of 09/30/2007.
Centex Corporation, a home building company, engages in purchasing and developing land or lots, and constructing and selling detached and attached single-family homes and land or lots in the United States. Centex Corp. has a market cap of $2.8 billion; its shares were traded at around $23.27 with P/S ratio of 0.35. The dividend yield of Centex Corp. stocks is 0.7%.
New Purchase: KB Home (KBH, Financial)
Edward Lampert initiated holdings in KB Home. His purchase prices were between $17.47 and $28.19, with an estimated average price of $22.7. The impact to his portfolio due to this purchase was 0.13%. His holdings were 605,000 shares as of 09/30/2007.
KB Home constructs and sells homes in the United States. The company builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums, designed primarily for first-time, first move-up adult buyers. KB Home has a market cap of $2.26 billion; its shares were traded at around $26.03 with P/S ratio of 0.40. The dividend yield of KB Home stocks is 4.2%.
New Purchase: SLM Corp. (SLM, Financial)
Edward Lampert initiated holdings in SLM Corp. in the third quarter of 2007. His purchase prices were between $47.88 and $57.9, with an estimated average price of $50. His holdings were 6,076,900 shares as of 09/30/2007. He did not report his holdings in SLM Corp unitl yesterday. Currently he owns 6,018,100 of SLM.
SLM Corp. has a market cap of $10.07 billion; its shares were traded at around $21.55 with P/S ratio of 20.28. The dividend yield of SLM Corp. stocks is 1.6%.
