Arnold Van Den Berg Buys General Electric Company, W.W. Grainger Inc., Staples Inc., Sells Pfizer Inc, Target Corp., KimberlyClark Corp.

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May 22, 2008
Arnold Van Den Berg likes to buy stocks that are sold at rolling 10-year low price/sales ratios. It usually takes him 6-12 months to invest clients' capital. These are his buys and sells during the first quarter of 2008.


Arnold Van Den Berg buys General Electric Company, W.W. Grainger Inc., Staples Inc., Patterson Companies Inc., sells Pfizer Inc, Target Corp., KimberlyClark Corp., Furniture Brands International Inc., LaZBoy Inc., Handleman Company during the 3-months ended 03/31/2008, according to the most recent filings of his investment company, Century Management. Arnold Van Den Berg owns 65 stocks with a total value of $2.69 billion. These are the details of the buys and sells.





New Purchases: GE, GWW, PDCO, SPLS,


Added Positions: CYMI, DIS, ETH, FDX, JNJ, KEM, MAS, NEWP, PG, ROG, STX, TOL, UPS, USU, XLF,


Reduced Positions: IVC, KO, KWD, LTRE,


Sold Out: FBN, HDLM.PK, KMB, LZB, PFE, TGT,





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


Added: The Walt Disney Company Disney (DIS, Financial)


Arnold Van Den Berg added to his holdings in The Walt Disney Company Disney by 124.08%. His purchase prices were between $31.5 and $35.09, with an estimated average price of $33.4. The impact to his portfolio due to this purchase was 0.7%. His holdings were 1,080,938 shares as of 03/31/2008.


The Walt Disney Company Disney has a market cap of $64.13 billion; its shares were traded at around $33.66 with a P/E ratio of 15.18 and P/S ratio of 1.75. The dividend yield of The Walt Disney Company Disney stocks is 1%.


Added: Cymer Inc. (CYMI, Financial)


Arnold Van Den Berg added to his holdings in Cymer Inc. by 442.43%. His purchase prices were between $37.61 and $42.34, with an estimated average price of $39.6. The impact to his portfolio due to this purchase was 0.57%. His holdings were 725,855 shares as of 03/31/2008.


Cymer, Inc. engages in the development, manufacture, and marketing of excimer light sources for manufacturers of photolithography tools in the semiconductor equipment industry. Cymer Inc. has a market cap of $892.93 million; its shares were traded at around $29.42 with a P/E ratio of 12.15 and P/S ratio of 1.71.





Added: United Parcel Service, Inc. (UPS, Financial)


Arnold Van Den Berg added to his holdings in United Parcel Service, Inc. by 447.83%. His purchase prices were between $69.43 and $75.23, with an estimated average price of $72.9. The impact to his portfolio due to this purchase was 0.48%. His holdings were 217,745 shares as of 03/31/2008.


United Parcel Service, Inc., a package delivery company, provides transportation, logistics, and financial services in the United States and internationally. United Parcel Service, Inc. has a market cap of $70.83 billion; its shares were traded at around $69.38 with a P/E ratio of 164.41 and P/S ratio of 1.42. The dividend yield of United Parcel Service, Inc. stocks is 2.5%.


Added: FedEx Corp. (FDX, Financial)


Arnold Van Den Berg added to his holdings in FedEx Corp. by 401.64%. His purchase prices were between $93.4 and $108.95, with an estimated average price of $102.5. The impact to his portfolio due to this purchase was 0.45%. His holdings were 162,105 shares as of 03/31/2008.


FedEx Corporation, together with its subsidiaries, provides transportation, e-commerce, and business services. It operates in four segments: FedEx Express, FedEx Ground, FedEx Freight, and FedEx Kinko's. FedEx Corp. has a market cap of $27.38 billion; its shares were traded at around $88.31 with a P/E ratio of 13.93 and P/S ratio of 0.75. The dividend yield of FedEx Corp. stocks is 0.4%.


Added: KEMET Corp. (KEM, Financial)


Arnold Van Den Berg added to his holdings in KEMET Corp. by 51.09%. His purchase prices were between $6.2 and $7.66, with an estimated average price of $7. The impact to his portfolio due to this purchase was 0.42%. His holdings were 8,161,651 shares as of 03/31/2008.


KEMET Corporation, together with its subsidiaries, manufactures tantalum, multilayer ceramic, and solid aluminum capacitors. It produces surface-mount capacitors, which are attached directly to the circuit board without lead wires; KEMET Corp. has a market cap of $341.00 million; its shares were traded at around $4.06 with a P/E ratio of 112.78 and P/S ratio of 0.45.


Added: USEC Inc. (USU, Financial)


Arnold Van Den Berg added to his holdings in USEC Inc. by 914.11%. His purchase prices were between $8.07 and $12.8, with an estimated average price of $9.5. The impact to his portfolio due to this purchase was 0.31%. His holdings were 2,439,025 shares as of 03/31/2008.


USEC, Inc., together with its subsidiaries, supplies low enriched uranium (LEU) for commercial nuclear power plants worldwide. It sells separative work units (SWU) component of LEU, the SWU and uranium components of LEU, and uranium. USEC Inc. has a market cap of $713.68 million; its shares were traded at around $6.42 with a P/E ratio of 11.09 and P/S ratio of 0.41.


Added: Newport Corp. (NEWP, Financial)


Arnold Van Den Berg added to his holdings in Newport Corp. by 20.4%. His purchase prices were between $12.89 and $15.42, with an estimated average price of $14. The impact to his portfolio due to this purchase was 0.22%. His holdings were 3,077,465 shares as of 03/31/2008.


Newport Corporation designs, develops, and manufactures technology lasers, components, instruments, subsystems, and systems. The company operates in two divisions; Lasers, and Photonics and Precision Technologies (PPT). Newport Corp. has a market cap of $453.16 million; its shares were traded at around $12.59 with a P/E ratio of 11.25 and P/S ratio of 1.00.


Added: Ethan Allen Interiors Inc. (ETH, Financial)


Arnold Van Den Berg added to his holdings in Ethan Allen Interiors Inc. by 10.28%. His purchase prices were between $28.11 and $34.48, with an estimated average price of $30.8. The impact to his portfolio due to this purchase was 0.17%. His holdings were 1,695,615 shares as of 03/31/2008.


Ethan Allen Interiors, Inc. engages in manufacturing and retailing home furnishings and accessories. The company involves in the design, manufacture, sourcing, sale, and distribution of a range of home furnishings and accessories, Ethan Allen Interiors Inc. has a market cap of $771.91 million; its shares were traded at around $26.91 with a P/E ratio of 12.03 and P/S ratio of 0.80. The dividend yield of Ethan Allen Interiors Inc. stocks is 2.9%.


Added: Seagate Technology (STX, Financial)


Arnold Van Den Berg added to his holdings in Seagate Technology by 9.14%. His purchase prices were between $24.31 and $28.28, with an estimated average price of $25.9. The impact to his portfolio due to this purchase was 0.17%. His holdings were 2,595,299 shares as of 03/31/2008.


Seagate Technology engages in the design, manufacture, and marketing of disc drives for enterprise, desktop, mobile computing, consumer electronics, and branded solutions markets of the disc drive industry. Seagate Technology has a market cap of $9.92 billion; its shares were traded at around $20.46 with a P/E ratio of 6.85 and P/S ratio of 0.79. The dividend yield of Seagate Technology stocks is 2.3%.


Added: Rogers Corp. (ROG, Financial)


Arnold Van Den Berg added to his holdings in Rogers Corp. by 21.7%. His purchase prices were between $39.74 and $49, with an estimated average price of $43.8. The impact to his portfolio due to this purchase was 0.12%. His holdings were 539,526 shares as of 03/31/2008.


Rogers Corporation engages in the development, manufacture, and distribution of specialty material-based products and components for original equipment manufacturers and contract manufacturers worldwide. Rogers Corp. has a market cap of $680.01 million; its shares were traded at around $37.93 with a P/E ratio of 30.61 and P/S ratio of 1.61.


Added: Masco Corp. (MAS, Financial)


Arnold Van Den Berg added to his holdings in Masco Corp. by 3.4%. His purchase prices were between $21.17 and $24.25, with an estimated average price of $22.9. The impact to his portfolio due to this purchase was 0.1%. His holdings were 4,328,790 shares as of 03/31/2008.


Masco Corporation manufactures, distributes, and installs home improvement and building products in North America and internationally. It operates in five segments: Cabinets and Related Products, Plumbing Products, Installation and Other Services, Masco Corp. has a market cap of $6.49 billion; its shares were traded at around $17.93 with a P/E ratio of 26.72 and P/S ratio of 0.60. The dividend yield of Masco Corp. stocks is 4.7%.


Added: Toll Brothers Inc. (TOL)


Arnold Van Den Berg added to his holdings in Toll Brothers Inc. by 25.25%. His purchase prices were between $18.98 and $23.1, with an estimated average price of $21.3. The impact to his portfolio due to this purchase was 0.07%. His holdings were 400,910 shares as of 03/31/2008.


Toll Brothers, Inc. engages in designing, building, marketing, and arranging finance for single-family detached and attached homes in luxury residential communities in the United States. Toll Brothers Inc. has a market cap of $3.5 billion; its shares were traded at around $22.05 with P/S ratio of 0.83.


Added: Johnson & Johnson (JNJ)


Arnold Van Den Berg added to his holdings in Johnson & Johnson by 99.23%. His purchase prices were between $60.89 and $67.29, with an estimated average price of $64.7. The impact to his portfolio due to this purchase was 0.02%. His holdings were 16,056 shares as of 03/31/2008.


Johnson & Johnson has a market cap of $185.24 billion; its shares were traded at around $65.73 with a P/E ratio of 16.40 and P/S ratio of 2.99. The dividend yield of Johnson & Johnson stocks is 2.8%.


Added: The Procter & Gamble Company (PG)


Arnold Van Den Berg added to his holdings in The Procter & Gamble Company by 45.22%. His purchase prices were between $64.45 and $73.33, with an estimated average price of $70. The impact to his portfolio due to this purchase was 0.01%. His holdings were 12,726 shares as of 03/31/2008.


The Procter & Gamble Company (P&G), together with its subsidiaries, provides branded consumer goods products. The company operates through three global business units (GBU): Beauty, Health and Well-Being, and Household Care. The Procter & Gamble Company has a market cap of $198.96 billion; its shares were traded at around $65.17 with a P/E ratio of 19.24 and P/S ratio of 2.47. The dividend yield of The Procter & Gamble Company stocks is 2.4%.


New Purchase: General Electric Company (GE)


Arnold Van Den Berg initiated holdings in General Electric Company. His purchase prices were between $36.58 and $41.04, with an estimated average price of $39. The impact to his portfolio due to this purchase was 0.58%. His holdings were 421,095 shares as of 03/31/2008.


General Electric Company has a market cap of $308.89 billion; its shares were traded at around $30.99 with a P/E ratio of 14.32 and P/S ratio of 1.83. The dividend yield of General Electric Company stocks is 3.8%.


New Purchase: Staples Inc. (SPLS)


Arnold Van Den Berg initiated holdings in Staples Inc.. His purchase prices were between $20.27 and $24.25, with an estimated average price of $21.8. The impact to his portfolio due to this purchase was 0.02%. His holdings were 19,929 shares as of 03/31/2008.


Staples, Inc., together with its subsidiaries, engages in retailing office products. Its retail products include office supplies and services, business machines, computers and related products, and office furniture. Staples Inc. has a market cap of $16.09 billion; its shares were traded at around $22.95 with a P/E ratio of 16.61 and P/S ratio of 0.85. The dividend yield of Staples Inc. stocks is 1.4%.


New Purchase: W.W. Grainger Inc. (GWW)


Arnold Van Den Berg initiated holdings in W.W. Grainger Inc.. His purchase prices were between $84.52 and $93.12, with an estimated average price of $88.4. The impact to his portfolio due to this purchase was 0.02%. His holdings were 8,120 shares as of 03/31/2008.


W.W. Grainger, Inc. supplies facilities maintenance and other-related products in North America. It operates in three segments: Grainger Branch-based, Acklands Grainger Branch-based (Acklands Grainger), and Lab Safety Supply, Inc. W.W. Grainger Inc. has a market cap of $6.91 billion; its shares were traded at around $90.26 with a P/E ratio of 17.40 and P/S ratio of 1.06. The dividend yield of W.W. Grainger Inc. stocks is 1.8%.


New Purchase: Patterson Companies Inc. (PDCO)


Arnold Van Den Berg initiated holdings in Patterson Companies Inc.. His purchase prices were between $29.91 and $40.05, with an estimated average price of $36.9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 5,610 shares as of 03/31/2008.


Patterson Companies, Inc. operates as a distributor to serve the dental, companion-pet veterinarian, and rehabilitation supply markets. The Dental Supply segment offers consumable dental supplies, such as x-ray film and solutions; Patterson Companies Inc. has a market cap of $4.45 billion; its shares were traded at around $34.39 with a P/E ratio of 21.15 and P/S ratio of 1.53.


Reduced: The CocaCola Company (KO)


Arnold Van Den Berg reduced to his holdings in The CocaCola Company by 27.48%. His sale prices were between $53.62 and $62.75, with an estimated average price of $58.8. The impact to his portfolio due to this sale was 2.89%. Arnold Van Den Berg still held 1,627,385 shares as of 03/31/2008.


The Coca-Cola Company engages in the manufacture, distribution, and marketing of nonalcoholic beverage concentrates and syrups worldwide. It principally offers sparkling and still beverages. The CocaCola Company has a market cap of $131.59 billion; its shares were traded at around $56.65 with a P/E ratio of 21.31 and P/S ratio of 4.40. The dividend yield of The CocaCola Company stocks is 2.7%.


Reduced: Invacare Corp. (IVC)


Arnold Van Den Berg reduced to his holdings in Invacare Corp. by 44.54%. His sale prices were between $22.91 and $27.1, with an estimated average price of $24.7. The impact to his portfolio due to this sale was 0.48%. Arnold Van Den Berg still held 842,806 shares as of 03/31/2008.


Invacare Corporation engages in the design, manufacture, and distribution of medical equipment for the non-acute health care markets, including the home health care, retail, and extended care markets. Invacare Corp. has a market cap of $596.61 million; its shares were traded at around $18.6 with a P/E ratio of 27.27 and P/S ratio of 0.37. The dividend yield of Invacare Corp. stocks is 0.3%.


Reduced: Learning Tree International Inc. (LTRE)


Arnold Van Den Berg reduced to his holdings in Learning Tree International Inc. by 21.29%. His sale prices were between $14.96 and $26.72, with an estimated average price of $20.2. The impact to his portfolio due to this sale was 0.11%. Arnold Van Den Berg still held 256,068 shares as of 03/31/2008.


Learning Tree International, Inc. engages in the development, marketing, and delivery of a library of instructor-led classroom courses for the professional development of managers and information technology professionals worldwide. Learning Tree International Inc. has a market cap of $269.38 million; its shares were traded at around $16.27 with a P/E ratio of 14.33 and P/S ratio of 1.54.


Reduced: Kellwood Company (KWD)


Arnold Van Den Berg reduced to his holdings in Kellwood Company by 96.77%. His sale prices were between $14.86 and $18.15, with an estimated average price of $16.7. The impact to his portfolio due to this sale was 0.02%. Arnold Van Den Berg still held 35,500 shares as of 03/31/2008.


No business summary available for KWD. Get Summary for Another Symbol: Kellwood Company has a market cap of $ million; its shares were traded at around $0 . The dividend yield of Kellwood Company stocks is 3.7%.


Sold Out: Pfizer Inc (PFE)


Arnold Van Den Berg sold out his holdings in Pfizer Inc. His sale prices were between $22.16 and $24.53, with an estimated average price of $23.2. 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 worldwide. Its Pharmaceutical segment offers Lipitor for elevated cholesterol levels in the blood; Pfizer Inc has a market cap of $135.37 billion; its shares were traded at around $20.01 with a P/E ratio of 18.22 and P/S ratio of 2.84. The dividend yield of Pfizer Inc stocks is 6.4%.


Sold Out: LaZBoy Inc. (LZB)


Arnold Van Den Berg sold out his holdings in LaZBoy Inc.. His sale prices were between $5.44 and $10.04, with an estimated average price of $7.4. The impact to his portfolio due to this sale was less than 0.01%.


La-Z-Boy Incorporated manufactures and markets upholstered furniture and casegoods furniture products in the United States and Canada. It operates in three groups: Upholstery Group, Casegoods Group, and Retail Group. LaZBoy Inc. has a market cap of $322.90 million; its shares were traded at around $6.28 with P/S ratio of 0.22. The dividend yield of LaZBoy Inc. stocks is 2.5%.


Sold Out: KimberlyClark Corp. (KMB)


Arnold Van Den Berg sold out his holdings in KimberlyClark Corp.. His sale prices were between $66.03 and $69.7, with an estimated average price of $68.2. The impact to his portfolio due to this sale was less than 0.01%.


Kimberly-Clark Corporation engages in the manufacture and marketing of health and hygiene products worldwide. It operates in four segments: Personal Care, Consumer Tissue, K-C Professional & Other, and Health Care. KimberlyClark Corp. has a market cap of $26.38 billion; its shares were traded at around $63.04 with a P/E ratio of 15.18 and P/S ratio of 1.43. The dividend yield of KimberlyClark Corp. stocks is 3.6%.


Sold Out: Target Corp. (TGT)


Arnold Van Den Berg sold out his holdings in Target Corp.. His sale prices were between $53.6 and $67.05, with an estimated average price of $60.5. The impact to his portfolio due to this sale was less than 0.01%.


Target Corporation operates large-format general merchandise and food discount stores under the brand names of è­Target' and è­SuperTarget' in the United States. Target Corp. has a market cap of $42.99 billion; its shares were traded at around $52.87 with a P/E ratio of 15.85 and P/S ratio of 0.70. The dividend yield of Target Corp. stocks is 1%.


Sold Out: Handleman Company (HDLM.PK)


Arnold Van Den Berg sold out his holdings in Handleman Company. The impact to his portfolio due to this sale was less than 0.01%.


Handleman Company operates as a category manager and distributor of prerecorded music titles to retailers in the United States, the United Kingdom, and Canada. Handleman Company has a market cap of $24.36 million; its shares were traded at around $0 with P/S ratio of 0.02.


Sold Out: Furniture Brands International Inc. (FBN)


Arnold Van Den Berg sold out his holdings in Furniture Brands International Inc.. His sale prices were between $9.91 and $13.28, with an estimated average price of $11.1. The impact to his portfolio due to this sale was less than 0.01%.


Furniture Brands International, Inc. designs, manufactures, sources, and retails home furnishings. It offers case goods, including bedroom, dining room, and living room furniture; stationary upholstery products, such as sofas, loveseats, Furniture Brands International Inc. has a market cap of $674.98 million; its shares were traded at around $13.9 with P/S ratio of 0.36. The dividend yield of Furniture Brands International Inc. stocks is 1.1%.