Prem Watsa Buys 8 Diverse New Holdings in Second Quarter

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Aug 14, 2015
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Frequently dubbed “the Canadian Warren Buffett (Trades, Portfolio),” Prem Watsa (Trades, Portfolio), founder and CEO of Fairfax Financial Holdings (TSX:FFH, Financial), reported eight new stock purchases from a variety of industries for the second quarter.

Overall he held 49 stocks in a portfolio valued at $1.4 billion at second quarter end. His uppermost sector represented was Technology at 44.3%, followed by Basic Materials at 24.1% and Real Estate at 16.1%.

Watsa’s second-quarter new buys were: Polypore International Inc. (PPO, Financial), Lumenis Ltd. (LMNS, Financial), Catamaran Corp. (CTRX, Financial), Wendy’s Co. (WEN, Financial), OmniVision Technologies Inc. (OVTI, Financial), Biglari Holdings Inc. (BH), Advent Software (ADVS, Financial) and Geeknet Inc. (GKNT, Financial).

Polypore International Inc. (PPO, Financial)

Watsa purchased 34,000 shares of Polypore International, a 0.15% portfolio weight. The shares cost $59 each on average in the second quarter.

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Polypore International Inc. is a Delaware corporation is a high technology filtration company that develops, manufactures and markets specialized microporous membranes used in separation and filtration processes. Polypore International Inc. has a market cap of $2.7 billion; its shares were traded at around $60.00 with a P/E ratio of 68.09 and P/S ratio of 4.28.

Lumenis Ltd. (LMNS, Financial)

Watsa purchased 75,000 shares of Lumenis Ltd., a 0.08% portfolio weight. The shares cost $12 each on average for the second quarter.

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Lumenis Ltd. is a public limited company incorporated in Israel on Dec. 21, 1991, initially under the name Energy Systems Corporation Ltd. Lumenis Ltd. has a market cap of $499.39 million; its shares were traded at around $13.88 with a P/E ratio of 28.34 and P/S ratio of 1.73. Lumenis Ltd. had an annual average earnings growth of 107.80% over the past five years.

Catamaran Corp. (CTRX, Financial)

Watsa purchased 16,500 shares of Catamaran Corp., a 0.07% portfolio weight. The shares cost $60 each on average in the second quarter.

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Catamaran Corp. is a provider of pharmacy benefit management services PBM and healthcare IT solutions to the healthcare benefit management industry. Catamaran Corp. has a market cap of $12.79 billion; its shares were traded at around $61.47 with a P/E ratio of 42.6 and P/S ratio of 0.64. Catamaran Corp. had an annual average earnings growth of 41.90% over the past 10 years. GuruFocus rated Catamaran Corp. the business predictability rank of 5-star.

Wendy’s Co. (WEN, Financial)

Watsa purchased 53,200 shares of Wendy’s Co., a 0.04% portfolio weight. The shares cost $11 each on average in the second quarter.

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Wendy's Co. was incorporated in Ohio in 1929 as Triarc. Wendy's Co. has a market cap of $2.89 billion; its shares were traded at around $9.97 with a P/E ratio of 32.87 and P/S ratio of 1.87. The dividend yield of Wendy's Co stocks is 2.15%. Wendy's Co. had an annual average earnings growth of 4.80% over the past five years.

OmniVision Technologies Inc. (OVTI, Financial)

Watsa purchased 19,000 shares of OmniVision Technologies, a 0.04% portfolio weight. The shares cost $27 each on average in the second quarter.

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OmniVision Technologies Inc. is a Delaware corporation, incorporated in May 1995 in California, and reincorporated in Delaware in March 2000. Omnivision Technologies Inc. has a market cap of $1.46 billion; its shares were traded at around $24.95 with a P/E ratio of 15.8 and P/S ratio of 1.07. Omnivision Technologies Inc. had an annual average earnings growth of 16.10% over the past five years.

Biglari Holdings Inc. (BH)

Watsa purchased 1,200 shares of Biglari Holdings Inc., a 0.04% portfolio weight. The shares cost $390 each on average in the second quarter.

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Biglari Holdings Inc. is an Indiana Corporation. It is a diversified holding company engaged in a number of diverse business activities. Biglari Holdings Inc. has a market cap of $874.840 million; its shares were traded around $423.52 with a P/E ratio of 44.87 and P/S ratio of 4.21. Biglari Holdings Inc. had an annual average earnings growth of 5.9% over the past 10 years.

Advent Software (ADVS, Financial)

Watsa purchased 11,200 shares of Advent Software, a 0.04% portfolio weight. The shares cost $44 each on average in the second quarter.

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Advent Software Inc. was founded and incorporated in 1983 in California and reincorporated in Delaware in November 1995. Advent Software Inc. has a market cap of $2.33 billion; its shares were traded at around $44.24 with a P/E ratio of 53.7 and P/S ratio of 5.94. The dividend yield of Advent Software Inc stocks is 0.88%. Advent Software Inc. had an annual average earnings growth of 32.60% over the past 10 years. GuruFocus rated Advent Software Inc the business predictability rank of 3-star.

Geeknet Inc. (GKNT, Financial)

Watsa purchased 22,100 shares of Geeknet Inc., a 0.03% portfolio weight. The shares cost $13 each on average in the second quarter.

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Geeknet Inc. was incorporated in California in January 1995 and reincorporated in Delaware in December 1999. Geeknet Inc. has a market cap of $134.460 million; its shares were traded around $19.98 with and P/S ratio of 0.98.

For more Prem Watsa (Trades, Portfolio) stocks, go to his portfolio here. Not a Premium Member of GuruFocus? Try it free for 7 days here.