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Edward Lampert Buys Genworth Financial Inc., HSN Inc., Adds to AutoZone Inc., and AutoNation Inc.

February 19, 2009 | About:
GuruFocus

Eddie Lampert was a hero when he acquired Sears and made a killing from the K-Mart debt investment. Not any more, at least to a lot of his followers. Still, Eddie is a remarkable investor. These are what he bought during the 4 th quarter.

Edward Lampert buys Genworth Financial Inc., HSN Inc. during the 3-months ended 12/31/2008, according to the most recent filings of his investment company, ESL Investments. Edward Lampert owns 16 stocks with a total value of $7.8 billion. These are the details of the buys and sells.

New Purchases: GNW, HSNI,

Added Positions: AN, AZO, CIT, HIG,

For the details of Edward Lampert's stock buys and sells, go to the Link Here

Added: AutoZone Inc. (AZO)

Edward Lampert added to his holdings in AutoZone Inc. by 2.12%. His purchase prices were between $92.41 and $132.23, with an estimated average price of $114.8. The impact to his portfolio due to this purchase was 0.87%. His holdings were 23,370,297 shares as of 12/31/2008.

Autozone is the nation's leading specialty retailer of automotive parts and accessories primarily focusing on do-it-yourself customers. Each of the company's auto parts store carries an extensive product line for cars vans and light trucks including new and re-manufactured automotive hard parts maintenance items and accessories. Many of the company's domestic auto parts stores also has a commercial sales program which provides commercial credit and prompt delivery of parts and other products to local repair garages dealers and service stations. AutoZone Inc. has a market cap of $8.28 billion; its shares were traded at around $133.11 with a P/E ratio of 13.6 and P/S ratio of 1.27. AutoZone Inc. had an annual average earning growth of 23.1% over the past 10 years. GuruFocus rated AutoZone Inc. the business predictability rank of 3-star.

Added: CIT Group Inc. (CIT)

Edward Lampert added to his holdings in CIT Group Inc. by 111.94%. His purchase prices were between $1.82 and $5.06, with an estimated average price of $4. The impact to his portfolio due to this purchase was 0.48%. His holdings were 15,406,937 shares as of 12/31/2008.

CIT Group Inc. is a leading commercial and consumer finance company provides clients with financing and leasing products and advisory services. CIT Group Inc. has a market cap of $922.83 million; its shares were traded at around $2.17 with and P/S ratio of 0.15. The dividend yield of CIT Group Inc. stocks is 12.5%. CIT Group Inc. had an annual average earning growth of 27.2% over the past 5 years.

Added: AutoNation Inc. (AN)

Edward Lampert added to his holdings in AutoNation Inc. by 1.96%. His purchase prices were between $4.43 and $9.65, with an estimated average price of $7.6. The impact to his portfolio due to this purchase was 0.19%. His holdings were 79,285,250 shares as of 12/31/2008.

AutoNation Inc. is the one of the largest automotive retailers in the United States. The company owns and operates new vehicle franchises from dealership locations in major metropolitan markets in numerous states predominantly in the Sunbelt states. Its business consists primarily of the sale financing and servicing of new and used vehicles. The company also provides other related services and products such as the sale of parts and accessories extended service contracts aftermarket automotive products and collision repair services. AutoNation Inc. has a market cap of $2.01 billion; its shares were traded at around $10.2 with a P/E ratio of 10.7 and P/S ratio of 0.14. AutoNation Inc. had an annual average earning growth of 17.6% over the past 10 years. GuruFocus rated AutoNation Inc. the business predictability rank of 3.5-star.

Added: The Hartford Financial Services Group In (HIG)

Edward Lampert added to his holdings in The Hartford Financial Services Group In by 36.36%. His purchase prices were between $4.72 and $27.39, with an estimated average price of $15. The impact to his portfolio due to this purchase was 0.04%. His holdings were 750,000 shares as of 12/31/2008.

Hartford Financial Services is one of the nation's largest investment and insurance companies offers a complete line of insurance and financial service products to customers all over the world. The company is a provider of automobile and homeowners coverages; commercial property and casualty insurance; reinsurance; and a variety of life insurance investment products employee benefits group retirement plans and institutional liability funding products. The Hartford Financial Services Group In has a market cap of $3.81 billion; its shares were traded at around $10.24 with a P/E ratio of 4 and P/S ratio of 0.15. The dividend yield of The Hartford Financial Services Group In stocks is 10.09%. The Hartford Financial Services Group In had an annual average earning growth of 7.2% over the past 10 years.

New Purchase: Genworth Financial Inc. (GNW)

Edward Lampert initiated holdings in Genworth Financial Inc.. His purchase prices were between $0.9 and $5.4, with an estimated average price of $3. The impact to his portfolio due to this purchase was 0.42%. His holdings were 11,524,359 shares as of 12/31/2008.

Genworth Financial is a leading insurance company in the U.S. with an expanding international presence serving the life and lifestyle protection retirement income investment and mortgage insurance needs of their customers. They distribute their products and services through an extensive and diversified distribution network that includes financial intermediaries independent producers and dedicated sales specialists. Genworth Financial Inc. has a market cap of $1 billion; its shares were traded at around $1.94 with a P/E ratio of 0.9 and P/S ratio of 0.09.

New Purchase: HSN Inc. (HSNI)

Edward Lampert initiated holdings in HSN Inc.. His purchase prices were between $1.82 and $9.28, with an estimated average price of $4.9. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 21,187 shares as of 12/31/2008.

HSNi owns and operates through its subsidiaries HSN a retailer and interactive lifestyle network offering a broad assortment of products through television home shopping programming on the HSN television network and HSN.com. HSN strives to transform the shopping experience by incorporating experts entertainment inspiration solutions tips and ideas in connection with the sale of products through the HSN television network and HSN.com. HSNi also owns and operates through its subsidiaries the Cornerstone Brands portfolio of catalogs and related websites including Frontgate Ballard Designs Garnet Hill Smith+Noble The Territory Ahead TravelSmith and Improvements as well as a limited number of retail stores. HSN Inc. has a market cap of $295.12 million; its shares were traded at around $4.04.


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