Prem Watsa buys B C E INC, Leucadia National Corp., Methanex Corp., Berkshire Hathaway Inc., sells Abbott Laboratories, AstraZeneca PLC, Mohawk Industries Inc., The Progressive Corp. during the 3-months ended 03/31/2009, according to the most recent filings of his investment company, Fairfax Financial Holdings, Inc.. Prem Watsa owns 45 stocks with a total value of $4.3 billion. These are the details of the buys and sells.
New Purchases: BCE, BRK-B, LUK, MEOH,
Added Positions: BNI, ICO, USB, VIA-B, WFC,
Reduced Positions: GCI, INTC,
Sold Out: ABT, AZN, MHK, PGR,
For the details of Prem Watsa's stock buys and sells, go to the Link Here
This is the sector weightings of Prem Watsa's portfolio:
These are the top 5 holdings of $GuruName
Prem Watsa added to his holdings in Wells Fargo & Company by 469.79%. His purchase prices were between $8.59 and $24.63, with an estimated average price of $15.6. The impact to his portfolio due to this purchase was 5.43%. His holdings were 20,028,700 shares as of 03/31/2009.
Wells Fargo & Company is a diversified financial services company providing banking insurance investments mortgage and consumer finance services through stores its Internet site and other distribution channels across North America as well as internationally. (Company Press Release) Wells Fargo & Company has a market cap of $105.55 billion; its shares were traded at around $24.87 with a P/E ratio of 30.33 and P/S ratio of 2.03. The dividend yield of Wells Fargo & Company stocks is 0.8%. Wells Fargo & Company had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Wells Fargo & Company the business predictability rank of 4-star.
Added: U.S. Bancorp (USB, Financial)
Prem Watsa added to his holdings in U.S. Bancorp by 179872%. His purchase prices were between $8.79 and $22.28, with an estimated average price of $14.6. The impact to his portfolio due to this purchase was 5.35%. His holdings were 15,837,500 shares as of 03/31/2009.
U.S. Bancorp is a financial services holding company. They operate full-service branch offices and ATMs and provides a comprehensive line of banking brokerage insurance investment mortgage trust and payment services products to consumers businesses and institutions. U.S. Bancorp is the parent company of Firstar Bank and U.S. Bank. U.S. Bancorp has a market cap of $31.07 billion; its shares were traded at around $17.67 with a P/E ratio of 14.25 and P/S ratio of 1.62. The dividend yield of U.S. Bancorp stocks is 1.13%. U.S. Bancorp had an annual average earning growth of 13.4% over the past 10 years. GuruFocus rated U.S. Bancorp the business predictability rank of 3.5-star.
Added: Burlington Northern Santa Fe Corp. (BNI, Financial)
Prem Watsa added to his holdings in Burlington Northern Santa Fe Corp. by 60.12%. His purchase prices were between $53.06 and $74.02, with an estimated average price of $62.4. The impact to his portfolio due to this purchase was 1.09%. His holdings were 2,088,000 shares as of 03/31/2009.
Burlington North/Santa Fe through its subsidiary The Burlington Northern and Santa Fe Railway Company operates one of the largest railroad networks in North America. This vast network covers the western two-thirds of the United States stretching from major Pacific Northwest and Southern California ports to the Midwest Southeast and Southwest and from the Gulf of Mexico to Canada. Burlington Northern Santa Fe Corp. has a market cap of $22.79 billion; its shares were traded at around $67.14 with a P/E ratio of 11.44 and P/S ratio of 1.26. The dividend yield of Burlington Northern Santa Fe Corp. stocks is 2.38%. Burlington Northern Santa Fe Corp. had an annual average earning growth of 8.1% over the past 10 years. GuruFocus rated Burlington Northern Santa Fe Corp. the business predictability rank of 2.5-star.
Added: International Coal Group Inc. (ICO, Financial)
Prem Watsa added to his holdings in International Coal Group Inc. by 21.23%. His purchase prices were between $1.24 and $2.8, with an estimated average price of $2. The impact to his portfolio due to this purchase was 0.24%. His holdings were 36,539,400 shares as of 03/31/2009.
ICG is a leading producer of coal in Northern and Central Appalachia and the Illinois Basin. The company has eleven active mining complexes of which ten are located in Northern and Central Appalachia and one in Central Illinois. ICG's mining operations and reserves are strategically located to serve utility metallurgical and industrial customers throughout the Eastern United States. International Coal Group Inc. has a market cap of $410.94 million; its shares were traded at around $2.68 with a P/E ratio of 44.67 and P/S ratio of 0.37.
Added: Viacom Inc. (VIA-B)
Prem Watsa added to his holdings in Viacom Inc. by 300%. His purchase prices were between $13.92 and $18.48, with an estimated average price of $16. The impact to his portfolio due to this purchase was 0.12%. His holdings were 400,000 shares as of 03/31/2009.
Viacom is a leading global entertainment content company whose family of prominent and respected brands includes the multiplatform properties of MTV Networks BET Networks Paramount Pictures Paramount Home Entertainment and DreamWorks. MTV Networks a unit of Viacom is one of the world's leading creators of programming and content across all media platforms. MTV Networks connects with its audiences through its robust consumer products businesses and its more than three hundred interactive properties worldwide including online broadband wireless and interactive television services and also has licensing agreements joint ventures and syndication deals whereby all of its programming services can be seen worldwide. Viacom Inc. has a market cap of $11.14 billion; its shares were traded at around $20.29 with a P/E ratio of 8.49 and P/S ratio of 0.76.
New Purchase: B C E INC (BCE, Financial)
Prem Watsa initiated holdings in B C E INC. His purchase prices were between $18.46 and $20.82, with an estimated average price of $19.8. The impact to his portfolio due to this purchase was 1.46%. His holdings were 3,180,000 shares as of 03/31/2009.
BCE Inc. is Canada's largest communications company. Through their operations in communications services they provide residence and business customers in Canada with wireline and wireless communications products and applications satellite communications and direct-to-home television services systems integration expertise electronic commerce solutions Internet access and high-speed data services and directories. Their shares are listed in Canada the United States and Europe. (press release) B C E INC has a market cap of $16.1 billion; its shares were traded at around $20.34 with a P/E ratio of 9.04 and P/S ratio of 1.08. The dividend yield of B C E INC stocks is 7.57%. B C E INC had an annual average earning growth of 9.4% over the past 10 years.
New Purchase: Leucadia National Corp. (LUK, Financial)
Prem Watsa initiated holdings in Leucadia National Corp.. His purchase prices were between $10.85 and $20.31, with an estimated average price of $15.5. The impact to his portfolio due to this purchase was 0.34%. His holdings were 1,000,000 shares as of 03/31/2009.
LEUCADIA NATL is a diversified financial services holding companyprincipally engaged in personal and commercial lines of property and casualty insurance life insurance banking and lending and manufacturing. The Company concentrates on return on investment and cash flow to build long-term shareholder value rather than emphasizing volume or market share. Additionally the Company continuously evaluates the retention and disposition of its existing operations and investigates possible acquisitions of new businesses in order to maximize shareholder value. Leucadia National Corp. has a market cap of $4.73 billion; its shares were traded at around $19.84 with and P/S ratio of 4.38.
New Purchase: Methanex Corp. (MEOH, Financial)
Prem Watsa initiated holdings in Methanex Corp.. His purchase prices were between $5.81 and $10.05, with an estimated average price of $7.5. The impact to his portfolio due to this purchase was 0.05%. His holdings were 300,000 shares as of 03/31/2009.
Methanex Corp. is a Vancouver based company engaged in the worldwide production and marketing of methanol. Methanol made from natural gas is a basic chemical building block used to manufacture products such as formaldehyde MTBE acetic acid and others. The Company operates production facilities in Canada the United States New Zealand and Chile. The Company also markets additional methanol from plants in the US Trinidad and Europe. Methanex Corp. has a market cap of $1.06 billion; its shares were traded at around $11.48 with a P/E ratio of 12.34 and P/S ratio of 0.46. The dividend yield of Methanex Corp. stocks is 5.4%. Methanex Corp. had an annual average earning growth of 23.9% over the past 5 years.
New Purchase: Berkshire Hathaway Inc. (BRK-B)
Prem Watsa initiated holdings in Berkshire Hathaway Inc.. His purchase prices were between $2327 and $3141, with an estimated average price of $2788.9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 120 shares as of 03/31/2009.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. The most important of these is the property and casualty insurance business conducted nationwide on a direct basis and worldwide on a reinsurance basis through a number of subsidiaries collectively referred to as the Berkshire Hathaway Insurance Group. Berkshire Hathaway Inc. has a market cap of $39.88 billion; its shares were traded at around $2899.8 with and P/S ratio of 0.37. Berkshire Hathaway Inc. had an annual average earning growth of 1.7% over the past 10 years.
Reduced: Gannett Co. Inc. (GCI, Financial)
Prem Watsa reduced to his holdings in Gannett Co. Inc. by 81.33%. His sale prices were between $2.14 and $8.44, with an estimated average price of $4.4. The impact to his portfolio due to this sale was -0.07%. Prem Watsa still held 1,520,659 shares as of 03/31/2009.
Gannett Co. Inc. is an international news and information company that publishes daily newspapers in the USA including USA TODAY the nation'slargest-selling daily newspaper. The company also owns in excess of 400 non-daily publications in the USA and USA WEEKEND a weekly newspaper magazine. Gannett subsidiary Newsquest is the United Kingdom's second largest regional newspaper company. Newsquest publishes more than 300 titles including 15 daily newspapers and a network of prize-winning Web sites. Gannett also operates 22 television stations in the United States. Gannett Co. Inc. has a market cap of $1.01 billion; its shares were traded at around $4.36 with a P/E ratio of 1.51 and P/S ratio of 0.15. The dividend yield of Gannett Co. Inc. stocks is 3.67%. Gannett Co. Inc. had an annual average earning growth of 4.9% over the past 10 years. GuruFocus rated Gannett Co. Inc. the business predictability rank of 4-star.
Reduced: Intel Corp. (INTC)
Prem Watsa reduced to his holdings in Intel Corp. by 56.42%. His sale prices were between $12.31 and $15.29, with an estimated average price of $13.6. The impact to his portfolio due to this sale was -1.37%. Prem Watsa still held 6,973,000 shares as of 03/31/2009.
Intel Corporation one of the world's largest semiconductor chip maker supplies the computing and communications industries with chips boards and systems building blocks that are integral to computers servers and networking and communications products. Its products are offered at various levels of integration and are used by industry members to create advanced computing and communications systems. Intel Corp. has a market cap of $84.49 billion; its shares were traded at around $15.19 with a P/E ratio of 18.52 and P/S ratio of 2.25. The dividend yield of Intel Corp. stocks is 3.69%. Intel Corp. had an annual average earning growth of 0.4% over the past 10 years.
Sold Out: Mohawk Industries Inc. (MHK)
Prem Watsa sold out his holdings in Mohawk Industries Inc.. His sale prices were between $18.24 and $40.59, with an estimated average price of $30.1. The impact to his portfolio due to this sale was less than 0.01%.
Mohawk Industries Inc. is one of the leading producers of woven and tufted broadloom carpet and rugs for principally residential applications.The company designs manufactures and markets carpet and rugs in a broad range of colors textures and patterns. The company is widely recognized through its premier brand names some of which are Mohawk Aladdin American Rug Craftsmen American Weavers Bigelow and Custom Weave. Mohawk Industries Inc. has a market cap of $2.72 billion; its shares were traded at around $39.77 with a P/E ratio of 36.49 and P/S ratio of 0.4. Mohawk Industries Inc. had an annual average earning growth of 13.5% over the past 10 years. GuruFocus rated Mohawk Industries Inc. the business predictability rank of 4.5-star.
Sold Out: The Progressive Corp. (PGR)
Prem Watsa sold out his holdings in The Progressive Corp.. His sale prices were between $10.32 and $14.57, with an estimated average price of $12.6. The impact to his portfolio due to this sale was less than 0.01%.
Progressive Corp. is an auto insurance company and a writer of auto insurance through independent agents. Progressive is committed to providing independent agents with a financially strong company that offers competitive products designed specifically for the agency business; a strong national brand that drives consumers to independent agent's offices; 24-hour in-person services for them and their customers; and continued innovations in technology. (Company Press Release) The Progressive Corp. has a market cap of $10.83 billion; its shares were traded at around $16 with a P/E ratio of 12.5 and P/S ratio of 0.79. The Progressive Corp. had an annual average earning growth of 23.9% over the past 10 years.
Sold Out: AstraZeneca PLC (AZN)
Prem Watsa sold out his holdings in AstraZeneca PLC. His sale prices were between $30.65 and $39.94, with an estimated average price of $35.4. The impact to his portfolio due to this sale was less than 0.01%.
AstraZeneca PLC is one of the top five pharmaceutical companies in the world based on sales and is a therapeutic leader in cardiovascular gastrointestinal oncology anesthesia including pain management central nervous system (CNS) and respiratory products. They are engaged in the research development manufacture and marketing of ethical (prescription) pharmaceuticals and agricultural products and the supply of healthcare services. AstraZeneca PLC has a market cap of $56.98 billion; its shares were traded at around $38.66 with a P/E ratio of 8.19 and P/S ratio of 1.8. The dividend yield of AstraZeneca PLC stocks is 5.3%. AstraZeneca PLC had an annual average earning growth of 12.2% over the past 10 years. GuruFocus rated AstraZeneca PLC the business predictability rank of 2-star.
Sold Out: Abbott Laboratories (ABT)
Prem Watsa sold out his holdings in Abbott Laboratories. His sale prices were between $46.18 and $56.63, with an estimated average price of $50.4. The impact to his portfolio due to this sale was less than 0.01%.
Abbott Laboratories is a global broad-based health care company devoted to discovering new medicines new technologies and new ways to manage health. Abbott products span the continuum of care from nutritional products and laboratory diagnostics through medical devices and pharmaceutical therapies. Abbott comprehensive line of products encircles life itself addressing important health needs from infancy to the golden years. Abbott Laboratories has a market cap of $66.95 billion; its shares were traded at around $43.32 with a P/E ratio of 12.67 and P/S ratio of 2.27. The dividend yield of Abbott Laboratories stocks is 3.69%. Abbott Laboratories had an annual average earning growth of 4.4% over the past 10 years. GuruFocus rated Abbott Laboratories the business predictability rank of 5-star.
New Purchases: BCE, BRK-B, LUK, MEOH,
Added Positions: BNI, ICO, USB, VIA-B, WFC,
Reduced Positions: GCI, INTC,
Sold Out: ABT, AZN, MHK, PGR,
For the details of Prem Watsa's stock buys and sells, go to the Link Here
This is the sector weightings of Prem Watsa's portfolio:
| Technology |  7.6% |
|---|---|
| Financials | 50.2% |
| Telecommunications | 7% |
| Consumer Services | 1.6% |
| Health Care | 14.9% |
| Consumer Goods | 8.8% |
| Industrials | 6.7% |
| Basic Materials | 2.9% |
| Oil & Gas | 0.1% |
These are the top 5 holdings of $GuruName
- Odyssey Re Holdings Corp. (ORH) - 42,399,400 shares, 37.18% of the total portfolio
- Johnson & Johnson (JNJ) - 6,884,300 shares, 8.37% of the total portfolio
- Wells Fargo & Company (WFC) - 20,028,700 shares, 6.59% of the total portfolio
- U.S. Bancorp (USB) - 15,837,500 shares, 5.35% of the total portfolio
- Dell Inc. (DELL) - 23,860,300 shares, 5.21% of the total portfolio
Prem Watsa added to his holdings in Wells Fargo & Company by 469.79%. His purchase prices were between $8.59 and $24.63, with an estimated average price of $15.6. The impact to his portfolio due to this purchase was 5.43%. His holdings were 20,028,700 shares as of 03/31/2009.
Wells Fargo & Company is a diversified financial services company providing banking insurance investments mortgage and consumer finance services through stores its Internet site and other distribution channels across North America as well as internationally. (Company Press Release) Wells Fargo & Company has a market cap of $105.55 billion; its shares were traded at around $24.87 with a P/E ratio of 30.33 and P/S ratio of 2.03. The dividend yield of Wells Fargo & Company stocks is 0.8%. Wells Fargo & Company had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Wells Fargo & Company the business predictability rank of 4-star.
Added: U.S. Bancorp (USB, Financial)
Prem Watsa added to his holdings in U.S. Bancorp by 179872%. His purchase prices were between $8.79 and $22.28, with an estimated average price of $14.6. The impact to his portfolio due to this purchase was 5.35%. His holdings were 15,837,500 shares as of 03/31/2009.
U.S. Bancorp is a financial services holding company. They operate full-service branch offices and ATMs and provides a comprehensive line of banking brokerage insurance investment mortgage trust and payment services products to consumers businesses and institutions. U.S. Bancorp is the parent company of Firstar Bank and U.S. Bank. U.S. Bancorp has a market cap of $31.07 billion; its shares were traded at around $17.67 with a P/E ratio of 14.25 and P/S ratio of 1.62. The dividend yield of U.S. Bancorp stocks is 1.13%. U.S. Bancorp had an annual average earning growth of 13.4% over the past 10 years. GuruFocus rated U.S. Bancorp the business predictability rank of 3.5-star.
Added: Burlington Northern Santa Fe Corp. (BNI, Financial)
Prem Watsa added to his holdings in Burlington Northern Santa Fe Corp. by 60.12%. His purchase prices were between $53.06 and $74.02, with an estimated average price of $62.4. The impact to his portfolio due to this purchase was 1.09%. His holdings were 2,088,000 shares as of 03/31/2009.
Burlington North/Santa Fe through its subsidiary The Burlington Northern and Santa Fe Railway Company operates one of the largest railroad networks in North America. This vast network covers the western two-thirds of the United States stretching from major Pacific Northwest and Southern California ports to the Midwest Southeast and Southwest and from the Gulf of Mexico to Canada. Burlington Northern Santa Fe Corp. has a market cap of $22.79 billion; its shares were traded at around $67.14 with a P/E ratio of 11.44 and P/S ratio of 1.26. The dividend yield of Burlington Northern Santa Fe Corp. stocks is 2.38%. Burlington Northern Santa Fe Corp. had an annual average earning growth of 8.1% over the past 10 years. GuruFocus rated Burlington Northern Santa Fe Corp. the business predictability rank of 2.5-star.
Added: International Coal Group Inc. (ICO, Financial)
Prem Watsa added to his holdings in International Coal Group Inc. by 21.23%. His purchase prices were between $1.24 and $2.8, with an estimated average price of $2. The impact to his portfolio due to this purchase was 0.24%. His holdings were 36,539,400 shares as of 03/31/2009.
ICG is a leading producer of coal in Northern and Central Appalachia and the Illinois Basin. The company has eleven active mining complexes of which ten are located in Northern and Central Appalachia and one in Central Illinois. ICG's mining operations and reserves are strategically located to serve utility metallurgical and industrial customers throughout the Eastern United States. International Coal Group Inc. has a market cap of $410.94 million; its shares were traded at around $2.68 with a P/E ratio of 44.67 and P/S ratio of 0.37.
Added: Viacom Inc. (VIA-B)
Prem Watsa added to his holdings in Viacom Inc. by 300%. His purchase prices were between $13.92 and $18.48, with an estimated average price of $16. The impact to his portfolio due to this purchase was 0.12%. His holdings were 400,000 shares as of 03/31/2009.
Viacom is a leading global entertainment content company whose family of prominent and respected brands includes the multiplatform properties of MTV Networks BET Networks Paramount Pictures Paramount Home Entertainment and DreamWorks. MTV Networks a unit of Viacom is one of the world's leading creators of programming and content across all media platforms. MTV Networks connects with its audiences through its robust consumer products businesses and its more than three hundred interactive properties worldwide including online broadband wireless and interactive television services and also has licensing agreements joint ventures and syndication deals whereby all of its programming services can be seen worldwide. Viacom Inc. has a market cap of $11.14 billion; its shares were traded at around $20.29 with a P/E ratio of 8.49 and P/S ratio of 0.76.
New Purchase: B C E INC (BCE, Financial)
Prem Watsa initiated holdings in B C E INC. His purchase prices were between $18.46 and $20.82, with an estimated average price of $19.8. The impact to his portfolio due to this purchase was 1.46%. His holdings were 3,180,000 shares as of 03/31/2009.
BCE Inc. is Canada's largest communications company. Through their operations in communications services they provide residence and business customers in Canada with wireline and wireless communications products and applications satellite communications and direct-to-home television services systems integration expertise electronic commerce solutions Internet access and high-speed data services and directories. Their shares are listed in Canada the United States and Europe. (press release) B C E INC has a market cap of $16.1 billion; its shares were traded at around $20.34 with a P/E ratio of 9.04 and P/S ratio of 1.08. The dividend yield of B C E INC stocks is 7.57%. B C E INC had an annual average earning growth of 9.4% over the past 10 years.
New Purchase: Leucadia National Corp. (LUK, Financial)
Prem Watsa initiated holdings in Leucadia National Corp.. His purchase prices were between $10.85 and $20.31, with an estimated average price of $15.5. The impact to his portfolio due to this purchase was 0.34%. His holdings were 1,000,000 shares as of 03/31/2009.
LEUCADIA NATL is a diversified financial services holding companyprincipally engaged in personal and commercial lines of property and casualty insurance life insurance banking and lending and manufacturing. The Company concentrates on return on investment and cash flow to build long-term shareholder value rather than emphasizing volume or market share. Additionally the Company continuously evaluates the retention and disposition of its existing operations and investigates possible acquisitions of new businesses in order to maximize shareholder value. Leucadia National Corp. has a market cap of $4.73 billion; its shares were traded at around $19.84 with and P/S ratio of 4.38.
New Purchase: Methanex Corp. (MEOH, Financial)
Prem Watsa initiated holdings in Methanex Corp.. His purchase prices were between $5.81 and $10.05, with an estimated average price of $7.5. The impact to his portfolio due to this purchase was 0.05%. His holdings were 300,000 shares as of 03/31/2009.
Methanex Corp. is a Vancouver based company engaged in the worldwide production and marketing of methanol. Methanol made from natural gas is a basic chemical building block used to manufacture products such as formaldehyde MTBE acetic acid and others. The Company operates production facilities in Canada the United States New Zealand and Chile. The Company also markets additional methanol from plants in the US Trinidad and Europe. Methanex Corp. has a market cap of $1.06 billion; its shares were traded at around $11.48 with a P/E ratio of 12.34 and P/S ratio of 0.46. The dividend yield of Methanex Corp. stocks is 5.4%. Methanex Corp. had an annual average earning growth of 23.9% over the past 5 years.
New Purchase: Berkshire Hathaway Inc. (BRK-B)
Prem Watsa initiated holdings in Berkshire Hathaway Inc.. His purchase prices were between $2327 and $3141, with an estimated average price of $2788.9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 120 shares as of 03/31/2009.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. The most important of these is the property and casualty insurance business conducted nationwide on a direct basis and worldwide on a reinsurance basis through a number of subsidiaries collectively referred to as the Berkshire Hathaway Insurance Group. Berkshire Hathaway Inc. has a market cap of $39.88 billion; its shares were traded at around $2899.8 with and P/S ratio of 0.37. Berkshire Hathaway Inc. had an annual average earning growth of 1.7% over the past 10 years.
Reduced: Gannett Co. Inc. (GCI, Financial)
Prem Watsa reduced to his holdings in Gannett Co. Inc. by 81.33%. His sale prices were between $2.14 and $8.44, with an estimated average price of $4.4. The impact to his portfolio due to this sale was -0.07%. Prem Watsa still held 1,520,659 shares as of 03/31/2009.
Gannett Co. Inc. is an international news and information company that publishes daily newspapers in the USA including USA TODAY the nation'slargest-selling daily newspaper. The company also owns in excess of 400 non-daily publications in the USA and USA WEEKEND a weekly newspaper magazine. Gannett subsidiary Newsquest is the United Kingdom's second largest regional newspaper company. Newsquest publishes more than 300 titles including 15 daily newspapers and a network of prize-winning Web sites. Gannett also operates 22 television stations in the United States. Gannett Co. Inc. has a market cap of $1.01 billion; its shares were traded at around $4.36 with a P/E ratio of 1.51 and P/S ratio of 0.15. The dividend yield of Gannett Co. Inc. stocks is 3.67%. Gannett Co. Inc. had an annual average earning growth of 4.9% over the past 10 years. GuruFocus rated Gannett Co. Inc. the business predictability rank of 4-star.
Reduced: Intel Corp. (INTC)
Prem Watsa reduced to his holdings in Intel Corp. by 56.42%. His sale prices were between $12.31 and $15.29, with an estimated average price of $13.6. The impact to his portfolio due to this sale was -1.37%. Prem Watsa still held 6,973,000 shares as of 03/31/2009.
Intel Corporation one of the world's largest semiconductor chip maker supplies the computing and communications industries with chips boards and systems building blocks that are integral to computers servers and networking and communications products. Its products are offered at various levels of integration and are used by industry members to create advanced computing and communications systems. Intel Corp. has a market cap of $84.49 billion; its shares were traded at around $15.19 with a P/E ratio of 18.52 and P/S ratio of 2.25. The dividend yield of Intel Corp. stocks is 3.69%. Intel Corp. had an annual average earning growth of 0.4% over the past 10 years.
Sold Out: Mohawk Industries Inc. (MHK)
Prem Watsa sold out his holdings in Mohawk Industries Inc.. His sale prices were between $18.24 and $40.59, with an estimated average price of $30.1. The impact to his portfolio due to this sale was less than 0.01%.
Mohawk Industries Inc. is one of the leading producers of woven and tufted broadloom carpet and rugs for principally residential applications.The company designs manufactures and markets carpet and rugs in a broad range of colors textures and patterns. The company is widely recognized through its premier brand names some of which are Mohawk Aladdin American Rug Craftsmen American Weavers Bigelow and Custom Weave. Mohawk Industries Inc. has a market cap of $2.72 billion; its shares were traded at around $39.77 with a P/E ratio of 36.49 and P/S ratio of 0.4. Mohawk Industries Inc. had an annual average earning growth of 13.5% over the past 10 years. GuruFocus rated Mohawk Industries Inc. the business predictability rank of 4.5-star.
Sold Out: The Progressive Corp. (PGR)
Prem Watsa sold out his holdings in The Progressive Corp.. His sale prices were between $10.32 and $14.57, with an estimated average price of $12.6. The impact to his portfolio due to this sale was less than 0.01%.
Progressive Corp. is an auto insurance company and a writer of auto insurance through independent agents. Progressive is committed to providing independent agents with a financially strong company that offers competitive products designed specifically for the agency business; a strong national brand that drives consumers to independent agent's offices; 24-hour in-person services for them and their customers; and continued innovations in technology. (Company Press Release) The Progressive Corp. has a market cap of $10.83 billion; its shares were traded at around $16 with a P/E ratio of 12.5 and P/S ratio of 0.79. The Progressive Corp. had an annual average earning growth of 23.9% over the past 10 years.
Sold Out: AstraZeneca PLC (AZN)
Prem Watsa sold out his holdings in AstraZeneca PLC. His sale prices were between $30.65 and $39.94, with an estimated average price of $35.4. The impact to his portfolio due to this sale was less than 0.01%.
AstraZeneca PLC is one of the top five pharmaceutical companies in the world based on sales and is a therapeutic leader in cardiovascular gastrointestinal oncology anesthesia including pain management central nervous system (CNS) and respiratory products. They are engaged in the research development manufacture and marketing of ethical (prescription) pharmaceuticals and agricultural products and the supply of healthcare services. AstraZeneca PLC has a market cap of $56.98 billion; its shares were traded at around $38.66 with a P/E ratio of 8.19 and P/S ratio of 1.8. The dividend yield of AstraZeneca PLC stocks is 5.3%. AstraZeneca PLC had an annual average earning growth of 12.2% over the past 10 years. GuruFocus rated AstraZeneca PLC the business predictability rank of 2-star.
Sold Out: Abbott Laboratories (ABT)
Prem Watsa sold out his holdings in Abbott Laboratories. His sale prices were between $46.18 and $56.63, with an estimated average price of $50.4. The impact to his portfolio due to this sale was less than 0.01%.
Abbott Laboratories is a global broad-based health care company devoted to discovering new medicines new technologies and new ways to manage health. Abbott products span the continuum of care from nutritional products and laboratory diagnostics through medical devices and pharmaceutical therapies. Abbott comprehensive line of products encircles life itself addressing important health needs from infancy to the golden years. Abbott Laboratories has a market cap of $66.95 billion; its shares were traded at around $43.32 with a P/E ratio of 12.67 and P/S ratio of 2.27. The dividend yield of Abbott Laboratories stocks is 3.69%. Abbott Laboratories had an annual average earning growth of 4.4% over the past 10 years. GuruFocus rated Abbott Laboratories the business predictability rank of 5-star.
