GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Michael Price Buys American Standard Companies In, Altria Group Inc., Bristol-myers Squibb Co., Sells Healthsouth Cp, Centennial Bank Holdings, Inc., Lydall Inc.

Billionaire investor Michael Price is known for taking stakes in bankrupt companies and complex turnaround situations. These are his buys and sells during the first quarter of 2007. Michael Price owns 76 stocks with a total value of $639 million.

Michael Price buys American Standard Companies In, Altria Group Inc., Bristol-myers Squibb Co., Armstrong World Indu, Goodrich Corp., Bancorp Rhode Island Inc., Unitrin Inc., Time Warner Cable, Republic First Bancorp Inc., Keyspan Corp., sells Conseco, Inc. 5.50% Mandatorily Convertible Prefer, Healthsouth Cp, Lydall Inc., Lynch Interactive Cp, Sun-times Media Group, Inc. Class A Common Stock, Novoste Corp, Markwest Hydrocarbon Inc., Millicom International Cellula, Saks Inc., Centennial Bank Holdings, Inc. - Common Stock during the 3-months ended 03/31/2007, according to the most recent filings of his investment company, MFP Investors LLC. Michael Price owns 76 stocks with a total value of $639 million. These are the details of the buys and sells.

Added: Motorola Inc. (MOT)

Michael Price added to his holdings in Telecom Equipment company Motorola Inc. by 400%. His purchase prices were between $17.73 and $19.8, with an estimated average price of $18.7. The impact to his portfolio due to this purchase was 2.21%. His holdings was 1,000,000 shares as of 03/31/2007. Motorola Inc. closed today at $18.32.

Added: Arkansas Best Corp. (ABFS)

Michael Price added to his holdings in Trucking company Arkansas Best Corp. by 386%. His purchase prices were between $35.35 and $42.25, with an estimated average price of $38.4. The impact to his portfolio due to this purchase was 1.07%. His holdings was 243,000 shares as of 03/31/2007. Arkansas Best Corp. closed today at $38.64.

Added: Conocophillips (COP)

Michael Price added to his holdings in Integrated Oil & Gas company Conocophillips by 46.43%. His purchase prices were between $63.44 and $69.25, with an estimated average price of $66.3. The impact to his portfolio due to this purchase was 0.69%. His holdings was 205,000 shares as of 03/31/2007. Conocophillips closed today at $70.19.

Added: Peapack-gladstone Financial Co (PGC)

Michael Price added to his holdings in Banks company Peapack-gladstone Financial Co by 199.52%. His purchase prices were between $26.17 and $29.75, with an estimated average price of $27.8. The impact to his portfolio due to this purchase was 0.59%. His holdings was 186,600 shares as of 03/31/2007. Peapack-gladstone Financial Co closed today at $29.9.

Added: White Mountains Insurance Grou (WTM)

Michael Price added to his holdings in Property & Casualty Insurance company White Mountains Insurance Grou by 107.41%. His purchase prices were between $543.5 and $577.87, with an estimated average price of $567.3. The impact to his portfolio due to this purchase was 0.51%. His holdings was 11,200 shares as of 03/31/2007. White Mountains Insurance Grou closed today at $560.52.

Added: Unionbancal Corp. (UB)

Michael Price added to his holdings in Banks company Unionbancal Corp. by 112.25%. His purchase prices were between $59.83 and $64.18, with an estimated average price of $62.2. The impact to his portfolio due to this purchase was 0.45%. His holdings was 86,600 shares as of 03/31/2007. Unionbancal Corp. closed today at $61.7.

Added: Gencorp Inc. (GY)

Michael Price added to his holdings in Aerospace company Gencorp Inc. by 171.14%. His purchase prices were between $13.29 and $14.99, with an estimated average price of $14. The impact to his portfolio due to this purchase was 0.39%. His holdings was 284,700 shares as of 03/31/2007. Gencorp Inc. closed today at $13.64.

Added: Great Atlantic & Pacific Tea C (GAP)

Michael Price added to his holdings in Food Retailers & Wholesalers company Great Atlantic & Pacific Tea C by 21.43%. His purchase prices were between $26.17 and $33.79, with an estimated average price of $30.1. The impact to his portfolio due to this purchase was 0.16%. His holdings was 170,000 shares as of 03/31/2007. Great Atlantic & Pacific Tea C closed today at $30.55.

Added: Flushing Financial Corp. (FFIC)

Michael Price added to his holdings in Banks company Flushing Financial Corp. by 28.21%. His purchase prices were between $15.91 and $17.43, with an estimated average price of $16.8. The impact to his portfolio due to this purchase was 0.11%. His holdings was 200,000 shares as of 03/31/2007. Flushing Financial Corp. closed today at $16.78.

Added: Northwest Bancorp Inc. (NWSB)

Michael Price added to his holdings in Banks company Northwest Bancorp Inc. by 24.5%. His purchase prices were between $25.32 and $27.87, with an estimated average price of $26.4. The impact to his portfolio due to this purchase was 0.1%. His holdings was 124,500 shares as of 03/31/2007. Northwest Bancorp Inc. closed today at $28.06.

New Purchase: American Standard Companies In (ASD)

Michael Price initiated holdings in Electrical Components & Equipment company American Standard Companies In. His purchase prices were between $45.44 and $54.72, with an estimated average price of $51.3. The impact to his portfolio due to this purchase was 4.15%. His holdings was 500,000 shares as of 03/31/2007. American Standard Companies In closed today at $57.02.

New Purchase: Altria Group Inc. (MO)

Michael Price initiated holdings in Tobacco company Altria Group Inc.. His purchase prices were between $62.03 and $65.7, with an estimated average price of $64.2. The impact to his portfolio due to this purchase was 1.03%. His holdings was 100,000 shares as of 03/31/2007. Altria Group Inc. closed today at $68.59.

New Purchase: Bristol-myers Squibb Co. (BMY)

Michael Price initiated holdings in Pharmaceuticals company Bristol-myers Squibb Co.. His purchase prices were between $25.92 and $28.35, with an estimated average price of $26.8. The impact to his portfolio due to this purchase was 0.98%. His holdings was 225,000 shares as of 03/31/2007. Bristol-myers Squibb Co. closed today at $30.24.

New Purchase: Armstrong World Indu (AWI)

Michael Price initiated holdings in Building Materials & Fixtures company Armstrong World Indu. His purchase prices were between $42.13 and $53.18, with an estimated average price of $48.4. The impact to his portfolio due to this purchase was 0.92%. His holdings was 115,600 shares as of 03/31/2007. Armstrong World Indu closed today at $54.05.

New Purchase: Goodrich Corp. (GR)

Michael Price initiated holdings in Aerospace company Goodrich Corp.. His purchase prices were between $45.13 and $52.13, with an estimated average price of $48.9. The impact to his portfolio due to this purchase was 0.81%. His holdings was 100,000 shares as of 03/31/2007. Goodrich Corp. closed today at $58.56.

New Purchase: Bancorp Rhode Island Inc. (BARI)

Michael Price initiated holdings in Banks company Bancorp Rhode Island Inc.. His purchase prices were between $42.85 and $44.7, with an estimated average price of $43.5. The impact to his portfolio due to this purchase was 0.34%. His holdings was 50,000 shares as of 03/31/2007. Bancorp Rhode Island Inc. closed today at $40.619.

New Purchase: Unitrin Inc. (UTR)

Michael Price initiated holdings in Full Line Insurance company Unitrin Inc.. His purchase prices were between $44.4 and $51.61, with an estimated average price of $48. The impact to his portfolio due to this purchase was 0.3%. His holdings was 41,000 shares as of 03/31/2007. Unitrin Inc. closed today at $47.4.

New Purchase: Time Warner Cable (TWC)

Michael Price initiated holdings in others company Time Warner Cable. His purchase prices were between $36.8 and $42.9, with an estimated average price of $40.1. The impact to his portfolio due to this purchase was 0.22%. His holdings was 38,340 shares as of 03/31/2007. Time Warner Cable closed today at $37.07.

New Purchase: Republic First Bancorp Inc. (FRBK)

Michael Price initiated holdings in Banks company Republic First Bancorp Inc.. His purchase prices were between $11.18 and $11.76, with an estimated average price of $11.5. The impact to his portfolio due to this purchase was 0.15%. His holdings was 73,800 shares as of 03/31/2007. Republic First Bancorp Inc. closed today at $10.06.

New Purchase: Keyspan Corp. (KSE)

Michael Price initiated holdings in Gas Distribution company Keyspan Corp.. His purchase prices were between $40.15 and $40.88, with an estimated average price of $40.5. The impact to his portfolio due to this purchase was 0.03%. His holdings was 5,000 shares as of 03/31/2007. Keyspan Corp. closed today at $41.58.

Reduced: Pnc Financial Services Group I (PNC)

Michael Price reduced to his holdings in Banks company Pnc Financial Services Group I by 21.74%. His purchase prices were between $69.49 and $74.98, with an estimated average price of $72.8. The impact to his portfolio due to this sale was 1.67%. His still held 180,000 shares as of 03/31/2007. Pnc Financial Services Group I closed today at $74.74.

Reduced: Oglebay Norton (OGBY.PK)

Michael Price reduced to his holdings in General Mining company Oglebay Norton by 27.23%. His purchase prices were between $18.8 and $19.2, with an estimated average price of $19. The impact to his portfolio due to this sale was 1.34%. His still held 492,995 shares as of 03/31/2007. Oglebay Norton closed today at $24.3.

Reduced: Limited Brands Inc. (LTD)

Michael Price reduced to his holdings in Apparel Retailers company Limited Brands Inc. by 83.33%. His purchase prices were between $25.7 and $29.36, with an estimated average price of $27.5. The impact to his portfolio due to this sale was 1.11%. His still held 50,000 shares as of 03/31/2007. Limited Brands Inc. closed today at $27.67.

Reduced: Franklin Bank Corp. (FBTX)

Michael Price reduced to his holdings in Banks company Franklin Bank Corp. by 45.89%. His purchase prices were between $17.63 and $19.99, with an estimated average price of $18.8. The impact to his portfolio due to this sale was 0.66%. His still held 343,600 shares as of 03/31/2007. Franklin Bank Corp. closed today at $16.1.

Reduced: Comcast Cl A Spcl (CMCSK)

Michael Price reduced to his holdings in Broadcasting & Entertainment company Comcast Cl A Spcl by 31.82%. His purchase prices were between $25.2 and $29.25, with an estimated average price of $27.1. The impact to his portfolio due to this sale was 0.46%. His still held 150,000 shares as of 03/31/2007. Comcast Cl A Spcl closed today at $26.09.

Reduced: Gateway Inc. (GTW)

Michael Price reduced to his holdings in Computer Hardware company Gateway Inc. by 38.54%. His purchase prices were between $1.94 and $2.34, with an estimated average price of $2.1. The impact to his portfolio due to this sale was 0.4%. His still held 1,613,400 shares as of 03/31/2007. Gateway Inc. closed today at $1.89.

Reduced: Mueller Water B (MWA-B)

Michael Price reduced to his holdings in Building Materials & Fixtures company Mueller Water B by 49.53%. The impact to his portfolio due to this sale was 0.38%. His still held 271,043 shares as of 03/31/2007. Mueller Water B closed today at $15.32.

Reduced: Medallion Financial Corp. (TAXI)

Michael Price reduced to his holdings in Consumer Finance company Medallion Financial Corp. by 21.83%. His purchase prices were between $10.63 and $12.15, with an estimated average price of $11.3. The impact to his portfolio due to this sale was 0.2%. His still held 132,100 shares as of 03/31/2007. Medallion Financial Corp. closed today at $12.24.

Reduced: Hearst-argyle Television Inc. (HTV)

Michael Price reduced to his holdings in Broadcasting & Entertainment company Hearst-argyle Television Inc. by 91.21%. His purchase prices were between $24.99 and $26.78, with an estimated average price of $26.1. The impact to his portfolio due to this sale was 0.07%. His still held 33,700 shares as of 03/31/2007. Hearst-argyle Television Inc. closed today at $25.68.

Sold Out: Centennial Bank Holdings, Inc. - Common Stock (CBHI)

Michael Price sold out his holdings in Banks company Centennial Bank Holdings, Inc. - Common Stock. His purchase prices were between $8.39 and $9.26, with an estimated average price of $8.8. The impact to his portfolio due to this sale was less than 0.01%. Centennial Bank Holdings, Inc. - Common Stock closed today at $9.22.

Sold Out: Conseco, Inc. 5.50% Mandatorily Convertible Prefer (CNO-PB)

Michael Price sold out his holdings in others company Conseco, Inc. 5.50% Mandatorily Convertible Prefer. His purchase prices were between $23.06 and $24.65, with an estimated average price of $24.2. The impact to his portfolio due to this sale was less than 0.01%. Conseco, Inc. 5.50% Mandatorily Convertible Prefer closed today at $25.17.

Sold Out: Healthsouth Cp (HLS)

Michael Price sold out his holdings in Health Care Providers company Healthsouth Cp. His purchase prices were between $21.7 and $25.73, with an estimated average price of $22.9. The impact to his portfolio due to this sale was less than 0.01%. Healthsouth Cp closed today at $19.74.

Sold Out: Lydall Inc. (LDL)

Michael Price sold out his holdings in Diversified Industrials company Lydall Inc.. His purchase prices were between $10.63 and $15.51, with an estimated average price of $13.4. The impact to his portfolio due to this sale was less than 0.01%. Lydall Inc. closed today at $14.64.

Sold Out: Sun-times Media Group, Inc. Class A Common Stock (SVN)

Michael Price sold out his holdings in Publishing company Sun-times Media Group, Inc. Class A Common Stock. His purchase prices were between $4.19 and $5.47, with an estimated average price of $4.7. The impact to his portfolio due to this sale was less than 0.01%. Sun-times Media Group, Inc. Class A Common Stock closed today at $6.25.

Sold Out: Millicom International Cellula (MICC)

Michael Price sold out his holdings in Mobile Telecom company Millicom International Cellula. His purchase prices were between $61.71 and $79.64, with an estimated average price of $71.7. The impact to his portfolio due to this sale was less than 0.01%. Millicom International Cellula closed today at $82.97.

Sold Out: Saks Inc. (SKS)

Michael Price sold out his holdings in Apparel Retailers company Saks Inc.. His purchase prices were between $18.07 and $20.93, with an estimated average price of $19.6. The impact to his portfolio due to this sale was less than 0.01%. Saks Inc. closed today at $22.47.

Sold Out: Lynch Interactive Cp (LICT.PK)

Michael Price sold out his holdings in others company Lynch Interactive Cp. His purchase prices were between $3150 and $3475, with an estimated average price of $3169.2. The impact to his portfolio due to this sale was less than 0.01%. Lynch Interactive Cp closed today at $3450.

Sold Out: Markwest Hydrocarbon Inc. (MWP)

Michael Price sold out his holdings in Gas Distribution company Markwest Hydrocarbon Inc.. His purchase prices were between $44.3 and $62.99, with an estimated average price of $54.5. The impact to his portfolio due to this sale was less than 0.01%. Markwest Hydrocarbon Inc. closed today at $59.91.

Rating: 2.2/5 (19 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide