According to GuruFocus Data, the fund purchased 3.2 million shares of ENTU on June 18, 2009 at the price of $1.84 per share. This is a new name in the fund’s portfolio. Also, earlier on May 31, 2009, the fund reduced its holdings in CCO by 42.67% to 3.785 million shares at the price of $3.52 per share.
Entrust Technologies (ENTU)
Entrust Technologies is a provider of public-key infrastructure products and services to e-businesses and other organizations. The company's solution is a PKI framework designed to assure the security of electronic transactions and communications over advanced networks including the Internet. Entrust Inc. has a market cap of $112.6 million; its shares were traded at around $1.83 with a P/E ratio of 22.9 and P/S ratio of 1.1.
The June 18 purchase is the first time the Fund bought into the stock.
Clear Channel Outdoor Holdings (NYSE:CCO)
Clear Channel Outdoor Holdings based in San Antonio TX is company prividing outdoor advertising displays in countries across continents. In the United States the company operates advertising displays and has a presence of the top DMA regions. It manages a large portion of Spectacular Displays in Times Square as well as Airport Taxi and Mall advertising worldwide. Clear Channel Outdoor Holdings Inc. has a market cap of $1.74 billion; its shares were traded at around $4.88 with a P/E ratio of 244 and P/S ratio of 0.5.
Jean-Marie bought into the stock for the Fund back in 2Q06 with a small position of 10,800 shares, and he gradually built a stake of 7.24 million shares through the first quarter of 2008. The Fund has been selling the stock since then for the past 5 quarters. The stock price has dropped more than 90% since Jean-Marie first bought the stock.
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