GuruFocus Premium Membership

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

Free Trial

Free 7-day Trial
All Articles and Columns »

Mason Hawkins Sells Telephone & Data Systems Inc. Special Shares (TDS-S)

July 23, 2009 | About:
guruek

guruek

80 followers
(GuruFocus.com, July 21, 2009) Mason Hawkins continues to sell special stock of Telephone & Data System Inc (TDS_S), according to GuruFocus Data. The latest transaction is on July 20, 2009, when Mason Hawkins reduced his holding in special shares (TDS-S) by 4.83%, from 12.97 million shares to 12.35 million shares at the price of $26.20 per share.

Mason Hawkins has been reducing his holding in the Special Shares (TDS-S) of the Telephone & Data Services since May 15, 2008, he has reduced his holding in Special shares from 16.6 million shares to the current 12.97 million shares.

Ticker Date Trading Price Comment Current Shares
TDS-S 2009-07-20 $26.20 Reduce -4.83% 12,345,485
TDS-S 2009-05-29 $29.18 Reduce -12.22% 12,971,593
TDS-S 2009-04-28 $25 Reduce -4.2% 14,776,895
TDS-S 2008-12-10 $28.75 Reduce -2.18% 15,519,047
TDS-S 2008-05-15 $45.88 Reduce -0.52% 16,592,747


Mason Hawkins has also been reducing his holding in the common shares the Telephone & Data Services since July 27, 2007, he has reduced his holding in the common shares from 3.7 million shares to the current 2.8 million shares.

Ticker Date Trading Price Comment Current Shares
TDS 2009-04-28 $28.34 Reduce -7.71% 2,838,648
TDS 2009-02-20 $29.92 Reduce -0.55% 3,075,748
TDS 2008-12-15 $30.49 Reduce -1.15% 3,102,500
TDS 2008-05-15 $41.8 Reduce -0.79% 3,203,800
TDS 2007-07-27 $69.94 Reduce -8.53% 3,710,280


Telephone and Data Systems is a diversified telecommunications company. It provides wireless, telephone and broadband services to more than 7.4 million customers in 36 states through its business units U.S. Cellular and TDS Telecom.

Telephone & Data Systems is a diversified telecommunications corporation. Through its business units U.S. Cellular and TDS Telecom TDS operates primarily by providing cellular and local telephone service. Telephone & Data Systems has a market cap of $3.50 billion; its shares were traded at around $29.05. The dividend yield of the stock is 1.47%.

According to the company’s press release, the two classes of Telephone & Data Services shares were created back in early part of 2005. The special shares were created as a result a special dividend of common shares. Special Common Shares represent shares of common stock of TDS, which are substantially identical in rights, powers and limitations to the Common Shares, except that, unless required by law, the Special Common Shares are not voted in matters other than the election of certain directors.

After the latest transaction, Mason Hawkins still owns 5.5% of the company’s common shares and 23.02% of the total Special shares.

GuruFocus provides Real Time Guru Picks information for Premium Member. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.

Rating: 1.9/5 (9 votes)

Comments

Greg Speicher
Greg Speicher premium member - 5 years ago
I never fully understood the case for TDS. It operates in a very tough business without any evident “moat”, and it competes with a number of strong national companies such as AT&T Mobility, Sprint Nextel, T-Mobile USA and Verizon Wireless. http://valueinvestingfundamentals.blogspot.com/

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