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Arnold Van Den Berg Buys Paychex Inc., Arctic Cat Inc., K12 Inc, Sells Allegiant Travel Company, Kemet Corp., Mips Technologies Inc.

insider

Arnold Van Den Berg likes companies selling at historical low P/S ratios. Although he learned that it can still go lower even when it is at historical lows in 2008, he is still a great investor if you look at his long term track record. Through his firm Century Management, Arnold Van Den Berg owns 91 stocks with a total value of $1.4 billion. These are the details of the buys and sells.

For the details of Arnold Van Den Berg's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Arnold+Van+Den+Berg

This is the sector weightings of Arnold Van Den Berg's portfolio:

Technology 21.7% 21.7%
Financials 9.4% 9.4%
Telecommunications 0% 0%
Consumer Services 18.7% 18.7%
Health Care 5.2% 5.2%
Consumer Goods 16.1% 16.1%
Industrials 20% 20%
Basic Materials 5.4% 5.4%


These are the top 5 holdings of Arnold Van Den Berg

  1. Microsoft Corp. (MSFT) - 5,273,638 shares, 8.8% of the total portfolio
  2. WalMart Stores Inc. (WMT) - 1,557,889 shares, 5.3% of the total portfolio
  3. UnitedHealth Group Inc. (UNH) - 2,905,891 shares, 5.09% of the total portfolio
  4. The CocaCola Company (KO) - 1,443,400 shares, 4.86% of the total portfolio
  5. ColgatePalmolive Company (CL) - 967,996 shares, 4.81% of the total portfolio


Added: Comcast Corp. Special (CMCSK)

Arnold Van Den Berg added to his holdings in Comcast Corp. Special by 84.06%. His purchase prices were between $12.92 and $15.4, with an estimated average price of $13.6. The impact to his portfolio due to this purchase was 0.5%. His holdings were 1,100,404 shares as of 06/30/2009.

Comcast Corporation is principally involved in the development management and operation of broadband cable networks and in the provision of electronic commerce and programming content. Comcast's commerce and content businesses include majority ownership of QVC Comcast-Spectacor Comcast SportsNet and The Golf Channel a controlling interest in E! Networks and other programming investments. (Company Press Release) Comcast Corp. Special has a market cap of $40.85 billion; its shares were traded at around $14 with and P/S ratio of 1.2. The dividend yield of Comcast Corp. Special stocks is 1.9%. Comcast Corp. Special had an annual average earning growth of 46.5% over the past 5 years.

Added: Cintas Corp. (CTAS)

Arnold Van Den Berg added to his holdings in Cintas Corp. by 191.56%. His purchase prices were between $22.43 and $26.83, with an estimated average price of $24.6. The impact to his portfolio due to this purchase was 0.48%. His holdings were 456,147 shares as of 06/30/2009.

Cintas Corp. provides a specialized service to businesses of all types - from small service and manufacturing companies to major corporations. The company is divided into two operating segments: Rentals and Other Services. The Rentals operating segment designs and manufactures corporate identity uniforms which it rents to its customers. The Other Services operating segment involves the design manufacture and direct sale of uniforms to its customers as well as the sale of ancillary services including sanitation supplies first aid products and cleanroom supplies. Cintas Corp. has a market cap of $4.14 billion; its shares were traded at around $27.12 with a P/E ratio of 14.8 and P/S ratio of 1.1. The dividend yield of Cintas Corp. stocks is 1.8%. Cintas Corp. had an annual average earning growth of 10.5% over the past 10 years. GuruFocus rated Cintas Corp. the business predictability rank of 5-star.

Added: The Procter & Gamble Company (PG)

Arnold Van Den Berg added to his holdings in The Procter & Gamble Company by 41.88%. His purchase prices were between $48.38 and $52.76, with an estimated average price of $50.8. The impact to his portfolio due to this purchase was 0.42%. His holdings were 398,931 shares as of 06/30/2009.

The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. Products fall into five business segments: fabric and home care paper beauty care health care and food and beverage. Today P&G markets more than 250 products to more than five billion consumers in 130 countries. The Procter & Gamble Company has a market cap of $154.54 billion; its shares were traded at around $53.02 with a P/E ratio of 14.8 and P/S ratio of 1.9. The dividend yield of The Procter & Gamble Company stocks is 3.4%. The Procter & Gamble Company had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated The Procter & Gamble Company the business predictability rank of 3-star.

Added: Memc Electronic Materials Inc. (WFR)

Arnold Van Den Berg added to his holdings in Memc Electronic Materials Inc. by 493.32%. His purchase prices were between $15.44 and $20.16, with an estimated average price of $17.8. The impact to his portfolio due to this purchase was 0.36%. His holdings were 346,975 shares as of 06/30/2009.

MEMC Electronic Materials Inc. is a leading global producer of polysilicon and silicon wafers. The silicon wafer is the fundamental building block of semiconductors which in turn are found in every type of microelectronics application including computer systems telecommunications equipment automobiles consumer electronics products industrial automation and control systems. (PRESS RELEASE) Memc Electronic Materials Inc. has a market cap of $3.78 billion; its shares were traded at around $16.91 with a P/E ratio of 11.2 and P/S ratio of 2. Memc Electronic Materials Inc. had an annual average earning growth of 50% over the past 5 years.

Added: Marsh & Mclennan Companies Inc. (MMC)

Arnold Van Den Berg added to his holdings in Marsh & Mclennan Companies Inc. by 13.62%. His purchase prices were between $18.63 and $20.46, with an estimated average price of $19.8. The impact to his portfolio due to this purchase was 0.33%. His holdings were 1,970,749 shares as of 06/30/2009.

Marsh & McLennan is primarily a holding company which through its subsidiaries and affiliates provides clients with analysis advice and transactional capabilities in the fields of risk and insurance services investment management and consulting. MMC Enterprise Risk provides advanced risk consulting services and transactional solutions on enterprise. MMC CAPITAL is a global private equity firm that invests in industries where MMC possesses specialized knowledge and proprietary deal flow. Marsh & Mclennan Companies Inc. has a market cap of $12.27 billion; its shares were traded at around $23.49 with a P/E ratio of 18 and P/S ratio of 1. The dividend yield of Marsh & Mclennan Companies Inc. stocks is 3.5%.

Added: M.d.c. Holdings Inc. (MDC)

Arnold Van Den Berg added to his holdings in M.d.c. Holdings Inc. by 25.41%. His purchase prices were between $28.39 and $36.03, with an estimated average price of $31.6. The impact to his portfolio due to this purchase was 0.27%. His holdings were 623,100 shares as of 06/30/2009.

M.D.C. HOLDINGS INC. is engaged in the construction sale and related financing of residential housing and the acquisition and development of land for use in its homebuilding activities and sale to others in the Denver Phoenix Maryland Virginia mid Atlantic region Las Vegas Dallas California metropolitan areas. They are also is involved in real estate brokerage property management condominium conversions and fee construction of apartment and commercial buildings. M.d.c. Holdings Inc. has a market cap of $1.66 billion; its shares were traded at around $35.5 with and P/S ratio of 1.1. The dividend yield of M.d.c. Holdings Inc. stocks is 2.7%.

Added: Automatic Data Processing Inc. (ADP)

Arnold Van Den Berg added to his holdings in Automatic Data Processing Inc. by 10.53%. His purchase prices were between $34.69 and $38.22, with an estimated average price of $36.1. The impact to his portfolio due to this purchase was 0.25%. His holdings were 1,038,373 shares as of 06/30/2009.

Automatic Data Processing Inc. is one of the largest providers of computerized transaction processing data communication and information services in the world. ADP Employer Services offers a comprehensive range of payroll human resources benefits administration time and attendance tax filing and reporting professional employer organization compliance management and retirement plan services to employers in the United States Canada Europe and Latin America. Automatic Data Processing Inc. has a market cap of $19.06 billion; its shares were traded at around $37.99 with a P/E ratio of 15.9 and P/S ratio of 2.1. The dividend yield of Automatic Data Processing Inc. stocks is 3.5%. Automatic Data Processing Inc. had an annual average earning growth of 4.1% over the past 10 years. GuruFocus rated Automatic Data Processing Inc. the business predictability rank of 2-star.

Added: Texas Instruments Inc. (TXN)

Arnold Van Den Berg added to his holdings in Texas Instruments Inc. by 26.57%. His purchase prices were between $17.05 and $21.56, with an estimated average price of $18.8. The impact to his portfolio due to this purchase was 0.25%. His holdings were 806,900 shares as of 06/30/2009.

Texas Instruments Inc. is a global semiconductor company and one of the world's leading designers and suppliers of digital signal processors and analog integrated circuits the engines driving the digitization of electronics. These two types of semiconductor products work together in digital electronic devices such as digital cellular phones. Other semiconductor products include standard logic application- specific integrated circuits reduced instruction-set computing microprocessors microcontrollers and digital imaging devices. Texas Instruments Inc. has a market cap of $30.7 billion; its shares were traded at around $24.11 with a P/E ratio of 25 and P/S ratio of 2.5. The dividend yield of Texas Instruments Inc. stocks is 1.9%. Texas Instruments Inc. had an annual average earning growth of 42.8% over the past 5 years.

Added: Yrc Worldwide Inc. (YRCW)

Arnold Van Den Berg added to his holdings in Yrc Worldwide Inc. by 93.56%. His purchase prices were between $1.82 and $4.57, with an estimated average price of $3. The impact to his portfolio due to this purchase was 0.14%. His holdings were 2,269,018 shares as of 06/30/2009.

YRC Worldwide Inc. is one of the largest transportation service providers in the world is the holding company for a portfolio of successful brands including Yellow Transportation Roadway Express Reimer Express Meridian IQ USF Holland USF Reddaway USF Bestway USF Glen Moore and New Penn Motor Express. The enterprise provides global transportation services transportation management solutions and logistics management. The portfolio of brands represents a comprehensive array of services for the shipment of industrial commercial and retail goods domestically and internationally. Yrc Worldwide Inc. has a market cap of $126.7 million; its shares were traded at around $2.13 . Yrc Worldwide Inc. had an annual average earning growth of 3.8% over the past 10 years.

Added: Rehabcare Group Inc. (RHB)

Arnold Van Den Berg added to his holdings in Rehabcare Group Inc. by 239.47%. His purchase prices were between $16.04 and $23.48, with an estimated average price of $19.9. The impact to his portfolio due to this purchase was 0.04%. His holdings were 38,360 shares as of 06/30/2009.

REHABCARE GROUP INC. develops markets and manages comprehensive medicial rehabilitation programs and therapy services in acute-care hospitals skilled nursing units and outpatient facilities. Rehabcare Group Inc. has a market cap of $395.5 million; its shares were traded at around $21.49 with a P/E ratio of 13.8 and P/S ratio of 0.5.

Added: Lawson Products Inc. (LAWS)

Arnold Van Den Berg added to his holdings in Lawson Products Inc. by 96.02%. His purchase prices were between $10.97 and $16.1, with an estimated average price of $12.6. The impact to his portfolio due to this purchase was 0.04%. His holdings were 90,504 shares as of 06/30/2009.

Lawson Products Inc. is a distributor of expendable maintenance repair & replacement products. It also distributes production components to the O.E.M. marketplace. These products may be divided into 3 broad categories: Fasteners Fittings & Related Parts such as screws nuts & other fasteners; Industrial Supplies such as hoses lubricants adhesives & other chemicals as well as files drills & other shop supplies; & Automotive & Equipment Maintenance Parts such as primary wiring connectors & other electrical supplies exhaust & other automotive parts. Lawson Products Inc. has a market cap of $161.3 million; its shares were traded at around $18.94 with a P/E ratio of 473.6 and P/S ratio of 0.3. The dividend yield of Lawson Products Inc. stocks is 0.7%. Lawson Products Inc. had an annual average earning growth of 0.2% over the past 10 years.

Added: Northgate Minerals Corp. (NXG)

Arnold Van Den Berg added to his holdings in Northgate Minerals Corp. by 153.98%. His purchase prices were between $1.22 and $2.41, with an estimated average price of $1.8. The impact to his portfolio due to this purchase was 0.02%. His holdings were 259,825 shares as of 06/30/2009.

Northgate is a gold and copper mining company focused on operations and opportunities in North and South America. The Corporation's principal assets are the Kemess South mine in north-central British Columbia and the adjacent Kemess North deposit. Northgate Minerals Corp. has a market cap of $570.7 million; its shares were traded at around $2.23 with a P/E ratio of 74.2 and P/S ratio of 1.3.

Added: Stec Inc. (STEC)

Arnold Van Den Berg added to his holdings in Stec Inc. by 74.84%. His purchase prices were between $8.22 and $24.2, with an estimated average price of $14.9. The impact to his portfolio due to this purchase was 0.02%. His holdings were 27,100 shares as of 06/30/2009.

Simple Technology is a technology solutions provider offering products based on dynamic random access memory or DRAM static randomaccess memory or SRAM and Flash memory technologies. The company designs manufactures and markets a comprehensive line of custom and standard memory and storage products as well as connectivity products that connect memory cards and hard drive upgrade kits to PCs. These products are used in high performance computing networking and communications consumer electronics and industrial applications. Stec Inc. has a market cap of $1.67 billion; its shares were traded at around $34.56 with a P/E ratio of 50.8 and P/S ratio of 7.3.

Added: Intellon Corporation (ITLN)

Arnold Van Den Berg added to his holdings in Intellon Corporation by 120.26%. His purchase prices were between $2.03 and $5.1, with an estimated average price of $3.4. The impact to his portfolio due to this purchase was 0.01%. His holdings were 42,730 shares as of 06/30/2009.

Intellon Corporation designs and sells integrated circuits (ICs) for powerline communications providing HomePlug? - compliant and other powerline ICs for home networking networked entertainment commercial and Smart Grid applications. Intellon is a leader in powerline communications technology. Intellon developed and patented the baseline technology behind the initial standard adopted by the HomePlug Powerline Alliance a global industry group formed to create and promote standards for powerline communications. Intellon Corporation has a market cap of $149.1 million; its shares were traded at around $4.76 with a P/E ratio of 59.5 and P/S ratio of 2.

Added: Answers Corp. (ANSW)

Arnold Van Den Berg added to his holdings in Answers Corp. by 43.61%. His purchase prices were between $6.33 and $8.88, with an estimated average price of $7.4. The impact to his portfolio due to this purchase was 0.01%. His holdings were 69,075 shares as of 06/30/2009.

GuruNet Corporation operates a leading answer-based search engine. It provides patented technology and software tools to access concise information on demand. Answers Corp. has a market cap of $65.3 million; its shares were traded at around $8.28 with and P/S ratio of 4.5.

New Purchase: Paychex Inc. (PAYX)

Arnold Van Den Berg initiated holdings in Paychex Inc.. His purchase prices were between $25.18 and $27.55, with an estimated average price of $26.7. The impact to his portfolio due to this purchase was 1.07%. His holdings were 604,693 shares as of 06/30/2009.

Paychex Inc. is a national provider of payroll human resource and employee benefit outsourcing solutions for small-to medium-sized businesses. The company has two reportable business segments: Payroll and Human Resource Services and Professional Employer Organization. Paychex's Payroll segment is a national payroll processing and payroll taxpreparation service provided to small-to medium-sized business. The Professional Employer Organization segment provides human resource products and services. Paychex Inc. has a market cap of $10.11 billion; its shares were traded at around $28 with a P/E ratio of 18.9 and P/S ratio of 4.7. The dividend yield of Paychex Inc. stocks is 4.5%. Paychex Inc. had an annual average earning growth of 17.8% over the past 10 years. GuruFocus rated Paychex Inc. the business predictability rank of 5-star.

New Purchase: Arctic Cat Inc. (ACAT)

Arnold Van Den Berg initiated holdings in Arctic Cat Inc.. His purchase prices were between $3.88 and $4.89, with an estimated average price of $4.1. The impact to his portfolio due to this purchase was 0.09%. His holdings were 306,825 shares as of 06/30/2009.

Arctic Cat Inc. operates in a single industry segment and designs engineers manufactures and markets snowmobiles and all-terrain vehicles under the Arctic Cat brand name as well as related parts garments and accessories. The company markets its products through a network of independent dealers located throughout the contiguous United States and Canada and through distributors representing dealers in Alaska Europe the Middle East Asia and other international markets. Arctic Cat Inc. has a market cap of $132.1 million; its shares were traded at around $7.25 with and P/S ratio of 0.2.

New Purchase: K12 Inc (LRN)

Arnold Van Den Berg initiated holdings in K12 Inc. His purchase prices were between $15.63 and $21.97, with an estimated average price of $18. The impact to his portfolio due to this purchase was 0.04%. His holdings were 23,775 shares as of 06/30/2009.

K12 Inc. a technology-based education company is a leading national provider of proprietary curriculum and educational services created for online delivery to students in kindergarten through 12th grade or K-12. Its mission is to maximize a child's potential by providing access to an engaging and effective education regardless of geographic location or socio-economic background. K12 Inc has a market cap of $570.8 million; its shares were traded at around $19.73 with a P/E ratio of 46 and P/S ratio of 2.5.

New Purchase: Gammon Gold Inc (GRS)

Arnold Van Den Berg initiated holdings in Gammon Gold Inc. His purchase prices were between $6.17 and $8.4, with an estimated average price of $7.3. The impact to his portfolio due to this purchase was 0.03%. His holdings were 58,680 shares as of 06/30/2009.

Gammon Lake Resources Inc. is a Nova Scotia based mineral exploration Company with properties in Mexico. Gammon Gold Inc has a market cap of $804.9 million; its shares were traded at around $6.55 with a P/E ratio of 59.5 and P/S ratio of 3.8.

New Purchase: Lincoln Educational Services Corp. (LINC)

Arnold Van Den Berg initiated holdings in Lincoln Educational Services Corp.. His purchase prices were between $15.36 and $20.47, with an estimated average price of $18. The impact to his portfolio due to this purchase was 0.03%. His holdings were 22,280 shares as of 06/30/2009.

Lincoln Educational is a leading and diversified for-profit provider of a career-oriented post-secondary education headquartered in West Orange New Jersey. It offers recent high school graduates and working adults degree and diploma programs in four principal areas of study: automotive technology allied health (which includes programs for medical administrative assistants medical assistants pharmacy technicians and massage therapists) skilled trades and business and information technology. Lincoln Educational Services Corp. has a market cap of $591 million; its shares were traded at around $22.09 with a P/E ratio of 18.4 and P/S ratio of 1.6.

New Purchase: Perfect World Co., Ltd. - American Depositary Shar (PWRD)

Arnold Van Den Berg initiated holdings in Perfect World Co., Ltd. - American Depositary Shar. His purchase prices were between $16.58 and $32.6, with an estimated average price of $21.4. The impact to his portfolio due to this purchase was 0.03%. His holdings were 13,790 shares as of 06/30/2009.

Perfect World Co. Ltd. is a leading online game developer and operator in China. Perfect World primarily develops three-dimensional (`3D`) online games based on the proprietary Angelica 3D game engine and game development platform. The Company's strong technology and creative game design capabilities combined with extensive local knowledge and experience enable it to frequently and rapidly introduce popular games designed to cater to changing customer preferences and market trends in China. The Company's current roster of in- house developed 3D massively multiplayer online role playing games (''MMORPGs'') include ''Perfect World'' ''Legend of Martial Arts'' ''Perfect World II'' and ''Zhu Xian.'' The Company uses a time-based revenue model for ''Perfect World'' and an item-based model for `Legend of Martial Arts'' ''Perfect World II'' and ''Zhu Xian.'' While most revenues are generated in China the Company's games have been licensed to leading game operators in eleven c Perfect World Co., Ltd. - American Depositary Shar has a market cap of $1.54 billion; its shares were traded at around $40 with a P/E ratio of 16.8 and P/S ratio of 7.3.

New Purchase: Spartan Motors Inc. (SPAR)

Arnold Van Den Berg initiated holdings in Spartan Motors Inc.. His purchase prices were between $5.73 and $11.44, with an estimated average price of $8.9. The impact to his portfolio due to this purchase was 0.03%. His holdings were 35,340 shares as of 06/30/2009.

Spartan is a leading designer engineer and manufacturer of customheavy-duty chassis. The Company's chassis consist of a frame assemblyengine transmission electrical systems running gear (wheels tiresaxles suspension and brakes) and for some applications a cab. TheCompany's customers are original equipment manufacturers (``OEMs``) whocomplete their vehicle product by mounting the body or apparatus on aSpartan chassis. Spartan Motors Inc. has a market cap of $191.1 million; its shares were traded at around $5.89 with a P/E ratio of 5.5 and P/S ratio of 0.2. The dividend yield of Spartan Motors Inc. stocks is 1.8%. Spartan Motors Inc. had an annual average earning growth of 18% over the past 10 years. GuruFocus rated Spartan Motors Inc. the business predictability rank of 3-star.

New Purchase: Demandtec Inc. (DMAN)

Arnold Van Den Berg initiated holdings in Demandtec Inc.. His purchase prices were between $6.96 and $9.74, with an estimated average price of $8.4. The impact to his portfolio due to this purchase was 0.03%. His holdings were 47,115 shares as of 06/30/2009.

Headquartered in San Carlos California DemandTec's suite of on-demand applications empowers retailers and consumer products companies to optimize pricing promotion and other strategic decisions in order to achieve their revenue profitability and sales volume objectives. DemandTec customers include leading retailers such as Advance Auto Parts Best Buy Circle K Stores Delhaize America Giant-Carlisle H-E-B Grocery Co. Monoprix and Safeway as well as more than 100 consumer products companies. Demandtec Inc. has a market cap of $265.5 million; its shares were traded at around $9.37 with and P/S ratio of 3.6.

New Purchase: Aeropostale Inc. (ARO)

Arnold Van Den Berg initiated holdings in Aeropostale Inc.. His purchase prices were between $30.22 and $36.41, with an estimated average price of $33.4. The impact to his portfolio due to this purchase was 0.03%. His holdings were 11,290 shares as of 06/30/2009.

Aeropostale Inc. is a mall-based specialty retailer of casual apparel and accessories principally targeting fourteen to seventeen year-old young women and men. The Company provides customers with a focused selection of high-quality active-oriented fashion and fashion basic merchandise at compelling values. Aeropostale maintains control over its proprietary brands by designing sourcing marketing and selling all of its own merchandise. Aeropostale products are currently purchased only in its stores on-line through its e-commerce website or at organized sales events at college campuses. Aeropostale Inc. has a market cap of $2.42 billion; its shares were traded at around $35.88 with a P/E ratio of 14.7 and P/S ratio of 1.3. Aeropostale Inc. had an annual average earning growth of 27.4% over the past 5 years.

New Purchase: Core Mark Holding Co Inc (CORE)

Arnold Van Den Berg initiated holdings in Core Mark Holding Co Inc. His purchase prices were between $18.93 and $27, with an estimated average price of $22.9. The impact to his portfolio due to this purchase was 0.03%. His holdings were 16,170 shares as of 06/30/2009.

Core-Mark is one of the largest broad-line full-service wholesale distributors of packaged consumer products to the convenience retail industry in North America. The Core-Mark provides distribution and logistics services as well as marketing programs to retail locations in states and five Canadian provinces through distribution centers. Core-Mark services traditional convenience retailers grocers mass merchandisers drug liquor and specialty stores and other stores that carry consumer packaged goods. Core Mark Holding Co Inc has a market cap of $304.6 million; its shares were traded at around $28.11 with a P/E ratio of 12.4.

New Purchase: Telecom Argentina S.a. (TEO)

Arnold Van Den Berg initiated holdings in Telecom Argentina S.a.. His purchase prices were between $7.55 and $11.66, with an estimated average price of $9.6. The impact to his portfolio due to this purchase was 0.03%. His holdings were 35,800 shares as of 06/30/2009.

TELECOM ARGENTINA holds a license to provide basic telephone service andfixes telecommunications links in the northern region of the ArgentineRepublic. The Company contributes to the country?s economic and socialdevelopment by means of incorporating the latest technological advancesachieved to-date in the field of telecommunications world-wide. Telecom Argentina S.a. has a market cap of $2.86 billion; its shares were traded at around $14.55 with a P/E ratio of 24.2 and P/S ratio of 0.8. Telecom Argentina S.a. had an annual average earning growth of 85.6% over the past 5 years.

New Purchase: China Mass Media International Advertisi (CMM)

Arnold Van Den Berg initiated holdings in China Mass Media International Advertisi. His purchase prices were between $2.13 and $6.05, with an estimated average price of $3.8. The impact to his portfolio due to this purchase was 0.02%. His holdings were 61,300 shares as of 06/30/2009.

China Mass Media International Advertising Corp. provides a range of integrated television advertising services including advertising agency services special events services to China central television and production and sponsorship services. It is an independent television advertising company in China whose vision is to be the leading multi-media advertising company in China by providing outstanding and integrated communication services. In addition it solicits sponsors for the public service announcements the Company produces and arranges for such announcements as well as announcements supplied by certain of its clients to be broadcast on CCTV the largest television network in China. The Company has also been the exclusive advertising agent of the most watched television program in China Chinese New Year Gala since its incorporation. China Mass Media International Advertisi has a market cap of $111.8 million; its shares were traded at around $4.68 with a P/E ratio of 6.8 and P/S ratio of 2.1.

New Purchase: Syntel Inc. (SYNT)

Arnold Van Den Berg initiated holdings in Syntel Inc.. His purchase prices were between $22.73 and $30.1, with an estimated average price of $27.4. The impact to his portfolio due to this purchase was 0.02%. His holdings were 8,095 shares as of 06/30/2009.

Syntel is a worldwide provider of advanced technology services toFortune 1000 companies as well as to government entities. Their serviceofferings are grouped into three segments: e-Business Application Outsourcing and Teamsourcing. E-Business consists of practice areas in Web Solutions Customer Relationship Management Data Warehousing/Business Intelligence and Enterprise Application Outsourcing services. Syntel Inc. has a market cap of $1.59 billion; its shares were traded at around $38.27 with a P/E ratio of 16.4 and P/S ratio of 3.8. The dividend yield of Syntel Inc. stocks is 0.6%. Syntel Inc. had an annual average earning growth of 10.6% over the past 10 years. GuruFocus rated Syntel Inc. the business predictability rank of 3-star.

New Purchase: Progress Software Corp. (PRGS)

Arnold Van Den Berg initiated holdings in Progress Software Corp.. His purchase prices were between $19.5 and $23.85, with an estimated average price of $21.7. The impact to his portfolio due to this purchase was 0.02%. His holdings were 12,430 shares as of 06/30/2009.

Progress Software Corporation is a global supplier of application development deployment and management technology Internet andintranet enabling technologies and support services to business industry and government. The company's software products and services address these challenges by increasing developer productivity by delivering applications with a low total cost of ownership and by enhancingperformance and availability. The company's products include applicationservers databases development tools and application management products. Progress Software Corp. has a market cap of $877.6 million; its shares were traded at around $21.89 with a P/E ratio of 21.1 and P/S ratio of 1.7. Progress Software Corp. had an annual average earning growth of 12.5% over the past 10 years. GuruFocus rated Progress Software Corp. the business predictability rank of 4-star.

New Purchase: The Buckle Inc. (BKE)

Arnold Van Den Berg initiated holdings in The Buckle Inc.. His purchase prices were between $30.91 and $36.52, with an estimated average price of $33.7. The impact to his portfolio due to this purchase was 0.02%. His holdings were 10,450 shares as of 06/30/2009.

Buckle Inc. is a retailer of medium to better-priced casual apparel for young men and women. The company markets a wide selection of mostly brand name casual apparel including denims other casual bottoms tops sportswear outerwear accessories and footwear. They emphasize personalized attention to their customers and provides individual customer services such as free alterations free gift-wrapping easy layaways and a frequent shopper program. Most stores are located in regional high-traffic shopping malls and this is their strategy for future expansion. The Buckle Inc. has a market cap of $1.24 billion; its shares were traded at around $26.84 with a P/E ratio of 11.1 and P/S ratio of 1.4. The dividend yield of The Buckle Inc. stocks is 2.9%. The Buckle Inc. had an annual average earning growth of 7.1% over the past 10 years. GuruFocus rated The Buckle Inc. the business predictability rank of 2.5-star.

New Purchase: Nuance Communications Inc. (NUAN)

Arnold Van Den Berg initiated holdings in Nuance Communications Inc.. His purchase prices were between $11.84 and $14.25, with an estimated average price of $13. The impact to his portfolio due to this purchase was 0.01%. His holdings were 14,100 shares as of 06/30/2009.

Nuance Communications Inc. is the leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies applications and services make the user experience more compelling by transforming the way people interact with information and how they create share and use documents. Nuance Communications Inc. has a market cap of $3.27 billion; its shares were traded at around $12.37 with a P/E ratio of 15.7 and P/S ratio of 3.7.

New Purchase: The Clorox Company (CLX)

Arnold Van Den Berg initiated holdings in The Clorox Company. His purchase prices were between $50.68 and $55.91, with an estimated average price of $53.6. The impact to his portfolio due to this purchase was 0.01%. His holdings were 3,800 shares as of 06/30/2009.

Clorox Company's business operations represented by the aggregate of its U.S. Household Products and Canada U.S. Specialty Products and International segments include the production and marketing of non-durable consumer products sold primarily through grocery and other retail stores. The Clorox Company has a market cap of $8.09 billion; its shares were traded at around $58.18 with a P/E ratio of 14.9 and P/S ratio of 1.5. The dividend yield of The Clorox Company stocks is 3.5%. The Clorox Company had an annual average earning growth of 12.1% over the past 5 years.

New Purchase: Saba Software Inc. (SABA)

Arnold Van Den Berg initiated holdings in Saba Software Inc.. His purchase prices were between $2.05 and $4.06, with an estimated average price of $3. The impact to his portfolio due to this purchase was 0.01%. His holdings were 31,765 shares as of 06/30/2009.

Saba Software Inc. is a provider of software and services that enable businesses and governments to create and deploy global networks over the Internet that connect people to learning. The Internet-based software platform and related services enable organizations to procure and deliver learning and systematically close knowledge and competency gaps across their base of employees customers partners and suppliers known as the ``extended enterprise``. The company offers learning providers an Internet-based global marketing and distribution channel. Saba Software Inc. has a market cap of $101.3 million; its shares were traded at around $3.47 with a P/E ratio of 38.6 and P/S ratio of 0.9.

New Purchase: Compuware Corp. (CPWR)

Arnold Van Den Berg initiated holdings in Compuware Corp.. His purchase prices were between $6.9 and $7.95, with an estimated average price of $7.4. The impact to his portfolio due to this purchase was 0.01%. His holdings were 26,000 shares as of 06/30/2009.

Compuware Corporation provides business value through software and professional services that optimize productivity and reduce costs across the application life cycle. Meeting the rapidly changing needs of businesses of all sizes Compuware's solutions improve the quality ease the integration and enhance the performance of distributed e-business and enterprise software. (Company Press Release) Compuware Corp. has a market cap of $1.75 billion; its shares were traded at around $7.25 with a P/E ratio of 10.9 and P/S ratio of 1.6. Compuware Corp. had an annual average earning growth of 59.5% over the past 5 years.

New Purchase: King Pharmaceuticals Inc. (KG)

Arnold Van Den Berg initiated holdings in King Pharmaceuticals Inc.. His purchase prices were between $7.76 and $9.97, with an estimated average price of $9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 18,700 shares as of 06/30/2009.

King Pharmaceuticals Inc. is a vertically integrated pharmaceutical company that manufactures markets and sells primarily branded prescription pharmaceutical products. Through a national sales force they market their branded pharmaceutical products to general/family practitioners internal medicine physicians cardiologists endocrinologists pediatricians and hospitals across the country. King Pharmaceuticals Inc. has a market cap of $2.54 billion; its shares were traded at around $10.23 with a P/E ratio of 8.8 and P/S ratio of 1.6. King Pharmaceuticals Inc. had an annual average earning growth of 10.9% over the past 10 years. GuruFocus rated King Pharmaceuticals Inc. the business predictability rank of 4-star.

New Purchase: Lecg Corp. (XPRT)

Arnold Van Den Berg initiated holdings in Lecg Corp.. His purchase prices were between $2.45 and $4.15, with an estimated average price of $3.1. The impact to his portfolio due to this purchase was 0.01%. His holdings were 38,680 shares as of 06/30/2009.

LECG Corp conducts economic and financial analyses to provide objective opinions and advice that help resolve complex disputes and inform legislative judicial regulatory and business decision makers. Lecg Corp. has a market cap of $94.7 million; its shares were traded at around $3.7 with and P/S ratio of 0.3. Lecg Corp. had an annual average earning growth of 1.9% over the past 5 years.

New Purchase: Descartes Systems Group Inc. (DSGX)

Arnold Van Den Berg initiated holdings in Descartes Systems Group Inc.. His purchase prices were between $3.22 and $4.04, with an estimated average price of $3.6. The impact to his portfolio due to this purchase was 0.01%. His holdings were 18,800 shares as of 06/30/2009.

Descartes Systems Group Inc. a leading provider of software-as-a-service logistics solutions is delivering results across the globe today for organizations that operate logistics-intensive businesses. Descartes' logistics management solutions combine a multi-modal network the Descartes Global Logistics Network with component-based 'nano' sized applications to provide messaging services between logistics trading partners `book-to-bill` services for contract carriers and private fleet management services for organizations of all sizes. These solutions and services help Descartes' customers reduce administrative costs billing cycles fleet size contract carrier costs and mileage driven and improve pick up and delivery reliability. Companies hosted transactional and packaged solutions deliver repeatable measurable results and fast time-to-value. Descartes Systems Group Inc. has a market cap of $221.9 million; its shares were traded at around $4.18 with a P/E ratio of 20 and P/S ratio of 3.3.

New Purchase: Majesco Entertainment Company (COOL)

Arnold Van Den Berg initiated holdings in Majesco Entertainment Company. His purchase prices were between $1.29 and $2.1, with an estimated average price of $1.6. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 22,450 shares as of 06/30/2009.

Majesco Entertainment Company is an innovative provider of digital entertainment products and content. The Company's three product lines include Games which includes highly anticipated titles such as Advent Rising and JAWS Unleashed; Videos which highlights the Company's platform-independent video compression technology; and Gadgets which includes innovative digital entertainment products like Frogger TV Arcade. Majesco Entertainment Company has a market cap of $55.1 million; its shares were traded at around $1.75 with a P/E ratio of 21.9 and P/S ratio of 0.8.

New Purchase: Qlt Inc. (QLTI)

Arnold Van Den Berg initiated holdings in Qlt Inc.. His purchase prices were between $1.98 and $2.46, with an estimated average price of $2.2. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 22,850 shares as of 06/30/2009.

QLT PhotoTherapeutics Inc. is a world leader in the development and commercialization of proprietary pharmaceutical products for use in photodynamic therapy an emerging field of medicine utilizing light-activated drugs in the treatment of disease. QLT's innovative science has advanced photodynamic therapy beyond applications in cancer towards potential breakthrough treatments in ophthalmology and autoimmune disease. (PRESS RELEASE) Qlt Inc. has a market cap of $217.9 million; its shares were traded at around $3.99 with a P/E ratio of 20 and P/S ratio of 1.8.

New Purchase: Ce Franklin Ltd (CFK)

Arnold Van Den Berg initiated holdings in Ce Franklin Ltd. His purchase prices were between $4.54 and $6.31, with an estimated average price of $5.3. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 13,380 shares as of 06/30/2009.

CE Franklin is the leading supplier to the Canadian energy industry. The company improves the efficiency of companies that produce pipeline and process oil and gas by managing the supply of the thousands of products they need to build and operate their facilities. With a network service anddistribution centers linked across the country and a full online procurement and logistics system the company provides not only the lowest cost but also the highest level of service to ensure customer productivity is maintained. Ce Franklin Ltd has a market cap of $96.5 million; its shares were traded at around $5.35 with a P/E ratio of 5.4 and P/S ratio of 0.2. Ce Franklin Ltd had an annual average earning growth of 50.2% over the past 5 years.

Reduced: Neutral Tandem, Inc. (TNDM)

Arnold Van Den Berg reduced to his holdings in Neutral Tandem, Inc. by 43.08%. His sale prices were between $24.54 and $30.87, with an estimated average price of $27.7. The impact to his portfolio due to this sale was -0.01%. Arnold Van Den Berg still held 13,290 shares as of 06/30/2009.

The Company provides tandem interconnection services principally to competitive carriers including wireless wireline cable telephony and Voice over Internet Protocol or VoIP companies. Neutral Tandem, Inc. has a market cap of $824.9 million; its shares were traded at around $25.14 with a P/E ratio of 24.7 and P/S ratio of 6.8.

Reduced: Spdr S&p 500 (SPY)

Arnold Van Den Berg reduced to his holdings in Spdr S&p 500 by 41.67%. His sale prices were between $85.33 and $94.55, with an estimated average price of $89.9. The impact to his portfolio due to this sale was -0.01%. Arnold Van Den Berg still held 3,500 shares as of 06/30/2009.

Standard and Poor's Depository Reciepts trust is involved in the financial services industry. Their holdings are comprised of the 500 stocks in the S&P 500 Index which is designed to capture the price performance of a large cross-section of the U.S. publicly traded stock market. Spdr S&p 500 has a market cap of $70.38 billion; its shares were traded at around $100.99 . The dividend yield of Spdr S&p 500 stocks is 2.1%.

Reduced: Mohawk Industries Inc. (MHK)

Arnold Van Den Berg reduced to his holdings in Mohawk Industries Inc. by 50.59%. His sale prices were between $32.72 and $49, with an estimated average price of $40. The impact to his portfolio due to this sale was -0.12%. Arnold Van Den Berg still held 91,870 shares as of 06/30/2009.

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 $3.16 billion; its shares were traded at around $46.11 with a P/E ratio of 78.2 and P/S ratio of 0.5. 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.

Reduced: J.c. Penney Company Inc. (JCP)

Arnold Van Den Berg reduced to his holdings in J.c. Penney Company Inc. by 28.56%. His sale prices were between $24.94 and $30.77, with an estimated average price of $27.5. The impact to his portfolio due to this sale was -0.13%. Arnold Van Den Berg still held 232,963 shares as of 06/30/2009.

JCPenney is one of America's leading retailers operating department stores throughout the United States and Puerto Rico as well as one of the largest apparel and home furnishing sites on the Internet jcp.com and the nation's largest general merchandise catalog business. Through these integrated channels JCPenney offers a wide array of national private and exclusive brands. J.c. Penney Company Inc. has a market cap of $7.24 billion; its shares were traded at around $30.69 with a P/E ratio of 19.3 and P/S ratio of 0.4. The dividend yield of J.c. Penney Company Inc. stocks is 2.6%. J.c. Penney Company Inc. had an annual average earning growth of 6.2% over the past 10 years.

Reduced: The Talbots Inc. (TLB)

Arnold Van Den Berg reduced to his holdings in The Talbots Inc. by 66.94%. His sale prices were between $2.14 and $6.96, with an estimated average price of $3.7. The impact to his portfolio due to this sale was -0.17%. Arnold Van Den Berg still held 650,063 shares as of 06/30/2009.

Talbots is a leading specialty retailer and cataloger of women's classic apparel. Its private label collection includes high-quality sportswear versatile career separates casual wear and special occasion classics. A complementary selection of shoes and accessories provides customers with head-to-toe wardrobing. The company also offers infants and children's clothing for both girls and boys. Talbots serves a well-defined customer niche. The company's customer is well-educated active in her community and socially and culturally aware. The Talbots Inc. has a market cap of $325.6 million; its shares were traded at around $5.89 with and P/S ratio of 0.2.

Reduced: Maxwell Technologies Inc. (MXWL)

Arnold Van Den Berg reduced to his holdings in Maxwell Technologies Inc. by 21.8%. His sale prices were between $8.74 and $14.1, with an estimated average price of $10.6. The impact to his portfolio due to this sale was -0.19%. Arnold Van Den Berg still held 898,325 shares as of 06/30/2009.

Maxwell Technologies Inc. is a leading developer and manufacturer of innovative cost-effective energy storage and power delivery solutions. Company's BOOSTCAP ultracapacitor cells and multi-cell modules and POWERCACHE backup power systems provide safe and reliable power solutions for applications in consumer and industrial electronics transportation and telecommunications. Our CONDIS high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure and other applications involving transport distribution and measurement of high-voltage electrical energy. Its radiation-mitigated microelectronic products include power modules memory modules and single board computers that incorporate powerful commercial silicon for superior performance and high reliability in aerospace applications. Maxwell Technologies Inc. has a market cap of $343.7 million; its shares were traded at around $13.65 with and P/S ratio of 4.2.

Reduced: Cpi Corp. (CPY)

Arnold Van Den Berg reduced to his holdings in Cpi Corp. by 27.41%. His sale prices were between $7.63 and $18.64, with an estimated average price of $12.6. The impact to his portfolio due to this sale was -0.25%. Arnold Van Den Berg still held 772,139 shares as of 06/30/2009.

CPI Corp. is a holding company engaged through its subsidiaries in the development and marketing of consumer services and related products through a network of centrally-managed small retail locations. CPI Corp. is the exclusive operator of all Sears Portrait Studios in the United States Canada and Puerto Rico. The company provides its customers with a professional portrait studio experience and offers a variety of productstailored to maximize customer satisfaction. Cpi Corp. has a market cap of $126 million; its shares were traded at around $17.98 with and P/S ratio of 0.3. The dividend yield of Cpi Corp. stocks is 3.6%. Cpi Corp. had an annual average earning growth of 1.4% over the past 10 years.

Reduced: Seagate Technology (STX)

Arnold Van Den Berg reduced to his holdings in Seagate Technology by 56.62%. His sale prices were between $6.65 and $10.27, with an estimated average price of $8.3. The impact to his portfolio due to this sale was -0.36%. Arnold Van Den Berg still held 864,480 shares as of 06/30/2009.

Seagate Technology is the worldwide leader in the design manufacture and marketing of hard disc drives providing products for a wide-range of applications including Enterprise Desktop Mobile Computing Consumer Electronics and Branded Solutions. Seagate's business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers and to be the low cost producer in all markets in which it participates. The company is committed to providing award- winning products customer support and reliability to meet the world's growing demand for information storage. Seagate Technology has a market cap of $6.04 billion; its shares were traded at around $12.3 with and P/S ratio of 0.6. Seagate Technology had an annual average earning growth of 21.1% over the past 5 years.

Reduced: Leggett & Platt Inc. (LEG)

Arnold Van Den Berg reduced to his holdings in Leggett & Platt Inc. by 37.69%. His sale prices were between $14.01 and $15.5, with an estimated average price of $14.7. The impact to his portfolio due to this sale was -0.47%. Arnold Van Den Berg still held 1,160,926 shares as of 06/30/2009.

Leggett & Platt Inc. is one of the leading manufacturers of engineered products serving several major markets. Sales and production are focused on residential furnishings commercial furnishings aluminum products industrial materials and specialized products. The company has facilities throughout North America and in numerous international locations. (Company Press Release) Leggett & Platt Inc. has a market cap of $2.88 billion; its shares were traded at around $18.37 with a P/E ratio of 31.1 and P/S ratio of 0.7. The dividend yield of Leggett & Platt Inc. stocks is 5.6%. Leggett & Platt Inc. had an annual average earning growth of 0.3% over the past 10 years.

Reduced: Wells Fargo & Company (WFC)

Arnold Van Den Berg reduced to his holdings in Wells Fargo & Company by 29.37%. His sale prices were between $19.53 and $28.13, with an estimated average price of $23.4. The impact to his portfolio due to this sale was -1.07%. Arnold Van Den Berg still held 2,129,371 shares as of 06/30/2009.

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 $129.29 billion; its shares were traded at around $27.48 with a P/E ratio of 30.9 and P/S ratio of 2.5. 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.

Reduced: 3m Company (MMM)

Arnold Van Den Berg reduced to his holdings in 3m Company by 29.68%. His sale prices were between $52.29 and $60.56, with an estimated average price of $57.1. The impact to his portfolio due to this sale was -1.21%. Arnold Van Den Berg still held 970,184 shares as of 06/30/2009.

3M Company is a diversified technology company with leading positions in consumer and office; display and graphics; electronics and telecommunications; health care; industrial; safety security and protection services; transportation and other businesses. They are an integrated enterprise characterized by substantial intercompany cooperation in research manufacturing and marketing of products. 3m Company has a market cap of $49.4 billion; its shares were traded at around $71.23 with a P/E ratio of 16.2 and P/S ratio of 1.9. The dividend yield of 3m Company stocks is 2.9%. 3m Company had an annual average earning growth of 9.6% over the past 10 years. GuruFocus rated 3m Company the business predictability rank of 2-star.

Sold Out: Bioscrip Inc. (BIOS)

Arnold Van Den Berg sold out his holdings in Bioscrip Inc.. His sale prices were between $2.29 and $5.91, with an estimated average price of $3.8.

BioScrip provides comprehensive pharmaceutical care solutions. We partner with healthcare payors pharmaceutical manufacturers government agencies physicians and patients to deliver cost effective programs that enhance the quality of patient life. We focus our products and services in two core areas: specialty medication distribution and clinical management services both nationally and community-based and pharmacy benefit management services. Bioscrip Inc. has a market cap of $256.9 million; its shares were traded at around $6.14 with a P/E ratio of 18 and P/S ratio of 0.2.

Sold Out: Quality Systems Inc. (QSII)

Arnold Van Den Berg sold out his holdings in Quality Systems Inc.. His sale prices were between $49.1 and $56.47, with an estimated average price of $52.

Quality Systems Inc. is one of the leading developers and providers of computer-based practice management systems for medical and dental group practices. Its two wholly-owned subsidiaries are Clinitec International Inc. and MicroMed Healthcare Information Systems Inc. Clinitec is a developer and provider of electronic medical records systems MicroMed provides enterprise practice management systems and services to the medicalmarketplace utilizing a Microsoft Windows based graphical user interface client/server platform. Quality Systems Inc. has a market cap of $1.52 billion; its shares were traded at around $53.3 with a P/E ratio of 32.5 and P/S ratio of 6.2. The dividend yield of Quality Systems Inc. stocks is 2.2%. Quality Systems Inc. had an annual average earning growth of 46.5% over the past 10 years. GuruFocus rated Quality Systems Inc. the business predictability rank of 4.5-star.

Sold Out: Rovi Corp. (ROVI)

Arnold Van Den Berg sold out his holdings in Rovi Corp.. His sale prices were between $18.91 and $23, with an estimated average price of $21.2.

Rovi Corp formerly Macrovision Solutions Corporation provides a set of solutions that enable businesses to protect enable and distribute their digital goods to consumers and allows consumers the ability to discover and manage digital media across multiple channels. The company is focused on revolutionizing the digital entertainment landscape by delivering solutions that enable consumers to intuitively discover new entertainment from many sources and locations. It also provides extensive entertainment discovery solutions for television movies music and photos to its customers in the consumer electronics cable and satellite entertainment and online distribution markets. Rovi Corporation is headquartered in Santa Clara California with numerous offices across the United States and around the world including Japan Hong Kong Luxembourg and the United Kingdom. Rovi Corp. has a market cap of $3.03 billion; its shares were traded at around $29.93 with a P/E ratio of 34.1 and P/S ratio of 9.2.

Sold Out: Bed Bath & Beyond Inc. (BBBY)

Arnold Van Den Berg sold out his holdings in Bed Bath & Beyond Inc.. His sale prices were between $27.11 and $31.37, with an estimated average price of $29.2.

Bed Bath & Beyond is a nationwide operator of `superstores` selling predominantly better quality domestics merchandise and home furnishings typically found in better department stores. The Company offers a wide assortment of merchandise at everyday low prices that are substantiallybelow regular department store prices and generally comparable to or belowdepartment store sale prices. The Company's domestics merchandise line includes items such as bed linens bath accessories and kitchen textiles and the company's home furnishings line. Bed Bath & Beyond Inc. has a market cap of $9.11 billion; its shares were traded at around $34.8 with a P/E ratio of 20.5 and P/S ratio of 1.2. Bed Bath & Beyond Inc. had an annual average earning growth of 24.1% over the past 10 years. GuruFocus rated Bed Bath & Beyond Inc. the business predictability rank of 4-star.

Sold Out: Asiainfo Holdings Inc. (ASIA)

Arnold Van Den Berg sold out his holdings in Asiainfo Holdings Inc.. His sale prices were between $16.07 and $21.38, with an estimated average price of $18.5.

AsiaInfo Holdings Inc. is a leading provider of Internet infrastructure total solutions and software in China one of the world's fastest growing Internet markets. The company offers telecommunications service providers in China total network solutions for their Internet infrastructure requirements and develops proprietary software for Internet serviceproviders Internet content providers and telecommunications service providers. (PRESS RELEASE) Asiainfo Holdings Inc. has a market cap of $793.8 million; its shares were traded at around $18.06 with a P/E ratio of 28.6 and P/S ratio of 4.5.

Sold Out: Allegiant Travel Company (ALGT)

Arnold Van Den Berg sold out his holdings in Allegiant Travel Company. His sale prices were between $35.82 and $52.72, with an estimated average price of $43.5.

Las Vegas-based ALLEGIANT TRAVEL COMPANY is focused on linking travelers in small cities to world-class leisure destinations such as Las Vegas Nev. Phoenix Ariz. Fort Lauderdale Fla. Orlando Fla. and Tampa/St. Petersburg Fla. Through its subsidiary Allegiant Air LLC the Company operates a low-cost high-efficiency all-jet passenger airline offering air travel both on a stand-alone basis and bundled with hotel rooms rental cars and other travel related services. Allegiant Travel Company has a market cap of $800.5 million; its shares were traded at around $39.59 with a P/E ratio of 10.7 and P/S ratio of 1.6.

Sold Out: Telecommunication Systems Inc. (TSYS)

Arnold Van Den Berg sold out his holdings in Telecommunication Systems Inc.. His sale prices were between $6.72 and $9.81, with an estimated average price of $7.9.

TeleCommunication Systems Inc. provides wireless network application software and services and communications engineering services. The company's communications engineering services include network design installation and operation network engineering and analysis and complex program management. Through its experience the company recognized the demand for network application software that provides for the delivery of Internet content short messages and enhanced data communications services to wireless devices including phones two-way pagers. Telecommunication Systems Inc. has a market cap of $349 million; its shares were traded at around $7.31 with a P/E ratio of 18.7 and P/S ratio of 1.6. Telecommunication Systems Inc. had an annual average earning growth of 40.7% over the past 5 years.

Sold Out: Vistaprint Ltd. (VPRT)

Arnold Van Den Berg sold out his holdings in Vistaprint Ltd.. His sale prices were between $29.98 and $43.25, with an estimated average price of $37.2.

VistaPrint is the leading online supplier of high-quality graphic design services and customized printed products to small businesses and consumers. It offers custom designed full-color low-cost printed products even in small quantities. It is the source for high-quality graphic design Internet printing and premium service. It also offers small businesses and consumers a convenient high-quality solution for graphic design services and full-color printing in small quantities without the premium price. Vistaprint Ltd. has a market cap of $1.76 billion; its shares were traded at around $41.7 with a P/E ratio of 33.2 and P/S ratio of 3.5.

Sold Out: Office Depot Inc. (ODP)

Arnold Van Den Berg sold out his holdings in Office Depot Inc.. His sale prices were between $1.88 and $5.06, with an estimated average price of $3.6.

Office Depot Inc. together with its subsidiaries is the one of the largest suppliers of office products and services in the world. The company sells to consumers and businesses of all sizes through its three business segments: Stores Business Services and International. As the largest seller of office products around the world the Company operates under the Office Depot Viking Office Products Viking Direct and 4Sure.com brand names. Office Depot Inc. has a market cap of $1.43 billion; its shares were traded at around $5.19 with and P/S ratio of 0.1. Office Depot Inc. had an annual average earning growth of 5.5% over the past 10 years.

Sold Out: Electronic Game Card Inc. (EGMI.OB)

Arnold Van Den Berg sold out his holdings in Electronic Game Card Inc.. His sale prices were between $0.61 and $1.34, with an estimated average price of $0.9.

with and P/S ratio of 19.69.

Sold Out: Giant Interactiv Ads (GA)

Arnold Van Den Berg sold out his holdings in Giant Interactiv Ads. His sale prices were between $7.38 and $9.3, with an estimated average price of $8.2.

Giant Interactive Group Inc. is one of China's leading online game developers and operators in terms of revenues focusing on massively multiplayer online role-playing games. Giant's game ZT Online was voted the most popular online game in China according the International Data Corporation. Giant has three additional online games that it intends to commercially launch including ZT Online PTP Giant Online and King of Kings III. Giant has built a nationwide distribution network to sell the prepaid game cards and game points required to play its games. Giant Interactiv Ads has a market cap of $1.72 billion; its shares were traded at around $7.62 with a P/E ratio of 12.8 and P/S ratio of 7.4. The dividend yield of Giant Interactiv Ads stocks is 2.3%.

Sold Out: W.w. Grainger Inc. (GWW)

Arnold Van Den Berg sold out his holdings in W.w. Grainger Inc.. His sale prices were between $75.33 and $83.38, with an estimated average price of $79.8.

Grainger offers a breadth of MRO solutions by combining products services and information. The company tailors its capabilities toward the objective of providing the lowest total cost MRO solution to select customer groups. The Branch-based Distribution Businesses serve immediate and/or planned purchase MRO needs. The Digital Businesses offer a broad array of indirect materials and related information to meet the needs of businesses looking to reduce process costs through Internet-enabled solutions. W.w. Grainger Inc. has a market cap of $6.47 billion; its shares were traded at around $88.38 with a P/E ratio of 15.4 and P/S ratio of 0.9. The dividend yield of W.w. Grainger Inc. stocks is 2.1%. W.w. Grainger Inc. had an annual average earning growth of 7.4% over the past 10 years. GuruFocus rated W.w. Grainger Inc. the business predictability rank of 2-star.

Sold Out: Kemet Corp. (KEME.OB)

Arnold Van Den Berg sold out his holdings in Kemet Corp.. His sale prices were between $0.34 and $0.8, with an estimated average price of $0.5.

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Sold Out: Buffalo Wild Wings Inc. (BWLD)

Arnold Van Den Berg sold out his holdings in Buffalo Wild Wings Inc.. His sale prices were between $32.5 and $41.84, with an estimated average price of $35.8.

Buffalo Wild Wing is an owner operator and franchisor of restaurants featuring a variety of boldly flavored made-to-order menu items including Buffalo New York-style chicken wings spun in one of their signature sauces. The widespread appeal of the Company's concept establishes its restaurants as an inviting neighborhood destination. Buffalo Wild Wings Inc. has a market cap of $677.6 million; its shares were traded at around $37.68 with a P/E ratio of 23.8 and P/S ratio of 1.6. Buffalo Wild Wings Inc. had an annual average earning growth of 27.6% over the past 5 years.

Sold Out: 3com Corp. (COMS)

Arnold Van Den Berg sold out his holdings in 3com Corp.. His sale prices were between $3.71 and $5.03, with an estimated average price of $4.3.

3Com simplifies how people connect to information and services through easy-to-use connectivity products and solutions for consumers and commercial organizations. The company also provides access infrastructures and Internet Protocol services platforms for network service providers. (Company Press Release) 3com Corp. has a market cap of $1.63 billion; its shares were traded at around $4.18 with a P/E ratio of 10 and P/S ratio of 1.2.

Sold Out: Corinthian Colleges Inc. (COCO)

Arnold Van Den Berg sold out his holdings in Corinthian Colleges Inc.. His sale prices were between $15.05 and $18.42, with an estimated average price of $16.1.

Corinthian Colleges Inc. is one of the largest post-secondary education companies in North America operating colleges in states in the U.S. and seven provinces in Canada. The Company's mission is to help students prepare for careers that are in demand or to advance in their chosen career. Corinthian offers diploma programs and associate's bachelor's and master's degrees in a variety of fields concentrating on careers in health care business criminal justice transportation maintenance trades and technology. Corinthian Colleges Inc. has a market cap of $1.45 billion; its shares were traded at around $16.61 with a P/E ratio of 25.5 and P/S ratio of 1.3. Corinthian Colleges Inc. had an annual average earning growth of 11% over the past 10 years.

Sold Out: Capstead Mortgage Corp. (CMO)

Arnold Van Den Berg sold out his holdings in Capstead Mortgage Corp.. His sale prices were between $10.6 and $12.7, with an estimated average price of $11.5.

CAPSTEAD MORTGAGE CORP. is a REIT which operates as a mortgage conduit purchasing and securitizing single-family residential mortgage loans. In addition Co. has a mortgage servicing unit that functions as the primary mortgage servicer for mortgage loans and mortgage servicing rights acquired by Co. Capstead Mortgage Corp. has a market cap of $874.2 million; its shares were traded at around $13.77 with a P/E ratio of 6.9 and P/S ratio of 2.1. The dividend yield of Capstead Mortgage Corp. stocks is 16.8%. Capstead Mortgage Corp. had an annual average earning growth of 9.7% over the past 5 years.

Sold Out: Mips Technologies Inc. (MIPS)

Arnold Van Den Berg sold out his holdings in Mips Technologies Inc.. His sale prices were between $2.89 and $3.89, with an estimated average price of $3.3.

MIPS Technologies Inc. is a leading designer and developer of RISC-basedhigh-performance 32- and 64-bit microprocessor intellectual property forembedded systems applications. The Company licenses its technology to its seven semiconductor partners: NEC Corporation Toshiba Corporation LSI Logic Corporation Philips Electronics N.V. Integrated Device Technology NKK Corporation and Quantum Effect Design Inc. These partners in turn design market and sell MIPS-based microprocessors to system OEMs. Mips Technologies Inc. has a market cap of $153.5 million; its shares were traded at around $3.41 with a P/E ratio of 12.5 and P/S ratio of 2.1.

Sold Out: Myr Group, Inc. (MYRG)

Arnold Van Den Berg sold out his holdings in Myr Group, Inc.. His sale prices were between $14.76 and $21.96, with an estimated average price of $17.9.

MYR GROUP INC. is a holding Company of specialty construction service providers. Through subsidiaries dating back to 1891 MYR is one of the largest national contractors servicing the transmission and distribution sector of the United States electric utility industry. Transmission and distribution customers include electric utilities cooperatives and municipalities. The Company also provides commercial and industrial electrical contracting services to facility owners and general contractors in the Western United States. MYR Group's comprehensive services include turn-key construction and maintenance services for the nation's electrical infrastructure. Myr Group, Inc. has a market cap of $420.9 million; its shares were traded at around $21.35 with a P/E ratio of 22.9 and P/S ratio of 0.7.

Sold Out: Netflix Inc. (NFLX)

Arnold Van Den Berg sold out his holdings in Netflix Inc.. His sale prices were between $37.84 and $48.83, with an estimated average price of $41.6.

Netflix Inc. is the largest online movie rental subscription service in the United States providing subscribers access to a comprehensive library of more than 18000 movie television and other filmed entertainment titles. The standard subscription plan allows subscribers to have three titles out at the same time with no due dates late fees or shipping charges for a monthly fee. Netflix Inc. has a market cap of $2.6 billion; its shares were traded at around $44.98 with a P/E ratio of 27.8 and P/S ratio of 1.9. Netflix Inc. had an annual average earning growth of 81.9% over the past 5 years.

Sold Out: Novell Inc. (NOVL)

Arnold Van Den Berg sold out his holdings in Novell Inc.. His sale prices were between $3.74 and $4.68, with an estimated average price of $4.1.

Novell Inc. delivers infrastructure software for the Open Enterprise. Novell is a leader in enterprise-wide operating systems based on Linux and open source and provides the enterprise management services required to operate mixed IT environments. Novell helps customers minimize cost complexity and risk allowing them to focus on innovation and growth. Novell Inc. has a market cap of $1.58 billion; its shares were traded at around $4.57 with a P/E ratio of 20.8 and P/S ratio of 1.6.

Sold Out: China Sky One Medical, Inc. (CSKI)

Arnold Van Den Berg sold out his holdings in China Sky One Medical, Inc.. His sale prices were between $12 and $17.25, with an estimated average price of $14.3.

CHINA SKY ONE MEDICAL Inc a Nevada corporation is a holding company whose principal operations are through its subsidiaries which are engaged in the manufacturing marketing and distribution of pharmaceutical medicinal and diagnostic kit products. Through its wholly-owned subsidiaries Harbin Tian Di Ren Medical Science and Technology Company (TDR) and Harbin First Bio-Engineering Company Limited (First) China Sky One Medical, Inc. has a market cap of $258.6 million; its shares were traded at around $15.6 with a P/E ratio of 7.6.

Sold Out: Oil States International Inc. (OIS)

Arnold Van Den Berg sold out his holdings in Oil States International Inc.. His sale prices were between $16.8 and $28.03, with an estimated average price of $22.5.

Oil States International Inc. is a diversified oilfield services company. With locations around the world Oil States is a leading manufacturer of products for deepwater production facilities and subsea pipelines and a leading supplier of a broad range of services to the oil and gas industry including production-related rental tools work force accommodations and logistics oil country tubular goods distribution and land drilling services. Oil States is organized in three business segments Offshore Products Tubular Services and Well Site Services. Oil States International Inc. has a market cap of $1.45 billion; its shares were traded at around $29.19 with a P/E ratio of 5.9 and P/S ratio of 0.5. Oil States International Inc. had an annual average earning growth of 44.3% over the past 5 years.

Sold Out: Opentv Corp. (OPTV)

Arnold Van Den Berg sold out his holdings in Opentv Corp.. His sale prices were between $1.3 and $1.75, with an estimated average price of $1.5.

OpenTV Corp. is a leading worldwide provider of software that enables digital interactive television. The digital interactive solution enhances a television viewer's experience without changing viewing habits and provides a rich audio and video television environment for enhancedapplications such as e-commerce. Using a standard remote control viewers can access real-time statistics buy team merchandise and purchasetickets while watching a sporting event purchase compact discs and learn more about recording artists while watching music videos. Opentv Corp. has a market cap of $178.2 million; its shares were traded at around $1.29 with a P/E ratio of 25.8 and P/S ratio of 1.5.

Sold Out: Clicksoftware Technologies Ltd. (CKSW)

Arnold Van Den Berg sold out his holdings in Clicksoftware Technologies Ltd.. His sale prices were between $3.35 and $6.07, with an estimated average price of $4.4.

ClickSoftware is the leading provider of end-to-end service optimizationsolutions that maximize service revenue and customer responsiveness whileminimizing costs. ClickSoftware's ServiceOptimization Suite includesaccurate workload forecasting strategic and tactical workforce planningoptimized service scheduling intelligent problem resolution wirelessworkforce management and business analytics connecting all organizationallevels and all functions. The company is headquartered in Burlington MA and Israel with offices in North America Europe and Asia Pacific. Clicksoftware Technologies Ltd. has a market cap of $204.7 million; its shares were traded at around $7.06 with a P/E ratio of 19.6 and P/S ratio of 3.9.

Sold Out: Diamonds (DIA)

Arnold Van Den Berg sold out his holdings in Diamonds. His sale prices were between $80.11 and $87.89, with an estimated average price of $83.5.

Diamonds Trust is a unit investment trust. The Trust was created to provide investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities consisting of substantially all of the component common stocks which comprise the Dow Jones Industrial Average. Diamonds has a market cap of $7.7 billion; its shares were traded at around $93.79 . The dividend yield of Diamonds stocks is 1.7%.




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