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Richard Snow Buys Citigroup Inc., Safeway Inc., Eaton Corp., Lifepoint Hospitals Inc., Sells Chesapeake Energy Corp., Western Digital Corp.

Barel Karsan

Richard Snow had a bad 2008 because he invested heavily in financials. He is doing well this year for the same reason. He has been buying, bought a lot in the third quarter. This is the Q3 portfolio update of Snow Capital Management.

Richard Snow buys Safeway Inc., Eaton Corp., Lifepoint Hospitals Inc., Ingersollrand Company Ltd., Gamestop Corp., Microsoft Corp., Citigroup Inc., Key Energy Services Inc., Momenta Pharmaceuticals Inc., International Business Machines Corp, Johnson & Johnson, sells Chesapeake Energy Corp., Western Digital Corp. during the 3-months ended 09/30/2009, according to the most recent filings of his investment company, Snow Capital Management, L.P.. Richard Snow owns 91 stocks with a total value of $2.5 billion. These are the details of the buys and sells.

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

This is the sector weightings of his portfolio:

Financials 32.1%
Health Care 17.9%
Oil & Gas 15.4%
Consumer Services 13.3%
Industrials 12.7%
Basic Materials 5%
Technology 2.9%
Consumer Goods 0.1%
Telecommunications 0.1%


These are the top 5 holdings of Richard Snow

  1. JPMorgan Chase & Co. (JPM) - 2,342,799 shares, 4.16% of the total portfolio
  2. Bank Of America Corp. (BAC) - 5,838,120 shares, 4% of the total portfolio
  3. Community Health Systems Inc. (CYH) - 2,899,605 shares, 3.75% of the total portfolio
  4. The Gap Inc. (GPS) - 4,174,102 shares, 3.62% of the total portfolio
  5. XL Capital Ltd (XL) - 4,938,666 shares, 3.49% of the total portfolio


Added: Lowe's Companies Inc. (LOW)

Richard Snow added to his holdings in Lowe's Companies Inc. by 4048.01%. His purchase prices were between $18.63 and $23.85, with an estimated average price of $21.22. The impact to his portfolio due to this purchase was 1.54%. His holdings were 1,866,605 shares as of 09/30/2009.

Lowe's Companies Inc. is a retailer of home improvement products in the world with specific emphasis on retail do-it-yourself and commercial business customers. Lowe's specializes in offering products and services for home improvement home decor home maintenance home repair and remodeling and maintenance of commercial buildings. Lowe's principal customer groups are do-it-yourself retail customers and commercial business customers. Lowe's Companies Inc. has a market cap of $29.64 billion; its shares were traded at around $20.07 with a P/E ratio of 15.5 and P/S ratio of 0.6. The dividend yield of Lowe's Companies Inc. stocks is 1.7%. Lowe's Companies Inc. had an annual average earning growth of 21.4% over the past 10 years. GuruFocus rated Lowe's Companies Inc. the business predictability rank of 5-star.

Added: Macy's Inc. (M)

Richard Snow added to his holdings in Macy's Inc. by 292.37%. His purchase prices were between $10.61 and $18.77, with an estimated average price of $14.63. The impact to his portfolio due to this purchase was 1.32%. His holdings were 2,394,568 shares as of 09/30/2009.

Federated Department Stores through its subsidiaries is one of the leading operators of full-line department stores in the United States. The Company's subsidiaries operate department stores under the names Bloomingdale's The Bon Marche Burdines Goldsmith's Lazarus Macy's Rich's and Stern's. These department stores sell a wide range of merchandise including men's women's and children's apparel and accessories cosmetics home furnishings and other consumer goods. Macy's Inc. has a market cap of $7.58 billion; its shares were traded at around $18.02 with a P/E ratio of 17.7 and P/S ratio of 0.3. The dividend yield of Macy's Inc. stocks is 1.1%. Macy's Inc. had an annual average earning growth of 2.6% over the past 10 years. GuruFocus rated Macy's Inc. the business predictability rank of 2-star.

Added: American Eagle Outfitters Inc. (AEO)

Richard Snow added to his holdings in American Eagle Outfitters Inc. by 114.01%. His purchase prices were between $12.8 and $17.11, with an estimated average price of $14.74. The impact to his portfolio due to this purchase was 1.12%. His holdings were 3,082,952 shares as of 09/30/2009.

American Eagle Outfitters is a specialty retailer of all-American casual apparel accessories and footwear for men and women between the ages of 16 and 34. The company sources designs and markets a versatile line of timeless and relaxed clothing classics like jeans khakis and T-shirts under its American Eagle Outfitters and AE brand names for exclusive sale in its stores. The company is focused on several core brand and merchandising strategies to differentiate the company from competition improve profitability and increase sales. American Eagle Outfitters Inc. has a market cap of $3.27 billion; its shares were traded at around $15.79 with a P/E ratio of 22.3 and P/S ratio of 1.1. The dividend yield of American Eagle Outfitters Inc. stocks is 2.5%. American Eagle Outfitters Inc. had an annual average earning growth of 27.6% over the past 10 years. GuruFocus rated American Eagle Outfitters Inc. the business predictability rank of 4.5-star.

Added: Omnicare Inc. (OCR)

Richard Snow added to his holdings in Omnicare Inc. by 12.89%. His purchase prices were between $22.68 and $27.23, with an estimated average price of $24.18. The impact to his portfolio due to this purchase was 0.23%. His holdings were 2,172,326 shares as of 09/30/2009.

Omnicare Inc. a Fortune five hundred company based in Covington Kentucky is a leading provider of pharmaceutical care for the elderly. Omnicare serves residents in long-term care facilities and other chronic care settings comprising beds in fourteen states the District of Columbia and Canada. Omnicare is the largest U.S. provider of professional pharmacy related consulting and data management services for skilled nursing assisted living and other institutional healthcare providers as well as for hospice patients in homecare and other settings. Omnicare's pharmacy services also include distribution and patient assistance services for specialty pharmaceuticals. Omnicare offers clinical research services for the pharmaceutical and biotechnology industries in thirty countries worldwide. Omnicare Inc. has a market cap of $2.61 billion; its shares were traded at around $21.83 with a P/E ratio of 8.5 and P/S ratio of 0.4. The dividend yield of Omnicare Inc. stocks is 0.4%. Omnicare Inc. had an annual average earning growth of 13.2% over the past 10 years. GuruFocus rated Omnicare Inc. the business predictability rank of 4-star.

Added: Wesco International Inc. (WCC)

Richard Snow added to his holdings in Wesco International Inc. by 5.99%. His purchase prices were between $22.05 and $29.57, with an estimated average price of $25.13. The impact to his portfolio due to this purchase was 0.16%. His holdings were 2,376,987 shares as of 09/30/2009.

Wesco International Inc. is a leading provider of electrical products and other industrial MRO supplies and services in North America. The company is also a provider of Integrated Supply services. Their Integrated Supply solutions and outsourcing services fulfill all of a customer's industrial MRO procurement needs through a highly automated proprietary electronic procurement and inventory replenishment system. Wesco International Inc. has a market cap of $1.14 billion; its shares were traded at around $26.94 with a P/E ratio of 9.1 and P/S ratio of 0.2. Wesco International Inc. had an annual average earning growth of 40.2% over the past 5 years.

Added: Allstate Corp. The (ALL)

Richard Snow added to his holdings in Allstate Corp. The by 4.31%. His purchase prices were between $23.08 and $30.94, with an estimated average price of $27.42. The impact to his portfolio due to this purchase was 0.13%. His holdings were 2,453,766 shares as of 09/30/2009.

Allstate Corporation's business is conducted principally throughAllstate Insurance Company Allstate Life Insurance Company and theirsubsidiaries. Allstate is engaged principally in the United States and Canada in the personal property and casualty insurance business and the life insurance and savings business. Allstate has four businesssegments: personal property and casualty; life and savings; discontinued lines and coverages; and corporate and other business. Allstate Corp. The has a market cap of $15.58 billion; its shares were traded at around $29.05 with a P/E ratio of 14.3 and P/S ratio of 0.5. The dividend yield of Allstate Corp. The stocks is 2.8%. Allstate Corp. The had an annual average earning growth of 21.1% over the past 10 years.

Added: Pattersonuti Energy Inc. (PTEN)

Richard Snow added to his holdings in Pattersonuti Energy Inc. by 4.6%. His purchase prices were between $11.63 and $15.31, with an estimated average price of $14. The impact to his portfolio due to this purchase was 0.12%. His holdings were 4,324,208 shares as of 09/30/2009.

Patterson is one of the leading providers of domestic land drillingservices to major & independent oil & natural gas companies. The Company focuses its operations in Texas & southeast New Mexico. The Company currently has a drilling fleet of 114 drilling rigs 108 of which are currently operable. The Company is also engaged in the development exploration acquisition & production of oil and natural gas; however due to the substantial growth in the Company's drilling contract operations the oil & natural gas operations are no longer material to the Company's overall operations. Pattersonuti Energy Inc. has a market cap of $2.47 billion; its shares were traded at around $16.07 with a P/E ratio of 31.5 and P/S ratio of 1.1. The dividend yield of Pattersonuti Energy Inc. stocks is 1.3%. Pattersonuti Energy Inc. had an annual average earning growth of 26% over the past 10 years. GuruFocus rated Pattersonuti Energy Inc. the business predictability rank of 2-star.

Added: Prudential Financial Inc. (PRU)

Richard Snow added to his holdings in Prudential Financial Inc. by 11.39%. His purchase prices were between $33.28 and $54.02, with an estimated average price of $45.29. The impact to his portfolio due to this purchase was 0.12%. His holdings were 587,924 shares as of 09/30/2009.

Prudential Financial Inc. is one of the largest financial services institutions in the United States. They provide a wide range of insurance investment management and other financial products and services. The Prudential name and `Rock` logo are among the most widely recognized in the United States. They conduct their principal businesses through four divisions: U.S. Consumer Employee Benefits International and Asset Management. They also conduct other activities in Corporate and Other operations. Prudential Financial Inc. has a market cap of $20.58 billion; its shares were traded at around $44.64 with a P/E ratio of 27.3 and P/S ratio of 0.8. The dividend yield of Prudential Financial Inc. stocks is 1.4%. Prudential Financial Inc. had an annual average earning growth of 3.6% over the past 5 years.

Added: Pfizer Inc (PFE)

Richard Snow added to his holdings in Pfizer Inc by 4.37%. His purchase prices were between $14.2 and $16.86, with an estimated average price of $15.95. The impact to his portfolio due to this purchase was 0.11%. His holdings were 4,036,380 shares as of 09/30/2009.

Pfizer Inc is a research-based global pharmaceutical company that discovers and develops innovative value-added products that improve the quality of life of people around the world and help them enjoy longer healthier and more productive lives. Pfizer has three business segments: health care animal health and consumer health care. Its products are available in numerous countries. (Company Press Release) Pfizer Inc has a market cap of $114.87 billion; its shares were traded at around $17.02 with a P/E ratio of 7.8 and P/S ratio of 2.4. The dividend yield of Pfizer Inc stocks is 3.8%. Pfizer Inc had an annual average earning growth of 11% over the past 10 years. GuruFocus rated Pfizer Inc the business predictability rank of 2.5-star.

Added: Conocophillips (COP)

Richard Snow added to his holdings in Conocophillips by 5.85%. His purchase prices were between $39.44 and $46.8, with an estimated average price of $43.99. The impact to his portfolio due to this purchase was 0.11%. His holdings were 1,129,498 shares as of 09/30/2009.

ConocoPhillips is a major international integrated energy company with operations in some 49 countries. Conocophillips has a market cap of $77.04 billion; its shares were traded at around $51.95 with a P/E ratio of 14 and P/S ratio of 0.3. The dividend yield of Conocophillips stocks is 3.8%. Conocophillips had an annual average earning growth of 19% over the past 10 years.

Added: The Pnc Financial Services Group Inc. (PNC)

Richard Snow added to his holdings in The Pnc Financial Services Group Inc. by 10.84%. His purchase prices were between $34.17 and $47.99, with an estimated average price of $40.44. The impact to his portfolio due to this purchase was 0.1%. His holdings were 536,507 shares as of 09/30/2009.

The PNC Financial Services Group Inc. is one of the nation's largest diversified financial services organizations providing regional banking corporate banking real estate finance asset-based lending wealth management asset management and global fund services. (Company Press Release) The Pnc Financial Services Group Inc. has a market cap of $24.28 billion; its shares were traded at around $52.62 with a P/E ratio of 19.6 and P/S ratio of 3.4. The dividend yield of The Pnc Financial Services Group Inc. stocks is 0.8%. The Pnc Financial Services Group Inc. had an annual average earning growth of 0.7% over the past 10 years.

Added: The Men's Wearhouse Inc. (MW)

Richard Snow added to his holdings in The Men's Wearhouse Inc. by 101.69%. His purchase prices were between $17.06 and $27.51, with an estimated average price of $22.74. The impact to his portfolio due to this purchase was 0.06%. His holdings were 119,000 shares as of 09/30/2009.

Men's Wearhouse Inc. is one of the largest specialty retailers of menswear in the United States and Canada. Under the Men's Wearhouse brand the company targets middle and upper middle income men by offering quality merchandise at everyday low prices. In addition to value Men's Wearhouse Inc. provides a superior level of customer service. The Men's Wearhouse Inc. has a market cap of $1.18 billion; its shares were traded at around $22.6 with a P/E ratio of 20.8 and P/S ratio of 0.6. The dividend yield of The Men's Wearhouse Inc. stocks is 1.2%. The Men's Wearhouse Inc. had an annual average earning growth of 12.8% over the past 10 years.

Added: Newmont Mining Corp. (NEM)

Richard Snow added to his holdings in Newmont Mining Corp. by 285.71%. His purchase prices were between $37.89 and $46.53, with an estimated average price of $41.68. The impact to his portfolio due to this purchase was 0.04%. His holdings were 27,000 shares as of 09/30/2009.

Newmont Mining Corp. is engaged in the production of gold the exploration for gold and the acquisition and development of gold properties worldwide. The company produces gold from mines in Nevada and California and outside of the United States from operations in Peru Indonesia Mexico and Uzbekistan. Newmont Mining Corp. has a market cap of $22.67 billion; its shares were traded at around $47.25 with a P/E ratio of 24.6 and P/S ratio of 3.7. The dividend yield of Newmont Mining Corp. stocks is 0.8%. Newmont Mining Corp. had an annual average earning growth of 4.5% over the past 10 years.

Added: The Hartford Financial Services Group In (HIG)

Richard Snow added to his holdings in The Hartford Financial Services Group In by 288.1%. His purchase prices were between $10.18 and $28.62, with an estimated average price of $18.92. The impact to his portfolio due to this purchase was 0.04%. His holdings were 58,215 shares as of 09/30/2009.

Hartford Financial Services is one of the nation's largest investment and insurance companies offers a complete line of insurance and financial service products to customers all over the world. The company is a provider of automobile and homeowners coverages; commercial property and casualty insurance; reinsurance; and a variety of life insurance investment products employee benefits group retirement plans and institutional liability funding products. The Hartford Financial Services Group In has a market cap of $7.92 billion; its shares were traded at around $24.12 with and P/S ratio of 0.9. The dividend yield of The Hartford Financial Services Group In stocks is 0.8%. The Hartford Financial Services Group In had an annual average earning growth of 7.2% over the past 10 years.

Added: Pacer International Inc. (PACR)

Richard Snow added to his holdings in Pacer International Inc. by 189.39%. His purchase prices were between $1.74 and $4.27, with an estimated average price of $3.09. The impact to his portfolio due to this purchase was 0.01%. His holdings were 76,400 shares as of 09/30/2009.

Pacer International Inc. is a leading North American non-asset based logistics provider offers logistics and other services to facilitate the movement of freight from origin to destination. Its services include retail intermodal marketing trucking freight consolidation and handling international freight forwarding and supply-chain management services and wholesale stacktrain services (two-tiered rail transportation for containerized shipments). Pacer International is headquartered in Concord California. Pacer International Inc. has a market cap of $131.6 million; its shares were traded at around $3.77 with a P/E ratio of 29.1. Pacer International Inc. had an annual average earning growth of 7.5% over the past 5 years.

New Purchase: Safeway Inc. (SWY)

Richard Snow initiated holdings in Safeway Inc.. His purchase prices were between $18.35 and $20.2, with an estimated average price of $19.28. The impact to his portfolio due to this purchase was 1.01%. His holdings were 1,269,445 shares as of 09/30/2009.

Safeway Inc. is a food and drug retailer in North America. The company operates stores under a variety of names including Vons Dominick's and Randalls/Tom Thumb. The company's stores can be found throughout the Western Southwestern Rocky Mountain Midwestern and Mid-Atlantic regions of the United States and in western Canada. In support of its stores Safeway has an extensive network of distribution manufacturing and food processing facilities. Safeway Inc. has a market cap of $9.45 billion; its shares were traded at around $22.68 with a P/E ratio of 12.2 and P/S ratio of 0.2. The dividend yield of Safeway Inc. stocks is 1.8%. Safeway Inc. had an annual average earning growth of 9.8% over the past 5 years.

New Purchase: Eaton Corp. (ETN)

Richard Snow initiated holdings in Eaton Corp.. His purchase prices were between $40.82 and $59.94, with an estimated average price of $52.3. The impact to his portfolio due to this purchase was 0.98%. His holdings were 426,865 shares as of 09/30/2009.

Eaton Corporation is a global diversified industrial manufacturer. Eaton is one of the leaders in fluid power systems electrical power quality and controls automotive air management and fuel economy and intelligent truck components for fuel economy and safety. Eaton Corp. has a market cap of $10.68 billion; its shares were traded at around $64.52 with a P/E ratio of 28.1 and P/S ratio of 0.7. The dividend yield of Eaton Corp. stocks is 3%. Eaton Corp. had an annual average earning growth of 7.4% over the past 10 years.

New Purchase: Lifepoint Hospitals Inc. (LPNT)

Richard Snow initiated holdings in Lifepoint Hospitals Inc.. His purchase prices were between $24.22 and $29.05, with an estimated average price of $26.14. The impact to his portfolio due to this purchase was 0.84%. His holdings were 763,334 shares as of 09/30/2009.

LifePoint Hospitals Inc. is engaged in the operation of general acute care hospitals in non-urban communities. The company's general acute care hospitals usually provide the range of medical and surgical services commonly available in hospitals in non-urban markets. These hospitals also provide diagnostic and emergency services as well as outpatient and ancillary services including outpatient surgery laboratory radiology respiratory therapy and physical therapy. Lifepoint Hospitals Inc. has a market cap of $1.59 billion; its shares were traded at around $29 with a P/E ratio of 11.5 and P/S ratio of 0.6. Lifepoint Hospitals Inc. had an annual average earning growth of 10.1% over the past 5 years.

New Purchase: Ingersollrand Company Ltd. (IR)

Richard Snow initiated holdings in Ingersollrand Company Ltd.. His purchase prices were between $19.76 and $32.37, with an estimated average price of $27.92. The impact to his portfolio due to this purchase was 0.17%. His holdings were 138,760 shares as of 09/30/2009.

Ingersoll Rand Company is one of the leading providers of security and safety climate control industrial productivity and infrastructure products. In each of these markets the company offers a diverse productportfolio that includes well-recognized industrial and commercial brands. Ingersollrand Company Ltd. has a market cap of $10.75 billion; its shares were traded at around $33.67 with a P/E ratio of 19.9 and P/S ratio of 0.8. The dividend yield of Ingersollrand Company Ltd. stocks is 0.9%. Ingersollrand Company Ltd. had an annual average earning growth of 4.6% over the past 10 years.

New Purchase: Gamestop Corp. (GME)

Richard Snow initiated holdings in Gamestop Corp.. His purchase prices were between $20.44 and $26.79, with an estimated average price of $23.77. The impact to his portfolio due to this purchase was 0.11%. His holdings were 106,200 shares as of 09/30/2009.

GameStop Corp. is the world's largest video game and entertainment software retailer. The company operates 4816 retail stores across the United States and in fifteen countries worldwide. The company also operates two e-commerce sites GameStop.com and EBgames.com and publishes Game Informer? magazine a leading multi-platform video game publication. GameStop Corp. sells new and used video game software hardware and accessories for next generation video game systems from Sony Nintendo and Microsoft. In addition the company sells PC entertainment software related accessories and other merchandise. Gamestop Corp. has a market cap of $3.98 billion; its shares were traded at around $24.19 with a P/E ratio of 10.2 and P/S ratio of 0.4. Gamestop Corp. had an annual average earning growth of 11.2% over the past 5 years.

New Purchase: Citigroup Inc. (C)

Richard Snow initiated holdings in Citigroup Inc.. His purchase prices were between $2.59 and $5.23, with an estimated average price of $3.85. The impact to his portfolio due to this purchase was 0.04%. His holdings were 200,000 shares as of 09/30/2009.

Citigroup Inc. the leading global financial services company has some two hundred million customer accounts and does business in more than hundred countries providing consumers corporations governments and institutions with a broad range of financial products and services including consumer banking and credit corporate and investment banking securities brokerage and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank CitiFinancial Primerica Smith Barney and Banamex. Citigroup Inc. has a market cap of $92.83 billion; its shares were traded at around $4.06 with and P/S ratio of 1.7. Citigroup Inc. had an annual average earning growth of 5.1% over the past 10 years.

New Purchase: Microsoft Corp. (MSFT)

Richard Snow initiated holdings in Microsoft Corp.. His purchase prices were between $22.39 and $25.94, with an estimated average price of $24.17. The impact to his portfolio due to this purchase was 0.04%. His holdings were 40,165 shares as of 09/30/2009.

Microsoft develops manufactures licenses and supports a wide range of software products for a multitude of computing devices. Microsoft software includes scalable operating systems for servers personal computers and intelligent devices; server applications for client/server environments; knowledge worker productivity applications; and software development tools. The Company's online efforts include the MSN network of Internet products and services and alliances with companies involved with broadband access and various forms of digital interactivity. Microsoft Corp. has a market cap of $254.18 billion; its shares were traded at around $28.47 with a P/E ratio of 17.6 and P/S ratio of 4.4. The dividend yield of Microsoft Corp. stocks is 1.9%. Microsoft Corp. had an annual average earning growth of 10% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 4-star.

New Purchase: Key Energy Services Inc. (KEG)

Richard Snow initiated holdings in Key Energy Services Inc.. His purchase prices were between $5.09 and $9.1, with an estimated average price of $6.98. The impact to his portfolio due to this purchase was 0.02%. His holdings were 63,075 shares as of 09/30/2009.

Key Energy Services Inc. is one of the largest providers of onshore oil and gas well services in the United States and Argentina. The company generally provides a full range of maintenance and workover services to major and independent oil and gas companies in all of its operating regions. In addition to maintenance and workover services they also provide services which include the completion of newly drilled wells the recompletion of existing wells and the plugging and abandonment of wells at the end of their useful lives. Key Energy Services Inc. has a market cap of $971.3 million; its shares were traded at around $7.83 with and P/S ratio of 0.5.

New Purchase: Momenta Pharmaceuticals Inc. (MNTA)

Richard Snow initiated holdings in Momenta Pharmaceuticals Inc.. His purchase prices were between $9.51 and $11.85, with an estimated average price of $10.65. The impact to his portfolio due to this purchase was 0.01%. His holdings were 12,724 shares as of 09/30/2009.

Momenta Pharmaceuticals Inc. is a biotechnology company specializing in the detailed structural analysis and design of complex sugars for the development of improved versions of existing drugs the development of novel drugs and the discovery of new biological processes. Momenta is also utilizing its ability to sequence sugars to create technology-enabled generic products. Momenta Pharmaceuticals Inc. has a market cap of $437.2 million; its shares were traded at around $9.96 with and P/S ratio of 29.9.

New Purchase: International Business Machines Corp (IBM)

Richard Snow initiated holdings in International Business Machines Corp. His purchase prices were between $100.19 and $122.11, with an estimated average price of $115.94. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,900 shares as of 09/30/2009.

IBM uses advanced information technology to provide customer solutions. The company operates primarily in a single industry using several segments that create value by offering a variety of solutions that include either singularly or in some combination technologies systems products services software and financing. Organizationally the company's major operations comprise three hardware product segments--Technology Personal Systems and Enterprise Systems; a Global Services segment; a Software segment; a Global Financing segment and an Enterprise Investments segment. International Business Machines Corp has a market cap of $161.37 billion; its shares were traded at around $123.1 with a P/E ratio of 12.7 and P/S ratio of 1.5. The dividend yield of International Business Machines Corp stocks is 1.8%. International Business Machines Corp had an annual average earning growth of 4.9% over the past 10 years.

New Purchase: Johnson & Johnson (JNJ)

Richard Snow initiated holdings in Johnson & Johnson. His purchase prices were between $55.97 and $61.79, with an estimated average price of $59.99. The impact to his portfolio due to this purchase was 0.01%. His holdings were 3,800 shares as of 09/30/2009.

Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. The company's worldwide business is divided into three segments: Consumer; Pharmaceutical; and Professional. Johnson & Johnson has a market cap of $165.3 billion; its shares were traded at around $59.98 with a P/E ratio of 13.2 and P/S ratio of 2.6. The dividend yield of Johnson & Johnson stocks is 3.3%. Johnson & Johnson had an annual average earning growth of 12.5% over the past 10 years. GuruFocus rated Johnson & Johnson the business predictability rank of 4.5-star.

Reduced: Health Management Associates Inc. (HMA)

Richard Snow reduced to his holdings in Health Management Associates Inc. by 38.06%. His sale prices were between $4.8 and $7.93, with an estimated average price of $6.36. The impact to his portfolio due to this sale was less than 0.01%. Richard Snow still held 10,455 shares as of 09/30/2009.

Health Management Associates Inc. provides a broad range of general acute care health services in non-urban communities. The Company pursues a business strategy of efficiently and profitably operating its existing base of facilities and selectively acquiring additional 100 to 300 bed acute care hospitals located in non-urban communities in market areas of 40000 to 300000 people in the southeastern and southwestern UnitedStates. Health Management Associates Inc. has a market cap of $1.51 billion; its shares were traded at around $6.14 with a P/E ratio of 13.6 and P/S ratio of 0.3. Health Management Associates Inc. had an annual average earning growth of 25.2% over the past 10 years. GuruFocus rated Health Management Associates Inc. the business predictability rank of 3.5-star.

Reduced: Starbucks Corp. (SBUX)

Richard Snow reduced to his holdings in Starbucks Corp. by 42.86%. His sale prices were between $12.97 and $20.76, with an estimated average price of $17.93. The impact to his portfolio due to this sale was -0.01%. Richard Snow still held 20,000 shares as of 09/30/2009.

Starbucks Corporation purchases and roasts high-quality whole bean coffees and sells them along with fresh rich-brewed Italian style espresso beverages a variety of pastries and confections and coffee-related equipments primarily through its company-operated retail stores. In addition to sales through its company-operated retail stores Starbucks sells whole bean coffees through a specialty sales group and supermarkets. Additionally Starbucks produces and sells bottled Frappuccino coffee drink and a line of premium ice creams through its joint venture partnerships and offers a line of innovative premium teas produced by its wholly owned subsidiary Tazo Tea Company. The company's objective is to establish Starbucks as the most recognized and respected brand in the world. Starbucks Corp. has a market cap of $14.52 billion; its shares were traded at around $19.7 with a P/E ratio of 30.4 and P/S ratio of 1.4. Starbucks Corp. had an annual average earning growth of 24.4% over the past 10 years. GuruFocus rated Starbucks Corp. the business predictability rank of 5-star.

Reduced: Rehabcare Group Inc. (RHB)

Richard Snow reduced to his holdings in Rehabcare Group Inc. by 82.59%. His sale prices were between $20.63 and $25.65, with an estimated average price of $22.79. The impact to his portfolio due to this sale was -0.02%. Richard Snow still held 31,370 shares as of 09/30/2009.

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 $462.9 million; its shares were traded at around $25.09 with a P/E ratio of 16.1 and P/S ratio of 0.6.

Reduced: Christopher & Banks Corp. (CBK)

Richard Snow reduced to his holdings in Christopher & Banks Corp. by 74.16%. His sale prices were between $5.64 and $8.64, with an estimated average price of $7.23. The impact to his portfolio due to this sale was -0.02%. Richard Snow still held 125,000 shares as of 09/30/2009.

Christopher & Banks Corporation is a Minneapolis-based specialty retailer of women's clothing providing exclusive fashions under the Christopher & Banks and C.J. Banks labels. Currently the Company operates 351 stores in 30 states located primarily in the northern half of the United States. Christopher & Banks Corp. has a market cap of $242.9 million; its shares were traded at around $6.76 with and P/S ratio of 0.4. The dividend yield of Christopher & Banks Corp. stocks is 3.6%. Christopher & Banks Corp. had an annual average earning growth of 17.7% over the past 10 years.

Reduced: Annaly Capital Management Inc. (NLY)

Richard Snow reduced to his holdings in Annaly Capital Management Inc. by 61.11%. His sale prices were between $15.07 and $19.67, with an estimated average price of $17.05. The impact to his portfolio due to this sale was -0.03%. Richard Snow still held 70,000 shares as of 09/30/2009.

Annaly Mortgage Management Inc. specializes in investing in Mortgage-Backed Securities. Its principal business objective is to generate net income for distribution to stockholders from the spread between the interest income on its Mortgage-Backed Securities and the costs of borrowing to finance its acquisition of Mortgage-Backed Securities. The Company has elected to be taxed as a Real Estate Investment Trust and is self-advised and self-managed. Annaly Capital Management Inc. has a market cap of $9.37 billion; its shares were traded at around $17.21 with a P/E ratio of 7.4 and P/S ratio of 3.9. The dividend yield of Annaly Capital Management Inc. stocks is 16%. Annaly Capital Management Inc. had an annual average earning growth of 15.2% over the past 5 years.

Reduced: Goldman Sachs Group Inc. The (GS)

Richard Snow reduced to his holdings in Goldman Sachs Group Inc. The by 27.42%. His sale prices were between $138.55 and $185.52, with an estimated average price of $163.8. The impact to his portfolio due to this sale was -0.03%. Richard Snow still held 14,608 shares as of 09/30/2009.

Goldman Sachs is a global investment banking and securities firm providing a full range of investing advisory and financing services worldwide to a substantial and diversified client base which includes corporations financial institutions governments and high net worth individuals. (Company Press Release) Goldman Sachs Group Inc. The has a market cap of $88.65 billion; its shares were traded at around $173.4 with a P/E ratio of 20.2 and P/S ratio of 1.6. The dividend yield of Goldman Sachs Group Inc. The stocks is 0.8%. Goldman Sachs Group Inc. The had an annual average earning growth of 24.5% over the past 10 years.

Reduced: Aspen Insurance Holdings Ltd. (AHL)

Richard Snow reduced to his holdings in Aspen Insurance Holdings Ltd. by 22.55%. His sale prices were between $22.88 and $27.38, with an estimated average price of $25.14. The impact to his portfolio due to this sale was -0.03%. Richard Snow still held 107,874 shares as of 09/30/2009.

Aspen Insurance Holdings is a Bermudian holding company that provides property and casualty reinsurance in the global market property and liability insurance principally in the United Kingdom and surplus lines insurance in the United States. Aspen's operations are conducted through its wholly-owned subsidiaries located in London Bermuda and the United States: Aspen Insurance UK Limited Aspen Insurance Limited and Aspen Specialty Insurance Company. Aspen Insurance Holdings Ltd. has a market cap of $2.24 billion; its shares were traded at around $26.92 with a P/E ratio of 7 and P/S ratio of 1.1. The dividend yield of Aspen Insurance Holdings Ltd. stocks is 2.2%.

Reduced: Axis Capital Holdings Ltd. (AXS)

Richard Snow reduced to his holdings in Axis Capital Holdings Ltd. by 72.27%. His sale prices were between $25.53 and $30.76, with an estimated average price of $28.76. The impact to his portfolio due to this sale was -0.04%. Richard Snow still held 51,810 shares as of 09/30/2009.

AXIS Capital Holdings Limited is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance. Axis Capital Holdings Ltd. has a market cap of $4.22 billion; its shares were traded at around $29.67 with a P/E ratio of 14.5 and P/S ratio of 1.5. The dividend yield of Axis Capital Holdings Ltd. stocks is 2.7%. Axis Capital Holdings Ltd. had an annual average earning growth of 18.7% over the past 5 years.

Reduced: Brinker International Inc. (EAT)

Richard Snow reduced to his holdings in Brinker International Inc. by 61.26%. His sale prices were between $13.79 and $18.33, with an estimated average price of $15.67. The impact to his portfolio due to this sale was -0.18%. Richard Snow still held 478,487 shares as of 09/30/2009.

Brinker International either owns operates franchises or is involved in the ownership of restaurants under the names Chili's Grill & Bar Romano's Macaroni Grill On The Border Mexican Grill & Cantina Maggiano's Little Italy Cozymel's Coastal Grill Corner Bakery Cafe Big Bowl Asian Kitchen and Rockfish Seafood Grill. Brinker International Inc. has a market cap of $1.38 billion; its shares were traded at around $13.54 with a P/E ratio of 9.6 and P/S ratio of 0.4. The dividend yield of Brinker International Inc. stocks is 3.3%. Brinker International Inc. had an annual average earning growth of 13.4% over the past 10 years. GuruFocus rated Brinker International Inc. the business predictability rank of 4.5-star.

Reduced: Chico's Fas Inc. (CHS)

Richard Snow reduced to his holdings in Chico's Fas Inc. by 35.41%. His sale prices were between $8.61 and $13.57, with an estimated average price of $11.57. The impact to his portfolio due to this sale was -0.61%. Richard Snow still held 3,259,035 shares as of 09/30/2009.

CHICO'S FAS INC. is a specialty retailer of exclusively designed private label casual clothing and related accessories. Each store offers collections of color coordinated tops pants shorts skirts jumpsuits dresses vests jackets outerwear socks and accessories including leather and fabric belts scarves earrings necklaces and bracelets. Chico's Fas Inc. has a market cap of $2.2 billion; its shares were traded at around $12.35 with a P/E ratio of 154.3 and P/S ratio of 1.4. Chico's Fas Inc. had an annual average earning growth of 38.5% over the past 10 years. GuruFocus rated Chico's Fas Inc. the business predictability rank of 2.5-star.

Reduced: Xl Capital Ltd (XL)

Richard Snow reduced to his holdings in Xl Capital Ltd by 36.38%. His sale prices were between $11.01 and $17.76, with an estimated average price of $14.82. The impact to his portfolio due to this sale was -1.27%. Richard Snow still held 4,938,666 shares as of 09/30/2009.

LX Capital Limited through its subsidiaries provides excess liability insurance coverage to industrial commercial and other enterprises directors and officers of such enterprises professional firms high excess property coverage and the assumption of reinsurance contracts on a worldwide basis. The company's strategy is to be the premier provider of strategic financial risk solutions to specific global markets by applying intellectual and financial capital to assure its customers' economic vitality and enhance their competitive positions. Xl Capital Ltd has a market cap of $5.68 billion; its shares were traded at around $16.59 with a P/E ratio of 6.5 and P/S ratio of 0.8. The dividend yield of Xl Capital Ltd stocks is 2.3%.

Sold Out: Chesapeake Energy Corp. (CHK)

Richard Snow sold out his holdings in Chesapeake Energy Corp.. His sale prices were between $17.39 and $29.11, with an estimated average price of $22.87.

Chesapeake Energy Corp. is an independent oil and gas company engaged in the development exploration acquisition and production of onshore natural gas and oil reserves. Chesapeake owns interests in producing oil and gas wells concentrated in three primary operating areas: the Mid-Continent region of Oklahoma western Arkansas southwestern Kansas and the Texas Panhandle; the Gulf Coast region consisting primarily of the Austin Chalk Trend in Texas and Louisiana and the Tuscaloosa Trend in Louisiana; and the Helmet area of northeastern British Columbia. Chesapeake Energy Corp. has a market cap of $15.93 billion; its shares were traded at around $24.82 with a P/E ratio of 9.3 and P/S ratio of 1.3. The dividend yield of Chesapeake Energy Corp. stocks is 1.2%. Chesapeake Energy Corp. had an annual average earning growth of 19.6% over the past 5 years.

Sold Out: Western Digital Corp. (WDC)

Richard Snow sold out his holdings in Western Digital Corp.. His sale prices were between $24.99 and $36.95, with an estimated average price of $31.82.

Western Digital Corp. designs develops manufactures and markets a broad line of hard drives featuring leading-edge technology. The company's hard drives are designed for the desktop PC market and the high-end hard drive market and recently for the emerging market for hard drives specially designed for audio-visual applications such as new video recording devices. The company sells its products worldwide to computer manufacturers for inclusion in their computer systems or subsystems and to distributors resellers and retailers. Western Digital Corp. has a market cap of $8.18 billion; its shares were traded at around $36.3 with a P/E ratio of 12.7 and P/S ratio of 1. Western Digital Corp. had an annual average earning growth of 55.8% over the past 5 years.

Rating: 2.9/5 (13 votes)

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