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Bruce Berkowitz Comments on Winthrop Realty Trust, The St. Joe Company, Sears Holdings Corp., Humana Inc.

January 07, 2010 | About:
guruek

guruek

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(GuruFocus, January 7, 2010) Bruce Berkowtiz was named Morningstar Domestic Fund Manager of Year and CNBC had him on for an interview today. He is optimistic about the economy, which he thinks we are in early stage of recovery. He is confident with his portfolio will do well going forward, because the stocks in it are cheap compared to the amount of cash they are generating.

He discussed a number of stocks in the interview:

1. REIT company Winthrop Realty Trust (FUR). Bruce held 1.14 million shares of FUR as of September 30, 2009 and he bought some more just recently. He likes the small REIT because of its smart management also has owner-operator mentality.

2. He mentioned The St. Joe Company (JOE) because the company IS the panhandle of Florida and the federal government is opening up a new airport to the region. Gurufocus shows he owns 25.6 million shares of JOE.

3. Sears Holdings Corp. (SHLD) -- Bruce invests money with Investment Guru Edward Lampert here. He owns more than 15 million shares here. At $100 per share, that is a lot of money even for Fairholme Fund. He smiles and praises Lampert for the wonderful job he did recently on retailing front. He also like the company’s stock repurchase program.

4. Much of Bruce’s portfolio is in Health Care sector, of which he mentioned Humana Inc. (HUM). He owns about 15 million shares last time he reported. He thinks Humana may become GEICO in the Health Care insurance arena. If not, he still like it because of the amount of cash it generates.

























GuruFocus is invited to submit questions for an interview with Bruce Berkowitz. Through 9:00AM EST, Friday, January 8, 2010, you can submit your question by click here and submit your questions.


Rating: 1.3/5 (3 votes)

Comments

harison
Harison - 4 years ago
Yup, Sears is an absolute homerun. Smart investors, ones who focus on developing a variant view and look at free cash flow understand why this company is a value even at current prices. If you're one of those dopes who look at managed GAAP earnings numbers to see how well a company is doing, and then model them to increase at a constant rate into infinity, you will have a very tough time going forward. Sears is a tremendous value, and yes, Eddie is a genius.
dealraker
Dealraker - 4 years ago
Harrison,

You've actually got a damn brain! Yes!

Please leave your comment:


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