Michael Price Buys Tejon Ranch Co., Goldman Sachs, Heritage Oaks Bancorp, Sells Armstrong World Industries, Penn Virginia, Pilgrim's Pride

Author's Avatar
Aug 20, 2010
Article's Main Image
If you are looking for small cap ideas, you should look like Michael Price’s portfolio that the billionaire investor just reported, this the detailed of the buys and sells.

Read the recent column Michael Price at Columbia: Profitable Lessons from a Great Investor by columnist Greg Speicher to under more about how Michael Price invests. Bruce Greenwald mentions that Price helped train Seth Klarman when he worked for Max Heine.

According to the most recent filings of his investment company, MFP Investors LLC, Michael Price owns 113 stocks with a total value of $459 million. These are the details of the buys and sells.

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

This is the sector weightings of his portfolio:

Financials

35.5%

Industrials

13.1%

Consumer Services

12.4%

Oil & Gas

10.5%

Health Care

8%

Consumer Goods

7.8%

Basic Materials

4.3%

Technology

1.3%

Utilities

1%

Telecommunications

0.1%



These are the top 5 holdings of Michael Price

  1. West Coast Bancorp (WCBO) - 8,535,000 shares, 4.74% of the total portfolio.
  2. SYMETRA FINANCIAL Corp. (SYA) - 1,790,000 shares, 4.44% of the total portfolio. Shares added by 37.16%
  3. Citigroup Inc. (C) - 4,900,000 shares, 4.01% of the total portfolio. Shares added by 11.36%
  4. ConocoPhillips (COP) - 346,500 shares, 3.7% of the total portfolio.
  5. GulfMark Offshore Inc. (GLF) - 552,100 shares, 3.15% of the total portfolio.


Added: Cocacola Enterprises Inc. (CCE, Financial)

Michael Price added to his holdings in Cocacola Enterprises Inc. by 3300%. His purchase prices were between $24.87 and $28.53, with an estimated average price of $26.91. The impact to his portfolio due to this purchase was 1.85%. His holdings were 340,000 shares as of 06/30/2010.

Coca-Cola Enterprises is the world's largest marketer, distributor, and producer of bottle and can liquid nonalcoholic refreshment. Cocacola Enterprises Inc. has a market cap of $14.52 billion; its shares were traded at around $28.84 with a P/E ratio of 16.2 and P/S ratio of 0.7. The dividend yield of Cocacola Enterprises Inc. stocks is 1.2%.

Added: Alcon Inc. (ACL, Financial)

Michael Price added to his holdings in Alcon Inc. by 3600%. His purchase prices were between $135 and $161.38, with an estimated average price of $150.54. The impact to his portfolio due to this purchase was 1.74%. His holdings were 55,500 shares as of 06/30/2010.

Alcon, Inc. is the world's eye care company. Alcon Inc. has a market cap of $48.27 billion; its shares were traded at around $160.97 with a P/E ratio of 21.6 and P/S ratio of 7.4. The dividend yield of Alcon Inc. stocks is 2.1%. Alcon Inc. had an annual average earning growth of 18.3% over the past 10 years.

Added: Symetra Financial Corp. (SYA, Financial)

Michael Price added to his holdings in Symetra Financial Corp. by 37.16%. His purchase prices were between $11.74 and $14.25, with an estimated average price of $12.97. The impact to his portfolio due to this purchase was 1.2%. His holdings were 1,790,000 shares as of 06/30/2010.

Symetra Financial Corporation is a diversified financial services company based in Bellevue, Wash. Symetra Financial Corp. has a market cap of $1.23 billion; its shares were traded at around $10.5 with a P/E ratio of 8 and P/S ratio of 0.7. The dividend yield of Symetra Financial Corp. stocks is 0.5%.

Added: The Mcgrawhill Companies Inc. (MHP, Financial)

Michael Price added to his holdings in The Mcgrawhill Companies Inc. by 76.24%. His purchase prices were between $27.02 and $36.55, with an estimated average price of $31.11. The impact to his portfolio due to this purchase was 1.18%. His holdings were 445,000 shares as of 06/30/2010.

McGraw-Hill Companies Inc. serves business, professional andeducational markets around the world with information products and services. The Mcgrawhill Companies Inc. has a market cap of $8.98 billion; its shares were traded at around $28.77 with a P/E ratio of 11.3 and P/S ratio of 1.5. The dividend yield of The Mcgrawhill Companies Inc. stocks is 3.4%. The Mcgrawhill Companies Inc. had an annual average earning growth of 8.4% over the past 10 years. GuruFocus rated The Mcgrawhill Companies Inc. the business predictability rank of 4.5-star.

Added: Cache Inc. (CACH, Financial)

Michael Price added to his holdings in Cache Inc. by 64.69%. His purchase prices were between $5.54 and $7.16, with an estimated average price of $6.36. The impact to his portfolio due to this purchase was 0.79%. His holdings were 1,635,255 shares as of 06/30/2010.

Cache, Inc. is a specialty retailer which operates stores selling women's apparel and accessories under the trade names Cache and Lillie Rubin. Cache Inc. has a market cap of $57.8 million; its shares were traded at around $4.52 with and P/S ratio of 0.3.

Added: Becton Dickinson And Company (BDX, Financial)

Michael Price added to his holdings in Becton Dickinson And Company by 43.48%. His purchase prices were between $67.45 and $79.66, with an estimated average price of $73.87. The impact to his portfolio due to this purchase was 0.74%. His holdings were 165,000 shares as of 06/30/2010.

Becton, Dickinson and Co. is engaged principally in the manufacture and sale of a broad line of supplies, devices and systems used by health care professionals, medical research institutions and the general public. Becton Dickinson And Company has a market cap of $16.62 billion; its shares were traded at around $71.31 with a P/E ratio of 14.1 and P/S ratio of 2.3. The dividend yield of Becton Dickinson And Company stocks is 2.1%. Becton Dickinson And Company had an annual average earning growth of 13.9% over the past 10 years. GuruFocus rated Becton Dickinson And Company the business predictability rank of 4.5-star.

Added: Smith International Inc. (SII, Financial)

Michael Price added to his holdings in Smith International Inc. by 270%. His purchase prices were between $34.45 and $49.15, with an estimated average price of $42.39. The impact to his portfolio due to this purchase was 0.66%. His holdings were 111,000 shares as of 06/30/2010.

Smith International, Inc. is a worldwide supplier of premium products and services to the oil and gas exploration and production industry, the petrochemical industry and other industrial markets. Smith International Inc. has a market cap of $9.9 billion; its shares were traded at around $40.17 with a P/E ratio of 62.1 and P/S ratio of 1.2. The dividend yield of Smith International Inc. stocks is 1.2%. Smith International Inc. had an annual average earning growth of 19.4% over the past 10 years. GuruFocus rated Smith International Inc. the business predictability rank of 3.5-star.

Added: The Chubb Corp. (CB, Financial)

Michael Price added to his holdings in The Chubb Corp. by 600%. His purchase prices were between $49.1 and $53.75, with an estimated average price of $51.51. The impact to his portfolio due to this purchase was 0.65%. His holdings were 70,000 shares as of 06/30/2010.

Chubb Corporation is a holding company with subsidiaries principally engaged in the property and casualty insurance business. The Chubb Corp. has a market cap of $17.33 billion; its shares were traded at around $53.03 with a P/E ratio of 9.2 and P/S ratio of 1.4. The dividend yield of The Chubb Corp. stocks is 2.8%. The Chubb Corp. had an annual average earning growth of 1.5% over the past 5 years.

Added: United Therapeutics Corp. (UTHR, Financial)

Michael Price added to his holdings in United Therapeutics Corp. by 147.14%. His purchase prices were between $49 and $58.49, with an estimated average price of $54.04. The impact to his portfolio due to this purchase was 0.44%. His holdings were 69,200 shares as of 06/30/2010.

UTD THERAPEUTIC is a biotechnology company focused on combating cardiovascular, inflammatory, and infectious diseases with unique therapeutic products. United Therapeutics Corp. has a market cap of $2.69 billion; its shares were traded at around $48.18 with a P/E ratio of 36.8 and P/S ratio of 7.2.

Added: Citigroup Inc. (C, Financial)

Michael Price added to his holdings in Citigroup Inc. by 11.36%. His purchase prices were between $3.63 and $4.97, with an estimated average price of $4.15. The impact to his portfolio due to this purchase was 0.41%. His holdings were 4,900,000 shares as of 06/30/2010.

Citigroup Inc., the 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. Citigroup Inc. has a market cap of $110.12 billion; its shares were traded at around $3.79 with and P/S ratio of 1.2.

Added: John Bean Tech Corp (JBT, Financial)

Michael Price added to his holdings in John Bean Tech Corp by 112.88%. His purchase prices were between $15.44 and $19.35, with an estimated average price of $17.53. The impact to his portfolio due to this purchase was 0.38%. His holdings were 213,729 shares as of 06/30/2010.

JOHN BEAN TECHNOLOGIES CORPORATION is a global solutions provider to the food processing and air transportation industries. John Bean Tech Corp has a market cap of $419.5 million; its shares were traded at around $15.25 with a P/E ratio of 13.4 and P/S ratio of 0.5. The dividend yield of John Bean Tech Corp stocks is 1.9%.

Added: Ebay Inc. (EBAY, Financial)

Michael Price added to his holdings in Ebay Inc. by 94.27%. His purchase prices were between $19.69 and $27.37, with an estimated average price of $23.15. The impact to his portfolio due to this purchase was 0.3%. His holdings were 145,700 shares as of 06/30/2010.

eBay is one of the world's largest online trading communities. Ebay Inc. has a market cap of $30.23 billion; its shares were traded at around $23.1325 with a P/E ratio of 16.6 and P/S ratio of 3.5. Ebay Inc. had an annual average earning growth of 43.4% over the past 10 years.

Added: Capitalsource Inc. (CSE)

Michael Price added to his holdings in Capitalsource Inc. by 26.18%. His purchase prices were between $3.93 and $6.23, with an estimated average price of $5.09. The impact to his portfolio due to this purchase was 0.17%. His holdings were 778,800 shares as of 06/30/2010.

CapitalSource is a specialized commercial finance company offering asset- based, senior, cash flow and mezzanine financing to small and mid-sized borrowers through three focused lending units: Corporate Finance, Healthcare Finance, and Structured Finance. Capitalsource Inc. has a market cap of $1.61 billion; its shares were traded at around $5.04 with and P/S ratio of 1.8. The dividend yield of Capitalsource Inc. stocks is 0.8%.

Added: Cit Group Inc. (CIT)

Michael Price added to his holdings in Cit Group Inc. by 71.15%. His purchase prices were between $33.81 and $41.75, with an estimated average price of $37.87. The impact to his portfolio due to this purchase was 0.16%. His holdings were 52,197 shares as of 06/30/2010.

CIT Group Inc. is a bank holding company that provides financing and leasing capital for commercial companies throughout the world. Cit Group Inc. has a market cap of $7.61 billion; its shares were traded at around $38.22 with and P/S ratio of 2.

Added: Ruth's Chris Steak House Inc. (RUTH)

Michael Price added to his holdings in Ruth's Chris Steak House Inc. by 5.34%. His purchase prices were between $4 and $6.34, with an estimated average price of $5.02. The impact to his portfolio due to this purchase was 0.12%. His holdings were 2,513,333 shares as of 06/30/2010.

Ruth's Chris Steak House, Inc. is one of the largest upscale steak house companies in the U. Ruth's Chris Steak House Inc. has a market cap of $120.2 million; its shares were traded at around $3.5 with a P/E ratio of 8.9 and P/S ratio of 0.4.

Added: Cowen Group Inc. (COWN)

Michael Price added to his holdings in Cowen Group Inc. by 21.48%. His purchase prices were between $3.99 and $5.93, with an estimated average price of $4.95. The impact to his portfolio due to this purchase was 0.07%. His holdings were 452,772 shares as of 06/30/2010.

COWEN GROUP, INC., through its operating subsidiaries, provides investment banking, equity research, sales and trading, asset management and alternative asset management services to companies and institutional investor clients in the healthcare, technology, telecommunications, aerospace and defense, consumer and alternative energy sectors. Cowen Group Inc. has a market cap of $270.2 million; its shares were traded at around $3.62 with and P/S ratio of 2.3.

Added: Lsb Industries Inc (LXU)

Michael Price added to his holdings in Lsb Industries Inc by 92.51%. His purchase prices were between $13.36 and $18.72, with an estimated average price of $16.52. The impact to his portfolio due to this purchase was 0.04%. His holdings were 27,500 shares as of 06/30/2010.

LSB Industries, Inc. is a diversified holding company which is engaged,through its subsidiaries, in the manufacture and sale of chemical products for the explosives, agricultural and industrial acids markets; the manufacture and sale of a broad range of hydronic fan coils and water source heat pumps as well as other products used in commercial and residential air conditioning systems; and the manufacture or purchase and sale of certain automotive and industrial products, including automotive bearings and other automotive replacement parts. Lsb Industries Inc has a market cap of $354 million; its shares were traded at around $16.65 with a P/E ratio of 30.9 and P/S ratio of 0.7. Lsb Industries Inc had an annual average earning growth of 15.7% over the past 10 years.

New Purchase: Tejon Ranch Co. (TRC)

Michael Price initiated holdings in Tejon Ranch Co.. His purchase prices were between $23.14 and $30.3, with an estimated average price of $26.9. The impact to his portfolio due to this purchase was 2.03%. His holdings were 404,243 shares as of 06/30/2010.

Tejon Ranch Co. is a diversified, growth oriented real estate development and agribusiness company. Tejon Ranch Co. has a market cap of $373.3 million; its shares were traded at around $22.14 with and P/S ratio of 13.2.

New Purchase: Goldman Sachs Group Inc. The (GS)

Michael Price initiated holdings in Goldman Sachs Group Inc. The. His purchase prices were between $133.44 and $184.27, with an estimated average price of $148.68. The impact to his portfolio due to this purchase was 1.14%. His holdings were 40,000 shares as of 06/30/2010.

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. Goldman Sachs Group Inc. The has a market cap of $75.02 billion; its shares were traded at around $147.05 with a P/E ratio of 6.6 and P/S ratio of 1.5. The dividend yield of Goldman Sachs Group Inc. The stocks is 1%. Goldman Sachs Group Inc. The had an annual average earning growth of 12.7% over the past 10 years.

New Purchase: Heritage Oaks Bancorp (HEOP)

Michael Price initiated holdings in Heritage Oaks Bancorp. His purchase prices were between $3.2 and $4.25, with an estimated average price of $3.68. The impact to his portfolio due to this purchase was 0.95%. His holdings were 1,165,846 shares as of 06/30/2010.

Heritage Oaks Bancorp acts as a bank holding company of Heritage Oaks Bank. Heritage Oaks Bancorp has a market cap of $26.2 million; its shares were traded at around $3.368 with and P/S ratio of 0.5.

New Purchase: Omniamerican Bancorp Inc. (OABC)

Michael Price initiated holdings in Omniamerican Bancorp Inc.. His purchase prices were between $11.17 and $11.89, with an estimated average price of $11.62. The impact to his portfolio due to this purchase was 0.74%. His holdings were 300,000 shares as of 06/30/2010.

OmniAmerican Bancorp is the holding company for OmniAmerican Bank, a full-service financial institution headquartered in Fort Worth, Texas. Omniamerican Bancorp Inc. has a market cap of $131.8 million; its shares were traded at around $11.07 .

New Purchase: Genzyme Corp. (GENZ)

Michael Price initiated holdings in Genzyme Corp.. His purchase prices were between $47.16 and $54.45, with an estimated average price of $51.6. The impact to his portfolio due to this purchase was 0.72%. His holdings were 65,000 shares as of 06/30/2010.

Genzyme Corporation is a global biotechnology company dedicated to making a major positive impact on the lives of people with serious diseases. Genzyme Corp. has a market cap of $17.59 billion; its shares were traded at around $65.9 with a P/E ratio of 83.3 and P/S ratio of 3.9. Genzyme Corp. had an annual average earning growth of 17.5% over the past 10 years. GuruFocus rated Genzyme Corp. the business predictability rank of 2.5-star.

New Purchase: Tyco International Ltd. (switzerland) (TYC)

Michael Price initiated holdings in Tyco International Ltd. (switzerland). His purchase prices were between $35 and $40.54, with an estimated average price of $38.01. The impact to his portfolio due to this purchase was 0.68%. His holdings were 88,750 shares as of 06/30/2010.

Tyco International Ltd., a diversified manufacturing and service company, is the world's largest manufacturer and servicer of electrical and electronic components and undersea telecommunications systems, the world's largest manufacturer, installer, and provider of fire protection systems and electronic security services, has strong leadership positions in disposable medical products, plastics, and adhesives, and is the largest manufacturer of flow control valves. Tyco International Ltd. (switzerland) has a market cap of $17.42 billion; its shares were traded at around $36.74 with a P/E ratio of 14.3 and P/S ratio of 1. The dividend yield of Tyco International Ltd. (switzerland) stocks is 2.3%.

New Purchase: Mariner Energy Inc. (ME)

Michael Price initiated holdings in Mariner Energy Inc.. His purchase prices were between $15.6 and $26.03, with an estimated average price of $22.27. The impact to his portfolio due to this purchase was 0.53%. His holdings were 112,900 shares as of 06/30/2010.

Mariner Energy, Inc. is an independent oil and gas exploration, development and production company with principal operations in the Gulf of Mexico and the Permian Basin in West Texas. Mariner Energy Inc. has a market cap of $2.38 billion; its shares were traded at around $23.19 with a P/E ratio of 46.2 and P/S ratio of 2.5.

New Purchase: Fox Chase Bancorp Inc. (FXCB)

Michael Price initiated holdings in Fox Chase Bancorp Inc.. His purchase prices were between $10.24 and $11.58, with an estimated average price of $10.83. The impact to his portfolio due to this purchase was 0.26%. His holdings were 125,000 shares as of 06/30/2010.

FOX CHASE BANCORP, INC. is the mid-tier stock holding company of Fox Chase Bank, a federally chartered savings bank. Fox Chase Bancorp Inc. has a market cap of $118.8 million; its shares were traded at around $9.33 with and P/S ratio of 2.2.

New Purchase: Cf Industries Holdings Inc. (CF)

Michael Price initiated holdings in Cf Industries Holdings Inc.. His purchase prices were between $58.56 and $92.9, with an estimated average price of $74.52. The impact to his portfolio due to this purchase was 0.14%. His holdings were 10,000 shares as of 06/30/2010.

CF Industries Holdings, Inc. is the holding company for the operations of CF Industries, Inc. Cf Industries Holdings Inc. has a market cap of $6.33 billion; its shares were traded at around $88.85 with a P/E ratio of 13.8 and P/S ratio of 2.4. The dividend yield of Cf Industries Holdings Inc. stocks is 0.5%. Cf Industries Holdings Inc. had an annual average earning growth of 85.7% over the past 5 years.

New Purchase: A.c. Moore Arts & Crafts Inc. (ACMR)

Michael Price initiated holdings in A.c. Moore Arts & Crafts Inc.. His purchase prices were between $2.23 and $4.1, with an estimated average price of $3.15. The impact to his portfolio due to this purchase was 0.07%. His holdings were 133,700 shares as of 06/30/2010.

A.C. Moore Arts & Crafts Inc. is a rapidly growing operator of arts and crafts superstores that offer a vast assortment of traditional and contemporary arts and crafts merchandise for a wide range of customers. A.c. Moore Arts & Crafts Inc. has a market cap of $48.9 million; its shares were traded at around $1.96 with and P/S ratio of 0.1.

New Purchase: Synta Pharmaceuticals Inc. (SNTA)

Michael Price initiated holdings in Synta Pharmaceuticals Inc.. His purchase prices were between $2.67 and $4.79, with an estimated average price of $3.62. The impact to his portfolio due to this purchase was 0.07%. His holdings were 118,058 shares as of 06/30/2010.

SYNTA PHARMACEUTICALS CORP. is a biopharmaceutical company focused on discovering, developing, and commercializing small molecule drugs to extend and enhance the lives of patients with severe medical conditions, including cancer and chronic inflammatory diseases. Synta Pharmaceuticals Inc. has a market cap of $113.7 million; its shares were traded at around $2.81 with a P/E ratio of 0.9 and P/S ratio of 0.8.

New Purchase: Sl Industries Inc (SLI)

Michael Price initiated holdings in Sl Industries Inc. His purchase prices were between $9.2 and $13.44, with an estimated average price of $11.14. The impact to his portfolio due to this purchase was 0.01%. His holdings were 4,964 shares as of 06/30/2010.

SL Industries designs, manufactures and markets power and data quality equipment and systems for industrial, medical, aerospace, telecommunications and consumer applications. Sl Industries Inc has a market cap of $75.5 million; its shares were traded at around $12.5 with a P/E ratio of 10.8 and P/S ratio of 0.5. Sl Industries Inc had an annual average earning growth of 7.6% over the past 10 years.

Reduced: Peapackgladstone Financial Corp (PGC)

Michael Price reduced to his holdings in Peapackgladstone Financial Corp by 86.44%. His sale prices were between $11.73 and $15.51, with an estimated average price of $13.65. The impact to his portfolio due to this sale was -0.01%. Michael Price still held 5,329 shares as of 06/30/2010.

The Peapack-Gladstone Financial Corporation is a bank holding company for Peapack-Gladstone Bank. Peapackgladstone Financial Corp has a market cap of $97.5 million; its shares were traded at around $11.11 with a P/E ratio of 20.9 and P/S ratio of 1.4. The dividend yield of Peapackgladstone Financial Corp stocks is 1.8%.

Reduced: The Washington Post Company (WPO)

Michael Price reduced to his holdings in The Washington Post Company by 23.53%. His sale prices were between $412.92 and $541.38, with an estimated average price of $483.08. The impact to his portfolio due to this sale was -0.05%. Michael Price still held 2,600 shares as of 06/30/2010.

The Washington Post Company's principal business activities consist of newspaper publishing (principally The Washington Post), television broadcasting (through the ownership and operation of six network-affiliated stations), the ownership and operation of cable televisionsystems, magazine publishing (principally Newsweek magazine), and (through its Kaplan subsidiary) the provision of educational and career development services. The Washington Post Company has a market cap of $3.15 billion; its shares were traded at around $345.61 with a P/E ratio of 11.2 and P/S ratio of 0.6. The dividend yield of The Washington Post Company stocks is 2.6%. The Washington Post Company had an annual average earning growth of 3% over the past 10 years.

Reduced: Granite Construction Inc. (GVA)

Michael Price reduced to his holdings in Granite Construction Inc. by 29.79%. His sale prices were between $24.07 and $34.06, with an estimated average price of $30.03. The impact to his portfolio due to this sale was -0.07%. Michael Price still held 42,125 shares as of 06/30/2010.

Granite Construction, Inc. is a diversified heavy civil constractor and construction materials producer. Granite Construction Inc. has a market cap of $863.3 million; its shares were traded at around $22.35 with a P/E ratio of 159 and P/S ratio of 0.4. The dividend yield of Granite Construction Inc. stocks is 2.4%. Granite Construction Inc. had an annual average earning growth of 11.7% over the past 10 years.

Reduced: Louisiana Bancorp Inc. (LABC)

Michael Price reduced to his holdings in Louisiana Bancorp Inc. by 21.15%. His sale prices were between $14.5 and $15.25, with an estimated average price of $14.74. The impact to his portfolio due to this sale was -0.12%. Michael Price still held 186,436 shares as of 06/30/2010.

Louisiana Bancorp, Inc., through its subsidiary, Bank of New Orleans, operates as a savings and loan holding company that provides various banking services principally in southern Louisiana. Louisiana Bancorp Inc. has a market cap of $65.6 million; its shares were traded at around $14.35 with a P/E ratio of 25.6 and P/S ratio of 3.7.

Reduced: Slm Corp. (SLM)

Michael Price reduced to his holdings in Slm Corp. by 68.41%. His sale prices were between $10.24 and $13.58, with an estimated average price of $11.88. The impact to his portfolio due to this sale was -0.25%. Michael Price still held 164,300 shares as of 06/30/2010.

SLM Corporation is the one of nation's largest private sources of funding and servicing support for higher education loans for students and their parents. Slm Corp. has a market cap of $5.6 billion; its shares were traded at around $11.47 with a P/E ratio of 8 and P/S ratio of 1.2. Slm Corp. had an annual average earning growth of 9.8% over the past 10 years.

Reduced: Encore Capital Group Inc (ECPG)

Michael Price reduced to his holdings in Encore Capital Group Inc by 38.61%. His sale prices were between $16.72 and $23.9, with an estimated average price of $20.06. The impact to his portfolio due to this sale was -0.47%. Michael Price still held 270,688 shares as of 06/30/2010.

Encore Capital Group, Inc., formerly MCM Capital Group, Inc. Encore Capital Group Inc has a market cap of $463.9 million; its shares were traded at around $19.77 with a P/E ratio of 12.2 and P/S ratio of 1.5. Encore Capital Group Inc had an annual average earning growth of 20.1% over the past 10 years.

Sold Out: Pgt Inc. (PGTI)

Michael Price sold out his holdings in Pgt Inc.. His sale prices were between $1.89 and $3.32, with an estimated average price of $2.88.

PGT INDUSTRIES pioneered the U.S. impact-resistant window and door industry and today is the nation's manufacturer and supplier of residential impact-resistant windows and doors. Pgt Inc. has a market cap of $104.1 million; its shares were traded at around $1.94 with and P/S ratio of 0.7.

Sold Out: Lydall Inc. (LDL)

Michael Price sold out his holdings in Lydall Inc.. His sale prices were between $7.43 and $9.27, with an estimated average price of $8.24.

Lydall, Inc. and its subsidiaries are manufacturers of engineered products for demanding specialty applications. Lydall Inc. has a market cap of $114.5 million; its shares were traded at around $6.85 with and P/S ratio of 0.5.

Sold Out: Armstrong World Industries Inc. (AWI)

Michael Price sold out his holdings in Armstrong World Industries Inc.. His sale prices were between $29.77 and $44.35, with an estimated average price of $37.33.

ARMSTRONG WORLD INDUSTRIES INC is a global leader in the design and manufacture of floors, ceilings and cabinets. Armstrong World Industries Inc. has a market cap of $2.12 billion; its shares were traded at around $36.97 with a P/E ratio of 30.9 and P/S ratio of 0.7.

Sold Out: Akorn Inc. (AKRX)

Michael Price sold out his holdings in Akorn Inc.. His sale prices were between $1.38 and $3.21, with an estimated average price of $2.49.

Akorn, Inc. manufactures and markets diagnostic and therapeutic pharmaceuticals in specialty areas such as ophthalmology, rheumatology, anesthesia and antidotes, among others. Akorn Inc. has a market cap of $306.4 million; its shares were traded at around $3.32 with and P/S ratio of 4.1.

Sold Out: Starwood Hotels & Resorts Worldwide Inc. (HOT)

Michael Price sold out his holdings in Starwood Hotels & Resorts Worldwide Inc.. His sale prices were between $42.07 and $56.29, with an estimated average price of $48.47.

Starwood Hotels & Resorts Worldwide, Inc. is one of the world's largesthotel operating companies. Starwood Hotels & Resorts Worldwide Inc. has a market cap of $8.87 billion; its shares were traded at around $46.93 with a P/E ratio of 41.4 and P/S ratio of 1.8. The dividend yield of Starwood Hotels & Resorts Worldwide Inc. stocks is 0.4%.

Sold Out: Seacoast Banking Corp. Of Florida (SBCF)

Michael Price sold out his holdings in Seacoast Banking Corp. Of Florida. His sale prices were between $1.28 and $2.4, with an estimated average price of $1.86.

Seacoast Banking Corp of Florida is a bank holding company. Seacoast Banking Corp. Of Florida has a market cap of $75.5 million; its shares were traded at around $1.28 with and P/S ratio of 0.6.

Sold Out: Penn Millers Holding Corp. (PMIC)

Michael Price sold out his holdings in Penn Millers Holding Corp.. His sale prices were between $12.63 and $14.95, with an estimated average price of $14.26.

Penn Millers Insurance Company is a Pennsylvania property and casualty insurer, headquartered in Wilkes-Barre, Pennsylvania. Penn Millers Holding Corp. has a market cap of $65.6 million; its shares were traded at around $12.58 with and P/S ratio of 0.8.

Sold Out: First California Financial Group Inc. (FCAL)

Michael Price sold out his holdings in First California Financial Group Inc.. His sale prices were between $2.67 and $3.3, with an estimated average price of $2.9.

NATIONAL MERCANTILE BANCORP principal business is to serve as a holding company for Mercantile National Bank, and for other banking or banking-related subsidiaries which the Co. First California Financial Group Inc. has a market cap of $75.6 million; its shares were traded at around $2.68 with and P/S ratio of 1.

Sold Out: Penn Virginia Corp. (PVA)

Michael Price sold out his holdings in Penn Virginia Corp.. His sale prices were between $20.57 and $28.56, with an estimated average price of $24.14.

Penn Virginia Corporation is engaged in the exploration, development and production of oil and natural gas and the collection of royalties and overriding royalty interests on various oil and gas properties as well as the leasing of coal mineral rights and the collection of relatedroyalties. Penn Virginia Corp. has a market cap of $678.3 million; its shares were traded at around $14.9 with and P/S ratio of 0.8. The dividend yield of Penn Virginia Corp. stocks is 1.5%. Penn Virginia Corp. had an annual average earning growth of 24.4% over the past 10 years. GuruFocus rated Penn Virginia Corp. the business predictability rank of 3.5-star.

Sold Out: Corn Products International Inc. (CPO)

Michael Price sold out his holdings in Corn Products International Inc.. His sale prices were between $31.47 and $36.63, with an estimated average price of $34.11.

Corn Products International, Inc., headquartered in Bedford Park, Illinois, is one of the world's corn refiners. Corn Products International Inc. has a market cap of $2.52 billion; its shares were traded at around $33.95 with a P/E ratio of 12.2 and P/S ratio of 0.7. The dividend yield of Corn Products International Inc. stocks is 1.6%. Corn Products International Inc. had an annual average earning growth of 6.3% over the past 10 years. GuruFocus rated Corn Products International Inc. the business predictability rank of 2-star.

Sold Out: Pilgrim's Pride Corp. (PPC)

Michael Price sold out his holdings in Pilgrim's Pride Corp.. His sale prices were between $6.63 and $12.86, with an estimated average price of $9.32.

Pilgrim's Pride is one of the largest chicken companies in the US, Mexico and Puerto Rico. Pilgrim's Pride Corp. has a market cap of $1.43 billion; its shares were traded at around $6.51 with and P/S ratio of 0.2.

Sold Out: Northwestern Corp. (NWE)

Michael Price sold out his holdings in Northwestern Corp.. His sale prices were between $25.48 and $30.26, with an estimated average price of $27.58.

Northwestern Corporation d/b/a NorthWestern Energy is an investor-owned utility and one of the largest providers of electricity and natural gas in the northwest quadrant of the United States. Northwestern Corp. has a market cap of $1.01 billion; its shares were traded at around $28.23 with a P/E ratio of 14.1 and P/S ratio of 0.9. The dividend yield of Northwestern Corp. stocks is 4.8%. Northwestern Corp. had an annual average earning growth of 4.7% over the past 5 years.

Sold Out: Regions Financial Corp. (RF)

Michael Price sold out his holdings in Regions Financial Corp.. His sale prices were between $6.76 and $8.95, with an estimated average price of $7.9.

Regions Financial Corporation is a regional bank holding company and hasbanking-related subsidiaries engaged in mortgage banking, credit life insurance, leasing, and securities brokerage activities with offices in various Southeastern states. Regions Financial Corp. has a market cap of $8.29 billion; its shares were traded at around $6.94 with and P/S ratio of 0.9. The dividend yield of Regions Financial Corp. stocks is 0.6%.

Sold Out: Buckeye Gp Holdings Lp (BGH)

Michael Price sold out his holdings in Buckeye Gp Holdings Lp. His sale prices were between $29.18 and $40.04, with an estimated average price of $33.66.

BUCKEYE GP HOLDINGS L.P. owns and controls Buckeye GP LLC, which is the general partner of Buckeye Partners, L. Buckeye Gp Holdings Lp has a market cap of $1.24 billion; its shares were traded at around $42.95 with a P/E ratio of 29.6 and P/S ratio of 0.7. The dividend yield of Buckeye Gp Holdings Lp stocks is 4.1%.

Sold Out: American Greetings Corp. (AM)

Michael Price sold out his holdings in American Greetings Corp.. His sale prices were between $19.51 and $25.92, with an estimated average price of $22.75.

American Greetings Corporation is the world's largest publicly held creator, manufacturer and distributor of greeting cards and social expression products. American Greetings Corp. has a market cap of $762.4 million; its shares were traded at around $19.41 with a P/E ratio of 7.5 and P/S ratio of 0.5. The dividend yield of American Greetings Corp. stocks is 3%. American Greetings Corp. had an annual average earning growth of 8.3% over the past 5 years.

Sold Out: Tyco Electronics Ltd. (TEL)

Michael Price sold out his holdings in Tyco Electronics Ltd.. His sale prices were between $25.65 and $32.85, with an estimated average price of $28.88.

Tyco Electronics Ltd., global provider of engineered electronic components for thousands of consumer and industrial products; network solutions and systems for telecommunications and energy markets; and wireless systems for critical communications, radar and defense applications. Tyco Electronics Ltd. has a market cap of $12.08 billion; its shares were traded at around $26.57 with a P/E ratio of 12.6 and P/S ratio of 1.2. The dividend yield of Tyco Electronics Ltd. stocks is 2.4%.

Sold Out: General Growth Properties Inc (GGP)

Michael Price sold out his holdings in General Growth Properties Inc. His sale prices were between $12.75 and $16.78, with an estimated average price of $14.74.

General Growth Properties is one of the oldest and most experienced shopping center owners, developers and managers in the United States. General Growth Properties Inc has a market cap of $4.49 billion; its shares were traded at around $14.13 with a P/E ratio of 13.8 and P/S ratio of 1.5. General Growth Properties Inc had an annual average earning growth of 5.9% over the past 10 years.

Sold Out: Kraft Foods Inc. (KFT)

Michael Price sold out his holdings in Kraft Foods Inc.. His sale prices were between $28.32 and $31.07, with an estimated average price of $29.71.

Kraft Foods, Inc. is the largest branded food and beverage company headquartered in the U. Kraft Foods Inc. has a market cap of $43.09 billion; its shares were traded at around $29.13 with a P/E ratio of 13.8 and P/S ratio of 1.1. The dividend yield of Kraft Foods Inc. stocks is 3.9%. Kraft Foods Inc. had an annual average earning growth of 1.7% over the past 5 years.