Renowned billionaire value investor Michael Price likes to buy undervalued small and micro cap companies, which are more likely to be mispriced. He has achieved outstanding returns with this strategy. These are his buys and sells during the third quarter.
Michael Price buys Getty Images Inc., WABCO HOLDINGS, CBS Corp., LOUISIANA BANCORP, INC., The McGrawHill Companies Inc., Safeguard Scientifics Inc., BENEFICIAL MUTUAL BANCORP, INC., Mothers Work Inc., sells The Lamson & Sessions Co., Dow Jones & Company Inc., Florida East Coast Industries, Harrington West Financial Group Inc., Finish Line Inc., Goodrich Corp., Northwest Bancorp Inc., UnionBanCal Corp., HearstArgyle Television Inc. during the 3-months ended 09/30/2007, according to the most recent filings of his investment company, MFP Investors LLC. Michael Price owns 74 stocks with a total value of $588 million. These are the details of the buys and sells.
New Purchases: BNCL, CBS, GYI, LABC, MHP, MWRK, SFE, WBC,
Added Positions: ABFS, AIG, ASD, AWI, CMCSK, COP, ECPG, EMMS, GT, GY, KALU, MSI, NWEC, OB, PLFE, SLM, SNE, UTR,
Reduced Positions: ESGR, HCBK, LCAPA, PNC,
Sold Out: DJ, FINL, GR, HTV, HWFG, LMS, NWSB, UB,
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Michael Price buys Getty Images Inc., WABCO HOLDINGS, CBS Corp., LOUISIANA BANCORP, INC., The McGrawHill Companies Inc., Safeguard Scientifics Inc., BENEFICIAL MUTUAL BANCORP, INC., Mothers Work Inc., sells The Lamson & Sessions Co., Dow Jones & Company Inc., Florida East Coast Industries, Harrington West Financial Group Inc., Finish Line Inc., Goodrich Corp., Northwest Bancorp Inc., UnionBanCal Corp., HearstArgyle Television Inc. during the 3-months ended 09/30/2007, according to the most recent filings of his investment company, MFP Investors LLC. Michael Price owns 74 stocks with a total value of $588 million. These are the details of the buys and sells.
New Purchases: BNCL, CBS, GYI, LABC, MHP, MWRK, SFE, WBC,
Added Positions: ABFS, AIG, ASD, AWI, CMCSK, COP, ECPG, EMMS, GT, GY, KALU, MSI, NWEC, OB, PLFE, SLM, SNE, UTR,
Reduced Positions: ESGR, HCBK, LCAPA, PNC,
Sold Out: DJ, FINL, GR, HTV, HWFG, LMS, NWSB, UB,
Read the complete report
