An used copy of Seth Klarman's book "Margin of Safety" is selling for more than $800. Renowed value investor Seth Klarman manages the Baupost Group since 1980s, and has achieved outstanding returns. These are his buys and sells during the third quarter.
Seth Klarman buys EXTERRAN HOLDINGS, Broadridge Financial Solutions Inc., A.C. Moore Arts & Crafts Inc., ALTERNATIVE ASSET MANAGEMENT ACQUISITION CORP, GSC ACQUISITION COMPANY, Ituran Location and Control Ltd., sells Star Maritime Acquisition Corp, Hanover Compressor Company, The Home Depot Inc., General Finance Corp. during the 3-months ended 09/30/2007, according to the most recent filings of his investment company, The Baupost Group. Seth Klarman owns 53 stocks with a total value of $955 million. These are the details of the buys and sells.
New Purchases: ACMR, AMV, BR, EXH, GGA, ITRN,
Added Positions: CORE, ELOS, FAF, FRH, HRZ, MGAM, NWS-A, UFS,
Reduced Positions: PRTS, SCHS, SLM,
Sold Out: GFN, HC, HD, SEA,
Added: News Corp. (NWS-A)
Seth Klarman added to his holdings in Broadcasting & Entertainment company News Corp. by 210.63%. His purchase prices were between $20.17 and $22.65, with an estimated average price of $21.2. The impact to his portfolio due to this purchase was 9.54%. His holdings were 6,113,600 shares as of 09/30/2007.
News Corporation operates as an entertainment company. It operates in eight segments: Filmed Entertainment, Television, Cable Network Programming, Direct Broadcast Satellite Television, Magazines and Inserts, Newspapers, Book Publishing, and Other. News Corp. has a market cap of $65.54 billion; its shares were traded at around $23.02 with P/E ratio of 19.47 and P/S ratio of 2.31. The dividend yield of News Corp. stocks is 0.5%.
Added: Domtar Corp. (UFS, Financial)
Seth Klarman added to his holdings in Paper company Domtar Corp. by 187.88%. His purchase prices were between $7.22 and $11.21, with an estimated average price of $8.9. The impact to his portfolio due to this purchase was 5.32%. His holdings were 9,500,000 shares as of 09/30/2007.
Domtar Corporation, through its subsidiaries, operates as an integrated producer of uncoated free sheet paper and manufacturer of paper grade market pulp in North America. Domtar Corp. has a market cap of $4.01 billion; its shares were traded at around $7.79 with P/E ratio of 13.29 and P/S ratio of 0.93.
Added: The First American Corp. (FAF, Financial)
Seth Klarman added to his holdings in Property & Casualty Insurance company The First American Corp. by 40.98%. His purchase prices were between $36.57 and $51.7, with an estimated average price of $43.3. The impact to his portfolio due to this purchase was 1.58%. His holdings were 1,417,973 shares as of 09/30/2007.
The First American Corporation, through its subsidiaries, provides business information and related products and services in the United States and internationally. The First American Corp. has a market cap of $3.18 billion; its shares were traded at around $34.26 with P/E ratio of 20.12 and P/S ratio of 0.37. The dividend yield of The First American Corp. stocks is 2.7%.
Added: Horizon Lines Inc. (HRZ, Financial)
Seth Klarman added to his holdings in Marine Transportation company Horizon Lines Inc. by 81.43%. His purchase prices were between $26.39 and $35.4, with an estimated average price of $29.6. The impact to his portfolio due to this purchase was 1.2%. His holdings were 840,000 shares as of 09/30/2007.
Horizon Lines, Inc., through its subsidiaries, engages in container shipping and integrated logistics operations. The company also offers inland cargo trucking and logistics through its own trucking operations and relationships etc. Horizon Lines Inc. has a market cap of $920.36 million; its shares were traded at around $28.72 with P/E ratio of 33.35 and P/S ratio of 0.80. The dividend yield of Horizon Lines Inc. stocks is 1.6%.
Added: Freedom Acquisition Holdings Inc (FRH, Financial)
Seth Klarman added to his holdings in Specialty Finance company Freedom Acquisition Holdings Inc by 55.56%. His purchase prices were between $10.14 and $12.09, with an estimated average price of $10.7. The impact to his portfolio due to this purchase was 1.18%. His holdings were 2,800,000 shares as of 09/30/2007.
Freedom Acquisition Holdings, Inc. does not have significant operations. It intends to acquire an operating business or businesses through a merger, stock exchange, asset acquisition, reorganization, or business combination. Freedom Acquisition Holdings Inc has a market cap of $ million; its shares were traded at around $13.7 .
Added: Syneron Medical Ltd. (ELOS, Financial)
Seth Klarman added to his holdings in Medical Equipment company Syneron Medical Ltd. by 18.99%. His purchase prices were between $22.62 and $25.17, with an estimated average price of $23.8. The impact to his portfolio due to this purchase was 0.91%. His holdings were 2,300,000 shares as of 09/30/2007.
Syneron Medical, Ltd. engages in the design, development, and marketing of aesthetic medical products based on its proprietary electro-optical synergy technology. Syneron Medical Ltd. has a market cap of $470.69 million; its shares were traded at around $17.21 with P/E ratio of 11.55 and P/S ratio of 3.52.
Added: Multimedia Games Inc. (MGAM, Financial)
Seth Klarman added to his holdings in Gambling company Multimedia Games Inc. by 18.82%. His purchase prices were between $8.52 and $12.79, with an estimated average price of $10.1. The impact to his portfolio due to this purchase was 0.22%. His holdings were 1,555,168 shares as of 09/30/2007.
Multimedia Games, Inc. operates as a supplier of central-determinant driven online gaming systems and as a provider of linked, interactive electronic gaming systems, and content to place gaming systems and terminals in the Native American, etc. Multimedia Games Inc. has a market cap of $202.49 million; its shares were traded at around $7.93 with P/S ratio of 1.69.
Added: Core Mark Holding Co Inc (CORE, Financial)
Seth Klarman added to his holdings in Food Retailers & Wholesalers company Core Mark Holding Co Inc by 6.35%. His purchase prices were between $31.13 and $36.75, with an estimated average price of $33.8. The impact to his portfolio due to this purchase was 0.1%. His holdings were 449,060 shares as of 09/30/2007.
Core-Mark Holding Company, Inc. operates as a wholesale distributor of packaged consumer products to the convenience retail industry in North America. It provides sales and marketing, distribution, and logistics services to customers. Core Mark Holding Co Inc has a market cap of $330.39 million; its shares were traded at around $31.89 with P/E ratio of 12.80 and P/S ratio of 0.08.
New Purchase: EXTERRAN HOLDINGS (EXH, Financial)
Seth Klarman initiated holdings in Food Retailers & Wholesalers company EXTERRAN HOLDINGS. His purchase prices were between $77.12 and $80.34, with an estimated average price of $78.5. The impact to his portfolio due to this purchase was 8.08%. His holdings were 960,667 shares as of 09/30/2007.
Exterran Holdings, Inc. provides natural gas compression services, as well as offers operations, maintenance, fabrication, sales, service, and equipment for oil and gas production, processing, and transportation applications. EXTERRAN HOLDINGS has a market cap of $5.78 billion; its shares were traded at around $87.33 with P/S ratio of 2.63.
New Purchase: Broadridge Financial Solutions Inc. (BR, Financial)
Seth Klarman initiated holdings in Financial Administration company Broadridge Financial Solutions Inc.. His purchase prices were between $16.65 and $19.98, with an estimated average price of $18.4. The impact to his portfolio due to this purchase was 4.44%. His holdings were 2,237,000 shares as of 09/30/2007.
Broadridge Financial Solutions, Inc. provides technology-based outsourcing solutions to the financial services industry. It operates in three segments: Investor Communication Solutions, Securities Processing Solutions, and Clearing and Outsourcing etc. Broadridge Financial Solutions Inc. has a market cap of $2.99 billion; its shares were traded at around $21.65 with P/E ratio of 15.15 and P/S ratio of 1.39. The dividend yield of Broadridge Financial Solutions Inc. stocks is 1.1%.
New Purchase: A.C. Moore Arts & Crafts Inc. (ACMR, Financial)
Seth Klarman initiated holdings in Specialty Retailers company A.C. Moore Arts & Crafts Inc.. His purchase prices were between $15.76 and $20.89, with an estimated average price of $18.3. The impact to his portfolio due to this purchase was 1.78%. His holdings were 1,078,236 shares as of 09/30/2007.
A.C. Moore Arts & Crafts, Inc. operates as a specialty retailer of arts, crafts, and floral merchandise in the eastern region of the United States. A.C. Moore Arts & Crafts Inc. has a market cap of $339.79 million; its shares were traded at around $16.96 with P/E ratio of 81.36 and P/S ratio of 0.59.
New Purchase: ALTERNATIVE ASSET MANAGEMENT ACQUISITION CORP (AMV)
Seth Klarman initiated holdings in Specialty Retailers company ALTERNATIVE ASSET MANAGEMENT ACQUISITION CORP. His purchase prices were between $8.82 and $9.07, with an estimated average price of $9. The impact to his portfolio due to this purchase was 1.38%. His holdings were 1,500,000 shares as of 09/30/2007.
Hanover-STC Acquisition Corp. does not have significant operations. It intends to acquire one or more businesses or assets through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination etc. ALTERNATIVE ASSET MANAGEMENT ACQUISITION CORP has a market cap of $477.14 million; its shares were traded at around $9.24 .
New Purchase: GSC ACQUISITION COMPANY (GGA)
Seth Klarman initiated holdings in Specialty Retailers company GSC ACQUISITION COMPANY. His purchase prices were between $9.05 and $9.3, with an estimated average price of $9.2. The impact to his portfolio due to this purchase was 0.82%. His holdings were 850,000 shares as of 09/30/2007.
GSC Acquisition Company does not have significant operations. It intends to acquire, through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination, one or more unidentified businesses. GSC ACQUISITION COMPANY has a market cap of $231.84 million; its shares were traded at around $9.34 .
New Purchase: Ituran Location and Control Ltd. (ITRN)
Seth Klarman initiated holdings in Consumer Electronics company Ituran Location and Control Ltd.. His purchase prices were between $11.5 and $13.54, with an estimated average price of $12.4. The impact to his portfolio due to this purchase was 0.71%. His holdings were 560,407 shares as of 09/30/2007.
Ituran Location and Control, Ltd. provides location-based services principally consisting of stolen vehicle recovery and tracking services primarily in Israel, Brazil, Argentina, and the United States. Ituran Location and Control Ltd. has a market cap of $248.82 million; its shares were traded at around $10.68 with P/E ratio of 13.47 and P/S ratio of 2.22. The dividend yield of Ituran Location and Control Ltd. stocks is 1.9%.
Reduced: SLM Corp. (SLM)
Seth Klarman reduced to his holdings in Consumer Finance company SLM Corp. by 67.09%. His sale prices were between $47.88 and $57.9, with an estimated average price of $50. The impact to his portfolio due to this sale was 4.4%. Seth Klarman still held 1,415,000 shares as of 09/30/2007.
SLM Corporation, through its subsidiaries, provides education finance in the United States. It originates and holds student loans by providing funding, delivery, and servicing support for education loans. SLM Corp. has a market cap of $16.9 billion; its shares were traded at around $41.5 with P/E ratio of 22.25 and P/S ratio of 6.06. The dividend yield of SLM Corp. stocks is 2.5%.
Reduced: School Specialty Inc. (SCHS)
Seth Klarman reduced to his holdings in Business Support Services company School Specialty Inc. by 40.85%. His sale prices were between $33.47 and $36.7, with an estimated average price of $35.6. The impact to his portfolio due to this sale was 1.55%. Seth Klarman still held 602,724 shares as of 09/30/2007.
School Specialty, Inc. and its subsidiaries provide supplemental educational products and equipment to the pre-kindergarten through twelfth grade education market in the United States and Canada. School Specialty Inc. has a market cap of $718.66 million; its shares were traded at around $34.99 with P/E ratio of 35.76 and P/S ratio of 0.69.
Reduced: U.S. Auto Parts Network Inc. (PRTS)
Seth Klarman reduced to his holdings in Auto Parts company U.S. Auto Parts Network Inc. by 77.32%. His sale prices were between $8.2 and $9.55, with an estimated average price of $8.8. The impact to his portfolio due to this sale was 0.11%. Seth Klarman still held 220,406 shares as of 09/30/2007.
U.S. Auto Parts Network, Inc. operates as an online retailer of aftermarket auto parts and accessories primarily in the United States. The company principally sells its products to individual consumers through a network of Web sites and online marketing. U.S. Auto Parts Network Inc. has a market cap of $216.29 million; its shares were traded at around $7.25 with P/E ratio of 154.26 and P/S ratio of 1.34.
Sold Out: Hanover Compressor Company (HC)
Seth Klarman sold out his holdings in Oil Equipment & Services company Hanover Compressor Company. His sale prices were between $22.83 and $26.43, with an estimated average price of $24.9. The impact to his portfolio due to this sale was less than 0.01%. Its shares were traded at around $25.39 .
Sold Out: Star Maritime Acquisition Corp (SEA)
Seth Klarman sold out his holdings in Nonequity Investment Instruments company Star Maritime Acquisition Corp. His sale prices were between $11.52 and $14.01, with an estimated average price of $12.7. The impact to his portfolio due to this sale was less than 0.01%.
Star Maritime Acquisition Corp. does not have significant operations. It intends to acquire, through a merger, capital stock exchange, asset acquisition, or similar business combination, one or more target businesses in the shipping industry. Star Maritime Acquisition Corp has a market cap of $409.85 million; its shares were traded at around $14.38 with P/E ratio of 178.74.
Sold Out: The Home Depot Inc. (HD)
Seth Klarman sold out his holdings in Specialty Retailers company The Home Depot Inc.. His sale prices were between $32.44 and $40.61, with an estimated average price of $36.2. The impact to his portfolio due to this sale was less than 0.01%. The Home Depot Inc. has a market cap of $58.05 billion; its shares were traded at around $29.12 with P/E ratio of 11.61 and P/S ratio of 0.64. The dividend yield of The Home Depot Inc. stocks is 3.2%.
Sold Out: General Finance Corp. (GFN)
Seth Klarman sold out his holdings in Nonequity Investment Instruments company General Finance Corp.. His sale prices were between $7.5 and $8, with an estimated average price of $7.8. The impact to his portfolio due to this sale was less than 0.01%.
General Finance Corporation, through its subsidiaries, engages in the lease and sale of portable storage containers, portable container buildings, and freight containers in Australia. General Finance Corp. has a market cap of $99.75 million; its shares were traded at around $9.2.
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Seth Klarman buys EXTERRAN HOLDINGS, Broadridge Financial Solutions Inc., A.C. Moore Arts & Crafts Inc., ALTERNATIVE ASSET MANAGEMENT ACQUISITION CORP, GSC ACQUISITION COMPANY, Ituran Location and Control Ltd., sells Star Maritime Acquisition Corp, Hanover Compressor Company, The Home Depot Inc., General Finance Corp. during the 3-months ended 09/30/2007, according to the most recent filings of his investment company, The Baupost Group. Seth Klarman owns 53 stocks with a total value of $955 million. These are the details of the buys and sells.
New Purchases: ACMR, AMV, BR, EXH, GGA, ITRN,
Added Positions: CORE, ELOS, FAF, FRH, HRZ, MGAM, NWS-A, UFS,
Reduced Positions: PRTS, SCHS, SLM,
Sold Out: GFN, HC, HD, SEA,
Added: News Corp. (NWS-A)
Seth Klarman added to his holdings in Broadcasting & Entertainment company News Corp. by 210.63%. His purchase prices were between $20.17 and $22.65, with an estimated average price of $21.2. The impact to his portfolio due to this purchase was 9.54%. His holdings were 6,113,600 shares as of 09/30/2007.
News Corporation operates as an entertainment company. It operates in eight segments: Filmed Entertainment, Television, Cable Network Programming, Direct Broadcast Satellite Television, Magazines and Inserts, Newspapers, Book Publishing, and Other. News Corp. has a market cap of $65.54 billion; its shares were traded at around $23.02 with P/E ratio of 19.47 and P/S ratio of 2.31. The dividend yield of News Corp. stocks is 0.5%.
Added: Domtar Corp. (UFS, Financial)
Seth Klarman added to his holdings in Paper company Domtar Corp. by 187.88%. His purchase prices were between $7.22 and $11.21, with an estimated average price of $8.9. The impact to his portfolio due to this purchase was 5.32%. His holdings were 9,500,000 shares as of 09/30/2007.
Domtar Corporation, through its subsidiaries, operates as an integrated producer of uncoated free sheet paper and manufacturer of paper grade market pulp in North America. Domtar Corp. has a market cap of $4.01 billion; its shares were traded at around $7.79 with P/E ratio of 13.29 and P/S ratio of 0.93.
Added: The First American Corp. (FAF, Financial)
Seth Klarman added to his holdings in Property & Casualty Insurance company The First American Corp. by 40.98%. His purchase prices were between $36.57 and $51.7, with an estimated average price of $43.3. The impact to his portfolio due to this purchase was 1.58%. His holdings were 1,417,973 shares as of 09/30/2007.
The First American Corporation, through its subsidiaries, provides business information and related products and services in the United States and internationally. The First American Corp. has a market cap of $3.18 billion; its shares were traded at around $34.26 with P/E ratio of 20.12 and P/S ratio of 0.37. The dividend yield of The First American Corp. stocks is 2.7%.
Added: Horizon Lines Inc. (HRZ, Financial)
Seth Klarman added to his holdings in Marine Transportation company Horizon Lines Inc. by 81.43%. His purchase prices were between $26.39 and $35.4, with an estimated average price of $29.6. The impact to his portfolio due to this purchase was 1.2%. His holdings were 840,000 shares as of 09/30/2007.
Horizon Lines, Inc., through its subsidiaries, engages in container shipping and integrated logistics operations. The company also offers inland cargo trucking and logistics through its own trucking operations and relationships etc. Horizon Lines Inc. has a market cap of $920.36 million; its shares were traded at around $28.72 with P/E ratio of 33.35 and P/S ratio of 0.80. The dividend yield of Horizon Lines Inc. stocks is 1.6%.
Added: Freedom Acquisition Holdings Inc (FRH, Financial)
Seth Klarman added to his holdings in Specialty Finance company Freedom Acquisition Holdings Inc by 55.56%. His purchase prices were between $10.14 and $12.09, with an estimated average price of $10.7. The impact to his portfolio due to this purchase was 1.18%. His holdings were 2,800,000 shares as of 09/30/2007.
Freedom Acquisition Holdings, Inc. does not have significant operations. It intends to acquire an operating business or businesses through a merger, stock exchange, asset acquisition, reorganization, or business combination. Freedom Acquisition Holdings Inc has a market cap of $ million; its shares were traded at around $13.7 .
Added: Syneron Medical Ltd. (ELOS, Financial)
Seth Klarman added to his holdings in Medical Equipment company Syneron Medical Ltd. by 18.99%. His purchase prices were between $22.62 and $25.17, with an estimated average price of $23.8. The impact to his portfolio due to this purchase was 0.91%. His holdings were 2,300,000 shares as of 09/30/2007.
Syneron Medical, Ltd. engages in the design, development, and marketing of aesthetic medical products based on its proprietary electro-optical synergy technology. Syneron Medical Ltd. has a market cap of $470.69 million; its shares were traded at around $17.21 with P/E ratio of 11.55 and P/S ratio of 3.52.
Added: Multimedia Games Inc. (MGAM, Financial)
Seth Klarman added to his holdings in Gambling company Multimedia Games Inc. by 18.82%. His purchase prices were between $8.52 and $12.79, with an estimated average price of $10.1. The impact to his portfolio due to this purchase was 0.22%. His holdings were 1,555,168 shares as of 09/30/2007.
Multimedia Games, Inc. operates as a supplier of central-determinant driven online gaming systems and as a provider of linked, interactive electronic gaming systems, and content to place gaming systems and terminals in the Native American, etc. Multimedia Games Inc. has a market cap of $202.49 million; its shares were traded at around $7.93 with P/S ratio of 1.69.
Added: Core Mark Holding Co Inc (CORE, Financial)
Seth Klarman added to his holdings in Food Retailers & Wholesalers company Core Mark Holding Co Inc by 6.35%. His purchase prices were between $31.13 and $36.75, with an estimated average price of $33.8. The impact to his portfolio due to this purchase was 0.1%. His holdings were 449,060 shares as of 09/30/2007.
Core-Mark Holding Company, Inc. operates as a wholesale distributor of packaged consumer products to the convenience retail industry in North America. It provides sales and marketing, distribution, and logistics services to customers. Core Mark Holding Co Inc has a market cap of $330.39 million; its shares were traded at around $31.89 with P/E ratio of 12.80 and P/S ratio of 0.08.
New Purchase: EXTERRAN HOLDINGS (EXH, Financial)
Seth Klarman initiated holdings in Food Retailers & Wholesalers company EXTERRAN HOLDINGS. His purchase prices were between $77.12 and $80.34, with an estimated average price of $78.5. The impact to his portfolio due to this purchase was 8.08%. His holdings were 960,667 shares as of 09/30/2007.
Exterran Holdings, Inc. provides natural gas compression services, as well as offers operations, maintenance, fabrication, sales, service, and equipment for oil and gas production, processing, and transportation applications. EXTERRAN HOLDINGS has a market cap of $5.78 billion; its shares were traded at around $87.33 with P/S ratio of 2.63.
New Purchase: Broadridge Financial Solutions Inc. (BR, Financial)
Seth Klarman initiated holdings in Financial Administration company Broadridge Financial Solutions Inc.. His purchase prices were between $16.65 and $19.98, with an estimated average price of $18.4. The impact to his portfolio due to this purchase was 4.44%. His holdings were 2,237,000 shares as of 09/30/2007.
Broadridge Financial Solutions, Inc. provides technology-based outsourcing solutions to the financial services industry. It operates in three segments: Investor Communication Solutions, Securities Processing Solutions, and Clearing and Outsourcing etc. Broadridge Financial Solutions Inc. has a market cap of $2.99 billion; its shares were traded at around $21.65 with P/E ratio of 15.15 and P/S ratio of 1.39. The dividend yield of Broadridge Financial Solutions Inc. stocks is 1.1%.
New Purchase: A.C. Moore Arts & Crafts Inc. (ACMR, Financial)
Seth Klarman initiated holdings in Specialty Retailers company A.C. Moore Arts & Crafts Inc.. His purchase prices were between $15.76 and $20.89, with an estimated average price of $18.3. The impact to his portfolio due to this purchase was 1.78%. His holdings were 1,078,236 shares as of 09/30/2007.
A.C. Moore Arts & Crafts, Inc. operates as a specialty retailer of arts, crafts, and floral merchandise in the eastern region of the United States. A.C. Moore Arts & Crafts Inc. has a market cap of $339.79 million; its shares were traded at around $16.96 with P/E ratio of 81.36 and P/S ratio of 0.59.
New Purchase: ALTERNATIVE ASSET MANAGEMENT ACQUISITION CORP (AMV)
Seth Klarman initiated holdings in Specialty Retailers company ALTERNATIVE ASSET MANAGEMENT ACQUISITION CORP. His purchase prices were between $8.82 and $9.07, with an estimated average price of $9. The impact to his portfolio due to this purchase was 1.38%. His holdings were 1,500,000 shares as of 09/30/2007.
Hanover-STC Acquisition Corp. does not have significant operations. It intends to acquire one or more businesses or assets through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination etc. ALTERNATIVE ASSET MANAGEMENT ACQUISITION CORP has a market cap of $477.14 million; its shares were traded at around $9.24 .
New Purchase: GSC ACQUISITION COMPANY (GGA)
Seth Klarman initiated holdings in Specialty Retailers company GSC ACQUISITION COMPANY. His purchase prices were between $9.05 and $9.3, with an estimated average price of $9.2. The impact to his portfolio due to this purchase was 0.82%. His holdings were 850,000 shares as of 09/30/2007.
GSC Acquisition Company does not have significant operations. It intends to acquire, through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination, one or more unidentified businesses. GSC ACQUISITION COMPANY has a market cap of $231.84 million; its shares were traded at around $9.34 .
New Purchase: Ituran Location and Control Ltd. (ITRN)
Seth Klarman initiated holdings in Consumer Electronics company Ituran Location and Control Ltd.. His purchase prices were between $11.5 and $13.54, with an estimated average price of $12.4. The impact to his portfolio due to this purchase was 0.71%. His holdings were 560,407 shares as of 09/30/2007.
Ituran Location and Control, Ltd. provides location-based services principally consisting of stolen vehicle recovery and tracking services primarily in Israel, Brazil, Argentina, and the United States. Ituran Location and Control Ltd. has a market cap of $248.82 million; its shares were traded at around $10.68 with P/E ratio of 13.47 and P/S ratio of 2.22. The dividend yield of Ituran Location and Control Ltd. stocks is 1.9%.
Reduced: SLM Corp. (SLM)
Seth Klarman reduced to his holdings in Consumer Finance company SLM Corp. by 67.09%. His sale prices were between $47.88 and $57.9, with an estimated average price of $50. The impact to his portfolio due to this sale was 4.4%. Seth Klarman still held 1,415,000 shares as of 09/30/2007.
SLM Corporation, through its subsidiaries, provides education finance in the United States. It originates and holds student loans by providing funding, delivery, and servicing support for education loans. SLM Corp. has a market cap of $16.9 billion; its shares were traded at around $41.5 with P/E ratio of 22.25 and P/S ratio of 6.06. The dividend yield of SLM Corp. stocks is 2.5%.
Reduced: School Specialty Inc. (SCHS)
Seth Klarman reduced to his holdings in Business Support Services company School Specialty Inc. by 40.85%. His sale prices were between $33.47 and $36.7, with an estimated average price of $35.6. The impact to his portfolio due to this sale was 1.55%. Seth Klarman still held 602,724 shares as of 09/30/2007.
School Specialty, Inc. and its subsidiaries provide supplemental educational products and equipment to the pre-kindergarten through twelfth grade education market in the United States and Canada. School Specialty Inc. has a market cap of $718.66 million; its shares were traded at around $34.99 with P/E ratio of 35.76 and P/S ratio of 0.69.
Reduced: U.S. Auto Parts Network Inc. (PRTS)
Seth Klarman reduced to his holdings in Auto Parts company U.S. Auto Parts Network Inc. by 77.32%. His sale prices were between $8.2 and $9.55, with an estimated average price of $8.8. The impact to his portfolio due to this sale was 0.11%. Seth Klarman still held 220,406 shares as of 09/30/2007.
U.S. Auto Parts Network, Inc. operates as an online retailer of aftermarket auto parts and accessories primarily in the United States. The company principally sells its products to individual consumers through a network of Web sites and online marketing. U.S. Auto Parts Network Inc. has a market cap of $216.29 million; its shares were traded at around $7.25 with P/E ratio of 154.26 and P/S ratio of 1.34.
Sold Out: Hanover Compressor Company (HC)
Seth Klarman sold out his holdings in Oil Equipment & Services company Hanover Compressor Company. His sale prices were between $22.83 and $26.43, with an estimated average price of $24.9. The impact to his portfolio due to this sale was less than 0.01%. Its shares were traded at around $25.39 .
Sold Out: Star Maritime Acquisition Corp (SEA)
Seth Klarman sold out his holdings in Nonequity Investment Instruments company Star Maritime Acquisition Corp. His sale prices were between $11.52 and $14.01, with an estimated average price of $12.7. The impact to his portfolio due to this sale was less than 0.01%.
Star Maritime Acquisition Corp. does not have significant operations. It intends to acquire, through a merger, capital stock exchange, asset acquisition, or similar business combination, one or more target businesses in the shipping industry. Star Maritime Acquisition Corp has a market cap of $409.85 million; its shares were traded at around $14.38 with P/E ratio of 178.74.
Sold Out: The Home Depot Inc. (HD)
Seth Klarman sold out his holdings in Specialty Retailers company The Home Depot Inc.. His sale prices were between $32.44 and $40.61, with an estimated average price of $36.2. The impact to his portfolio due to this sale was less than 0.01%. The Home Depot Inc. has a market cap of $58.05 billion; its shares were traded at around $29.12 with P/E ratio of 11.61 and P/S ratio of 0.64. The dividend yield of The Home Depot Inc. stocks is 3.2%.
Sold Out: General Finance Corp. (GFN)
Seth Klarman sold out his holdings in Nonequity Investment Instruments company General Finance Corp.. His sale prices were between $7.5 and $8, with an estimated average price of $7.8. The impact to his portfolio due to this sale was less than 0.01%.
General Finance Corporation, through its subsidiaries, engages in the lease and sale of portable storage containers, portable container buildings, and freight containers in Australia. General Finance Corp. has a market cap of $99.75 million; its shares were traded at around $9.2.
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