Mohnish Pabrai had a rough third quarter, as some of his holdings are hard hit by the credit crisis. These are his buys and sells for the third quarter. He owns 14 stocks.
Mohnish Pabrai buys Stamps.com Inc., sells Lear Corp., IPSCO Inc. during the 3-months ended 09/30/2007, according to the most recent filings of his investment company, Pabrai Mohnish. Mohnish Pabrai owns 14 stocks with a total value of $453 million. These are the details of the buys and sells.
New Purchases: STMP,
Added Positions: BRK-B, CCRT, FFH, PNCL, TX,
Reduced Positions: SGU, CRYP, CRYP, CRYP,
Sold Out: LEA,
Added: Berkshire Hathaway Inc. (BRK-B)
Mohnish Pabrai added to his holdings in Property & Casualty Insurance company Berkshire Hathaway Inc. by 13.88%. His purchase prices were between $3599 and $3996, with an estimated average price of $3808.9. The impact to his portfolio due to this purchase was 1.86%. His holdings were 17,520 shares as of 09/30/2007. Its shares were traded at around $4029 .
Added: Ternium S.A. (TX, Financial)
Mohnish Pabrai added to his holdings in Steel company Ternium S.A. by 14.68%. His purchase prices were between $25.07 and $32.95, with an estimated average price of $30.4. The impact to his portfolio due to this purchase was 1.67%. His holdings were 1,883,544 shares as of 09/30/2007.
Ternium S.A., through its subsidiaries, engages in the manufacture and distribution of flat and long steel products. It operates in three segments: Flat Steel Products, Long Steel Products, and Others. Ternium S.A. has a market cap of $7.5 billion; its shares were traded at around $37.96 with P/E ratio of 8.76 and P/S ratio of 1.07. The dividend yield of Ternium S.A. stocks is 1.3%.
Added: Fairfax Financial Holdings Ltd. (FFH, Financial)
Mohnish Pabrai added to his holdings in Property & Casualty Insurance company Fairfax Financial Holdings Ltd. by 6.4%. His purchase prices were between $187.45 and $260.57, with an estimated average price of $211.9. The impact to his portfolio due to this purchase was 1.02%. His holdings were 316,089 shares as of 09/30/2007.
Fairfax Financial Holdings Limited, through its subsidiaries, engages in property and casualty insurance and reinsurance, investment management, and insurance claims management activities. Fairfax Financial Holdings Ltd. has a market cap of $4.81 billion; its shares were traded at around $268.5 with P/E ratio of 7.70 and P/S ratio of 0.71. The dividend yield of Fairfax Financial Holdings Ltd. stocks is 1%.
Added: CompuCredit Corp. (CCRT, Financial)
Mohnish Pabrai added to his holdings in Consumer Finance company CompuCredit Corp. by 12.12%. His purchase prices were between $20.81 and $33.8, with an estimated average price of $24.8. The impact to his portfolio due to this purchase was 0.94%. His holdings were 1,806,801 shares as of 09/30/2007.
CompuCredit Corporation provides credit and related financial services and products to underserved and un-banked consumers. It operates through four segments: Credit Cards; Investments in Previously Charged-Off Receivables; Retail Micro-Loans; etc. CompuCredit Corp. has a market cap of $668.87 million; its shares were traded at around $13.28 with P/S ratio of 1.04.
Added: Pinnacle Airlines Corp. (PNCL, Financial)
Mohnish Pabrai added to his holdings in Airlines company Pinnacle Airlines Corp. by 3.46%. His purchase prices were between $15.18 and $19.49, with an estimated average price of $16.7. The impact to his portfolio due to this purchase was 0.17%. His holdings were 1,426,276 shares as of 09/30/2007.
Pinnacle Airlines Corp., through its subsidiaries, operates as a regional airline that provides airline capacity to Northwest Airlines Corporation (Northwest) in the United States. Pinnacle Airlines Corp. has a market cap of $288.87 million; its shares were traded at around $14.37 with P/E ratio of 5.11 and P/S ratio of 0.37.
New Purchase: Stamps.com Inc. (STMP, Financial)
Mohnish Pabrai initiated holdings in Specialized Consumer Services company Stamps.com Inc.. His purchase prices were between $11.52 and $13.96, with an estimated average price of $12.4. The impact to his portfolio due to this purchase was 2.64%. His holdings were 1,000,001 shares as of 09/30/2007.
Stamps.com, Inc. provides Internet-based postage solutions. The company offers United States Postal Service-approved PC Postage service, which enables users to print information-based indicia or electronic stamps directly onto envelopes, plain papers etc. Stamps.com Inc. has a market cap of $259.46 million; its shares were traded at around $12.75 with P/E ratio of 21.11 and P/S ratio of 3.05.
Reduced: Star Gas Partners L.P. (SGU, Financial)
Mohnish Pabrai reduced to his holdings in Gas Distribution company Star Gas Partners L.P. by 41.78%. His sale prices were between $3.95 and $4.95, with an estimated average price of $4.4. The impact to his portfolio due to this sale was 0.3%. Mohnish Pabrai still held 421,793 shares as of 09/30/2007.
Star Gas Partners, L.P. operates as a home heating oil distributor and services provider in the United States. It sells home heating oil; installs, maintains, and repairs heating and air conditioning equipment; and markets other petroleum products. Star Gas Partners L.P. has a market cap of $288.70 million; its shares were traded at around $3.92 with P/E ratio of 11.41 and P/S ratio of 0.23.
Sold Out: Lear Corp. (LEA, Financial)
Mohnish Pabrai sold out his holdings in Auto Parts company Lear Corp.. His sale prices were between $28.36 and $38.75, with an estimated average price of $32.1. The impact to his portfolio due to this sale was less than 0.01%.
Lear Corporation and its subsidiaries engage in the design, manufacture, and sale of automotive seat, electrical distribution, and electronic products in the United States. Lear Corp. has a market cap of $2.6 billion; its shares were traded at around $34.3 with P/S ratio of 0.16.
Mohnish Pabrai buys Stamps.com Inc., sells Lear Corp., IPSCO Inc. during the 3-months ended 09/30/2007, according to the most recent filings of his investment company, Pabrai Mohnish. Mohnish Pabrai owns 14 stocks with a total value of $453 million. These are the details of the buys and sells.
New Purchases: STMP,
Added Positions: BRK-B, CCRT, FFH, PNCL, TX,
Reduced Positions: SGU, CRYP, CRYP, CRYP,
Sold Out: LEA,
Added: Berkshire Hathaway Inc. (BRK-B)
Mohnish Pabrai added to his holdings in Property & Casualty Insurance company Berkshire Hathaway Inc. by 13.88%. His purchase prices were between $3599 and $3996, with an estimated average price of $3808.9. The impact to his portfolio due to this purchase was 1.86%. His holdings were 17,520 shares as of 09/30/2007. Its shares were traded at around $4029 .
Added: Ternium S.A. (TX, Financial)
Mohnish Pabrai added to his holdings in Steel company Ternium S.A. by 14.68%. His purchase prices were between $25.07 and $32.95, with an estimated average price of $30.4. The impact to his portfolio due to this purchase was 1.67%. His holdings were 1,883,544 shares as of 09/30/2007.
Ternium S.A., through its subsidiaries, engages in the manufacture and distribution of flat and long steel products. It operates in three segments: Flat Steel Products, Long Steel Products, and Others. Ternium S.A. has a market cap of $7.5 billion; its shares were traded at around $37.96 with P/E ratio of 8.76 and P/S ratio of 1.07. The dividend yield of Ternium S.A. stocks is 1.3%.
Added: Fairfax Financial Holdings Ltd. (FFH, Financial)
Mohnish Pabrai added to his holdings in Property & Casualty Insurance company Fairfax Financial Holdings Ltd. by 6.4%. His purchase prices were between $187.45 and $260.57, with an estimated average price of $211.9. The impact to his portfolio due to this purchase was 1.02%. His holdings were 316,089 shares as of 09/30/2007.
Fairfax Financial Holdings Limited, through its subsidiaries, engages in property and casualty insurance and reinsurance, investment management, and insurance claims management activities. Fairfax Financial Holdings Ltd. has a market cap of $4.81 billion; its shares were traded at around $268.5 with P/E ratio of 7.70 and P/S ratio of 0.71. The dividend yield of Fairfax Financial Holdings Ltd. stocks is 1%.
Added: CompuCredit Corp. (CCRT, Financial)
Mohnish Pabrai added to his holdings in Consumer Finance company CompuCredit Corp. by 12.12%. His purchase prices were between $20.81 and $33.8, with an estimated average price of $24.8. The impact to his portfolio due to this purchase was 0.94%. His holdings were 1,806,801 shares as of 09/30/2007.
CompuCredit Corporation provides credit and related financial services and products to underserved and un-banked consumers. It operates through four segments: Credit Cards; Investments in Previously Charged-Off Receivables; Retail Micro-Loans; etc. CompuCredit Corp. has a market cap of $668.87 million; its shares were traded at around $13.28 with P/S ratio of 1.04.
Added: Pinnacle Airlines Corp. (PNCL, Financial)
Mohnish Pabrai added to his holdings in Airlines company Pinnacle Airlines Corp. by 3.46%. His purchase prices were between $15.18 and $19.49, with an estimated average price of $16.7. The impact to his portfolio due to this purchase was 0.17%. His holdings were 1,426,276 shares as of 09/30/2007.
Pinnacle Airlines Corp., through its subsidiaries, operates as a regional airline that provides airline capacity to Northwest Airlines Corporation (Northwest) in the United States. Pinnacle Airlines Corp. has a market cap of $288.87 million; its shares were traded at around $14.37 with P/E ratio of 5.11 and P/S ratio of 0.37.
New Purchase: Stamps.com Inc. (STMP, Financial)
Mohnish Pabrai initiated holdings in Specialized Consumer Services company Stamps.com Inc.. His purchase prices were between $11.52 and $13.96, with an estimated average price of $12.4. The impact to his portfolio due to this purchase was 2.64%. His holdings were 1,000,001 shares as of 09/30/2007.
Stamps.com, Inc. provides Internet-based postage solutions. The company offers United States Postal Service-approved PC Postage service, which enables users to print information-based indicia or electronic stamps directly onto envelopes, plain papers etc. Stamps.com Inc. has a market cap of $259.46 million; its shares were traded at around $12.75 with P/E ratio of 21.11 and P/S ratio of 3.05.
Reduced: Star Gas Partners L.P. (SGU, Financial)
Mohnish Pabrai reduced to his holdings in Gas Distribution company Star Gas Partners L.P. by 41.78%. His sale prices were between $3.95 and $4.95, with an estimated average price of $4.4. The impact to his portfolio due to this sale was 0.3%. Mohnish Pabrai still held 421,793 shares as of 09/30/2007.
Star Gas Partners, L.P. operates as a home heating oil distributor and services provider in the United States. It sells home heating oil; installs, maintains, and repairs heating and air conditioning equipment; and markets other petroleum products. Star Gas Partners L.P. has a market cap of $288.70 million; its shares were traded at around $3.92 with P/E ratio of 11.41 and P/S ratio of 0.23.
Sold Out: Lear Corp. (LEA, Financial)
Mohnish Pabrai sold out his holdings in Auto Parts company Lear Corp.. His sale prices were between $28.36 and $38.75, with an estimated average price of $32.1. The impact to his portfolio due to this sale was less than 0.01%.
Lear Corporation and its subsidiaries engage in the design, manufacture, and sale of automotive seat, electrical distribution, and electronic products in the United States. Lear Corp. has a market cap of $2.6 billion; its shares were traded at around $34.3 with P/S ratio of 0.16.
