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Third Avenue Management Buys Genesee & Wyoming Inc., MBIA Inc., Forest City Enterprises Inc., Sells The TorontoDominion Bank, ACE Ltd., St. Jude Medical Inc.

Third Avenue Management, founded by legendary investor Marty Whitman, looks for cheap and safe investments. They had some quite contrarian plays these days with MBIA, Radian, Ambac etc. Third Avenue Management owns 173 stocks with a total value of $10.5 billion. These are the details of the buys and sells.

Third Avenue Management buys Genesee & Wyoming Inc., Allianz SE, iPath Dow Jones AIG Agriculture Total Re, Castlepoint Holdings Ltd., UltraShort FTSE/Xinhua China 25 ProShare, UltraShort MSCI Emerging Markets ProShar, PZENA INVESTMENT MANAGEMENT INC, REIS, INC, HKN Inc, CRM Holdings Ltd., ABITIBIBOWATER INC, ABITIBIBOWATER INC, sells The TorontoDominion Bank, ACE Ltd., St. Jude Medical Inc., CNX Gas Corp., The First American Corp., Comstock Resources Inc., Aspen Insurance Holdings Ltd., Investment Technology Group Inc., Willbros Group Inc., PAREXEL International Corp., American Financial Realty Trust, A.S.V. Inc., Stewart Information Services Corp., Tompkins Financial Corp., CapLease Inc., Mercer International Inc., Quadra Realty Trust Inc., Greenlight Capital Re Ltd., Haynes International Inc. during the 3-months ended 03/31/2008, according to the most recent filings of his investment company, Third Avenue Management. Third Avenue Management owns 173 stocks with a total value of $10.5 billion. These are the details of the buys and sells.

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

Added: MBIA Inc. (MBI)

Third Avenue Management added to his holdings in MBIA Inc. by 148.49%. His purchase prices were between $8.55 and $17.56, with an estimated average price of $13.3. The impact to his portfolio due to this purchase was 2.37%. His holdings were 34,226,837 shares as of 03/31/2008.

MBIA, Inc. provides financial guarantee insurance and credit protection products, as well as investment management services to public finance and structured finance issuers, investors, and capital market participants worldwide. MBIA Inc. has a market cap of $2.2 billion; its shares were traded at around $9.3 . The dividend yield of MBIA Inc. stocks is 13.1%.

Added: Forest City Enterprises Inc. (FCE-A)

Third Avenue Management added to his holdings in Forest City Enterprises Inc. by 9.24%. His purchase prices were between $35.15 and $41.53, with an estimated average price of $37.2. The impact to his portfolio due to this purchase was 0.59%. His holdings were 20,134,113 shares as of 03/31/2008.

Forest City Enterprises, Inc. owns, develops, manages, and acquires commercial and residential real estate properties in the United States. Its Commercial Group owns, develops, and operates regional malls, specialty/urban retail centers, Forest City Enterprises Inc. has a market cap of $4.23 billion; its shares were traded at around $41.14 with a P/E ratio of 81.47 and P/S ratio of 3.21. The dividend yield of Forest City Enterprises Inc. stocks is 0.6%.

Added: CIT Group Inc. (CIT)

Third Avenue Management added to his holdings in CIT Group Inc. by 134.64%. His purchase prices were between $9.55 and $30.13, with an estimated average price of $20.6. The impact to his portfolio due to this purchase was 0.55%. His holdings were 8,545,645 shares as of 03/31/2008.

CIT Group, Inc., a commercial finance company, provides a set of financial products and services worldwide. Its products primarily include asset based loans; secured lines of credit; operating, capital, and leveraged leases; CIT Group Inc. has a market cap of $2.18 billion; its shares were traded at around $11.41 with P/S ratio of 0.72. The dividend yield of CIT Group Inc. stocks is 3.3%.

Added: Alliance Data Systems Corp. (ADS)

Third Avenue Management added to his holdings in Alliance Data Systems Corp. by 51.98%. His purchase prices were between $45.5 and $72, with an estimated average price of $55.8. The impact to his portfolio due to this purchase was 0.48%. His holdings were 3,098,470 shares as of 03/31/2008.

Alliance Data Systems Corporation, together with its subsidiaries, provides data-driven and transaction-based marketing and customer loyalty solutions. Alliance Data Systems Corp. has a market cap of $4.67 billion; its shares were traded at around $59.45 with a P/E ratio of 30.66 and P/S ratio of 2.00.

Added: Ambac Financial Group Inc. (ABK)

Third Avenue Management added to his holdings in Ambac Financial Group Inc. by 279.42%. His purchase prices were between $5.81 and $24.22, with an estimated average price of $11.4. The impact to his portfolio due to this purchase was 0.41%. His holdings were 10,243,859 shares as of 03/31/2008.

Ambac Financial Group, Inc., through its subsidiaries, provides financial guarantee products and other financial services to clients in the public and private sectors worldwide. Ambac Financial Group Inc. has a market cap of $1.12 billion; its shares were traded at around $3.9 . The dividend yield of Ambac Financial Group Inc. stocks is 0.8%.

Added: Legg Mason Inc. (LM)

Third Avenue Management added to his holdings in Legg Mason Inc. by 21.65%. His purchase prices were between $54.12 and $73.17, with an estimated average price of $66. The impact to his portfolio due to this purchase was 0.38%. His holdings were 4,067,311 shares as of 03/31/2008.

Legg Mason, Inc., an asset management company, provides investment management and related services to institutional and individual clients, company-sponsored mutual funds, and other investment vehicles worldwide. Legg Mason Inc. has a market cap of $7.52 billion; its shares were traded at around $55.75 with a P/E ratio of 11.58 and P/S ratio of 1.59. The dividend yield of Legg Mason Inc. stocks is 1.7%.

Added: EastGroup Properties Inc. (EGP)

Third Avenue Management added to his holdings in EastGroup Properties Inc. by 164.45%. His purchase prices were between $40.01 and $46.75, with an estimated average price of $42.5. The impact to his portfolio due to this purchase was 0.29%. His holdings were 1,060,171 shares as of 03/31/2008.

EastGroup Properties, Inc., a real estate investment trust (REIT), focuses on the development, acquisition, and operation of industrial properties in the United States. EastGroup Properties Inc. has a market cap of $1.14 billion; its shares were traded at around $47.95 with a P/E ratio of 39.89 and P/S ratio of 7.33. The dividend yield of EastGroup Properties Inc. stocks is 4.5%.

Added: Electronics for Imaging Inc. (EFII)

Third Avenue Management added to his holdings in Electronics for Imaging Inc. by 54.49%. His purchase prices were between $12.88 and $20.19, with an estimated average price of $14.8. The impact to his portfolio due to this purchase was 0.28%. His holdings were 5,588,949 shares as of 03/31/2008.

Electronics For Imaging, Inc. (EFI) manufactures color digital print controllers, format printers and inks, and print management solutions worldwide. The company's controller products are stand-alone servers that connect digital copiers with computers. Electronics for Imaging Inc. has a market cap of $800.83 million; its shares were traded at around $14.89 with a P/E ratio of 44.71 and P/S ratio of 1.31.

Added: Cousins Properties Inc. (CUZ)

Third Avenue Management added to his holdings in Cousins Properties Inc. by 79.34%. His purchase prices were between $20.32 and $27.12, with an estimated average price of $23.7. The impact to his portfolio due to this purchase was 0.21%. His holdings were 2,021,896 shares as of 03/31/2008.

Cousins Properties Incorporated, a real estate investment trust (REIT), owns, develops, and manages real estate portfolio, as well as performs certain real estate-related services in the United States. Cousins Properties Inc. has a market cap of $1.43 billion; its shares were traded at around $27.9 with a P/E ratio of 81.58 and P/S ratio of 8.84. The dividend yield of Cousins Properties Inc. stocks is 5.5%.

Added: LouisianaPacific Corp. (LPX)

Third Avenue Management added to his holdings in LouisianaPacific Corp. by 41.28%. His purchase prices were between $8.7 and $14.94, with an estimated average price of $11.8. The impact to his portfolio due to this purchase was 0.2%. His holdings were 7,675,516 shares as of 03/31/2008.

Louisiana-Pacific Corporation engages in the manufacture and distribution of building products for new home construction, repair and remodeling, and manufactured housing. LouisianaPacific Corp. has a market cap of $1.13 billion; its shares were traded at around $10.99 with P/S ratio of 0.67. The dividend yield of LouisianaPacific Corp. stocks is 5.3%.

Added: Encore Wire Corp. (WIRE)

Third Avenue Management added to his holdings in Encore Wire Corp. by 36.72%. His purchase prices were between $15.43 and $18.18, with an estimated average price of $16.4. The impact to his portfolio due to this purchase was 0.19%. His holdings were 3,964,861 shares as of 03/31/2008.

Encore Wire Corporation manufactures copper electrical building wire and cable in the United States. It supplies residential wire for interior electrical wiring in homes, apartments, and manufactured housing; and commercial wire. Encore Wire Corp. has a market cap of $556.55 million; its shares were traded at around $24.01 with a P/E ratio of 14.94 and P/S ratio of 0.47. The dividend yield of Encore Wire Corp. stocks is 0.3%.

Added: Westlake Chemical Corp. (WLK)

Third Avenue Management added to his holdings in Westlake Chemical Corp. by 32.69%. His purchase prices were between $13.01 and $21.87, with an estimated average price of $16.5. The impact to his portfolio due to this purchase was 0.19%. His holdings were 6,155,960 shares as of 03/31/2008.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated products. It operates in two segments, Olefins and Vinyls. Westlake Chemical Corp. has a market cap of $1.11 billion; its shares were traded at around $16.97 with a P/E ratio of 11.03 and P/S ratio of 0.32. The dividend yield of Westlake Chemical Corp. stocks is 1.2%.

Added: Sycamore Networks Inc. (SCMR)

Third Avenue Management added to his holdings in Sycamore Networks Inc. by 27.71%. His purchase prices were between $3.27 and $3.58, with an estimated average price of $3.5. The impact to his portfolio due to this purchase was 0.19%. His holdings were 24,909,525 shares as of 03/31/2008.

Sycamore Networks, Inc. engages in developing and marketing intelligent bandwidth management solutions for fixed line and mobile network operators worldwide. Sycamore Networks Inc. has a market cap of $941.82 million; its shares were traded at around $3.32 with a P/E ratio of 54.43 and P/S ratio of 5.76.

Added: Tellabs Inc. (TLAB)

Third Avenue Management added to his holdings in Tellabs Inc. by 14.89%. His purchase prices were between $5.37 and $6.91, with an estimated average price of $6.2. The impact to his portfolio due to this purchase was 0.16%. His holdings were 23,199,631 shares as of 03/31/2008.

Tellabs, Inc. designs, develops, deploys, and supports telecommunications networking products for telecommunications service providers. Its products include solutions for wireline and wireless transport, access networking, broadband data, etc. Tellabs Inc. has a market cap of $2.19 billion; its shares were traded at around $5.5 with a P/E ratio of 42.31 and P/S ratio of 1.12.

Added: Cross Country Healthcare Inc. (CCRN)

Third Avenue Management added to his holdings in Cross Country Healthcare Inc. by 36.49%. His purchase prices were between $10.86 and $12.71, with an estimated average price of $11.8. The impact to his portfolio due to this purchase was 0.15%. His holdings were 4,651,705 shares as of 03/31/2008.

Cross Country Healthcare, Inc., through its subsidiaries, provides healthcare staffing services in the United States. It offers travel nurse staffing services, as well as travel allied health professional staffing and per diem nurse staffing services. Cross Country Healthcare Inc. has a market cap of $455.57 million; its shares were traded at around $14.69 with a P/E ratio of 19.41 and P/S ratio of 0.64.

Added: USG Corp. (USG)

Third Avenue Management added to his holdings in USG Corp. by 7.94%. His purchase prices were between $31.25 and $38.25, with an estimated average price of $34.2. The impact to his portfolio due to this purchase was 0.15%. His holdings were 6,015,401 shares as of 03/31/2008.

USG Corporation, through its subsidiaries, engages in the manufacture and distribution of building materials worldwide. The company manufactures and markets gypsum and related products, including gypsum wallboard, lines of joint compounds. USG Corp. has a market cap of $3.53 billion; its shares were traded at around $35.64 with P/S ratio of 0.70.

Added: Bronco Drilling Company Inc. (BRNC)

Third Avenue Management added to his holdings in Bronco Drilling Company Inc. by 18.1%. His purchase prices were between $13.42 and $16.13, with an estimated average price of $15.3. The impact to his portfolio due to this purchase was 0.14%. His holdings were 6,105,963 shares as of 03/31/2008.

Bronco Drilling Company, Inc. provides contract land drilling and workover services to oil and natural gas exploration and production companies in the United States. Bronco Drilling Company Inc. has a market cap of $456.82 million; its shares were traded at around $17.39 with a P/E ratio of 12.08 and P/S ratio of 1.51.

Added: Brookfield Asset Management Inc. Ltd. (BAM)

Third Avenue Management added to his holdings in Brookfield Asset Management Inc. Ltd. by 2.12%. His purchase prices were between $26.68 and $34.25, with an estimated average price of $30.2. The impact to his portfolio due to this purchase was 0.13%. His holdings were 25,470,488 shares as of 03/31/2008.

Brookfield Asset Management Inc. is a publicly owned asset management holding company with approximately $50 billion in assets under management. Through its subsidiaries the firm invests in the property, power, and infrastructure sectors. Brookfield Asset Management Inc. Ltd. has a market cap of $21.6 billion; its shares were traded at around $35.08 with a P/E ratio of 28.31 and P/S ratio of 1.96. The dividend yield of Brookfield Asset Management Inc. Ltd. stocks is 1.5%.

Added: KSwiss Inc. (KSWS)

Third Avenue Management added to his holdings in KSwiss Inc. by 19.45%. His purchase prices were between $14.11 and $19.03, with an estimated average price of $16.5. The impact to his portfolio due to this purchase was 0.13%. His holdings were 5,126,571 shares as of 03/31/2008.

K聲Swiss, Inc., together with its subsidiaries, engages in the design, development, and marketing of athletic footwear for sports use, fitness activities, and casual wear. KSwiss Inc. has a market cap of $539.71 million; its shares were traded at around $15.56 with a P/E ratio of 19.55 and P/S ratio of 1.35. The dividend yield of KSwiss Inc. stocks is 1.4%.

Added: POSCO (PKX)

Third Avenue Management added to his holdings in POSCO by 2.7%. His purchase prices were between $111.5 and $142.48, with an estimated average price of $129.5. The impact to his portfolio due to this purchase was 0.13%. His holdings were 4,250,594 shares as of 03/31/2008.

POSCO engages in the manufacture and sale of various steel products primarily in Korea. It offers hot rolled products that are used in the manufacture of structural steel used in the construction of buildings and bridges, railway rolling stocks, etc. POSCO has a market cap of $39.89 billion; its shares were traded at around $132 with a P/E ratio of 11.75 and P/S ratio of 1.31.

Added: Imation Corp. (IMN)

Third Avenue Management added to his holdings in Imation Corp. by 82.86%. His purchase prices were between $19.09 and $27.17, with an estimated average price of $22.8. The impact to his portfolio due to this purchase was 0.09%. His holdings were 913,465 shares as of 03/31/2008.

Imation Corp. develops, manufactures, sources, markets, and distributes removable data storage media products and accessories primarily under Imation, Memorex, and TDK Life on Record brand names. Imation Corp. has a market cap of $972.38 million; its shares were traded at around $25.93 with P/S ratio of 0.44. The dividend yield of Imation Corp. stocks is 2.6%.

Added: St. Mary Land & Exploration Company (SM)

Third Avenue Management added to his holdings in St. Mary Land & Exploration Company by 9.73%. His purchase prices were between $33.81 and $38.05, with an estimated average price of $35.6. The impact to his portfolio due to this purchase was 0.09%. His holdings were 2,875,703 shares as of 03/31/2008.

St. Mary Land & Exploration Company and its subsidiaries engage in the exploration, exploitation, development, acquisition, and production of natural gas and crude oil in the United States. St. Mary Land & Exploration Company has a market cap of $3.05 billion; its shares were traded at around $49.65 with a P/E ratio of 13.06 and P/S ratio of 2.81. The dividend yield of St. Mary Land & Exploration Company stocks is 0.2%.

Added: Vail Resorts Inc. (MTN)

Third Avenue Management added to his holdings in Vail Resorts Inc. by 21.97%. His purchase prices were between $40.89 and $52.22, with an estimated average price of $46.1. The impact to his portfolio due to this purchase was 0.09%. His holdings were 1,100,990 shares as of 03/31/2008.

Vail Resorts, Inc., through its subsidiaries, operates mountain resorts in the United States. Its Mountain segment operates five ski resort properties, including Vail Mountain, Breckenridge Mountain, Keystone Resort, and Beaver Creek Resort. Vail Resorts Inc. has a market cap of $1.95 billion; its shares were traded at around $50.39 with a P/E ratio of 28.01 and P/S ratio of 2.09.

Added: Brookfield Infrastructure Partners L.P. (BIP)

Third Avenue Management added to his holdings in Brookfield Infrastructure Partners L.P. by 97%. His purchase prices were between $15.52 and $20.42, with an estimated average price of $18.3. The impact to his portfolio due to this purchase was 0.08%. His holdings were 982,708 shares as of 03/31/2008.

Brookfield Infrastructure Partners L.P. engages in the ownership and operation of electricity transmission systems and timberlands in North and South America. Brookfield Infrastructure Partners L.P. has a market cap of $N/A million; its shares were traded at around $20.01 . The dividend yield of Brookfield Infrastructure Partners L.P. stocks is 0.5%.

Added: IRSA Inversiones y Representaciones S.A. (IRS)

Third Avenue Management added to his holdings in IRSA Inversiones y Representaciones S.A. by 137.32%. His purchase prices were between $12.6 and $14.1, with an estimated average price of $13.5. The impact to his portfolio due to this purchase was 0.06%. His holdings were 800,000 shares as of 03/31/2008.

IRSA Investments and Representations, Inc., through its subsidiaries and joint ventures, engages in real estate activities in Argentina. Its activities include the acquisition, development, and operation of shopping centers, as well as office. IRSA Inversiones y Representaciones S.A. has a market cap of $785.26 million; its shares were traded at around $13.57 with a P/E ratio of 45.23 and P/S ratio of 2.86.

Added: Patriot Transportation Holding Inc. (PATR)

Third Avenue Management added to his holdings in Patriot Transportation Holding Inc. by 21.89%. His purchase prices were between $75.6 and $91, with an estimated average price of $82. The impact to his portfolio due to this purchase was 0.01%. His holdings were 90,000 shares as of 03/31/2008.

Patriot Transportation Holding, Inc., through its subsidiaries, engages in the transportation and real estate businesses in the United States. The company's transportation business engages in the hauling of petroleum related bulk liquids and dry etc. Patriot Transportation Holding Inc. has a market cap of $246.16 million; its shares were traded at around $80.47 with a P/E ratio of 28.88 and P/S ratio of 1.67.

Added: FedFirst Financial Corp. (FFCO)

Third Avenue Management added to his holdings in FedFirst Financial Corp. by 27.3%. His purchase prices were between $8.05 and $9.1, with an estimated average price of $8.5. The impact to his portfolio due to this purchase was 0.01%. His holdings were 490,036 shares as of 03/31/2008.

FedFirst Financial Corporation operates as the holding company for First Federal Savings Bank that provides various banking services to individual and business customers primarily in southwestern Pennsylvania. FedFirst Financial Corp. has a market cap of $45.68 million; its shares were traded at around $7.05 with P/S ratio of 7.52.

Added: United Microelectronics Corp. (UMC)

Third Avenue Management added to his holdings in United Microelectronics Corp. by 26.62%. His purchase prices were between $2.92 and $3.37, with an estimated average price of $3.1. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,627,200 shares as of 03/31/2008.

United Microelectronics Corporation, together with its subsidiaries, operates as a semiconductor foundry in Taiwan. The company engages in the manufacture and fabrication of semiconductors/chips/integrated circuits for fabless design companies, United Microelectronics Corp. has a market cap of $8.45 billion; its shares were traded at around $3.38 with a P/E ratio of 18.78 and P/S ratio of 2.45. The dividend yield of United Microelectronics Corp. stocks is 5.8%.

Added: Triad Guaranty Inc. (TGIC)

Third Avenue Management added to his holdings in Triad Guaranty Inc. by 22.18%. His purchase prices were between $4.43 and $9.2, with an estimated average price of $6.3. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,300,000 shares as of 03/31/2008.

Triad Guaranty, Inc., through its subsidiary, Triad Guaranty Insurance Corporation, provides private mortgage insurance products in the United States. It offers primary insurance products, which provide mortgage default protection to lenders. Triad Guaranty Inc. has a market cap of $33.34 million; its shares were traded at around $2.21 with P/S ratio of 0.11.

New Purchase: Genesee & Wyoming Inc. (GWR)

Third Avenue Management initiated holdings in Genesee & Wyoming Inc.. His purchase prices were between $21.96 and $34.58, with an estimated average price of $29. The impact to his portfolio due to this purchase was 0.22%. His holdings were 677,911 shares as of 03/31/2008.

Genesee & Wyoming, Inc., through its subsidiaries, owns and operates short line and regional freight railroads in the United States, Australia, and Canada. Genesee & Wyoming Inc. has a market cap of $1.22 billion; its shares were traded at around $38.79 with a P/E ratio of 28.52 and P/S ratio of 2.35.

New Purchase: Allianz SE (AZ)

Third Avenue Management initiated holdings in Allianz SE. His purchase prices were between $16.73 and $20.75, with an estimated average price of $18.2. The impact to his portfolio due to this purchase was 0.21%. His holdings were 111,058 shares as of 03/31/2008.

Allianz SE, together with its subsidiaries, provides various financial products and services worldwide. Its products and services primarily include insurance and financial products, as well as advisory services. Allianz SE has a market cap of $89.7 billion; its shares were traded at around $19.9 with a P/E ratio of 7.24 and P/S ratio of 0.57. The dividend yield of Allianz SE stocks is 4.1%.

New Purchase: iPath Dow Jones AIG Agriculture Total Re (JJA)

Third Avenue Management initiated holdings in iPath Dow Jones AIG Agriculture Total Re. His purchase prices were between $58 and $69.53, with an estimated average price of $62.3. The impact to his portfolio due to this purchase was 0.07%. His holdings were 132,472 shares as of 03/31/2008.

N/A iPath Dow Jones AIG Agriculture Total Re has a market cap of $ million; its shares were traded at around $59.48 .

New Purchase: Castlepoint Holdings Ltd. (CPHL)

Third Avenue Management initiated holdings in Castlepoint Holdings Ltd.. His purchase prices were between $9.87 and $12.93, with an estimated average price of $11.6. The impact to his portfolio due to this purchase was 0.06%. His holdings were 622,218 shares as of 03/31/2008.

CastlePoint Holdings, Ltd., through its subsidiaries, provides property and casualty insurance, and reinsurance business solutions, products, and services primarily to small insurance companies and program underwriting managers in the United States. Castlepoint Holdings Ltd. has a market cap of $391.70 million; its shares were traded at around $10.23 with a P/E ratio of 11.44 and P/S ratio of 1.44. The dividend yield of Castlepoint Holdings Ltd. stocks is 2%.

New Purchase: UltraShort FTSE/Xinhua China 25 ProShare (FXP)

Third Avenue Management initiated holdings in UltraShort FTSE/Xinhua China 25 ProShare. His purchase prices were between $74.15 and $108.95, with an estimated average price of $92.3. The impact to his portfolio due to this purchase was 0.05%. His holdings were 58,274 shares as of 03/31/2008.


New Purchase: UltraShort MSCI Emerging Markets ProShar (EEV)

Third Avenue Management initiated holdings in UltraShort MSCI Emerging Markets ProShar. His purchase prices were between $75.73 and $90.08, with an estimated average price of $83.8. The impact to his portfolio due to this purchase was 0.05%. His holdings were 58,278 shares as of 03/31/2008.


New Purchase: REIS, INC (REIS)

Third Avenue Management initiated holdings in REIS, INC. His purchase prices were between $4.54 and $7.3, with an estimated average price of $6.8. The impact to his portfolio due to this purchase was 0.02%. His holdings were 309,191 shares as of 03/31/2008.

Reis, Inc. provides commercial real estate market information. It maintains a proprietary database containing detailed information on commercial real properties in neighborhoods and metropolitan markets in the United States. REIS, INC has a market cap of $60.41 million; its shares were traded at around $5.5 with P/S ratio of 0.95.

New Purchase: PZENA INVESTMENT MANAGEMENT INC (PZN)

Third Avenue Management initiated holdings in PZENA INVESTMENT MANAGEMENT INC. His purchase prices were between $9.12 and $12.43, with an estimated average price of $10.8. The impact to his portfolio due to this purchase was 0.02%. His holdings were 190,300 shares as of 03/31/2008.

Pzena Investment Management, Inc. is a publicly owned investment manager. The firm also provides investment advisory services to funds. It provides its services to individuals, typically high net worth individuals; investment companies; PZENA INVESTMENT MANAGEMENT INC has a market cap of $836.17 million; its shares were traded at around $13.05 with a P/E ratio of 8.01 and P/S ratio of 6.01. The dividend yield of PZENA INVESTMENT MANAGEMENT INC stocks is 3.3%.

New Purchase: ABITIBIBOWATER INC (ABH)

Third Avenue Management initiated holdings in ABITIBIBOWATER INC. His purchase prices were between $7.44 and $25, with an estimated average price of $16.1. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 25,000 shares as of 03/31/2008.

AbitibiBowater, Inc. produces various newsprint, coated and specialty papers, market pulp, and wood products in Canada, the United States, the United Kingdom, and South Korea. ABITIBIBOWATER INC has a market cap of $ million; its shares were traded at around $9.97 .

New Purchase: HKN Inc (HKN)

Third Avenue Management initiated holdings in HKN Inc. His purchase prices were between $7.61 and $8.92, with an estimated average price of $8.4. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 47,478 shares as of 03/31/2008.

HKN, Inc., together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties primarily in the onshore and offshore Gulf Coast regions of south Texas and Louisiana. HKN Inc has a market cap of $87.92 million; its shares were traded at around $9.02 with a P/E ratio of 29.77 and P/S ratio of 4.23.

New Purchase: CRM Holdings Ltd. (CRMH)

Third Avenue Management initiated holdings in CRM Holdings Ltd.. His purchase prices were between $5.18 and $7.52, with an estimated average price of $6.5. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 45,500 shares as of 03/31/2008.

CRM Holdings, Ltd., thorough its subsidiaries, provides workers' compensation insurance products and services. Its primary insurance segment offers workers' compensation insurance to employers in California, Arizona, Florida, Nevada, New Jersey, CRM Holdings Ltd. has a market cap of $62.32 million; its shares were traded at around $3.8 with a P/E ratio of 3.08 and P/S ratio of 0.41.

Reduced: Cimarex Energy Co. (XEC)

Third Avenue Management reduced to his holdings in Cimarex Energy Co. by 26.03%. His sale prices were between $39.06 and $54.9, with an estimated average price of $46.8. The impact to his portfolio due to this sale was 2.59%. Third Avenue Management still held 6,269,853 shares as of 03/31/2008.

Cimarex Energy Co. operates as an independent oil and gas exploration and production company. It has operations primarily in Texas, Oklahoma, New Mexico, Kansas, Louisiana, Wyoming, and Michigan. Cimarex Energy Co. has a market cap of $5.71 billion; its shares were traded at around $68.9 with a P/E ratio of 13.54 and P/S ratio of 3.55. The dividend yield of Cimarex Energy Co. stocks is 0.4%.

Reduced: ProLogis (PLD)

Third Avenue Management reduced to his holdings in ProLogis by 20.83%. His sale prices were between $52.12 and $60.69, with an estimated average price of $55.8. The impact to his portfolio due to this sale was 1.1%. Third Avenue Management still held 2,387,249 shares as of 03/31/2008.

ProLogis operates as a real estate investment trust in the United States. It owns, operates, and develops industrial distribution properties in North America, Europe, and Asia. ProLogis has a market cap of $16.81 billion; its shares were traded at around $64.57 with a P/E ratio of 17.10 and P/S ratio of 2.39. The dividend yield of ProLogis stocks is 3.4%.

Reduced: M.D.C. Holdings Inc. (MDC)

Third Avenue Management reduced to his holdings in M.D.C. Holdings Inc. by 20.88%. His sale prices were between $32.79 and $47.6, with an estimated average price of $40. The impact to his portfolio due to this sale was 0.74%. Third Avenue Management still held 2,158,686 shares as of 03/31/2008.

M.D.C. Holdings, Inc., through its subsidiaries, engages in building and financing homes in the United States. It operates in two segments, Homebuilding, and Financial Services and Other. M.D.C. Holdings Inc. has a market cap of $2.03 billion; its shares were traded at around $43.9 with P/S ratio of 0.79. The dividend yield of M.D.C. Holdings Inc. stocks is 2.3%.

Reduced: Alexander & Baldwin Inc. (ALEX)

Third Avenue Management reduced to his holdings in Alexander & Baldwin Inc. by 36.39%. His sale prices were between $42.11 and $47.19, with an estimated average price of $44. The impact to his portfolio due to this sale was 0.55%. Third Avenue Management still held 1,842,364 shares as of 03/31/2008.

Alexander & Baldwin, Inc. operates in transportation, real estate, and agribusiness industries primarily in Hawaii. Its Transportation segment provides ocean transportation services through the carriage of containerized freights. Alexander & Baldwin Inc. has a market cap of $2.02 billion; its shares were traded at around $48.94 with a P/E ratio of 13.14 and P/S ratio of 1.06. The dividend yield of Alexander & Baldwin Inc. stocks is 2.4%.

Reduced: JAKKS Pacific Inc. (JAKK)

Third Avenue Management reduced to his holdings in JAKKS Pacific Inc. by 22.46%. His sale prices were between $20.91 and $28.14, with an estimated average price of $25. The impact to his portfolio due to this sale was 0.44%. Third Avenue Management still held 2,082,664 shares as of 03/31/2008.

JAKKS Pacific, Inc. provides toys and writing instruments, pet toys, consumables, and electronics, and related products in the United States and internationally. JAKKS Pacific Inc. has a market cap of $647.00 million; its shares were traded at around $22.74 with a P/E ratio of 8.44 and P/S ratio of 0.76.

Reduced: Arch Capital Group Ltd. (ACGL)

Third Avenue Management reduced to his holdings in Arch Capital Group Ltd. by 44.44%. His sale prices were between $66.47 and $71.27, with an estimated average price of $68.9. The impact to his portfolio due to this sale was 0.37%. Third Avenue Management still held 812,040 shares as of 03/31/2008.

Arch Capital Group, Ltd., through its subsidiaries, provides insurance and reinsurance products worldwide. It operates in two segments, Insurance and Reinsurance. Arch Capital Group Ltd. has a market cap of $4.55 billion; its shares were traded at around $70.38 with a P/E ratio of 6.12 and P/S ratio of 1.31.

Reduced: Whiting Petroleum Corp. (WLL)

Third Avenue Management reduced to his holdings in Whiting Petroleum Corp. by 35.7%. His sale prices were between $49.91 and $64.83, with an estimated average price of $57.3. The impact to his portfolio due to this sale was 0.3%. Third Avenue Management still held 663,667 shares as of 03/31/2008.

Whiting Petroleum Corporation engages in the acquisition, exploration, development, exploitation, and production of oil and gas primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast, and Michigan regions of the United States. Whiting Petroleum Corp. has a market cap of $3.4 billion; its shares were traded at around $80.25 with a P/E ratio of 18.07 and P/S ratio of 3.66.

Reduced: Pfizer Inc (PFE)

Third Avenue Management reduced to his holdings in Pfizer Inc by 74.92%. His sale prices were between $20.18 and $23.31, with an estimated average price of $21.7. The impact to his portfolio due to this sale was 0.17%. Third Avenue Management still held 1,507,495 shares as of 03/31/2008.

Pfizer, Inc. engages in the discovery, development, manufacture, and marketing of prescription medicines for humans and animals worldwide. Its Pharmaceutical segment offers Lipitor for elevated cholesterol levels in the blood; Pfizer Inc has a market cap of $135.71 billion; its shares were traded at around $20.06 with a P/E ratio of 18.27 and P/S ratio of 2.83. The dividend yield of Pfizer Inc stocks is 6.4%.

Reduced: Pharmaceutical Product Development Inc. (PPDI)

Third Avenue Management reduced to his holdings in Pharmaceutical Product Development Inc. by 64.62%. His sale prices were between $40.51 and $47.6, with an estimated average price of $43.8. The impact to his portfolio due to this sale was 0.16%. Third Avenue Management still held 650,918 shares as of 03/31/2008.

Pharmaceutical Product Development, Inc. (PPD), a contract research organization, provides drug discovery and development services, post-approval expertise, and compound partnering programs. Pharmaceutical Product Development Inc. has a market cap of $5.12 billion; its shares were traded at around $42.88 with a P/E ratio of 31.95 and P/S ratio of 3.46. The dividend yield of Pharmaceutical Product Development Inc. stocks is 0.9%.

Reduced: MGIC Investment Corp. (MTG)

Third Avenue Management reduced to his holdings in MGIC Investment Corp. by 45.3%. His sale prices were between $10.04 and $19.59, with an estimated average price of $15. The impact to his portfolio due to this sale was 0.15%. Third Avenue Management still held 2,223,490 shares as of 03/31/2008.

MGIC Investment Corporation, through its subsidiary, Mortgage Guaranty Insurance Corporation, provides private mortgage insurance to the home mortgage lending industry in the United States. MGIC Investment Corp. has a market cap of $1.56 billion; its shares were traded at around $12.49 with P/S ratio of 0.88. The dividend yield of MGIC Investment Corp. stocks is 0.8%.

Reduced: Ingram Micro Inc. (IM)

Third Avenue Management reduced to his holdings in Ingram Micro Inc. by 64.44%. His sale prices were between $15.22 and $18.21, with an estimated average price of $16.6. The impact to his portfolio due to this sale was 0.05%. Third Avenue Management still held 615,450 shares as of 03/31/2008.

Ingram Micro, Inc. and its subsidiaries distribute information technology (IT) products and supply chain solutions worldwide. The company offers various IT products, including peripherals, systems, software, networking, and others. Ingram Micro Inc. has a market cap of $3.14 billion; its shares were traded at around $18.03 with a P/E ratio of 10.52 and P/S ratio of 0.09.

Reduced: Lundin Mining Corp. (LMC)

Third Avenue Management reduced to his holdings in Lundin Mining Corp. by 21.52%. His sale prices were between $6.49 and $8.84, with an estimated average price of $7.8. The impact to his portfolio due to this sale was 0.04%. Third Avenue Management still held 729,300 shares as of 03/31/2008.

Lundin Mining Corporation, through its subsidiaries, engages in the exploration, extraction, and processing of base metals in Portugal, Spain, Sweden, and Ireland. Lundin Mining Corp. has a market cap of $3.01 billion; its shares were traded at around $7.72 with P/S ratio of 2.95.

Reduced: Investors Bancorp Inc. (ISBC)

Third Avenue Management reduced to his holdings in Investors Bancorp Inc. by 32.71%. His sale prices were between $13.38 and $15.56, with an estimated average price of $14.6. The impact to his portfolio due to this sale was 0.02%. Third Avenue Management still held 205,713 shares as of 03/31/2008.

Investors Bancorp, Inc. operates as the holding company for Investors Savings Bank that provides various banking services in the United States. It generates deposits and originates loans. Investors Bancorp Inc. has a market cap of $1.58 billion; its shares were traded at around $14.62 with a P/E ratio of 105.18 and P/S ratio of 16.41.

Reduced: KapStone Paper and Packaging Corp. (KPPC)

Third Avenue Management reduced to his holdings in KapStone Paper and Packaging Corp. by 62.4%. His sale prices were between $6.31 and $6.66, with an estimated average price of $6.5. The impact to his portfolio due to this sale was 0.02%. Third Avenue Management still held 436,103 shares as of 03/31/2008.

KapStone Paper and Packaging Corporation produces and sells unbleached kraft paper and lightweight linerboard, and dunnage bags in the United States. The company offers a portfolio of paper grades to convert paper into various products, KapStone Paper and Packaging Corp. has a market cap of $176.98 million; its shares were traded at around $7 with a P/E ratio of 9.37 and P/S ratio of 0.67.

Reduced: Sears Holdings Corp. (SHLD)

Third Avenue Management reduced to his holdings in Sears Holdings Corp. by 89.73%. His sale prices were between $89.43 and $108.31, with an estimated average price of $98.3. The impact to his portfolio due to this sale was 0.01%. Third Avenue Management still held 25,000 shares as of 03/31/2008.

Sears Holdings Corporation operates as a broadline retailer. The company operates in three segments: Kmart, Sears Domestic, and Sears Canada. The Kmart segment operates stores that sell general merchandise products under Jaclyn Smith, Joe Boxer, Sears Holdings Corp. has a market cap of $12.54 billion; its shares were traded at around $94.74 with a P/E ratio of 16.61 and P/S ratio of 0.25.

Reduced: Rockville Financial Inc. (RCKB)

Third Avenue Management reduced to his holdings in Rockville Financial Inc. by 70.2%. His sale prices were between $10.76 and $13.28, with an estimated average price of $11.6. The impact to his portfolio due to this sale was 0.01%. Third Avenue Management still held 83,421 shares as of 03/31/2008.

Rockville Financial, Inc. operates as the holding company for Rockville Bank, which provides banking services to business organizations and individual customers in Connecticut. Rockville Financial Inc. has a market cap of $262.99 million; its shares were traded at around $13.79 with a P/E ratio of 31.06 and P/S ratio of 6.08. The dividend yield of Rockville Financial Inc. stocks is 1.6%.

Reduced: Golar Lng Ltd (GLNG)

Third Avenue Management reduced to his holdings in Golar Lng Ltd by 96.92%. His sale prices were between $16.94 and $21.34, with an estimated average price of $19. The impact to his portfolio due to this sale was less than 0.01%. Third Avenue Management still held 20,000 shares as of 03/31/2008.

Golar LNG Limited, through its subsidiaries, operates as a liquefied natural gas (LNG) shipping company in Bermuda. It engages in the acquisition, ownership, operation, and chartering of liquefied natural gas (LNG) carriers. Golar Lng Ltd has a market cap of $1.32 billion; its shares were traded at around $19.72 with a P/E ratio of 9.41 and P/S ratio of 5.86. The dividend yield of Golar Lng Ltd stocks is 5.2%.

Sold Out: St. Jude Medical Inc. (STJ)

Third Avenue Management sold out his holdings in St. Jude Medical Inc.. His sale prices were between $38.95 and $43.31, with an estimated average price of $41.9. The impact to his portfolio due to this sale was less than 0.01%.

St. Jude Medical, Inc. designs, manufactures, and distributes cardiovascular medical devices and implantable neurostimulation devices worldwide. It operates in four segments: Cardiac Rhythm Management, Cardiovascular, Atrial Fibrillation, St. Jude Medical Inc. has a market cap of $13.52 billion; its shares were traded at around $39.9 with a P/E ratio of 23.39 and P/S ratio of 3.59.

Sold Out: PAREXEL International Corp. (PRXL)

Third Avenue Management sold out his holdings in PAREXEL International Corp.. His sale prices were between $23.84 and $28.51, with an estimated average price of $26.8. The impact to his portfolio due to this sale was less than 0.01%.

PAREXEL International Corporation, a bio/pharmaceutical services company, provides clinical research, medical communications services, consulting and informatics, and technology products and services to the pharmaceutical, biotechnology, PAREXEL International Corp. has a market cap of $1.39 billion; its shares were traded at around $24.72 with a P/E ratio of 28.28 and P/S ratio of 1.26.

Sold Out: Stewart Information Services Corp. (STC)

Third Avenue Management sold out his holdings in Stewart Information Services Corp.. His sale prices were between $21.52 and $34.52, with an estimated average price of $28.3. The impact to his portfolio due to this sale was less than 0.01%.

Stewart Information Services Corporation, through its subsidiaries, provides insurance and related information services required for settlement by the real estate and mortgage industries in the United States, Canada, the United Kingdom, Stewart Information Services Corp. has a market cap of $451.73 million; its shares were traded at around $24.93 with P/S ratio of 0.23. The dividend yield of Stewart Information Services Corp. stocks is 3%.

Sold Out: ACE Ltd. (ACE)

Third Avenue Management sold out his holdings in ACE Ltd.. His sale prices were between $53.4 and $60.44, with an estimated average price of $57.1. The impact to his portfolio due to this sale was less than 0.01%.

ACE limited and its subsidiaries provide property and casualty insurance and reinsurance products to commercial and individual customers worldwide. It operates in four segments: Insurance North American, Insurance Overseas General, ACE Ltd. has a market cap of $20.32 billion; its shares were traded at around $61.12 with a P/E ratio of 9.16 and P/S ratio of 1.47. The dividend yield of ACE Ltd. stocks is 1.8%.

Sold Out: Willbros Group Inc. (WG)

Third Avenue Management sold out his holdings in Willbros Group Inc.. His sale prices were between $29.59 and $37.74, with an estimated average price of $34.2. The impact to his portfolio due to this sale was less than 0.01%.

Willbros Group, Inc. provides engineering, construction, and specialty services to oil, gas, power, refinery, and petrochemical industries, and government entities worldwide. Willbros Group Inc. has a market cap of $1.54 billion; its shares were traded at around $40.59 with P/S ratio of 1.66.

Sold Out: The TorontoDominion Bank (TD)

Third Avenue Management sold out his holdings in The TorontoDominion Bank. His sale prices were between $58.71 and $68.77, with an estimated average price of $64.3. The impact to his portfolio due to this sale was less than 0.01%.

The Toronto-Dominion Bank and its subsidiaries provides financial services in North America. It operates through four segments: Canadian Personal and Commercial Banking, Wealth Management, U.S. The TorontoDominion Bank has a market cap of $48.39 billion; its shares were traded at around $67.3 with a P/E ratio of 12.19 and P/S ratio of 3.58. The dividend yield of The TorontoDominion Bank stocks is 3.5%.

Sold Out: CNX Gas Corp. (CXG)

Third Avenue Management sold out his holdings in CNX Gas Corp.. His sale prices were between $28.41 and $37.05, with an estimated average price of $33.9. The impact to his portfolio due to this sale was less than 0.01%.

CNX Gas Corporation engages in the exploration, development, and production of natural gas primarily in the Appalachian and Illinois Basins, the United States. CNX Gas Corp. has a market cap of $6.42 billion; its shares were traded at around $42.53 with a P/E ratio of 42.15 and P/S ratio of 12.89.

Sold Out: Tompkins Financial Corp. (TMP)

Third Avenue Management sold out his holdings in Tompkins Financial Corp.. His sale prices were between $35.66 and $49.66, with an estimated average price of $43. The impact to his portfolio due to this sale was less than 0.01%.

Tompkins Financial Corporation, through its wholly owned banking subsidiaries, Tompkins Trust Company, The Bank of Castile, and The Mahopac National Bank, primarily offers commercial banking services in New York. Tompkins Financial Corp. has a market cap of $433.42 million; its shares were traded at around $45.2 with a P/E ratio of 15.63 and P/S ratio of 3.68. The dividend yield of Tompkins Financial Corp. stocks is 2.9%.

Sold Out: Quadra Realty Trust Inc. (QRR)

Third Avenue Management sold out his holdings in Quadra Realty Trust Inc.. His sale prices were between $6.76 and $10.87, with an estimated average price of $9.6. The impact to his portfolio due to this sale was less than 0.01%.

Quadra Realty Trust, Inc., a commercial real estate finance company, invests in commercial mortgage investments and related products. Its investment portfolio comprises loans, mezzanine loans, B Notes, bridge loans, fixed and floating rate. Quadra Realty Trust Inc. has a market cap of $ million; its shares were traded at around $10.76 . The dividend yield of Quadra Realty Trust Inc. stocks is 7.1%.

Sold Out: The First American Corp. (FAF)

Third Avenue Management sold out his holdings in The First American Corp.. His sale prices were between $29.09 and $41.82, with an estimated average price of $34.8. The impact to his portfolio due to this sale was less than 0.01%.

The First American Corporation, through its subsidiaries, provides business information and related products and services in the United States. It operates in five segments: Title Insurance and Services, Specialty Insurance, The First American Corp. has a market cap of $3.32 billion; its shares were traded at around $35.89 with P/S ratio of 0.42. The dividend yield of The First American Corp. stocks is 2.4%.

Sold Out: CapLease Inc. (LSE)

Third Avenue Management sold out his holdings in CapLease Inc.. His sale prices were between $6.94 and $8.39, with an estimated average price of $8. The impact to his portfolio due to this sale was less than 0.01%.

Capital Lease Funding, Inc. operates as a real estate investment trust (REIT), focused on financing and investing in commercial real estate that is net leased primarily to single tenants with investment grade or near investment grade credit ratings. CapLease Inc. has a market cap of $365.89 million; its shares were traded at around $8.25 with P/S ratio of 4.81. The dividend yield of CapLease Inc. stocks is 9.8%.

Sold Out: Comstock Resources Inc. (CRK)

Third Avenue Management sold out his holdings in Comstock Resources Inc.. His sale prices were between $32.02 and $39.9, with an estimated average price of $34.5. The impact to his portfolio due to this sale was less than 0.01%.

Comstock Resources, Inc. engages in the acquisition, exploration, development, and production of oil and natural gas in the United States. It has onshore operations in the east Texas, north Louisiana, and south Texas regions, Comstock Resources Inc. has a market cap of $2.36 billion; its shares were traded at around $53.51 with a P/E ratio of 24.67 and P/S ratio of 3.07.

Sold Out: Mercer International Inc. (MERC)

Third Avenue Management sold out his holdings in Mercer International Inc.. His sale prices were between $6.85 and $8.99, with an estimated average price of $7.6. The impact to his portfolio due to this sale was less than 0.01%.

Mercer International, Inc., together with its subsidiaries, engages in the manufacture and sale of pulp. Its products include northern bleached softwood kraft (NBSK) pulp, kraft pulp, and market pulp. Mercer International Inc. has a market cap of $288.33 million; its shares were traded at around $8.04 with a P/E ratio of 8.38 and P/S ratio of 0.25.

Sold Out: Aspen Insurance Holdings Ltd. (AHL)

Third Avenue Management sold out his holdings in Aspen Insurance Holdings Ltd.. His sale prices were between $25.62 and $29.5, with an estimated average price of $27.7. The impact to his portfolio due to this sale was less than 0.01%.

Aspen Insurance Holdings Limited, through its subsidiaries, provides insurance and reinsurance products and services principally in the United Kingdom, Bermuda, and the United States. Aspen Insurance Holdings Ltd. has a market cap of $2.13 billion; its shares were traded at around $24.91 with a P/E ratio of 5.31 and P/S ratio of 1.10. The dividend yield of Aspen Insurance Holdings Ltd. stocks is 2.4%.

 

Sold Out: Haynes International Inc. (HAYN)

Third Avenue Management sold out his holdings in Haynes International Inc.. His sale prices were between $45.8 and $62.28, with an estimated average price of $53.3. The impact to his portfolio due to this sale was less than 0.01%.

Haynes International, Inc. and its subsidiaries develop, manufacture, market, and distribute high-performance nickel-and cobalt-based alloys primarily for use in the aerospace, land-based gas turbine, and chemical processing industries. Haynes International Inc. has a market cap of $692.75 million; its shares were traded at around $58.19 with a P/E ratio of 10.13 and P/S ratio of 1.22.

Sold Out: Investment Technology Group Inc. (ITG)

Third Avenue Management sold out his holdings in Investment Technology Group Inc.. His sale prices were between $40.73 and $48.25, with an estimated average price of $45.6. The impact to his portfolio due to this sale was less than 0.01%.

Investment Technology Group, Inc. operates as an agency brokerage and technology company, which provides solutions spanning the investment process in North America, Europe, Asia, and Australia. Investment Technology Group Inc. has a market cap of $1.81 billion; its shares were traded at around $41.41 with a P/E ratio of 15.48 and P/S ratio of 2.36.

Reduced: LeapFrog Enterprises Inc. (LF)

Third Avenue Management reduced to his holdings in LeapFrog Enterprises Inc. by 35.81%. His sale prices were between $5.7 and $8.85, with an estimated average price of $7.3. The impact to his portfolio due to this sale was 0.25%. Third Avenue Management still held 3,195,080 shares as of 03/31/2008.

LeapFrog Enterprises, Inc. provides technology-based educational platforms worldwide. It offers reading solutions, including the LeapPad learning system that introduces basic vocabulary and reading concepts or reinforces second-language learning. LeapFrog Enterprises Inc. has a market cap of $565.86 million; its shares were traded at around $8.91 with P/S ratio of 1.28.

New Purchase: ABITIBIBOWATER INC (ABH)

Third Avenue Management initiated holdings in ABITIBIBOWATER INC. His purchase prices were between $7.44 and $21.68, with an estimated average price of $12.5. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 10,000 shares as of 03/31/2008.

AbitibiBowater, Inc. produces various newsprint, coated and specialty papers, market pulp, and wood products in Canada, the United States, the United Kingdom, and South Korea. ABITIBIBOWATER INC has a market cap of $ million; its shares were traded at around $9.97 .

Reduced: M.D.C. Holdings Inc. (MDC)

Third Avenue Management reduced to his holdings in M.D.C. Holdings Inc. by 22.13%. His sale prices were between $36.43 and $45.61, with an estimated average price of $42.7. The impact to his portfolio due to this sale was 0.8%. Third Avenue Management still held 2,124,486 shares as of 03/31/2008.

M.D.C. Holdings, Inc., through its subsidiaries, engages in building and financing homes in the United States. It operates in two segments, Homebuilding, and Financial Services and Other. M.D.C. Holdings Inc. has a market cap of $2.03 billion; its shares were traded at around $43.9 with P/S ratio of 0.79. The dividend yield of M.D.C. Holdings Inc. stocks is 2.3%.

Reduced: Alexander & Baldwin Inc. (ALEX)

Third Avenue Management reduced to his holdings in Alexander & Baldwin Inc. by 36.56%. His sale prices were between $42.11 and $52.96, with an estimated average price of $45.8. The impact to his portfolio due to this sale was 0.77%. Third Avenue Management still held 1,837,364 shares as of 03/31/2008.

Alexander & Baldwin, Inc. operates in transportation, real estate, and agribusiness industries primarily in Hawaii. Its Transportation segment provides ocean transportation services through the carriage of containerized freights. Alexander & Baldwin Inc. has a market cap of $2.02 billion; its shares were traded at around $48.94 with a P/E ratio of 13.14 and P/S ratio of 1.06. The dividend yield of Alexander & Baldwin Inc. stocks is 2.4%.

Reduced: GSI Group Inc. (GSIG)

Third Avenue Management reduced to his holdings in GSI Group Inc. by 2.36%. His sale prices were between $7.72 and $8.35, with an estimated average price of $8.1. The impact to his portfolio due to this sale was 0.14%. Third Avenue Management still held 1,955,523 shares as of 03/31/2008.

GSI Group, Inc. supplies precision motion component products, lasers, and laser-based manufacturing systems to the electronics, semiconductor, medical, aerospace, and industrial markets worldwide. GSI Group Inc. has a market cap of $344.00 million; its shares were traded at around $8.19 with a P/E ratio of 19.45 and P/S ratio of 1.08.

Reduced: Alico Inc. (ALCO)

Third Avenue Management reduced to his holdings in Alico Inc. by 18.72%. His sale prices were between $38.93 and $44.15, with an estimated average price of $41.1. The impact to his portfolio due to this sale was 0.12%. Third Avenue Management still held 340,201 shares as of 03/31/2008.

Alico, Inc., through its subsidiaries, operates as a land management company in central and southwest Florida. The company grows and ships vegetable transplants to commercial farmers; cultivates sod for landscaping purposes; Alico Inc. has a market cap of $289.39 million; its shares were traded at around $39.25 with P/S ratio of 26.25. The dividend yield of Alico Inc. stocks is 2.9%.

 


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