Billionaire investor believes that, in the long term, the prices of undervalued stocks will rise as the market recognizes their true worth. He seeks to buy stocks trading at prices well below the estimated value of the underlying businesses. These are his buys and sells during the first quarter of 2007.
Charles Brandes buys Johnson & Johnson, Lm Ericsson Adr, Smithfield Foods Inc., Polyone Corp., Westlake Chemical Corp., Eli Lilly & Co., Home Depot Inc., New Century Financial Corp., Kraft Foods Inc., Skyline Corp., Slm Corp., Nelnet Inc., sells Biovail Corp., Molson Coors Brewing Company, Sensient Technologies Corp., Qlt Inc., Posco, Natl Wstmst Ads 19c3, Lyondell Chemical Co., Loews Corp., Intel Corp., Domtar Inc., Doral Financial Corp., Deluxe Corp., Converium Holding Ag, Telus Corp. during the 3-months ended 03/31/2007, according to the most recent filings of his investment company, Brandes Investment. Charles Brandes owns 190 stocks with a total value of $55.8 billion. These are the details of the buys and sells.
New Purchases: ERIC, HD, JNJ, KFT, LLY, NNI, POL, SFD, SKY, SLM, WLK,
Added Positions: ADPT, BPOP, BSX, C, CLS, CNO, COMS, CQB, DOW, FBN, FBR, FITB, FSS, GCI, GGC, GSK, HBC, INTV, JDSU, KFS, MMC, MNI, MTU, MU, NIPNY, NTBK, NYT, PMACA, PVD, SANM, SCT, SLE, SNY, T, TDK, TI, TRB, WHI, MU,
Reduced Positions: ABN, AKZOY, AXL, BCE, BT, CBA, CTB, FFH, FUJI, GGAL, GT, IFX, PLT, PPC, PTNR, SWM, TSN,
Sold Out: BVF, CHR, DLX, DRL, INTC, LTR, LYO, NW-PC, PKX, QLTI, SXT, TAP, TU,
Charles Brandes buys Johnson & Johnson, Lm Ericsson Adr, Smithfield Foods Inc., Polyone Corp., Westlake Chemical Corp., Eli Lilly & Co., Home Depot Inc., New Century Financial Corp., Kraft Foods Inc., Skyline Corp., Slm Corp., Nelnet Inc., sells Biovail Corp., Molson Coors Brewing Company, Sensient Technologies Corp., Qlt Inc., Posco, Natl Wstmst Ads 19c3, Lyondell Chemical Co., Loews Corp., Intel Corp., Domtar Inc., Doral Financial Corp., Deluxe Corp., Converium Holding Ag, Telus Corp. during the 3-months ended 03/31/2007, according to the most recent filings of his investment company, Brandes Investment. Charles Brandes owns 190 stocks with a total value of $55.8 billion. These are the details of the buys and sells.
New Purchases: ERIC, HD, JNJ, KFT, LLY, NNI, POL, SFD, SKY, SLM, WLK,
Added Positions: ADPT, BPOP, BSX, C, CLS, CNO, COMS, CQB, DOW, FBN, FBR, FITB, FSS, GCI, GGC, GSK, HBC, INTV, JDSU, KFS, MMC, MNI, MTU, MU, NIPNY, NTBK, NYT, PMACA, PVD, SANM, SCT, SLE, SNY, T, TDK, TI, TRB, WHI, MU,
Reduced Positions: ABN, AKZOY, AXL, BCE, BT, CBA, CTB, FFH, FUJI, GGAL, GT, IFX, PLT, PPC, PTNR, SWM, TSN,
Sold Out: BVF, CHR, DLX, DRL, INTC, LTR, LYO, NW-PC, PKX, QLTI, SXT, TAP, TU,
