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Bruce Berkowitz of Fairholme Funds (FAIRX) Slashes Pfizer (PFE) Stake, Exits Boeing (BA) and Northrop Grumman (NOC); Adds to Berkshire Hathaway
Sunday, January 31, 2010 - 2:52pm | 1186Fresh off his "Morningstar Manager of the Decade", we have some update's on the moves of the very schrewd Bruce Berkowitz in relation to his Fairholme Fund (FAIRX). The biggest change is his massive stake in Pfizer (PFE) has been cut back severely; since the data is as of Nov 30th it looks like he...
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Investment Analysis: Brookfield Infrastructure Partners (BIP)
Wednesday, January 27, 2010 - 3:41pm | 2701We wrote this up originally roughly a month ago, before the recently announced BBI deal was finalized. In light of this, we view this opportunity to be even more attractive and timely all things considered. Update – The deal is done We recommend taking a look at the company’s latest and updated...
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Reviewing Recent Sales
Friday, January 15, 2010 - 4:10pm | 1660Thought it would be helpful to review positions we have exited over the past 3-4 weeks to see how they have done since we left. Almost all of these (perhaps all) were sold due stocks that had broken support, and I believed better near term money making opportunities could be found somewhere else...
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NYSE Top 10 Gainers (BGP, BZ, CBC, EK, JCI, GK, etc)
Thursday, January 14, 2010 - 10:46am | 498The top ten gainers on the NYSE come from an assortment of industries ranging from book selling to holding companies to storage device manufacturers. Borders Group Inc. (NYSE: BGP) tops the list of gainers on the NYSE. Borders Group, through its subsidiaries, operates book, music and movie stores....
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NYSE Top 10 Gainers (BGP, BZ, CBC, EK, JCI, GK, etc)
Thursday, January 14, 2010 - 10:44am | 498The top ten gainers on the NYSE come from an assortment of industries ranging from book selling to holding companies to storage device manufacturers. Borders Group Inc. (NYSE: BGP) tops the list of gainers on the NYSE. Borders Group, through its subsidiaries, operates book, music and movie stores....
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Bruce Berkowitz Says Winthrop Realty (FUR) To Remain Strong
Friday, January 8, 2010 - 9:23am | 147Fairholme fund’s Bruce Berkowitz shared his picks for Year2010 with CNBC. Bruce Berkowitz had been chosen as the Domestic Fund Manager of the year by Morningstar (NASDAQ: MORN). Berkowitz expressed his bullish views about Winthrop Realty (NYSE: FUR). According to him, Winthrop Realty has a very...
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IRS Plans to Regulate Tax Preparers - Analyst Blog
Thursday, January 7, 2010 - 2:24pm | 408The Internal Revenue Service (IRS) plans to regulate the U.S tax preparers from the 2011 tax season. This includes mandatory registration, competency testing and continuing education requirements for tax preparers. Tax preparers, such as H&R Block Inc. (HRB) and Jackson Hewitt Tax Service...
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Cousins Properties (CUZ) Gets a Neutral Rating
Wednesday, January 6, 2010 - 5:02am | 101Cousins Properties (NYSE: CUZ) stock is likely to remain lackluster, as the residential real estate sector continues to be weak. The research firm Baird has given a Neutral rating to the company. Cousin Properties’ lease-up at Terminus 200 also does not seem to be going anywhere. However, the...
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Silicon Valley Reeling Under High Vacancy Rates (CBG, AMAT, JAVA, ADBE)
Tuesday, January 5, 2010 - 10:23am | 229According to a report published in Bloomberg, the Silicon Valley is suffering from a glut of empty high rises and office parks ever since the dot-com bust. As a result, owners of commercial properties around this region are unable to sustain average rents. CB Richard Ellis Group Inc (NYSE: CBG)...
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Affiliated Extends IT Contract - Analyst Blog
Tuesday, December 29, 2009 - 12:15pm | 514Affiliated Computer Services, Inc. (ACS) announced an extension of a three-year information technology (IT) contract through 2015 with DCP Midstream, a Denver-based energy company. The contract is worth $72 million. Based in Dallas, ACS delivers comprehensive business process outsourcing (BPO)...
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Bookkeeping: Closing CNInsure (CISG) for Now
Monday, December 28, 2009 - 4:22pm | 458Much like E-House Holdings (EJ), CNInsure (CISG) is a stock that appears to have all the right fundamentals, but speculators are too busy chasing the latest solar stock to care. The stock has been been range bound for months on end. Eventually I expect it to break out, but for now I am going to...
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Short Calls in CB Richard Ellis Group
Tuesday, December 22, 2009 - 11:16am | 132Commercial real estate firm, CB Richard Ellis Group (NYSE: CBG), is receiving a neutral to bearish trade this morning in the June 2010 contract. 2,470 contracts were sold near the bid for 1.15 and other, smaller lots, were also sold for between 1.05-1.15. This is mostly likely a hedge on long stock...
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Satyam Settles Upaid Suit for $70M - Analyst Blog
Tuesday, December 15, 2009 - 1:27pm | 438Satyam Computer Services Ltd (SAY) is paying $70 million to Britain-based Upaid Systems Ltd in a patent suit settlement. Upaid, which offers solutions for payments via mobile phone, filed lawsuits in April 2007 for fraud, forgery and breach of contract. Upaid filed the lawsuit in Texas following...
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Analysts Expect Vornado (VNO) Profits To Grow 30% in 2010
Friday, December 11, 2009 - 3:19pm | 146CNN gave its top 10 picks for 2010. Here’s a report. CNN picked Vornado Realty Trust (NYSE: VNO)(FREE stock trend analysis) as one of the top 10 stocks to be watched out for in 2010. Barclays Capital analyst Ross Smotrich believes that Vornado Realty Trust (NYSE: VNO)(FREE stock trend analysis) is...
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Transatlantic Holdings, Inc. Declares Quarterly Common Stock Dividend
Friday, December 11, 2009 - 9:03am | 114The Board of Directors of Transatlantic Holdings, Inc. (NYSE: TRH)(FREE stock trend analysis) today declared a quarterly cash dividend of $0.20 per share on the Company’s common stock, payable March 15, 2010, to stockholders of record on March 1, 2010. Transatlantic Holdings, Inc. (TRH)(FREE stock...