by alexg on April 30, 2012
Bruce Berkowitz, manager of the $8.4 billion Fairholme Fund (FAIRX), recently sold his stakes in financial giant Citigroup (C) and Berkshire Hathaway B shares (BRK.B), this according to Gurufocus.com. As opposed to last year, this year Fairholme is outperforming the indexes and not seeing major outflows. My guess is he is taking the runup in financials to take profits on these positions and diverisify the fund. As the Bloomberg video shows below, Berkowitz had been reducing his stake in Citigroup and Berkshire Hathaway.B in the last quarter. He also recently sold out of Jefferies (JEF) and Regions Financial (RF).
by alexg on April 29, 2012
Each week I track which magic formula stocks are moving in and out of the top 30 from the Magic Formula Screen. This screen in ran for companies with a minimum market cap of 50 million and 1 billion. Here are the magic formula stocks for the week ended 4-29-12. This week it was an active week, due in large part to earnings season.
Top 30/ 50 million**
In:
- H&R Block (HRB)
- GameStop (GME)
- Korn/Ferry International (KFY)
- United Online (UNTD)
Out
- Cherokee (CHKE)
- Deluxe (DLX)
- Dex One Corporation (DEXO)
- Unisys (UIS)
**There might be a mistake on this screen as my spreadsheet was acting u
Top 50/ 50 million
In:
- Almost Family (AFAM)
- Amedisys (AMED)
- H&R Block (HRB)
- Exelis Inc. (XLS)
- Lender Processing Services (LPS)
- Usana Health Sciences (USNA)
- Wayside Technology Group (WSTG)
Out:
- AVEO Pharmaceuticals (AVEO)
- Deluxe (DLX)
- Dex One Corporation (DEXO)
- Interdigital Communications (IDCC)
- Northrop Grumman (NOC)
- Strayer Education (STRA)
- Unisys (UIS)
Top 30/ 1000 million
In:
- Nvidia (NVDA)
- WebMD Health (WBMD)
- Western Refining (WNR)
Out:
- Iconix Brand Group (ICON)
- Interdigital Communication (IDCC)
- Northrop Grumman (NOC)
Top 50/ 1000 million
In:
- Analog Devices (ADI)
- Applied Materials (AMAT)
- CACI International (CACI)
- Darling International (DAR)
- Dun & Bradstreet (DNB)
- Pediatrix Medical Group (MD)
- Oracle (ORCL)
- TRW Automotive Holdings Corp. (TRW)
Out:
- AmerisourceBergen (ABC)
- Deluxe (DLX)
- Eli Lilly (LLY)
- General Dynamics (GD)
- Iconix Brand Group (ICON)
- Interdigital Communication (IDCC)
- MKS Instruments (MKSI)
- Northrop Grumman (NOC)
