David Williams sees some recovery from deep losses of 2008 in the first quarter. He said he has "made every effort to keep turnover to a minimum while improving quality. Quality is especially important now because we believe all stocks are cheap and little value is sacrificed to upgrade portfolios." These are his buys and sells in the first quarter.
David Williams buys Tower Group Inc., Mead Johnson Nutrition Company, sells Genworth Financial Inc., Centex Corp., GOL Linhas Areas Inteligentes S.A., JPMorgan Chase & Co., Omega Navigation Enterprises Inc., PETROPLUS HOLDINGS, Rockwell Automation Inc. Common, United Rentals Inc. during the 3-months ended 03/31/2009, according to the most recent filings of his investment company, Columbia Value and Restructuring Fund. David Williams owns 132 stocks with a total value of $5505.5 billion. These are the details of the buys and sells.
New Purchases: MJN, TWGP,
Reduced Positions: HERO, SLT,
Sold Out: CTX, GNW, GOL, JPM, ONAV, PEPFF.PK, ROK, URI,
For the details of David Williams's stock buys and sells, go to the Link Here
New Purchase: Tower Group Inc. (TWGP, Financial)
David Williams initiated holdings in Tower Group Inc.. His purchase prices were between $20.35 and $27.25, with an estimated average price of $24.3. The impact to his portfolio due to this purchase was 0.73%. His holdings were 1,350,000 shares as of 03/31/2009.
Tower Group Inc operates through two subsidiaries Tower Insurance Company of New York a New York licensed property and casualty insurer and Tower Risk Management Corporation an insurance services provider. Tower offers property and casualty commercial and personal lines products and services in select markets not well served by other carriers. Tower Group Inc. has a market cap of $593.42 million; its shares were traded at around $25.46 with a P/E ratio of 8.87 and P/S ratio of 1.22. The dividend yield of Tower Group Inc. stocks is 0.79%.
New Purchase: Mead Johnson Nutrition Company (MJN, Financial)
David Williams initiated holdings in Mead Johnson Nutrition Company. His purchase prices were between $26.44 and $29.63, with an estimated average price of $27.6. The impact to his portfolio due to this purchase was 0.11%. His holdings were 169,544 shares as of 03/31/2009.
Mead Johnson Nutrition Company is a pediatric nutrition company. It manufactures distributes and sells infant formulas and other nutritional products worldwide primarily under the `Enfa` family of brands. The Company's Enfa family of brands including Enfamil infant formula is a global brand franchise in pediatric nutrition. The company's products include routine and specialty infant formulas children's milks and milk modifiers pediatric vitamins dietary supplements for pregnant and breastfeeding mothers and products for metabolic disorders. It also launched Nutramigen AA an amino acid infant formula for infants with severe protein allergies. The company a subsidiary of Bristol-Myers Squibb Company and headquartered in Evansville Indiana offers its products in North America Europe Asia and Latin America. Mead Johnson Nutrition Company has a market cap of $2.02 billion; its shares were traded at around $26.28 with and P/S ratio of 0.7.
Reduced: Hercules Offshore Inc. (HERO, Financial)
David Williams reduced to his holdings in Hercules Offshore Inc. by 65%. His sale prices were between $1.16 and $5.6, with an estimated average price of $2.9. The impact to his portfolio due to this sale was -0.03%. David Williams still held 1,400,000 shares as of 03/31/2009.
Hercules Offshore is uniquely qualified to meet operators' needs for exploration workover and development drilling and liftboat services in shallow water depths in the Gulf of Mexico and international markets. It is dedicated to maintaining its fleets reliability and continually improving their performance. It conducts rigorous maintenance programs on all of the rigs and liftboats on a regular basis and invest in advanced equipment and safety upgrades. And it also offers a diversified fleet with a full range of vessel classes. To meet customers' needs vessels operate in various water depths and provide a variety of crane capabilities based on vessel selection. And its fleet works for customers across the Gulf of Mexico and they are also seeking opportunities in international areas with similar water depths and bottom conditions. Hercules Offshore Inc. has a market cap of $256.48 million; its shares were traded at around $2.9 with a P/E ratio of 2.74 and P/S ratio of 0.23.
Reduced: Sterlite Industries Ltd. (SLT, Financial)
David Williams reduced to his holdings in Sterlite Industries Ltd. by 85.45%. His sale prices were between $4.6 and $7.14, with an estimated average price of $5.5. The impact to his portfolio due to this sale was -0.1%. David Williams still held 800,000 shares as of 03/31/2009.
Sterlite Industries Ltd. is a leading producer of copper in India. Sterlite a part of Vedanta Resources a London listed metals and mining major with Aluminium Copper and Zinc operations in India and Australia continues to seek improvements in its business having set benchmarks to LME grade A standards in Copper products manufacturing. Sterlite Industries Ltd. has a market cap of $5.81 billion; its shares were traded at around $8.2 with a P/E ratio of 1.73 and P/S ratio of 0.93. The dividend yield of Sterlite Industries Ltd. stocks is 0.89%.
Sold Out: Genworth Financial Inc. (GNW, Financial)
David Williams sold out his holdings in Genworth Financial Inc.. His sale prices were between $0.84 and $2.96, with an estimated average price of $2. The impact to his portfolio due to this sale was less than 0.01%.
Genworth Financial is a leading insurance company in the U.S. with an expanding international presence serving the life and lifestyle protection retirement income investment and mortgage insurance needs of their customers. They distribute their products and services through an extensive and diversified distribution network that includes financial intermediaries independent producers and dedicated sales specialists. Genworth Financial Inc. has a market cap of $931.29 million; its shares were traded at around $2.15 with a P/E ratio of 1.99 and P/S ratio of 0.09.
Sold Out: Rockwell Automation Inc. Common (ROK, Financial)
David Williams sold out his holdings in Rockwell Automation Inc. Common. His sale prices were between $18.4 and $31.04, with an estimated average price of $24.2. The impact to his portfolio due to this sale was less than 0.01%.
Rockwell Automation is a leading global provider of industrial automation power control and information solutions that help customers meet their manufacturing productivity objectives. The Company brings together leading brands in industrial automation for Complete Automation solutions including Allen-Bradley controls and services Dodge mechanical power transmission products Reliance Electric motors and drives and Rockwell Software factory management software. Rockwell Automation Inc. Common has a market cap of $4.44 billion; its shares were traded at around $31.31 with a P/E ratio of 8.07 and P/S ratio of 0.78. The dividend yield of Rockwell Automation Inc. Common stocks is 3.7%. Rockwell Automation Inc. Common had an annual average earning growth of 5.3% over the past 10 years.
Sold Out: Omega Navigation Enterprises Inc. (ONAV, Financial)
David Williams sold out his holdings in Omega Navigation Enterprises Inc.. His sale prices were between $3.44 and $6.89, with an estimated average price of $5.4. The impact to his portfolio due to this sale was less than 0.01%.
Omega Navigation Enterprises Inc. is a Marshall Islands corporation that provides international marine transportation services to its customers with principal executive offices in Piraeus Greece. Omega Navigation Enterprises Inc. has a market cap of $44.92 million; its shares were traded at around $3.69 with a P/E ratio of 2.58 and P/S ratio of 0.58. The dividend yield of Omega Navigation Enterprises Inc. stocks is 54.2%.
Sold Out: JPMorgan Chase & Co. (JPM, Financial)
David Williams sold out his holdings in JPMorgan Chase & Co.. His sale prices were between $15.9 and $27.58, with an estimated average price of $23.6. The impact to his portfolio due to this sale was less than 0.01%.
J.P. Morgan Chase & Co. is a leading global financial services firm. The firm is a leader in investment banking asset management private banking private equity custody and transaction services and retail and middle market financial services. A component of the Dow Jones Industrial Average JPMorgan Chase is headquartered in New York and serves more than 30 million consumer customers and the world's most prominent corporate institutional and government clients. JPMorgan Chase & Co. has a market cap of $125.44 billion; its shares were traded at around $33.38 with a P/E ratio of 49.09 and P/S ratio of 1.87. The dividend yield of JPMorgan Chase & Co. stocks is 0.6%.
Sold Out: GOL Linhas Areas Inteligentes S.A. (GOL, Financial)
David Williams sold out his holdings in GOL Linhas Areas Inteligentes S.A.. His sale prices were between $3.03 and $5.19, with an estimated average price of $4.1. The impact to his portfolio due to this sale was less than 0.01%.
GOL Linhas Aereas Inteligentes is a `low-cost low-fare` airline. GOL Linhas Areas Inteligentes S.A. has a market cap of $329.59 million; its shares were traded at around $3.48 with and P/S ratio of 0.09. The dividend yield of GOL Linhas Areas Inteligentes S.A. stocks is 3.11%.
Sold Out: Centex Corp. (CTX)
David Williams sold out his holdings in Centex Corp.. His sale prices were between $5.47 and $11.82, with an estimated average price of $8.5. The impact to his portfolio due to this sale was less than 0.01%.
Centex Corporation is the nation's premier company in building and related services: Home Building Home Services Financial Services Contracting and Construction Services Construction Products and Investment Real Estate. Centex Corp. has a market cap of $1.43 billion; its shares were traded at around $11.5 with and P/S ratio of 0.17.
Sold Out: United Rentals Inc. (URI)
David Williams sold out his holdings in United Rentals Inc.. His sale prices were between $3.16 and $8.01, with an estimated average price of $5.1. The impact to his portfolio due to this sale was less than 0.01%.
United Rentals Inc. is one of North America's largest equipment rental companies with over branches in the majority of states several Canadian provinces and Mexico. The company offers for rent different types of equipment to customers that include construction and industrial companies manufacturers utilities municipalities homeowners and others. United Rentals Inc. has a market cap of $364.21 million; its shares were traded at around $6.07 with a P/E ratio of 2.32 and P/S ratio of 0.11. United Rentals Inc. had an annual average earning growth of 4.9% over the past 10 years.
David Williams buys Tower Group Inc., Mead Johnson Nutrition Company, sells Genworth Financial Inc., Centex Corp., GOL Linhas Areas Inteligentes S.A., JPMorgan Chase & Co., Omega Navigation Enterprises Inc., PETROPLUS HOLDINGS, Rockwell Automation Inc. Common, United Rentals Inc. during the 3-months ended 03/31/2009, according to the most recent filings of his investment company, Columbia Value and Restructuring Fund. David Williams owns 132 stocks with a total value of $5505.5 billion. These are the details of the buys and sells.
New Purchases: MJN, TWGP,
Reduced Positions: HERO, SLT,
Sold Out: CTX, GNW, GOL, JPM, ONAV, PEPFF.PK, ROK, URI,
For the details of David Williams's stock buys and sells, go to the Link Here
New Purchase: Tower Group Inc. (TWGP, Financial)
David Williams initiated holdings in Tower Group Inc.. His purchase prices were between $20.35 and $27.25, with an estimated average price of $24.3. The impact to his portfolio due to this purchase was 0.73%. His holdings were 1,350,000 shares as of 03/31/2009.
Tower Group Inc operates through two subsidiaries Tower Insurance Company of New York a New York licensed property and casualty insurer and Tower Risk Management Corporation an insurance services provider. Tower offers property and casualty commercial and personal lines products and services in select markets not well served by other carriers. Tower Group Inc. has a market cap of $593.42 million; its shares were traded at around $25.46 with a P/E ratio of 8.87 and P/S ratio of 1.22. The dividend yield of Tower Group Inc. stocks is 0.79%.
New Purchase: Mead Johnson Nutrition Company (MJN, Financial)
David Williams initiated holdings in Mead Johnson Nutrition Company. His purchase prices were between $26.44 and $29.63, with an estimated average price of $27.6. The impact to his portfolio due to this purchase was 0.11%. His holdings were 169,544 shares as of 03/31/2009.
Mead Johnson Nutrition Company is a pediatric nutrition company. It manufactures distributes and sells infant formulas and other nutritional products worldwide primarily under the `Enfa` family of brands. The Company's Enfa family of brands including Enfamil infant formula is a global brand franchise in pediatric nutrition. The company's products include routine and specialty infant formulas children's milks and milk modifiers pediatric vitamins dietary supplements for pregnant and breastfeeding mothers and products for metabolic disorders. It also launched Nutramigen AA an amino acid infant formula for infants with severe protein allergies. The company a subsidiary of Bristol-Myers Squibb Company and headquartered in Evansville Indiana offers its products in North America Europe Asia and Latin America. Mead Johnson Nutrition Company has a market cap of $2.02 billion; its shares were traded at around $26.28 with and P/S ratio of 0.7.
Reduced: Hercules Offshore Inc. (HERO, Financial)
David Williams reduced to his holdings in Hercules Offshore Inc. by 65%. His sale prices were between $1.16 and $5.6, with an estimated average price of $2.9. The impact to his portfolio due to this sale was -0.03%. David Williams still held 1,400,000 shares as of 03/31/2009.
Hercules Offshore is uniquely qualified to meet operators' needs for exploration workover and development drilling and liftboat services in shallow water depths in the Gulf of Mexico and international markets. It is dedicated to maintaining its fleets reliability and continually improving their performance. It conducts rigorous maintenance programs on all of the rigs and liftboats on a regular basis and invest in advanced equipment and safety upgrades. And it also offers a diversified fleet with a full range of vessel classes. To meet customers' needs vessels operate in various water depths and provide a variety of crane capabilities based on vessel selection. And its fleet works for customers across the Gulf of Mexico and they are also seeking opportunities in international areas with similar water depths and bottom conditions. Hercules Offshore Inc. has a market cap of $256.48 million; its shares were traded at around $2.9 with a P/E ratio of 2.74 and P/S ratio of 0.23.
Reduced: Sterlite Industries Ltd. (SLT, Financial)
David Williams reduced to his holdings in Sterlite Industries Ltd. by 85.45%. His sale prices were between $4.6 and $7.14, with an estimated average price of $5.5. The impact to his portfolio due to this sale was -0.1%. David Williams still held 800,000 shares as of 03/31/2009.
Sterlite Industries Ltd. is a leading producer of copper in India. Sterlite a part of Vedanta Resources a London listed metals and mining major with Aluminium Copper and Zinc operations in India and Australia continues to seek improvements in its business having set benchmarks to LME grade A standards in Copper products manufacturing. Sterlite Industries Ltd. has a market cap of $5.81 billion; its shares were traded at around $8.2 with a P/E ratio of 1.73 and P/S ratio of 0.93. The dividend yield of Sterlite Industries Ltd. stocks is 0.89%.
Sold Out: Genworth Financial Inc. (GNW, Financial)
David Williams sold out his holdings in Genworth Financial Inc.. His sale prices were between $0.84 and $2.96, with an estimated average price of $2. The impact to his portfolio due to this sale was less than 0.01%.
Genworth Financial is a leading insurance company in the U.S. with an expanding international presence serving the life and lifestyle protection retirement income investment and mortgage insurance needs of their customers. They distribute their products and services through an extensive and diversified distribution network that includes financial intermediaries independent producers and dedicated sales specialists. Genworth Financial Inc. has a market cap of $931.29 million; its shares were traded at around $2.15 with a P/E ratio of 1.99 and P/S ratio of 0.09.
Sold Out: Rockwell Automation Inc. Common (ROK, Financial)
David Williams sold out his holdings in Rockwell Automation Inc. Common. His sale prices were between $18.4 and $31.04, with an estimated average price of $24.2. The impact to his portfolio due to this sale was less than 0.01%.
Rockwell Automation is a leading global provider of industrial automation power control and information solutions that help customers meet their manufacturing productivity objectives. The Company brings together leading brands in industrial automation for Complete Automation solutions including Allen-Bradley controls and services Dodge mechanical power transmission products Reliance Electric motors and drives and Rockwell Software factory management software. Rockwell Automation Inc. Common has a market cap of $4.44 billion; its shares were traded at around $31.31 with a P/E ratio of 8.07 and P/S ratio of 0.78. The dividend yield of Rockwell Automation Inc. Common stocks is 3.7%. Rockwell Automation Inc. Common had an annual average earning growth of 5.3% over the past 10 years.
Sold Out: Omega Navigation Enterprises Inc. (ONAV, Financial)
David Williams sold out his holdings in Omega Navigation Enterprises Inc.. His sale prices were between $3.44 and $6.89, with an estimated average price of $5.4. The impact to his portfolio due to this sale was less than 0.01%.
Omega Navigation Enterprises Inc. is a Marshall Islands corporation that provides international marine transportation services to its customers with principal executive offices in Piraeus Greece. Omega Navigation Enterprises Inc. has a market cap of $44.92 million; its shares were traded at around $3.69 with a P/E ratio of 2.58 and P/S ratio of 0.58. The dividend yield of Omega Navigation Enterprises Inc. stocks is 54.2%.
Sold Out: JPMorgan Chase & Co. (JPM, Financial)
David Williams sold out his holdings in JPMorgan Chase & Co.. His sale prices were between $15.9 and $27.58, with an estimated average price of $23.6. The impact to his portfolio due to this sale was less than 0.01%.
J.P. Morgan Chase & Co. is a leading global financial services firm. The firm is a leader in investment banking asset management private banking private equity custody and transaction services and retail and middle market financial services. A component of the Dow Jones Industrial Average JPMorgan Chase is headquartered in New York and serves more than 30 million consumer customers and the world's most prominent corporate institutional and government clients. JPMorgan Chase & Co. has a market cap of $125.44 billion; its shares were traded at around $33.38 with a P/E ratio of 49.09 and P/S ratio of 1.87. The dividend yield of JPMorgan Chase & Co. stocks is 0.6%.
Sold Out: GOL Linhas Areas Inteligentes S.A. (GOL, Financial)
David Williams sold out his holdings in GOL Linhas Areas Inteligentes S.A.. His sale prices were between $3.03 and $5.19, with an estimated average price of $4.1. The impact to his portfolio due to this sale was less than 0.01%.
GOL Linhas Aereas Inteligentes is a `low-cost low-fare` airline. GOL Linhas Areas Inteligentes S.A. has a market cap of $329.59 million; its shares were traded at around $3.48 with and P/S ratio of 0.09. The dividend yield of GOL Linhas Areas Inteligentes S.A. stocks is 3.11%.
Sold Out: Centex Corp. (CTX)
David Williams sold out his holdings in Centex Corp.. His sale prices were between $5.47 and $11.82, with an estimated average price of $8.5. The impact to his portfolio due to this sale was less than 0.01%.
Centex Corporation is the nation's premier company in building and related services: Home Building Home Services Financial Services Contracting and Construction Services Construction Products and Investment Real Estate. Centex Corp. has a market cap of $1.43 billion; its shares were traded at around $11.5 with and P/S ratio of 0.17.
Sold Out: United Rentals Inc. (URI)
David Williams sold out his holdings in United Rentals Inc.. His sale prices were between $3.16 and $8.01, with an estimated average price of $5.1. The impact to his portfolio due to this sale was less than 0.01%.
United Rentals Inc. is one of North America's largest equipment rental companies with over branches in the majority of states several Canadian provinces and Mexico. The company offers for rent different types of equipment to customers that include construction and industrial companies manufacturers utilities municipalities homeowners and others. United Rentals Inc. has a market cap of $364.21 million; its shares were traded at around $6.07 with a P/E ratio of 2.32 and P/S ratio of 0.11. United Rentals Inc. had an annual average earning growth of 4.9% over the past 10 years.
