Fairholme Capital has filed its 13F for the first three months of 2013 with the SEC this afternoon. For those willing to read it, the full document is available at the SEC website at this link, though there’s a summary of the major changes to the fund’s asset holdings below. In the period, Fairholme saw its 13F portfolio change very little, coming in at $6,947,716,100 at the end of March compared to its December...
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Goodhaven Capital Management’s 13f filing with the Securities and Exchange Commission (SEC) for the first quarter of 2013 showed that the market value of its total stockholdings increased from approximately $257.49 million to more than $346.62 million. Larry Pitkowsky and Keith Trauner, former analysts, portfolio managers, and executives of Fairhome Capital Management established Goodhaven Capital Management in 2011. To demonstrate their commitment in generating high returns from the equities they recommend to their clients,...
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Tweedy Browne’s 13f filing with the Securities and Exchange Commission (SEC) for the March quarter this year showed that it acquired two new stocks, boosted its stakes across 17 stocks, reduced its stockholdings in 18 companies, and sold out its entire stake in three stocks. The firm has more than $3.68 billion assets under management, (AUM), up from approximately $3.17 billion in the previous quarter. Earlier, Tweedy Browne filed a 13F for their value...
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Tesla Motors Inc (NASDAQ:TSLA) has been one of the favorite shorts on Wall Street and continues to be—even though the company has returned 76 percent year to day and 57 percent since it pre-announced its first quarter results at the beginning of April. Jefferies analysts Elaine Kwei and Peter Nesvold predict that short covering will continue pushing the company’s stock price higher, and they’ve raised their price target for the stock. The Story Behind...
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David Zervos, head of global fixed income at Jefferies, told Bloomberg TV’s Erik Schatzker and Sara Eisen on “Market Makers” today that the Federal Reserve’s QE program is “the greatest monetary policy experiment of our lifetime and I do not think that anyone is smart enough, me, any central banker up there” to figure out how to properly exit. David Zervos said, “I am not criticizing them, I just do not think that...
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Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) launched its BlackBerry Q10 in the UK last Friday. The devices are selling at the Carphone Warehouses in the high-end Selfridges department stores. Jefferies said in its latest research report that there was more buzz around Q10 compared to Z10 launch. Jefferies’ checks indicate that initial sell-in was 50+ per store, and this initial stock was sold out immediately. Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) will launch the device...
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Google Inc (NASDAQ:GOOG) will report first-quarter earnings after closing bell today, and analysts at Jefferies have released a report to investors ahead of that report. They said their checks of the data right now indicate that the search giant should have very solid earnings for the first quarter. They’re predicting $10.82 earnings per share compared to the Wall Street consensus of $10.65 per share. According to the report, the analysts’ checks of Google Inc (NASDAQ:GOOG)’s...
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Analysts at Jefferies Equity Research anticipate that Apple Inc. (NASDAQ:AAPL) financial results for the first quarter of the current fiscal year will be below the consensus estimates, and project substantial downside for the second quarter. Jefferies analyst Peter Misek together with Jason North and Billy Kim estimated that Apple Inc. (NASDAQ:APPL) would report $41 billion revenue and $9.52 earnings per share compared with the consensus estimate of Wall Street analysts at $43 billion revenue...
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General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F) agreed to work together to design and develop a new generation of advanced 9-speed and 10-speed automatic transmissions to deliver better performance and fuel economy for vehicles. The two competing automakers partnered in this endeavor in order to comply with the new corporate average fuel economy (CAFE) standards set by the National Highway Traffic Safety Administration (NHTSA) and the Environmental Protection Agency (EPA). In August,...
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Despite rumors that Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB)’s BB10 devices are getting a lukewarm response, the company has increased its monthly build of new devices that run on BB10 operating system, Jefferies said in its latest research report. Peter Mlsek of Jefferies said his checks in Asia indicate that the production of Q10 devices have kicked into high gear, thus improving the overall BB10 device builds to over 2 million per month. That...
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Analyst firm Jefferies has started coverage of Icahn Enterprises LP (NASDAQ:IEP) with a buy rating. Jefferies was charmed by Carl Icahn’s aggressive brand of activism that has kept him active at so many fronts since last year. Analysts Daniel Fannon and Surinder Thind see Icahn Enterprises LP (NASDAQ:IEP) as an opportunity to profit off of Icahn’s brilliant ideas. The holding company Icahn Enterprises LP (NASDAQ:IEP) can receive a significant boost as Icahn succeeds in his plans for companies like Netflix,...
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