All Things, Including Duopolies, Must Pass

Yesterday’s Wall Street Journal carried a piece detailing the possible threat to the aerospace duopoly of Boeing (BA) and its fierce European rival, Airbus. While a Detroit/Big-3 type fall is hardly the immediate fate for these two companies, companies like Bombardier and others are successfully moving into the market for smaller aircraft.
The current dynamics of [...]


Stock Screen: Dogs of the Dow

The Dogs of the Dow strategy seems to be a popular topic as Barron’s ran a feature article on the 2010 batch a few days after I ran this screen for premium members. Readers can find some useful background and historical results information from the Barron’s site [$].
The Dogs of the Dow is a well-known, [...]

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2009 Q3 Moves of Bruce Berkowitz, Mohnish Pabrai and Robert Rodriguez

Unlike some of the managers I reviewed yesterday, Bruce Berkowitz and his cohorts at the Fairholme Capital have been buying. A scan of their Q3 2009 holdings spreadsheet suggests they favor healthcare companies and Berkshire Hathaway (BRK-A, BRK-B).

Fairholme opened two new positions, both in the healthcare industry: Wyeth (WYE) and Cardinal Health (CAH). However, Berkowitz [...]

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Q2 2009 Portfolio Holdings for Bruce Berkowitz, Mohnish Pabrai, and Bob Rodriguez

The Fairholme Fund have bounced back nicely in 2009, showing a 30% gain for the year. Quick summary follows but you can view Berkowitz’s portfolio moves in this spreadsheet.

Their new positions seem to indicate that Berkowitz has changed his mind regarding some lukewarm comments about Berkshire Hathaway’s low growth potential a while back. He added [...]

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Surveying The Defense Industry

Despite the partisan hand-wringing over a Democrat in the White House, yesterday’s release of the defense budget served notice that U.S. defense spending isn’t being pared back, not with two wars and a ramp-up planned in Afghanistan. Additionally, recent articles suggest possible trends in future defense spending:

Electricity Grid in U.S. Penetrated By Spies [WSJ]
Defense Firms [...]

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Bruce Berkowitz, Mohnish Pabrai & Robert Rodriguez Q4 2008 Holdings

We continue our look at various money managers’ portfolios with Bruce Berkowitz of the Fairholme Fund. Readers can get a spreadsheet view of Berkowitz’s portfolio changes here. Notable changes include the following:

Fairholme continues its thematic investing, opening or adding to bullish positions in defense and health insurers. New investments include Humana (HUM) and General Dynamics [...]

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