Quarter Ending 09/30/2009			Back to the Enlightened American Website
	Eagle Value Partners (Meryl Witmer)
			*****  NEW POSITIONS TAKEN
	% pos ch	% val ch	Change	COMPANY	Cur. Pos.	Prev. Pos.	Approx PPS	Prev PPS	Value	Prev Value
	N/A	N/A		FIRST AMERN CORP CALIF	32,443		$32.36		$1,050,000
	N/A	N/A		HASBRO INC	25,000		$27.76		$694,000
	N/A	N/A		HUNTINGTON BANCSHARES INC	100,000		$4.71		$471,000
	N/A	N/A		SEACOAST BKG CORP FLA	496,700		$2.52		$1,252,000
	N/A	N/A		VALEANT PHARMACEUTICALS INTL	57,100		$28.06		$1,602,000
	N/A	N/A		ALTISOURCE PORTFOLIO SOLNS S	65,600		$14.44		$947,000
			*****  SOLD OFF
	% pos ch	% val ch	Change	COMPANY	Cur. Pos.	Prev. Pos.	Approx PPS	Prev PPS	Value	Prev Value
			*****  HOLD POSITIONS
	% pos ch	% val ch	Change	COMPANY	Cur. Pos.	Prev. Pos.	Approx PPS	Prev PPS	Value	Prev Value
			*****  AUGMENTED POSITIONS
	% pos ch	% val ch	Change	COMPANY	Cur. Pos.	Prev. Pos.	Approx PPS	Prev PPS	Value	Prev Value
			*****  REDUCED POSITIONS
	% pos ch	% val ch	Change	COMPANY	Cur. Pos.	Prev. Pos.	Approx PPS	Prev PPS	Value	Prev Value
	-75.21%	35.73%	-376,064	E TRADE FINANCIAL CORP	123,936	500,000	$1.75	$1.29	$217,000	$645,000
	-18.14%	162.81%	-6,687	KERYX BIOPHARMACEUTICALS INC	30,186	36,873	$2.35	$0.89	$71,000	$33,000
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