A brief rundown of Q2’s earnings report (all figures US$ unless noted):
After last quarter’s negative cash figure (-$10M OCF), Q2 saw several encouraging developments on the cash flow statement. ACAS is once again cash flow positive, generating $141M OCF during the 1st 6 months. This is a 26% decline from last year but [...]
The Wintergreen Fund, managed by David Winters, was fairly steady judging from its 13F filing. My spreadsheet is a little off as it seems some of the CUSP IDs were changed from last quarter so disregard the new positions shown in GLD & CNQ.
Winters opened only 1 new position, eBay. I’ve seen some [...]
In their 13F-HR filing for Q2 2008, Bruce Berkowitz and his cohorts at the Fairholme Fund continue their shift from energy into healthcare:
A quick rundown on Q2 earnings and then I’ll focus on strategic matters. All results US$ unless otherwise noted:
Cash flow from operations increased 30% to $2.8B for the 6 months ended 06/30/2008. That’s probably another record for the company but they’re going to need every penny and then some as they showed $6.3B [...]
Seth Klarman’s Baupost Group continues its move into the healthcare sector as evidenced by the latest Q2 13F-HR filing:
Professional money managers have filed their 13F filings for Q2 2008. I will examine them over the weekend and publish my comments next week but submit the spreadsheet links below for readers.
Also, if you have a strong case for other managers I should include, send me an email or post in the comments below. [...]
