FFH 13F is Out(3/31/2011)

[Guest ValueCarl]

http://www.sec.gov/Archives/edgar/data/915191/000095012311050109/o70890ae13fvhr.txt

[A_Hamilton]

Very few changes here. Boston Properties holding of $5 million is gone. Biggest change I see is the reduction in the JNJ stake by ~1.5 million shares.

[vinod1]

Anyone know what type of investment FFH has in Intel? It looks like its value is about $1 per share/unit and it is not a call or put, so what can it be?

 

Thanks

 

Vinod

[StubbleJumper]

Interesting.  They seem to have bought some USG.  It's definitely cheap compared to peak earnings, or top-of-cycle earnings, but how long will it take to get the volumes back? 

 

So, they're hedging equities, and have taken a deflation-biased stance, but they bought USG? 

 

Strange.

 

SJ

[A_Hamilton]

SJ-They've owned USG for a time now. Seems to be a similar play to Abitibi...USG is the low cost producer...

 

Vinod-The holding in Intel is a convertible bond.

 

-A. Hamilton

[Parsad]

There are some changes...perhaps small...but still they are changes:

 

Abitibi:  +3.8M shares

Boston Property:  Preferred notes gone

Citigroup:  +30K shares

Creseud:  -200K shares

JNJ:  -1.7M shares

Old Republic:  +10K shares

Stewart Enterprises:  -3.2M shares

 

Cheers!

[Myth465]

http://www.dataroma.com/m/holdings.php?m=FFH

 

Interesting.

[vinod1]

SJ-They've owned USG for a time now. Seems to be a similar play to Abitibi...USG is the low cost producer...

 

Vinod-The holding in Intel is a convertible bond.

 

-A. Hamilton

 

Thank you!