13F filing recap · Q3 2008

What did Chou Associates buy in Q3 2008?

Reported stock-position changes between this filing and the previous one.

Stock value

$412.48M

Positions

Estimated turnover

5.9%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Increased positions

MNIThe Mcclatchy Company$25.04Mreported value+2.72M shares+95.4%SNYSanofi$18.80Mreported value+40.0K shares+7.7%UTSIUtstarcom Inc$17.83Mreported value+100.0K shares+2.0%ODPThe Odp Corporation$8.75Mreported value+500.0K shares+51.4%GCIGannett Co. Inc.$5.53Mreported value+50.0K shares+18.5%CRYPCryptologic Limited$339.0Kreported value+35.0K shares+140.0%

Reduced positions

FSRFlagstone Reinsurance Holdings$28.81Mreported value-253.8K shares-8.5%SHLDQSears Holdings Corporation$22.32Mreported value-19.0K shares-7.5%

Exited positions

SVNSun-Times Media Group Inc$1.25Mprior reported value-2.52M shares-100.0%RYAAYRyanair Holdings Plc$1.01Mprior reported value-35.0K shares-100.0%CTOCto Realty Growth, Inc.$263.0Kprior reported value-6.2K shares-100.0%