13F filing recap · Q4 2008

What did Chou Associates buy in Q4 2008?

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

Stock value

$279.01M

Positions

Estimated turnover

7.2%

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

SHLDQSears Holdings Corporation$12.94Mreported value+100.0K shares+42.8%CHTChunghwa Telecom Co., Ltd.$3.08Mreported value+34.3K shares+21.0%

Reduced positions

KGKing Pharmaceuticals Inc$76.64Mreported value-575.0K shares-7.4%BVFBiovail Corp$25.82Mreported value-150.0K shares-5.2%FSRFlagstone Reinsurance Holdings$25.30Mreported value-150.0K shares-5.5%WPIWatson Pharmaceuticals Inc$22.67Mreported value-50.0K shares

Exited positions

SSprint Nextel Corporation$4.55Mprior reported value-729.5K shares-100.0%DISHDish Network Corporation$1.07Mprior reported value-50.0K shares-100.0%TELTelecom Corp of New Zealand Ltd$1.07Mprior reported value-113.8K shares-100.0%HTXHutchison Telecommunications International Ltd$339.0Kprior reported value