13F filing recap · Q3 2009

What did Chou Associates buy in Q3 2009?

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

Stock value

$337.45M

Positions

Estimated turnover

6.9%

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

CHTChunghwa Telecom Co., Ltd.$3.28Mreported value+16.5K shares+10.0%

Reduced positions

BVFBiovail Corp$34.52Mreported value-100.0K shares-4.3%FSRFlagstone Reinsurance Holdings$16.92Mreported value-200.0K shares-11.8%MEGMedia General Inc$8.12Mreported value-1.10M shares-53.7%MNIThe Mcclatchy Company$4.55Mreported value-3.00M shares