Date updated:11-29-2007
From the company website, www.thirdavenuefunds.com
“Since our founding in 1986, Third Avenue Management has utilized a disciplined fundamental, bottom-up approach to identify appropriate investments with the sole objective of delivering superior returns with limited investment risk, over the long term.
We are guided by one proven value philosophy, which focuses on the strength of a company's balance sheet and the discounted price of its securities. Our belief is that a strong, well-managed company can survive difficult environments, and the price of its securities will eventually reflect its true intrinsic value.
Third Avenue Management's research approach is opportunistic and not constrained by market capitalization, industry sector, or geographic location.”
Morningstar rates the Third Avenue Value fund with 5 stars. The total Third Avenue umbrella of funds and investment vehicles has assets under management of over $20 Billion.
The fund is managed by Martin Whitman, who was a co-founder of the fund from 1991. Whitman is highly respected in value investing circles and is well know for his critiques of how companies measure their earnings. Recently and after a generous donation, Syracuse University renamed its School of Management after Whitman. Here is a good profile of Whitman’s life and career from the University.
Whitman is also an author and sits on the board of various public companies.
Current Returns:
1-Year: 10.81%
3-Year: 13.28%
5-Year: 19.44%
As of 7-31-07 filing.

-
PKX
Posco - $112.45
- +2.70%
- $110.39
No Analysis added

-
BAM
Brookfield Asset - $21.10
- -2.68%
- $21.22
No Analysis added

-
FCE-A
Forest City Ent C - $9.26
- +0.43%
- $9.07
No Analysis added

-
MBI
M B I A Inc - $4.35
- +6.62%
- $4.07
No Analysis added

-
NBR
Nabors Inds Inc N - $21.99
- -1.08%
- $21.80
No Analysis added

-
JOE
St Joe Co (the) - $26.06
- +0.50%
- $25.78
No Analysis added

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BK
Bank Of Ny Mellon - $26.90
- +0.64%
- $26.31
No Analysis added

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CVA
Covanta Hld Cp - $17.50
- +0.06%
- $17.32
No Analysis added
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08/02/2007 14:00 PM CDT Asked by Bhh
Dudes - where's CHEUY.PK and the like?