Van Den Berg Management reduced its stake in the asset manager to 10.07 million shares (19.75%), from the 10.46 million (21.98%) reported on June 23.

From Barron's 7-16-07:

"Van Den Berg Management raised its stake to 11.95 million shares (25.1%) from the 11.61 million (24.4%) reported on July 2."

turnaround asset manager no debt 6% yield

From Barron's 7-9-07:

"Van Den Berg Management boosted its stake to 11.6 million shares (24. 4%) from the 10.7 million (22.51%) reported on June 28."

Undervalued financial company with change in management in a good position to improve fundamentals and be purchased

6%

WP Stewart (WPL) NYSE asset mgmt firm.
Stock has bottomed out twice at a 5 yr low.
Stock originally devalued due to 1 investor
selling since the founder came back and took
over the helm. Strong fundamentals, comitted
client base, fee structured changed to benefit
clients, branching out to gain new customers.
Cllient base is only large investors and good
steady, strong returns over many years.
All cash returned to investors as dividends.
Since large asset mgmt firms and brokers are
losing clients to discount brokers, they will be
seeking high profile clients to maintain their
customer base. Good potential for takeover from
asset mgmt firms, hedge funds, or a large brokerage.

Ratings change:SELL, Target price :USD 8.06-7.94

growth and dividend

Downgraded by Sandler O'Neill from Hold to Sell