Bruce Berkowitz on AmeriCredit (ACF), Leucadia National (LUK), UnitedHealth (UNH), WellPoint (WLP), WellCare (WCG), and Sears Holdings (SHLD)
Robert Huebscher of Advisor Perspectives has just published an interview with Bruce Berkowitz of Fairholme Fund (FAIRX). The interview was conducted on December 24th. Here are a few highlights:
On AmeriCredit (ACF):
"In the worst case, we will make some pretty good money."
On Leucadia National (LUK):
"They have a better track record than Berkshire Hathaway and they take their fiduciary roles very seriously."
On UnitedHealth (UNH), WellPoint (WLP) and WellCare (WCG):
"If HMOs like UnitedHealth, WellPoint, WellCare, and others cannot provide these services, then who will? The only thing government can do is to cut a check. Those that are providing these services now will be the ones providing it in the future."
On Sears Holdings (SHLD):
"We are not looking at today’s values in the real estate market. We have come to the conclusion that we cannot snap our fingers and sell. If the value from Sears comes from its real estate holdings, then it may take a while to sell those properties."
You may also want to check out Advisor Perspectives' past interviews and subscribe for their free newsletter. We find their questioning of interviewees to be knowledgable and engaging.