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Longleaf 2007 Annual Report
Submitted on 02/14/2008
Mason Hawkins of Longleaf Partners says "The recent volatility gave long term investors terrific opportunities to persue. Falling prices are not necessarily worrisome for the investor who knows that he will be a net buyer of common stocks over next five years. As patient, long term investors we know that as appraisals remain intact returns should be delayed not lost."
Longleaf added Citadel Broadcasting, Limited Brands, Sun Microsystems, UBS and Walgreen to their portfolio.
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