He invested in six in the first quarter of this year.

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Even after the economy's spectacular rebound in the first quarter of this year, he warned against exaggerated expectations for growth over the year as a whole.

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Though manager of hedge fund ESL Investments, Eddie Lampert, Chairman of Sears Holdings (SHLD), had been steadily chiseling down his stake in AutoNation ( AN) since the first quarter of 2010, he made his first reduction of this year in a series of transactions from Oct. 31 to Nov. 2, according to GuruFocus Real Time Picks.

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Jeffrey Joerres, Manpower's chief executive, says the first quarter of this year is also likely to be flat, although he takes some comfort from the fact that, so far this year, things have got no worse, and weakness is confined mostly to manufacturing.

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He particularly likes the first two, and added to both positions significantly in the third quarter of this year.

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He likes this Indonesian provider of fixed-line, mobile and data communications even though it delivered disappointing results in its first quarter.

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