A few not-so-shocking giveaways about this week’s new movie releases, including Justice League and Frank Serpico
Matthew Lickona 6 p.m., Nov. 17
San Diego's beleaguered money manager, Brandes Investment Partners, is taking more hits this morning (Feb. 20). Eastman Kodak stock is trading at $3.39, down 5.04 percent on the day. As of Sept. 30, Brandes owned 9.61 percent of the stock, the second largest institutional holding. Kodak stock is down 94 percent in the last 12 years. Other Brandes disasters, based on Sept. 30 data, are General Motors, selling for $1.55, Brandes owning 6.03 percent, third largest institutional holder. Ford, $1.51, 4.88%, 4th largest; Gannett, $3.76, 10.81%, second largest; McClatchy, 48 cents, 6.58%, 3rd largest; Royal Bank of Scotland, $5.31, 2.69%, largest. This British bank, essentially nationalized, underwent a 20-1 reverse split, so its high for the last year is $163.12. It has lost almost all its value. Brandes also got hit hard in Freddie Mac, Washington Mutual, and Countrywide. In late 2007, Brandes had $125 billion under management; at yearend last year that was down to $53 billion.