Weekly Movers & Losers

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Leading the pack during the week ending Jan. 12 was Westco Financial Corp., which is run by Warren Buffett’s long-time business partner Charles Munger. The Pasadena insurance company saw its already huge shares gain another $11.05 bumping it up to $467 a share to close out the week. That’s a 9 percent gain for the week. That share price is pocket change compared to Buffett’s Berkshire Hathaway Inc., which sits at $110,000 a share.


Over the past year, shares in Wesco have gained 23 percent, or more than $90 a share and the company has paid out more than $1.46 in dividends over that period.


Behind Wesco in the weekly winners was Public Storage Inc., which said this week it auctioned off the contents of a customer’s storage spaces to compensate for unpaid rent only to find the customer was a solider deployed in Iraq. It came to an agreement with the solider, whose name is Patrick Rogalin, and the Glendale-based company got a nice bump of $5.89 per share for the week; closing up 6 percent to $102.94.


Heading the opposite direction was J2 Global Communications Inc., which lowered its 2006 fiscal guidance last week and said it expects to see $3.5 million in options charges. The Los Angeles company saw shares dip 7.8 percent a share to $25.71.


Shares in Rosemead’s Edison International Inc. also dropped. It lost 2.3 percent over the week to close at $42.95. The utility provider has continued to see its shares dip after hitting a high of $47.15 in early December, losing 9 percent since then.

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