Bruce Berkowitz Boosts Mueller Water (MWA) Stake to 11.1% - 13D

In a 13D filing after the close on Mueller Water Products, Inc. (NYSE: MWA), Bruce Berkowitz/Fairholme Capital disclosed an 11.1% stake (9.5 million shares) in the company. Berkowitz disclosed an 8.92% stake in Mueller Water in a 02/15 13G filing.

Berkowitz has no present plans or proposals that would result in or relate to any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

According to Stockpickr.com, Berkowitz was nominated by Morningstar as Domestic-Stock Manager of the Year for 2006. Link to Portfolio

Pirate Capital Discloses 5.6% in Mueller Water (MWA) From Walter's Spin-Off

Earlier we noted that Pirate Capital disclosed a 5.6% stake in Mueller Water Products Inc. (NYSE: MWA). Well this is true, but the stake was received from the spin-off of Mueller from Walter Industries Inc. (NYSE: WLT), a position Pirate has held.

So our earlier headlines that Pirate Capital is alive and well was a little premature. While the firm has shown its activism recently in Brink's (NYSE: BCO) and raised its stake in a few positions, the liquidations of its positions outweighs any buying and we still have not seen a new position since the hedge fund's shake-up in the fall.

NOTE: Our earlier post was deleted.