-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HItT9aMakkti0r60+3Ua3Sv0okBubQOUsFdiGyf5G5xGwPEBa7L+88UT95YIoWOC MnOQfnfoERoje7Fvh/gqAw== 0001140361-08-009712.txt : 20080417 0001140361-08-009712.hdr.sgml : 20080417 20080417113252 ACCESSION NUMBER: 0001140361-08-009712 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080331 FILED AS OF DATE: 20080417 DATE AS OF CHANGE: 20080417 EFFECTIVENESS DATE: 20080417 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOWLE & CO CENTRAL INDEX KEY: 0001224014 IRS NUMBER: 431238562 FISCAL YEAR END: 0903 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10640 FILM NUMBER: 08761447 BUSINESS ADDRESS: STREET 1: 12855 FLUSHING MEADOW DR. CITY: ST. LOUIS STATE: MO ZIP: 63131 BUSINESS PHONE: 3148220204 MAIL ADDRESS: STREET 1: 12855 FLUSHING MEADOW DR. CITY: ST. LOUIS STATE: MO ZIP: 63131 13F-HR 1 form13f.txt TOWLE & CO 13-F 3-31-2008 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 2008 Check here if Amendment [ ]; Amendment Number: ___ This Amendment (Check only one.): [ ]is a restatement. [ ]adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Towle & Co. ---------------------------------- Address: 1610 Des Peres Road, Suite 250 ---------------------------------- St. Louis, MO 63131 ---------------------------------- Form 13F File Number: 28- -------------- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Peter J. Lewis, CFA ---------------------------- Title: Director of Research ---------------------------- Phone: 314-822-0204 ---------------------------- Signature, Place, and Date of Signing: Peter J. Lewis St. Louis, MO 04/15/08 - --------------------- ------------------- ------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X]13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ]13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s.) [ ]13F COMBINATION REPORT. (Check here it a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other managers Reporting for this Manager: None Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: None ------- Form 13F Information Table Entry Total: 74 ------- Form 13F Information Table Value Total: $317,685 -------- (thousands)
FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- ------- --- ---- ------- -------- ------- ------ ------- Air Canada Inc Foreign Shares 008911703 6586 722800 SH Sole None 415900 - 306900 Alaska Air Group Inc Common Shares 011659109 2646 134900 SH Sole None 80066 - 54834 AmeriServ Financial Inc Common Shares 03074a102 2654 951419 SH Sole None 550600 - 400819 Arkansas Best Corp Common Shares 040790107 11287 354270 SH Sole None 206050 - 148220 ArvinMeritor Inc Common Shares 043353101 8249 659400 SH Sole None 385300 - 274100 BankUnited Financial Corp Common Shares 06652b103 7388 1474800 SH Sole None 856100 - 618700 Beazer Homes USA Inc Common Shares 07556q105 5790 612759 SH Sole None 356000 - 256759 Brunswick Corp Common Shares 117043109 9540 597400 SH Sole None 346000 - 251400 Building Materials Hdlg Corp Common Shares 120113105 4907 1120400 SH Sole None 648800 - 471600 Celestica Inc Common Shares 15101q108 7329 1090700 SH Sole None 632018 - 458682 Charming Shoppes Inc Common Shares 161133103 208 43159 SH Sole None 43159 - - Chiquita Brands Intl Inc Common Shares 170032809 14388 622600 SH Sole None 361500 - 261100 Circuit City Stores Inc Common Shares 172737108 278 70000 SH Sole None 70000 - - CNA Financial Corp Common Shares 126117100 8174 316950 SH Sole None 185100 - 131850 ConocoPhillips Common Shares 20825c104 6260 82153 SH Sole None 47450 - 34703 Covenant Transport Group Inc Common Shares 22284p105 2528 487200 SH Sole None 281600 - 205600 Ditech Networks Inc Common Shares 25500t108 294 100000 SH Sole None 100000 - - Edge Petroleum Corp Common Shares 279862106 241 60000 SH Sole None 60000 - - EFJ Inc. Common Shares 26843b101 240 200000 SH Sole None 200000 - - Flagstar Bancorp Inc Common Shares 337930101 6200 858825 SH Sole None 498625 - 360200 Flexsteel Industries Inc Common Shares 339382103 4692 348090 SH Sole None 198735 - 149355 FSI International Inc Common Shares 302633102 266 200000 SH Sole None 200000 - - Furniture Brands Intl Inc Common Shares 360921100 14312 1223300 SH Sole None 708400 - 514900 Gehl Company Common Shares 368483103 6381 376700 SH Sole None 218400 - 158300 Group 1 Automotive Inc Common Shares 398905109 6647 283100 SH Sole None 164800 - 118300 Haverty Furniture Co Inc Common Shares 419596101 8485 797500 SH Sole None 474200 - 323300 Hot Topic Inc Common Shares 441339108 215 50000 SH Sole None 50000 - - HRPT Properties Tr Common Shares 40426w101 336 50000 SH Sole None 50000 - - Irwin Financial Corp Common Shares 464119106 7017 1321500 SH Sole None 767101 - 554399 Jo-Ann Stores Inc Common Shares 47758p307 3517 238795 SH Sole None 139757 - 99038 Kemet Corp Common Shares 488360108 242 60000 SH Sole None 60000 - - Korea Electric Power Corp Sponsored ADR 500631106 7538 501200 SH Sole None 292400 - 208800 LandAmerica Financial Common Shares 514936103 11816 299384 SH Sole None 174350 - 125034 Lattice Semiconductor Corp Common Shares 518415104 284 100000 SH Sole None 100000 - - Leadis Technology, Inc. Common Shares 52171N103 318 165000 SH Sole None 165000 - - Lear Corp Common Shares 521865105 10345 399300 SH Sole None 231000 - 168300 LSI Corporation Common Shares 502161102 371 75000 SH Sole None 75000 - - M/I Homes Inc Common Shares 55305b101 7401 435880 SH Sole None 253350 - 182530 Material Sciences Corp Common Shares 576674105 266 34400 SH Sole None 34400 - - Max Worldwide, Inc Common Shares 577940109 62 155000 SH Sole None 155000 - - Meritage Homes Corporation Common Shares 59001a102 9448 489041 SH Sole None 284841 - 204200 Merix Corp Common Shares 590049102 204 100000 SH Sole None 100000 - - Motive, Inc. Common Shares 61980V107 191 125840 SH Sole None 125840 - - Natuzzi Spa Sponsored ADR 63905a101 896 242327 SH Sole None 142800 - 99527 Navistar International Corp Common Shares 63934e108 25581 425300 SH Sole None 249500 - 175800 Newpark Resources Inc Common Shares 651718504 6077 1191700 SH Sole None 687200 - 504500 Parlux Fragrances Inc Common Shares 701645103 294 100000 SH Sole None 100000 - - Peak International Ltd Common Shares G69586108 384 200000 SH Sole None 200000 - - PFF Bancorp Inc Common Shares 69331w104 7307 878300 SH Sole None 508800 - 369500 PMA Capital Corp Common Shares 693419202 6480 758881 SH Sole None 439243 - 319638 PolyOne Corporation Common Shares 73179p106 6041 948400 SH Sole None 548000 - 400400 Proliance International Inc Common Shares 74340r104 1869 1027448 SH Sole None 609234 - 418214 Qimonda Ag Sponsored ADR 746904101 323 75000 SH Sole None 75000 - - Quanta Capital Holdings Ltd Common Shares g7313f106 1923 1111800 SH Sole None 637400 - 474400 RF Micro Devices Inc Common Shares 749941100 199 75000 SH Sole None 75000 - - Richardson Electronics Ltd Common Shares 763165107 248 58700 SH Sole None 58700 - - Sanmina-SCI Corp Common Shares 800907107 9652 5958100 SH Sole None 3552000 - 2406100 Semiconductor Mfg Intl Sponsored ADR 81663n206 263 75000 SH Sole None 75000 - - Silicon Storage Technology Inc Common Shares 827057100 262 100000 SH Sole None 100000 - - Spansion Inc Cl A Common Shares 84649r101 247 90000 SH Sole None 90000 - - Stein Mart Inc Common Shares 858375108 393 70000 SH Sole None 70000 - - Stewart Info. Services Corp Common Shares 860372101 7169 256150 SH Sole None 149000 - 107150 Superior Offshore Common Shares 86825Q104 264 80000 SH Sole None 80000 - - International Sypris Solutions Inc. Common Shares 871655106 289 70000 SH Sole None 70000 - - Tecumseh Products Co Common Shares 878895200 2970 96817 SH Sole None 53012 - 43805 Tesoro Corporation Common Shares 881609101 3998 133298 SH Sole None 78550 - 54748 True Energy Trust Foreign Unit 897839106 356 100000 UNT Sole None 100000 - - Union Drilling Inc Common Shares 90653p105 9065 518298 SH Sole None 287833 - 230465 Valero Energy Corp Common Shares 91913y100 7223 147079 SH Sole None 85600 - 61479 Vimicro International Corp Sponsored ADR 92718n109 137 50000 SH Sole None 50000 - - Virco Mfg Corp Common Shares 927651109 3338 638369 SH Sole None 369360 - 269009 West Marine Inc Common Shares 954235107 209 30000 SH Sole None 30000 - - Westell Technologies Inc. Common Shares 957541105 300 200000 SH Sole None 200000 - - YRC Worldwide Inc Common Shares 984249102 8357 637000 SH Sole None 369300 - 267700
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