This week’s low gas prices pushed down off-shore company shares and retail shares hold the market strong through the last quarter of the year. The market is volatile as investors worry about economic recession. Related companies: Ambac Financial Group Inc. (ABK, Financial), Retail Ventures Inc. (RVI, Financial), Radian Group Inc. (RDN, Financial), TravelCenters of America LLC (TA, Financial), CompuCredit Corp. (CCRT, Financial), The First Marblehead Corp. (FMD, Financial).
Ambac Financial Group Inc. (ABK): Down 67% Since Chris Davis Bought In the Third Quarter
Bond insurer Ambac Financial Group, Inc. (ABK) stated that it will continue to review options to expand its capital position. This move gave investors the confidence that ABK has the ability to pay-off its claims. Analysts predict that the stock is currently undervalued. Late-November, there have been a push for a legislation that will freeze ARM mortgages; this will be good news for bond insurers.
While Chris Davis increased his ownership by 55.4% to 6,506,767 shares, both David Dreman and Dodge & Cox sold out their holdings in ABK. Tom Gayner,
Martin Whitman, and Third Avenue Management also owns ABK stock.
Insider buys were made between $25.25 and $41.85 as of November: Chairman, President and CEO, Director Robert J. Genader and Senior Managing Director Kathleen A. Mcdonough bought 10,000 shares each, Executive Vice President John W. Uhlein bought 7,500 shares, Director Thomas C. Theobald bought 4,000 shares, Director Michael A. Callen bought 3,000 shares, Senior Managing Director David W. Wallis bought 2,500 shares, Director Henry D. G. Wallace bought 2,250, and Senior Managing Director Thomas J. Gandolfo bought 1,000 shares.
Ambac Financial Group Inc. has a market cap of $2.74 billion; its shares were traded at around $22.81 with P/E ratio of 12.39 and P/S ratio of 2.34. The dividend yield of Ambac Financial Group Inc. stocks is 3.7%.
Retail Ventures Inc. (RVI): Down 67% Since George Soros Bought In the Third Quarter
Retail Ventures, Inc. (RVI) makes public its proposal to sell Value City. Despite a 7.3% same-store sales drop, the retail chain pulled a third quarter net income gain of $1.40 or $68.2 million, compared to a previous year loss of $0.72, or $34.1 million.
Guru George Soros bought 28,643 shares at an average of $12.60. Also, John Keeley owns 2,798,540 shares.
Retail Ventures Inc. has a market cap of $218.77 million; its shares were traded at around $4.16 with P/E ratio of 6.13 and P/S ratio of 0.06.
Radian Group Inc. (RDN): Down 64% Since Arnold Schneider Bought In the Third Quarter
Radian Group, Inc. (RDN), a mortgage insurer, reported a third quarter loss of $704. million, or $8.78 compared to an income of $112. million, or $1.36 in the previous year. The company made a write-off of $304 million on its sub-prime mortgage investment in C-BASS, a joint venture with MGIC Investment. The company’s share price is its lowest this year. Despite all the turmoil, the company declared their quarterly dividend of $0.02.
Arnold Schneider added to his holdings in RDN at an average price of $29.50 to 2,657,125 shares. Third Avenue Management owns about 20% of Radian Group. Bill Miller recently bought 3,800,000 shares. And, NWQ Managers and Jean-Marie Eveillard kept their RDN shares nearly unchanged.
In September, insider buys were made by CEO Sanford A. Ibrahim, who bought 15,000 shares at $17.13, and Director Herbert Wender, who bought 3,400 shares at $16.71.
Radian Group Inc. has a market cap of $872.31 million; its shares were traded at around $10.62 with P/S ratio of 1.27. The dividend yield of Radian Group Inc. stocks is 0.8%.
TravelCenters of America LLC (TA): Down 63% Since George Soros Bought In the Third Quarter
TravelCenters of America, Inc. (TA), a fuel service franchise, named its new CFO, Andrew Rebholz, to replace John Hoadley. The company’s third quarter net loss of $21.6 million or $1.56 is due to expense aggregated from their previous merger in late- 2006.
Since the last quarter, George Soros owns 104,100 shares, which he bought around $36 a share.
TravelCenters of America LLC has a market cap of $183.98 million; its shares were traded at around $13.2 with P/S ratio of 0.03.
CompuCredit Corp. (CCRT): Down 62% Since Mohnish Pabrai Bought In the Third Quarter
CompuCredit Corporation (CCRT), which offers credit products to sub-prime consumers, announced a third quarter loss of $53.2 million or $1.10, compared to a previous year net income of $38.8 million or $0.78. The company’s loss was due to increasing defaults. Early June, CCRT appointed Thomas R. Donahue to direct corporate communications and strategy.
Mohnish Pabrai added to his holdings between $20.81 and $33.8, with an estimated average price of $24.8. Currently, Pabrai owns 1,806,801. Bill Miller bought 1,200,000 shares of CCRT stock in the last quarter.
During last week, President of Credit Cards Division, Krishnakumar Srinivasan, bought 20,000 shares at $10.19. Also on 11/08, Srinivasan bought 9,600 shares at $10.83. Following, CFO J. Paul Whitehead III bought 25,990 shares of CCRT stock on 11/08 at $11.45. In July, COO Richard W Gilbert sold 62,500 shares at $35.23.
CompuCredit Corp. has a market cap of $465.60 million; its shares were traded at around $9.45 with P/S ratio of 0.74.
The First Marblehead Corp. (FMD): Down 62% Since Richard Snow Bought In the Third Quarter 09/30/2007
The First Marblehead Corporation (FMD), a student loan and service provider posted a third quarter net income increase of 19.7% to $168.8 million or $1.80 compared to a previous $141 million or $1.49. The company rise in income is owed to an increase in revenue by 25.4%, from $302.9 to $380 million. Due to market instability, the company announced that they will not securitize student loans this quarter.
Richard Snow owns 287,269 shares, and guru Chris Davis owns 1,781,950.
Since October, Director Stephen E. Anbinder made large sells totaling 150,000 shares between $14.42 and $40.01. Another sell was made by EVP and President of FMER, Andrew James Hawley, who sold 13,619 shares at $39.42.
The First Marblehead Corp. has a market cap of $1.27 billion; its shares were traded at around $13.55 with P/E ratio of 3.21 and P/S ratio of 1.34. The dividend yield of The First Marblehead Corp. stocks is 3.5%.
Ambac Financial Group Inc. (ABK): Down 67% Since Chris Davis Bought In the Third Quarter
Bond insurer Ambac Financial Group, Inc. (ABK) stated that it will continue to review options to expand its capital position. This move gave investors the confidence that ABK has the ability to pay-off its claims. Analysts predict that the stock is currently undervalued. Late-November, there have been a push for a legislation that will freeze ARM mortgages; this will be good news for bond insurers.
While Chris Davis increased his ownership by 55.4% to 6,506,767 shares, both David Dreman and Dodge & Cox sold out their holdings in ABK. Tom Gayner,
Martin Whitman, and Third Avenue Management also owns ABK stock.
Insider buys were made between $25.25 and $41.85 as of November: Chairman, President and CEO, Director Robert J. Genader and Senior Managing Director Kathleen A. Mcdonough bought 10,000 shares each, Executive Vice President John W. Uhlein bought 7,500 shares, Director Thomas C. Theobald bought 4,000 shares, Director Michael A. Callen bought 3,000 shares, Senior Managing Director David W. Wallis bought 2,500 shares, Director Henry D. G. Wallace bought 2,250, and Senior Managing Director Thomas J. Gandolfo bought 1,000 shares.
Ambac Financial Group Inc. has a market cap of $2.74 billion; its shares were traded at around $22.81 with P/E ratio of 12.39 and P/S ratio of 2.34. The dividend yield of Ambac Financial Group Inc. stocks is 3.7%.
Retail Ventures Inc. (RVI): Down 67% Since George Soros Bought In the Third Quarter
Retail Ventures, Inc. (RVI) makes public its proposal to sell Value City. Despite a 7.3% same-store sales drop, the retail chain pulled a third quarter net income gain of $1.40 or $68.2 million, compared to a previous year loss of $0.72, or $34.1 million.
Guru George Soros bought 28,643 shares at an average of $12.60. Also, John Keeley owns 2,798,540 shares.
Retail Ventures Inc. has a market cap of $218.77 million; its shares were traded at around $4.16 with P/E ratio of 6.13 and P/S ratio of 0.06.
Radian Group Inc. (RDN): Down 64% Since Arnold Schneider Bought In the Third Quarter
Radian Group, Inc. (RDN), a mortgage insurer, reported a third quarter loss of $704. million, or $8.78 compared to an income of $112. million, or $1.36 in the previous year. The company made a write-off of $304 million on its sub-prime mortgage investment in C-BASS, a joint venture with MGIC Investment. The company’s share price is its lowest this year. Despite all the turmoil, the company declared their quarterly dividend of $0.02.
Arnold Schneider added to his holdings in RDN at an average price of $29.50 to 2,657,125 shares. Third Avenue Management owns about 20% of Radian Group. Bill Miller recently bought 3,800,000 shares. And, NWQ Managers and Jean-Marie Eveillard kept their RDN shares nearly unchanged.
In September, insider buys were made by CEO Sanford A. Ibrahim, who bought 15,000 shares at $17.13, and Director Herbert Wender, who bought 3,400 shares at $16.71.
Radian Group Inc. has a market cap of $872.31 million; its shares were traded at around $10.62 with P/S ratio of 1.27. The dividend yield of Radian Group Inc. stocks is 0.8%.
TravelCenters of America LLC (TA): Down 63% Since George Soros Bought In the Third Quarter
TravelCenters of America, Inc. (TA), a fuel service franchise, named its new CFO, Andrew Rebholz, to replace John Hoadley. The company’s third quarter net loss of $21.6 million or $1.56 is due to expense aggregated from their previous merger in late- 2006.
Since the last quarter, George Soros owns 104,100 shares, which he bought around $36 a share.
TravelCenters of America LLC has a market cap of $183.98 million; its shares were traded at around $13.2 with P/S ratio of 0.03.
CompuCredit Corp. (CCRT): Down 62% Since Mohnish Pabrai Bought In the Third Quarter
CompuCredit Corporation (CCRT), which offers credit products to sub-prime consumers, announced a third quarter loss of $53.2 million or $1.10, compared to a previous year net income of $38.8 million or $0.78. The company’s loss was due to increasing defaults. Early June, CCRT appointed Thomas R. Donahue to direct corporate communications and strategy.
Mohnish Pabrai added to his holdings between $20.81 and $33.8, with an estimated average price of $24.8. Currently, Pabrai owns 1,806,801. Bill Miller bought 1,200,000 shares of CCRT stock in the last quarter.
During last week, President of Credit Cards Division, Krishnakumar Srinivasan, bought 20,000 shares at $10.19. Also on 11/08, Srinivasan bought 9,600 shares at $10.83. Following, CFO J. Paul Whitehead III bought 25,990 shares of CCRT stock on 11/08 at $11.45. In July, COO Richard W Gilbert sold 62,500 shares at $35.23.
CompuCredit Corp. has a market cap of $465.60 million; its shares were traded at around $9.45 with P/S ratio of 0.74.
The First Marblehead Corp. (FMD): Down 62% Since Richard Snow Bought In the Third Quarter 09/30/2007
The First Marblehead Corporation (FMD), a student loan and service provider posted a third quarter net income increase of 19.7% to $168.8 million or $1.80 compared to a previous $141 million or $1.49. The company rise in income is owed to an increase in revenue by 25.4%, from $302.9 to $380 million. Due to market instability, the company announced that they will not securitize student loans this quarter.
Richard Snow owns 287,269 shares, and guru Chris Davis owns 1,781,950.
Since October, Director Stephen E. Anbinder made large sells totaling 150,000 shares between $14.42 and $40.01. Another sell was made by EVP and President of FMER, Andrew James Hawley, who sold 13,619 shares at $39.42.
The First Marblehead Corp. has a market cap of $1.27 billion; its shares were traded at around $13.55 with P/E ratio of 3.21 and P/S ratio of 1.34. The dividend yield of The First Marblehead Corp. stocks is 3.5%.
