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Weekly Guru Bargains Highlights: Apollo Group Inc, Burger King Holdings Inc, Harris Corp, Lexmark International Inc.

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Aug. 09, 2009 | Filed Under: OCR , APOL , BKC , HRS , LXK


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guruyt
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Last week's top guru bargain stocks were Omnicare Inc, Apollo Group Inc, Burger King Holdings Inc, Harris Corp, and Lexmark International Inc. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Omnicare Inc. (OCR): Down 12% Since NWQ Managers Bought In the Quarter Ended on 2009-03-31

NWQ Managers initiated holdings in Health Care Providers company Omnicare Inc. during the quarter ended 03/31/2009. The company owned 199,756 shares of as of 03/31/2009. Omnicare Inc. a Fortune five hundred company based in Covington Kentucky is a leading provider of pharmaceutical care for the elderly. Omnicare has a market cap of $2.77 billion; its shares were traded at around $23.36 with a P/E ratio of 9.2 and P/S ratio of 0.4. The dividend yield of Omnicare Inc. stocks is 0.4%. Omnicare Inc. had an annual average earning growth of 13.2% over the past 10 years. GuruFocus rated Omnicare Inc. the business predictability rank of 4-star.

Omnicare recently reported its second quarter results. The company announced that its ADJUSTED DILUTED EPS was 64 cents, up 36% from results a year ago. This was in line with the company's expectations. Quarterly Operating Cash Flow was also up 65%.

NWQ Managers bought 199,756 shares in the quarter that ended on 03/31/2009, which is 0.04% of the $12.77 billion portfolio of NWQ Investment Management Co. Wallace Weitz owns 2,133,730 shares as of 06/30/2009, which accounts for 3.57% of the $1.54 billion portfolio of Weitz Wallace R & Co. Richard Snow owns 1,924,271 shares as of 06/30/2009, which accounts for 2.53% of the $1.96 billion portfolio of Snow Capital Management, L.P.. Arnold Schneider owns 370,305 shares as of 03/31/2009, a decrease of 29.8% of from the previous quarter. This position accounts for 0.9% of the $1.01 billion portfolio of Schneider Capital Management. Richard Snow owns 2,073,182 shares as of 03/31/2009, a decrease of 37.82% of from the previous quarter. This position accounts for 2.99% of the $1.96 billion portfolio of Snow Capital Management, L.P..

Apollo Group Inc. (APOL): Down 14% Since Steve Mandel Bought In the Quarter Ended on 2009-03-31

Steve Mandel initiated holdings in Specialized Consumer Services company Apollo Group Inc. during the quarter ended 03/31/2009. He owned 1,888,980 shares of as of 03/31/2009. Apollo Group Inc. has been providing higher education to working adults for over 25 years. It has a market cap of $10.84 billion; its shares were traded at around $67.58 with a P/E ratio of 17.2 and P/S ratio of 3.5. Apollo Group Inc. had an annual average earning growth of 29.1% over the past 10 years. GuruFocus rated Apollo Group Inc. the business predictability rank of 4-star.

Apollo Group recently reported its third quarter 2009 results. The company announced that its net revenue for the quarter was over $1 billion, up 26% compared to results as of the third quarter of 2008. Net income was $1.26 per share, compared to 85 cents per share in the third quarter of 2008. “We are pleased to report a record third quarter, driven largely by continuing increases in enrollments and improved student retention at University of Phoenix,” said Co-Chief Executive Officer of Apollo Group, Chas Edelstein. “When our students succeed academically, we succeed financially and, for the first time in a quarter, Apollo surpassed the $1 billion revenue mark.”

Wallace Weitz bought 138,110 shares in the quarter that ended on 06/30/2009, which is 0.64% of the $1.54 billion portfolio of Weitz Wallace R & Co. Steve Mandel bought 1,888,980 shares in the quarter that ended on 03/31/2009, which is 2.25% of the $6.58 billion portfolio of Lone Pine Capital. Ken Heebner owns 3,920,500 shares as of 03/31/2009, an increase of 22.52% from the previous quarter. This position accounts for 5.68% of the $5.4 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. Lee Ainslie owns 1,808,920 shares as of 03/31/2009, an increase of 13.75% from the previous quarter. This position accounts for 2.6% of the $5.45 billion portfolio of Maverick Capital. Andreas Halvorsen owns 5,781,300 shares as of 03/31/2009, a decrease of 32.43% of from the previous quarter. Kenneth Fisher sold out his holdings in the quarter that ended on 06/30/2009.

Buy: SVP, CFO & Treasurer Brian L Swartz bought 1,000 shares of APOL stock on 04/03/2009 at the average price of $67.6; the price of the stock has decreased by 0.03% since.

Sell: Exec Chrmn of the Board, 10% Owner John G Sperling sold 50,000 shares of APOL stock on 07/31/2009 at the average price of $69.78; the price of the stock has decreased by 3.15% since. Many other insiders have also decreased their positions in the company.

Burger King Holdings Inc. (BKC): Down 20% Since Richard Aster Jr Bought In the Quarter Ended on 2009-03-31

Richard Aster Jr initiated holdings in Restaurants & bars company Burger King Holdings Inc. during the quarter ended 03/31/2009. He owned 328,300 shares of as of 03/31/2009. Burger King Holdings Inc. through its subsidiaries owns and franchises fast food hamburger restaurants. The company has a market cap of $2.35 billion; its shares were traded at around $17.44 with a P/E ratio of 12.2 and P/S ratio of 0.9. The dividend yield of Burger King Holdings Inc. stocks is 1.5%.

Richard Aster Jr owns 979,100 shares as of 06/30/2009, an increase of 198.23% from the previous quarter. This position accounts for 0.85% of the $1.98 billion portfolio of Meridian Fund. Robert Olstein owns 240,000 shares as of 03/31/2009, a decrease of 40.92% of from the previous quarter. This position accounts for 1.34% of the $411 million portfolio of Olstein Financial Alert Fund.

Burger King recently reported its fiscal third quarter 2009 results. The company announced that its revenue for the quarter was $600 million, up 1% compared to revenues a year ago. The company also announced that this was its 21 st consecutive quarter of worldwide positive sales, and 20th consecutive quarter of U.S and Canada positive sales. “We continue to post top-line growth even in this challenging macroeconomic environment,” said John Chidsey, chairman and chief executive officer, Burger King Corp. “We delivered our 21st consecutive quarter of worldwide positive comp sales, our annual net restaurant growth remains on track and our cash flow generation remains strong.

Buy: Director Sanjeev K Mehra bought 3,520 shares of BKC stock on 05/01/2009 at the average price of $16.99; the price of the stock has increased by 2.65% since.

Harris Corp. (HRS): Down 17% Since Michael Price Bought In the Quarter Ended on 2009-03-31

Michael Price added to his holdings in Telecommunications Equipment company Harris Corp. by 428.46% during the quarter ended 03/31/2009. He owned 65,000 shares of as of 03/31/2009. Harris Corporation is an international company focused on communications equipment for voice data and video applications. The company has a market cap of $4.15 billion; its shares were traded at around $31.36 with a P/E ratio of 8 and P/S ratio of 0.8. The dividend yield of Harris Corp. stocks is 2.6%. Harris Corp. had an annual average earning growth of 21.3% over the past 10 years.

Harris Corp. recently reported its third quarter 2008 results. The company announced that its net income was 86 cents per diluted share, and revenue was up slightly. "Our company performed very well in the third quarter with higher revenue and strong earnings," said Howard L. Lance, chairman, president and CEO. "However, order rates declined in the quarter and are expected to remain weak in the near-term, which will have a significant impact on expected results in fiscal 2010. Beyond fiscal 2010, our company is well-positioned to return to growth. We will continue to invest in acquisitions and new products to expand into adjacent markets where our advanced technologies and capabilities are discriminators. For example, feedback from our customers that have begun fielding our new Falcon lll ® manpack radios has been overwhelmingly positive. The Falcon III 117G is JTRS-approved and offers the most advanced capabilities available in the market, including wideband networking. We are confident that the radios will be widely fielded in both the U.S and international markets."

Richard Aster Jr bought 12,300 shares in the quarter that ended on 06/30/2009, which is 0.02% of the $1.98 billion portfolio of Meridian Fund. Michael Price owns 65,000 shares as of 03/31/2009, an increase of 428.46% from the previous quarter. This position accounts for 1.05% of the $178 million portfolio of MFP Investors LLC.

Sell: Director Karen L Katen sold 4,408 shares of HRS stock on 05/12/2009 at the average price of $29.37; the price of the stock has increased by 6.78% since.

Lexmark International Inc. (LXK): Down 20% Since David Dreman Bought In the Quarter Ended on 2009-03-31

David Dreman initiated holdings in Computer Hardware company Lexmark International Inc. during the quarter ended 03/31/2009. He owned 10,020 shares of as of 03/31/2009. Lexmark International Inc. makes it easier for businesses and consumers to move information between the digital and paper worlds. Lexmark International Inc. has a market cap of $1.3 billion; its shares were traded at around $16.65 with a P/E ratio of 5.9 and P/S ratio of 0.3. Lexmark International Inc. had an annual average earning growth of 7.1% over the past 10 years.

Lexmark recently reported its second quarter results. The company announced that its earnings per share in the quarter were 22 cents, compared to 89 cents in the second quarter of 2008. The company's revenue was $905 million, down 21% compared to the $1.14 billion in revenue last year.

Third Avenue Management owns 2,019,034 shares as of 03/31/2009, which accounts for 0.9% of the $3.78 billion portfolio of Third Avenue Management. David Dreman owns 10,020 shares as of 06/30/2009, which accounts for 0.01% of the $3.12 billion portfolio of Dreman Value Management.




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