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Weekly Guru Bargains Highlights: Unit Corp, Overseas Shipholding Group Inc, Elan Corp. plc, LENDER PROCESSING, The New York Times Company.

August 14, 2010 | About:
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guruyt

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Last weeks’ top five guru bargain stocks were Unit Corp, Overseas Shipholding Group Inc, Elan Corp. plc, LENDER PROCESSING, and The New York Times Company. to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Unit Corp. (UNT): Down 23% Since Steven Cohen Bought In the Quarter Ended on 2010-03-31

Steven Cohen added to his holdings in Exploration & Production company Unit Corp. by 131.3% during the quarter ended 03/31/2010. He owned 24,534 shares of as of 03/31/2010.UNIT CORP. is engaged in the land contract drilling of oil and natural gas wells, the development, acquisition and production of oil and natural gasproperties, and the marketing of natural gas. Unit Corp. has a market cap of $1.7 billion; its shares were traded at around $35.46 with a P/E ratio of 13.1 and P/S ratio of 2.4. Unit Corp. had an annual average earning growth of 4.2% over the past 10 years.

Unit Corp recently reported net income of $32.2 million, or $0.68 per diluted share, for the three months ended June 30, 2010, compared to net income of $32.0 million, or $0.68 per diluted share, for the three months ended June 30, 2009. Total revenues for the second quarter of 2010 were $204.6 million (35% contract drilling, 45% oil and natural gas, and 18% mid-stream), compared to total revenues for the second quarter of 2009 of $164.1 million (30% contract drilling, 55% oil and natural gas, and 14% mid-stream).

John Keeley owns 28,000 shares as of 06/30/2010, which accounts for 0.02% of the $5.56 billion portfolio of Keeley Fund Management.

Buy: 10% Owner Kaiser Family Foundatio George bought 34,200 shares of UNT stock on 03/30/2010 at the average price of 41.76. Kaiser Family Foundatio George owns at least 7,724,023 shares after this. The price of the stock has decreased by 15.09% since. Other insiders have also increased their positions in the company.

Overseas Shipholding Group Inc. (OSG): Down 23% Since Chuck Royce Bought In the Quarter Ended on 2010-03-31

Chuck Royce added to his holdings in Marine Transportation company Overseas Shipholding Group Inc. by 23.34% during the quarter ended 03/31/2010. He owned 356,700 shares of as of 03/31/2010.Overseas Shipholding Group, Inc. and its subsidiaries constitute a major international shipping enterprise owning and operating a diversified fleet of oceangoing bulk cargo vessels -- principally tankers. Overseas Shipholding Group Inc. has a market cap of $1.05 billion; its shares were traded at around $34.39 with and P/S ratio of 0.9. The dividend yield of Overseas Shipholding Group Inc. stocks is 5.2%. Overseas Shipholding Group Inc. had an annual average earning growth of 9.6% over the past 10 years.

For the quarter ended June 30, 2010, the Company reported TCE1 revenues of $231.7 million, a 7% decline from $248.4 million in 2009. Morten Arntzen, President and CEO stated, "While the second quarter rate environment was mixed, the markets we serve are showing signs of recovery. Our products business is seeing improving rates as the use of product carriers as floating storage has fallen 75% and refinery utilization in the United States has increased to 90% in some areas. For the same reasons, our spot ships in the U.S. Flag market are spending less time waiting for cargoes. In general, despite current market weakness, our crude fleet continues to earn in excess of market expectations and FFA levels. I am confident that the improving market conditions we are seeing, combined with our continued cost vigilance, will lead to improving results from our balanced growth model."

George Soros bought 7,600 shares in the quarter that ended on 03/31/2010, which is less than 0.01% of the $6.73 billion portfolio of Soros Fund Management LLC.

Buy: Director Solomon N Merkin bought 600 shares of OSG stock on 08/05/2010 at the average price of 36.37. Solomon N Merkin owns at least 15,600 shares after this. The price of the stock has decreased by 5.44% since. Other insiders have also increased their positions in the company.

Elan Corp. plc (ELN): Down 32% Since Bruce Kovner Bought In the Quarter Ended on 2010-03-31

Bruce Kovner initiated holdings in Pharmaceuticals company Elan Corp. plc during the quarter ended 03/31/2010. He owned 173,678 shares of as of 03/31/2010. Elan Corporation, plc is a worldwide specialty pharmaceutical company focused on the discovery, development and marketing of therapeutic products and services in neurology, acute care and pain management and on the development and commercialization of products using its extensive range of proprietary drug delivery technologies. Elan Corp. Plc has a market cap of $2.9 billion; its shares were traded at around $4.97 with and P/S ratio of 2.6.

Total revenue for the first half of 2010 increased by 10% to $579.4 million from $526.0 million for the same period in 2009. Elan CEO Kelly Martin commented, "Our second quarter results demonstrate continued progress across our major areas of focus. Tysabri growth increased in terms of net patient additions; our BioNeurology pipeline advanced, including completion of the ELND005 Phase 2 trial and full enrollment of the STRATIFY 1 trial studying the JC virus assay; we also saw recently launched EDT licensed products continue to grow in terms of revenue and market share for our licensees."

Robert Bruce owns 221,400 shares as of 03/31/2010, which accounts for 1.42% of the $102 million portfolio of Bruce & Co., Inc.. Edward Owens owns 8,262,700 shares as of 03/31/2010, which accounts for 0.34% of the $18.52 billion portfolio of Vanguard Health Care Fund.

LENDER PROCESSING (LPS): Down 23% Since Westport Asset Management Bought In the Quarter Ended on 2010-03-31

Westport Asset Management added to his holdings in Financial Administration company LENDER PROCESSING by 23.11% during the quarter ended 03/31/2010. The company owned 233,900 shares of as of 03/31/2010. LENDER PROCESSING SERVICES, INC. is a provider of integrated technology and services to the mortgage industry. Lender Processing has a market cap of $2.93 billion; its shares were traded at around $30.9 with a P/E ratio of 9.2 and P/S ratio of 1.3. The dividend yield of Lender Processing stocks is 1.2%.

LPS recently reported consolidated revenues of $599.1 million for the second quarter of 2010, a decrease of 2.3% compared to the second quarter of 2009; however, net earnings of $80.4 million or 85 cents per diluted share in the second quarter of 2010 increased from $75.2 million or 78 cents per diluted share in the prior year quarter.

Lee Ainslie owns 2,944,541 shares as of 03/31/2010, an increase of 97.79% from the previous quarter. This position accounts for 1.19% of the $9.35 billion portfolio of Maverick Capital. George Soros owns 17,200 shares as of 03/31/2010, an increase of 14.67% from the previous quarter. This position accounts for 0.01% of the $6.73 billion portfolio of Soros Fund Management LLC. Ronald Muhlenkamp sold out his holdings in the quarter that ended on 06/30/2010.

The New York Times Company (NYT): Down 35% Since Jeremy Grantham Bought In the Quarter Ended on 2010-03-31

Jeremy Grantham added to his holdings in Publishing company The New York Times Company by 298.13% during the quarter ended 03/31/2010. He owned 42,600 shares of as of 03/31/2010.New York Times Company is a diversified media company including newspapers, television and radio stations, magazines, electronic information and publishing, Internet businesses, and forest products investments. The New York Times Company has a market cap of $1.14 billion; its shares were traded at around $7.85 with a P/E ratio of 9.6 and P/S ratio of 0.5.

NYT recently reported its second quarter results. Total revenues increased 1.2 percent to $589.6 million in the second quarter of 2010 compared with the second quarter of 2009, an improvement from the first quarter 2010 decline of 3.2 percent compared with the first quarter of 2009.

Brian Rogers owns 7,150,400 shares as of 06/30/2010, which accounts for 0.4% of the $15.62 billion portfolio of T Rowe Price Equity Income Fund. Irving Kahn owns 1,004,750 shares as of 03/31/2010, which accounts for 2.36% of the $474 million portfolio of Kahn Brothers & Company Inc..

Sell: Capital Partners Mas Harbinger sold 3,250,000 shares of NYT stock on 04/21/2010 at the average price of 12.43. Capital Partners Mas Harbinger owns at least 13,636,799 shares after this. The price of the stock has decreased by 36.85% since. Other insiders have also decreased their positions in the company.

Rating: 3.0/5 (2 votes)

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