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Weekly Guru Bargains Highlights: Range Resources Corp, MGM MIRAGE, Sears Holdings Corp, LSI Corp, LG.Philips LCD Co. Ltd.

Last week’s top five guru bargain stocks were Range Resources Corp, MGM MIRAGE, Sears Holdings Corp, LSI Corp, and LG.Philips LCD Co. Ltd. According to http://www.gurufocus.com/Guru_bargins.php]GuruFocus updates, these stocks have declined the most since Gurus have bought.

Range Resources Corp. (RRC): Down 29% Since RS Investment Management Bought In the Quarter Ended on 2010-06-30

RS Investment Management added to his holdings in Exploration & Production company Range Resources Corp. by 32.95% during the quarter ended 06/30/2010. The company owned 1,130,556 shares of as of 06/30/2010. Range Resources Corp. acquires, develops, and finances oil and gas properties in the U. Range Resources Corp. has a market cap of $5.4 billion; its shares were traded at around $33.86 with a P/E ratio of 49.8 and P/S ratio of 6. The dividend yield of Range Resources Corp. stocks is 0.5%. Range Resources Corp. had an annual average earning growth of 14.2% over the past 10 years.

Ruane Cunniff owns 1,522,980 shares as of 06/30/2010, an increase of 148.01% from the previous quarter. This position accounts for 0.75% of the $8.12 billion portfolio of Ruane & Cunniff & Goldfarb Inc. George Soros owns 53,700 shares as of 06/30/2010, an increase of 59.35% from the previous quarter. This position accounts for 0.07% of the $3.31 billion portfolio of Soros Fund Management LLC. PRIMECAP Management owns 705,900 shares as of 06/30/2010, an increase of 18.66% from the previous quarter. This position accounts for 0.05% of the $54.82 billion portfolio of PRIMECAP Management. John Griffin owns 3,305,000 shares as of 06/30/2010, an increase of 13.18% from the previous quarter. This position accounts for 2.32% of the $5.73 billion portfolio of Blue Ridge Capital.

Sell: Exec VP and CFO Roger S Manny sold 19,113 shares of RRC stock on 06/04/2010 at the average price of 51.22. Roger S Manny owns at least 101,725 shares after this. The price of the stock has decreased by 33.89% since. There are mixed trades from other insiders.

MGM MIRAGE (MGM): Down 29% Since John Paulson Bought In the Quarter Ended on 2010-06-30

John Paulson added to his holdings in Gambling company MGM MIRAGE by 9.5% during the quarter ended 06/30/2010. He owned 43,800,000 shares of as of 06/30/2010. MGM Resorts International, formerly known as MGM MIRAGE, is a global hospitality company, operating a portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage. Mgm Mirage has a market cap of $4.15 billion; its shares were traded at around $9.4 with and P/S ratio of 0.6.

MGM recently reported its second quarter 2010 results. Operating loss for the second quarter of 2010 was $1.0 billion compared to operating income of $131 million in the second quarter of 2009.

John Paulson owns 43,800,000 shares as of 06/30/2010, which accounts for 1.86% of the $22.7 billion portfolio of Paulson & Co.. Brian Rogers owns 4,699,400 shares as of 06/30/2010, which accounts for 0.29% of the $15.62 billion portfolio of T Rowe Price Equity Income Fund. John Keeley owns 568,080 shares as of 06/30/2010, which accounts for 0.1% of the $5.56 billion portfolio of Keeley Fund Management.

Buy: Director Rose Mckinney-james bought 380 shares of MGM stock on 05/18/2010 at the average price of 12.96. Rose Mckinney-james owns at least 880 shares after this. The price of the stock has decreased by 27.47% since.

Sears Holdings Corp. (SHLD): Down 36% Since Murray Stahl Bought In the Quarter Ended on 2010-06-30

Murray Stahl added to his holdings in Broadline Retailers company Sears Holdings Corp. by 364.51% during the quarter ended 06/30/2010. He owned 968,877 shares of as of 06/30/2010.Sears Holdings Corporation, the parent of Kmart and Sears, Roebuck and Co. Sears Holdings Corp. has a market cap of $7.18 billion; its shares were traded at around $62.47 with a P/E ratio of 22 and P/S ratio of 0.2.

SHLD recently reported its second quarter 2010 results. Net loss attributable to Holdings' shareholders for the quarter of $39 million, or $0.35 loss per diluted share, in 2010 and $94 million, or $0.79 loss per diluted share, in 2009.

Steve Mandel owns 3,056,700 shares as of 06/30/2010, which accounts for 1.95% of the $10.16 billion portfolio of Lone Pine Capital. Edward Lampert owns 48,179,755 shares as of 06/30/2010, a decrease of 21.54% of from the previous quarter. This position accounts for 41.19% of the $7.56 billion portfolio of ESL Investments. George Soros sold out his holdings in the quarter that ended on 06/30/2010.

Sell: Interim CEO & President W Bruce Johnson sold 2,500 shares of SHLD stock on 05/21/2010 at the average price of 88.5. W Bruce Johnson owns at least 68,441 shares after this. The price of the stock has decreased by 29.41% since.

LSI Corp. (LSI): Down 26% Since Chuck Royce Bought In the Quarter Ended on 2010-06-30

Chuck Royce initiated holdings in Semiconductors company LSI Corp. during the quarter ended 06/30/2010. He owned 14,900 shares of as of 06/30/2010. LSI Corporation is a provider of innovative silicon, systems and software technologies that enable products that seamlessly bring people, information and digital content together. Lsi Corp. has a market cap of $2.73 billion; its shares were traded at around $4.18 with a P/E ratio of 10 and P/S ratio of 1.3.

LSI recently reported its second quarter 2010 results. Second quarter 2010 revenues were $639 million, a 23% increase year-over-year compared to $521 million reported in the second quarter of 2009, and compares to $637 million reported in the first quarter of 2010.

George Soros owns 82,800 shares as of 06/30/2010, an increase of 43.01% from the previous quarter. This position accounts for 0.01% of the $3.31 billion portfolio of Soros Fund Management LLC. Jean-Marie Eveillard owns 1,612,356 shares as of 06/30/2010, which accounts for 0.05% of the $13.96 billion portfolio of First Eagle Investment Management, LLC. Wilbur Ross owns 12,372 shares as of 06/30/2010, which accounts for 0.02% of the $376 million portfolio of Invesco Private Capital, Inc..

LG.Philips LCD Co. Ltd. (LPL): Down 23% Since Kenneth Fisher Bought In the Quarter Ended on 2010-06-30

Kenneth Fisher initiated holdings in Electrical Components & Equipment company LG.Philips LCD Co. Ltd. during the quarter ended 06/30/2010. He owned 11,200 shares of as of 06/30/2010. LG Display Co., Ltd., formerly known as LG Philips LCD Co. Lg.philips Lcd Co. Ltd. has a market cap of $10.2 billion; its shares were traded at around $14.25 with a P/E ratio of 6.2 and P/S ratio of 0.6. The dividend yield of Lg.philips Lcd Co. Ltd. stocks is 1.1%.

Kenneth Fisher bought 11,200 shares in the quarter that ended on 06/30/2010, which is less than 0.01% of the $28.08 billion portfolio of Fisher Asset Management, LLC.

About the author:

guruyt
Mark's equity focus is identifying secular growth trends, and the companies most likely to benefit from these macro trends. Stocks are identified through fundamental analysis, although basic technical analysis is used in determining entry and exit points. With a degree in Economics from the University of Michigan, a broader understanding of the economy as a whole, along with interpreting investor psychology is also a major interest for Mark. His career background has focused on financial analysis in corporate America. Visit Mark's website at http://www.fundmymutualfund.com/

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