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Weekly Guru Bargains Highlights: WDC, LSI, RIMM, CTV, JCG

September 05, 2010 | About:
Last week’s top five guru bargain stocks were Western Digital Corp, LSI Corp, Research in Motion Ltd, CommScope Inc, and J. Crew Group Inc. According to http://www.gurufocus.com/Guru_bargins.php]GuruFocus updates, these stocks have declined the most since Gurus have bought.

Western Digital Corp. (WDC): Down 29% Since Robert Rodriguez Bought In the Quarter Ended on 2010-06-30

Robert Rodriguez added to his holdings in Computer Hardware company Western Digital Corp. by 71.04% during the quarter ended 06/30/2010. He owned 1,169,600 shares of as of 06/30/2010. Western Digital Corp. designs, develops, manufactures and markets a broad line of hard drives featuring leading-edge technology. Western Digital Corp. has a market cap of $6.09 billion; its shares were traded at around $26.59 with a P/E ratio of 4.4 and P/S ratio of 0.6. Western Digital Corp. had an annual average earning growth of 40.2% over the past 5 years.

WDC recently reported financial results for its fiscal year 2010 and fourth quarter ended July 2, 2010. For the quarter, revenue totaled $2.4 billion, hard drive unit shipments were 49.7 million and net income was $265 million, or $1.13 per share. The quarterly results included $27 million of expense related to litigation settlements.

Robert Rodriguez owns 1,169,600 shares as of 06/30/2010, an increase of 71.04% from the previous quarter. This position accounts for 5.36% of the $658 million portfolio of FPA Capital. David Dreman owns 9,180 shares as of 06/30/2010, an increase of 56.12% from the previous quarter. This position accounts for 0.01% of the $3.83 billion portfolio of Dreman Value Management. George Soros owns 11,600 shares as of 06/30/2010, which accounts for 0.01% of the $3.31 billion portfolio of Soros Fund Management LLC. John Hussman sold out his holdings in the quarter that ended on 06/30/2010. Ken Heebner sold out his holdings in the quarter that ended on 06/30/2010.

Sell: EVP & GM, Branded Products James K Welsh sold 5,448 shares of WDC stock on 08/16/2010 at the average price of 24.78. James K Welsh owns at least 42,948 shares after this. The price of the stock has increased by 7.3% since.

LSI Corp. (LSI): Down 24% 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 $2.82 billion; its shares were traded at around $4.32 with a P/E ratio of 10.3 and P/S ratio of 1.2.

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..

Research in Motion Ltd. (RIMM): Down 31% Since Stanley Druckenmiller Bought In the Quarter Ended on 2010-06-30

Stanley Druckenmiller initiated holdings in Telecommunications Equipment company Research in Motion Ltd. during the quarter ended 06/30/2010. He owned 60,000 shares of as of 06/30/2010. RESEARCH IN MOTION is a world leader in the mobile communications market and has a history of developing breakthrough wireless solutions. Research In Motion Ltd. has a market cap of $24.33 billion; its shares were traded at around $44.78 with a P/E ratio of 9.3 and P/S ratio of 1.6. Research In Motion Ltd. had an annual average earning growth of 55% over the past 5 years.

PRIMECAP Management owns 7,904,973 shares as of 06/30/2010, which accounts for 0.71% of the $54.82 billion portfolio of PRIMECAP Management. Ron Baron owns 4,500 shares as of 06/30/2010, a decrease of 92.96% of from the previous quarter. This position accounts for less than 0.01% of the $14.08 billion portfolio of Baron Funds. George Soros owns 5,400 shares as of 06/30/2010, a decrease of 95.82% of from the previous quarter. This position accounts for 0.01% of the $3.31 billion portfolio of Soros Fund Management LLC. John Hussman sold out his holdings in the quarter that ended on 06/30/2010.

CommScope Inc. (CTV): Down 27% Since RS Investment Management Bought In the Quarter Ended on 2010-06-30

RS Investment Management initiated holdings in Telecommunications Equipment company CommScope Inc. during the quarter ended 06/30/2010. The company owned 113,470 shares of as of 06/30/2010. Commscope Inc. is a world leader in infrastructure solutions for communication networks. Commscope Inc. has a market cap of $1.97 billion; its shares were traded at around $20.85 with a P/E ratio of 10.7 and P/S ratio of 0.6. Commscope Inc. had an annual average earning growth of 14% over the past 10 years.

George Soros owns 2,082,353 shares as of 06/30/2010, an increase of 19.12% from the previous quarter. This position accounts for 1.5% of the $3.31 billion portfolio of Soros Fund Management LLC.

Sell: EVP & CFO Jearld L Leonhardt sold 12,500 shares of CTV stock on 07/08/2010 at the average price of 24.39. Jearld L Leonhardt owns at least 77,619 shares after this. The price of the stock has decreased by 14.51% since. Other insiders have also decreased their positions in the company.

J. Crew Group Inc. (JCG): Down 25% Since Pioneer Investments Bought In the Quarter Ended on 2010-06-30

Pioneer Investments initiated holdings in Apparel Retailers company J. Crew Group Inc. during the quarter ended 06/30/2010. The company owned 84,000 shares of as of 06/30/2010. J.Crew Group, Inc. operates as a multi-channel specialty retailer in the United States. J. Crew Group Inc. has a market cap of $2.16 billion; its shares were traded at around $33.8 with a P/E ratio of 13.5 and P/S ratio of 1.4.

JCG recently reported its second quarter 2010 results. Revenues increased 14% to $407.5 million. Store sales increased 14% to $295.0 million, with comparable store sales increasing 11%. Comparable store sales decreased 5% in the second quarter of fiscal 2009. Direct sales (Internet and Phone) increased 16% to $102.5 million. Direct sales increased 6% to $88.2 million in the second quarter of fiscal 2009.

John Griffin bought 1,490,000 shares in the quarter that ended on 06/30/2010, which is 0.96% of the $5.73 billion portfolio of Blue Ridge Capital. Ron Baron owns 5,524,641 shares as of 06/30/2010, which accounts for 1.44% of the $14.08 billion portfolio of Baron Funds.

Buy: Director Stephen J Squeri bought 2,500 shares of JCG stock on 08/31/2010 at the average price of 30.94. Stephen J Squeri owns at least 2,500 shares after this. The price of the stock has increased by 9.24% since. There are mixed trades from other insiders.

About the author:

guruyt
Jonathan holds an MBA from the Richard Ivey School of Business at the University of Western Ontario where he studied value investing with Dr. George Athanassakos (Ben Graham Chair in Value Investing). Jonathan has a passion for finance and investing that radiates from the writings on this site. Visit his blog.

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