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

September 05, 2010 | About:
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guruyt

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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.


Rating: 3.5/5 (4 votes)

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