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Weekly Guru Bargains Highlights: PPC, ALR, RDN, HRB, CHS

October 23, 2010 | About:

According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Pilgrim's Pride Corp. (NASDAQ:PPC): Down 36% Since George Soros Bought In the Quarter Ended on 2010-06-30

George Soros initiated holdings in Food Products company Pilgrim's Pride Corp. during the quarter ended 06/30/2010. He owned 10,000 shares of as of 06/30/2010. Pilgrim's Pride is one of the largest chicken companies in the US, Mexico and Puerto Rico. Pilgrim's Pride Corp. has a market cap of $1.27 billion; its shares were traded at around $5.93 with and P/S ratio of 0.2.

PPC recently reported net earnings of $32.9 million, or $0.15 per diluted share, on net sales of $1.7 billion for the second quarter ended June 27, 2010. These results include nonrecurring administrative restructuring charges of $16.9 million pre-tax, or $10.5 million after tax, or $0.05 per diluted share, related to the writedown of net book value of two office buildings. For the comparable quarter a year ago, the company reported net earnings of $53.2 million, or $0.72 per share, on total sales of nearly $1.8 billion.

George Soros bought 10,000 shares in the quarter that ended on 06/30/2010, which is less than 0.01% of the $3.31 billion portfolio of Soros Fund Management LLC. Michael Price sold out his holdings in the quarter that ended on 06/30/2010.

Alere Inc (NYSE:ALR): Down 23% Since Manning & Napier Advisors, Inc Bought In the Quarter Ended on 2010-06-30

Manning & Napier Advisors, Inc initiated holdings in Medical Supplies company Alere Inc during the quarter ended 06/30/2010. The company owned 6,546,672 shares of as of 06/30/2010.

Alere manufactures and sells products for the women's health market, and is engaged in the business of developing, acquiring, manufacturing, and marketing advanced medical device technologies. Alere Inc has a market cap of $2.24 billion; its shares were traded at around $26.68 with a P/E ratio of 10.59 and P/S ratio of 1.17.

ALR recently reported its second quarter 2010 results. Net revenue was $523.0 million for the second quarter of 2010, compared to $438.7 million for the second quarter of 2009.



Private Capital bought 1,202,155 shares in the quarter that ended on 06/30/2010, which is 2.23% of the $1.44 billion portfolio of Private Capital Management. David Dreman bought 922,055 shares in the quarter that ended on 06/30/2010, which is 0.64% of the $3.83 billion portfolio of Dreman Value Management. George Soros bought 34,900 shares in the quarter that ended on 06/30/2010, which is 0.03% of the $3.31 billion portfolio of Soros Fund Management LLC. Mario Gabelli owns 87,500 shares as of 06/30/2010, which accounts for 0.01% of the $16.22 billion portfolio of GAMCO Investors.

Radian Group Inc. (NYSE:RDN): Down 25% Since Bruce Kovner Bought In the Quarter Ended on 2010-06-30

Bruce Kovner added to his holdings in Property & Casualty Insurance company Radian Group Inc. by 345.19% during the quarter ended 06/30/2010. He owned 209,618 shares of as of 06/30/2010. Radian Group Inc. is the parent company of Radian Guaranty Inc. Radian Group Inc. has a market cap of $1.19 billion; its shares were traded at around $8.94 with and P/S ratio of 0.9. The dividend yield of Radian Group Inc. stocks is 0.1%.

Radian Group recently reported its first quarter 2010 results. The company reported a net loss for the quarter ended June 30, 2010, of $475.1 million, or $4.31 per diluted share, which reflects a pre-tax loss from the change in fair value of derivatives of $524.6 million, or $3.09 per share on an after-tax basis. This compares to net income of $231.9 million, or $2.82 per diluted share, for the prior-year quarter. Book value per share at June 30, 2010, was $13.40.

Buy: Senior Vice President, Risk Scott Theobald bought 4,854 shares of RDN stock on 05/13/2010 at the average price of 10.3. Scott Theobald owns at least 50,887 shares after this. The price of the stock has decreased by 13.2% since.

H&R Block Inc. (NYSE:HRB): Down 36% Since Jeff Auxier Bought In the Quarter Ended on 2010-06-30

Jeff Auxier added to his holdings in Specialized Consumer Services company H&R Block Inc. by 36.05% during the quarter ended 06/30/2010. He owned 66,050 shares of as of 06/30/2010. H&R Block Inc. is a diversified company involved in tax return preparation,electronic filing of income tax returns and other tax-related services. H&r Block Inc. has a market cap of $3.33 billion; its shares were traded at around $10.78 with a P/E ratio of 7 and P/S ratio of 0.9. The dividend yield of H&r Block Inc. stocks is 5.6%.

First quarter total revenues were down $1.0 million from the prior year to $274.5 million. The net loss from discontinued operations of $3.0 million was flat to the prior year. The consolidated net loss was $130.7 million, or $0.41 per share, compared to a loss of $133.6 million, or $0.40 per share, in the prior year period.

Jean-Marie Eveillard owns 26,936 shares as of 06/30/2010, an increase of 150.89% from the previous quarter. This position accounts for less than 0.01% of the $13.96 billion portfolio of First Eagle Investment Management, LLC. Chris Davis owns 6,860,214 shares as of 06/30/2010, a decrease of 66.99% of from the previous quarter. This position accounts for 0.2% of the $53.88 billion portfolio of Davis Selected Advisers.

Buy: President and CEO Alan M Bennett bought 5,000 shares of HRB stock on 09/13/2010 at the average price of 12.86. Alan M Bennett owns at least 14,886 shares after this. The price of the stock has decreased by 16.17% since. Other insiders have also increased their positions in the company.

Chico's FAS Inc. (NYSE:CHS): Down 26% Since Bruce Kovner Bought In the Quarter Ended on 2010-06-30

Bruce Kovner added to his holdings in Apparel Retailers company Chico's FAS Inc. by 41.42% during the quarter ended 06/30/2010. His purchase prices were between $9.84 and $16.42, with an estALRted average price of $13.31. Since then the prices of Chico's FAS Inc. shares have declined by -26% from the estALRted average. Bruce Kovner owned 228,786 shares of as of 06/30/2010.

CHICO'S FAS, INC. is a specialty retailer of exclusively designed, private label casual clothing and related accessories. Chico's Fas Inc. has a market cap of $1.77 billion; its shares were traded at around $9.89 with a P/E ratio of 16.2 and P/S ratio of 1. The dividend yield of Chico's Fas Inc. stocks is 1.7%.

CHS recently reported its second quarter results. The Company reported net income of $30.5 million, or $0.17 per diluted share for the second quarter compared to net income of $14.9 million, or $0.08 per diluted share for last year's second quarter. The second quarter 2009 results included non-cash impairment charges totaling approximately $3.1 million, net of tax. Excluding impairment charges, the Company's net income for the second quarter of 2009 would have been $18.0 million, or $0.10 per diluted share.

PRIMECAP Management owns 4,074,000 shares as of 06/30/2010, which accounts for 0.07% of the $54.82 billion portfolio of PRIMECAP Management. Richard Snow sold out his holdings in the quarter that ended on 06/30/2010.

Buy: EVP - Creative Lee Eisenberg bought 7,500 shares of CHS stock on 05/20/2010 at the average price of 12.1. Lee Eisenberg owns at least 44,167 shares after this. The price of the stock has decreased by 18.26% since.


Rating: 2.6/5 (5 votes)

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