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Weekly Guru Bargains Highlights: THOR, SKX, AMLN, SAY, JOE

December 12, 2010 | About:
guruyt

guruyt

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Last week’s top five guru bargain stocks were Thoratec Corp, Skechers U.S.A. Inc, Amylin Pharmaceuticals Inc, Satyam Computer Services Ltd, and The St. Joe Company. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Thoratec Corp. (THOR): Down 29% Since George Soros Bought In the Quarter Ended on 2010-09-30

George Soros initiated holdings in Medical Equipment company Thoratec Corp. during the quarter ended 09/30/2010. He owned 100,000 shares of as of 09/30/2010. Thoratec Corp develops, manufactures and markets proprietary medical devices used for circulatory support, vascular graft, blood coagulation and skin incision applications. Thoratec Corp. has a market cap of $1.6 billion; its shares were traded at around $27.38 with a P/E ratio of 25.8 and P/S ratio of 4.2. Thoratec Corp. had an annual average earning growth of 24.7% over the past 10 years.

For the quarter ended October 2, 2010, revenues were $91.0 million, compared with revenues of $65.1 million in the third quarter of 2009. Net income on a GAAP basis in the third quarter of 2010 was $15.5 million, or $0.26 per diluted share, versus GAAP net income of $11.8 million, or $0.20 per diluted share, in the third quarter of 2009. Non-GAAP net income, which is described later in this press release, was $20.8 million, or $0.32 per diluted share, in the third quarter of 2010, versus non-GAAP net income of $13.3 million, or $0.21 per diluted share, in the third quarter a year ago.

George Soros bought 100,000 shares in the quarter that ended on 09/30/2010, which is 0.06% of the $6.69 billion portfolio of Soros Fund Management LLC.

Sell: Director J Daniel Cole sold 1,000 shares of THOR stock on 11/01/2010 at the average price of 33.41. J Daniel Cole owns at least 46,270 shares after this. The price of the stock has decreased by 18.05% since.

Skechers U.S.A. Inc. (SKX): Down 25% Since Jim Simons Bought In the Quarter Ended on 2010-09-30

Jim Simons added to his holdings in Footwear company Skechers U.S.A. Inc. by 197.79% during the quarter ended 09/30/2010. He owned 1,156,300 shares of as of 09/30/2010. Skechers U.S.A., Inc. designs and markets branded contemporary casual, active, rugged and lifestyle footwear for men, women and children. Skechers U.s.a. Inc. has a market cap of $1.05 billion; its shares were traded at around $22.03 with a P/E ratio of 6.7 and P/S ratio of 0.7. Skechers U.s.a. Inc. had an annual average earning growth of 1.6% over the past 5 years.

SKX recently reported its third quarter 2010 results. Net sales for the third quarter of 2010 were $554.6 million, compared to $405.4 million in the third quarter of 2009, an increase of 36.8 percent, and income from operations was $55.6 million, compared to $32.4 million in the third quarter of 2009, an increase of 71.3 percent. Net earnings for the quarter were $36.4 million versus net earnings of $24.5 million in the third quarter of 2009. Net earnings per diluted share were $0.74 on 49.2 million diluted shares outstanding, versus net earnings per diluted share of $0.52 on 47.1 million diluted shares outstanding for the third quarter of 2009.

George Soros bought 17,100 shares in the quarter that ended on 09/30/2010, which is 0.01% of the $6.69 billion portfolio of Soros Fund Management LLC. Ken Heebner sold out his holdings in the quarter that ended on 09/30/2010.

Sell: General Counsel & Secretary Phillip Paccione sold 14,443 shares of SKX stock on 11/19/2010 at the average price of 20.83. Phillip Paccione owns at least 50,475 shares after this. The price of the stock has increased by 5.76% since. Other insiders have also decreased their positions in the company.

Amylin Pharmaceuticals Inc. (AMLN): Down 31% Since Steven Cohen Bought In the Quarter Ended on 2010-09-30

Steven Cohen added to his holdings in Biotechnology company Amylin Pharmaceuticals Inc. by 1967.67% during the quarter ended 09/30/2010. He owned 251,904 shares of as of 09/30/2010. Amylin Pharmaceuticals is a biopharmaceutical company committed to improving lives through the discovery, development and commercialization of innovative medicines. Amylin Pharmaceuticals Inc. has a market cap of $1.99 billion; its shares were traded at around $13.79 with and P/S ratio of 2.6.

Carl Icahn owns 12,971,328 shares as of 09/30/2010, which accounts for 5.39% of the $5.02 billion portfolio of Icahn Capital Management LP. Edward Owens owns 1,557,200 shares as of 09/30/2010, which accounts for 0.18% of the $18.12 billion portfolio of Vanguard Health Care Fund. George Soros owns 200,000 shares as of 09/30/2010, which accounts for 0.06% of the $6.69 billion portfolio of Soros Fund Management LLC.

Sell: SVP, Research & Development Christian Weyer sold 1,314 shares of AMLN stock on 11/19/2010 at the average price of 13.42. Christian Weyer owns at least 8,172 shares after this. The price of the stock has increased by 2.76% since.

Satyam Computer Services Ltd. (SAY): Down 24% Since Jeremy Grantham Bought In the Quarter Ended on 2010-09-30

Jeremy Grantham initiated holdings in Computer Services company Satyam Computer Services Ltd. during the quarter ended 09/30/2010. He owned 343,690 shares of as of 09/30/2010. Satyam Computer Services Limited is a provider of information technology services in India. with and P/S ratio of 1.

The St. Joe Company (JOE): Down 28% Since Mario Gabelli Bought In the Quarter Ended on 2010-09-30

Mario Gabelli added to his holdings in Real Estate Holding & Development company The St. Joe Company by 5634.78% during the quarter ended 09/30/2010. He owned 659,500 shares of as of 09/30/2010. St. Joe Company is one of the Southeast's largest real estate operating companies. The St. Joe Company has a market cap of $1.69 billion; its shares were traded at around $18.3 with and P/S ratio of 12.3.

JOE recently reported a net Loss for the third quarter ended September 30, 2010 of $(13.1) million, or $(0.14) per share, including pre-tax charges of $13.1 million, or $0.09 per share after tax. This compares to a Net Loss in the third quarter of 2009 of $(14.5) million, or $(0.16) per share, which included pre-tax charges of $12.9 million or $0.08 per share after tax.

Charles Brandes bought 11,060 shares in the quarter that ended on 09/30/2010, which is less than 0.01% of the $16.09 billion portfolio of Brandes Investment. Mario Gabelli owns 659,500 shares as of 09/30/2010, an increase of 5634.78% from the previous quarter. This position accounts for 0.07% of the $23.32 billion portfolio of GAMCO Investors.

Buy: 10% Owner Capital Management L Fairholme bought 5,300 shares of JOE stock on 12/01/2010 at the average price of 17.72. Capital Management L Fairholme owns at least 49,934,522 shares after this. The price of the stock has increased by 3.27% since.


Rating: 3.5/5 (6 votes)

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