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Weekly Guru Bargains Highlights: VRX, JNY, SKX, RSH

January 29, 2011 | About:
guruyt

guruyt

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Last week’s top five guru bargain stocks were Valeant Pharma, Jones Group, Skechers, and Radioshack Corp. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Valeant Pharma (VRX): Down 35% Since Ruane Cunniff Bought In the Quarter Ended on 2010-09-30

Ruane Cunniff added to his holdings in Pharmaceuticals company Valeant Pharma by 215.39% during the quarter ended 09/30/2010. He owned 34,024,824 shares of as of 09/30/2010. Valeant Pharmaceuticals International, Inc. is a multinational specialty pharmaceutical company that develops, manufactures and markets a broad range of pharmaceutical products primarily in the areas of neurology, dermatology and branded generics. Valeant Pharma has a market cap of $11.13 billion; its shares were traded at around $37.09 with a P/E ratio of 32 and P/S ratio of 13.6. The dividend yield of Valeant Pharma stocks is 1.1%. Valeant Pharma had an annual average earning growth of 10.8% over the past 5 years.

VRX recently reported its third quarter 2010 results. Total reported revenue was $208.3 million in the third quarter of 2010 as compared to $212.5 million in the third quarter of 2009, a decrease of 2%.

John Griffin bought 7,251,038 shares in the quarter that ended on 09/30/2010, which is 2.81% of the $6.46 billion portfolio of Blue Ridge Capital. Ruane Cunniff owns 34,024,824 shares as of 09/30/2010, an increase of 215.39% from the previous quarter. This position accounts for 9.64% of the $8.85 billion portfolio of Ruane & Cunniff & Goldfarb Inc.

Buy: Director Katharine Berghuis Stevenson bought 3,000 shares of VRX stock on 11/29/2010 at the average price of 25.33. Katharine Berghuis Stevenson owns at least 3,000 shares after this. The price of the stock has increased by 46.43% since. Other insiders have decreased their positions in the company.

Jones Group Inc (JNY): Down 23% Since Chuck Royce Bought In the Quarter Ended on 2010-09-30

Chuck Royce added to his holdings in Clothing & Accessories company Jones Group Inc by 21.18% during the quarter ended 09/30/2010. He owned 1,637,952 shares of as of 09/30/2010. The Jones Group Inc. operates as a global designer, marketer and wholesaler of lifestyle brands across five divisions: apparel, footwear, jeans wear, jewelry and handbags. Jones Group Inc has a market cap of $1.13 billion; its shares were traded at around $12.95 with a P/E ratio of 8.2 and P/S ratio of 0.3. The dividend yield of Jones Group Inc stocks is 1.6%.

JNY recently reported its third quarter 2010 results. The Company reported adjusted earnings per share of $0.54 for the third quarter of 2010, as compared with adjusted earnings per share of $0.46 in the same period last year. Results for both periods exclude the impact of the charges considered by management not to be part of ongoing operations (see reconciliation of adjusted earnings to reported earnings in the accompanying schedule).

George Soros bought 18,600 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. Richard Pzena owns 1,740,838 shares as of 09/30/2010, which accounts for 0.33% of the $10.22 billion portfolio of Pzena Investment Management LLC. David Dreman owns 1,834,052 shares as of 09/30/2010, which accounts for 0.83% of the $4.35 billion portfolio of Dreman Value Management. HOTCHKIS & WILEY owns 5,211,261 shares as of 09/30/2010, which accounts for 0.69% of the $14.81 billion portfolio of Hotchkis & Wliey Capital Management LLC.

Skechers Usa-A (SKX): Down 29% Since Jim Simons Bought In the Quarter Ended on 2010-09-30

Jim Simons added to his holdings in Footwear company Skechers Usa-A 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 Usa-a has a market cap of $998.6 million; its shares were traded at around $21 with a P/E ratio of 6.4 and P/S ratio of 0.7. Skechers Usa-a 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. 1 Guru Sold Out SKX: 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 0.82% since.

Radioshack Corp (RSH): Down 25% Since Robert Olstein Bought In the Quarter Ended on 2010-09-30

Robert Olstein added to his holdings in Specialty Retailers company Radioshack Corp by 10.97% during the quarter ended 09/30/2010. He owned 526,000 shares of as of 09/30/2010. RadioShack Corporation is one of the nation's largest and most trusted consumer electronics retailers in the United States, and offers both on- and off-line shopping convenience. Radioshack Corp has a market cap of $1.73 billion; its shares were traded at around $15.2 with a P/E ratio of 8.5 and P/S ratio of 0.4. The dividend yield of Radioshack Corp stocks is 1.6%.

RSH recently reported its third quarter 2010 results. Total net sales and operating revenues for the 2010 third quarter increased 6.2% to $1.05 billion, compared to $990.0 million for the 2009 third quarter. Net income for the third quarter increased 23.0% to $46.0 million, or $0.37 per diluted share, compared to net income of $37.4 million, or $0.30 per diluted share, reported for the same period last year. Comparable store sales for company-operated stores and kiosks increased 6.2% during the 2010 third quarter, compared to the 2009 third quarter.

John Hussman bought 450,000 shares in the quarter that ended on 09/30/2010, which is 0.13% of the $7.2 billion portfolio of Hussman Economtrics Advisors, Inc.. George Soros bought 10,300 shares in the quarter that ended on 09/30/2010, which is less than 0.01% of the $6.69 billion portfolio of Soros Fund Management LLC. Robert Olstein owns 526,000 shares as of 09/30/2010, an increase of 10.97% from the previous quarter. This position accounts for 2.11% of the $532 million portfolio of Olstein Financial Alert Fund.

Sell: Exec. VP & CFO James F Gooch sold 20,952 shares of RSH stock on 12/15/2010 at the average price of 18.43. James F Gooch owns at least 120,319 shares after this. The price of the stock has decreased by 17.53% since. Other insiders have also decreased their positions in the company.

Rating: 3.0/5 (3 votes)

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