GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Weekly Guru Bargains Highlights: AKAM, BBY, OMX, AIG, AMLN

April 02, 2011 | About:
Last week’s top five guru bargain stocks were AKAM, BBY, OMX, AIG, AMLN. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Akamai Technologies Inc. (AKAM): Down 24% Since Jeremy Grantham Bought In the Quarter Ended on 2010-12-31

Jeremy Grantham added to his holdings in Internet company Akamai Technologies Inc. by 108.46% during the quarter ended 12/31/2010. He owned 105,900 shares of as of 12/31/2010. Akamai Technologies Inc. is the global service provider for accelerating content and business processes online. Akamai Technologies Inc. has a market cap of $7.04 billion; its shares were traded at around $37.6 with a P/E ratio of 37.1 and P/S ratio of 6.9. Akamai Technologies Inc. had an annual average earnings growth of 26.4% over the past 5 years.

AKAM recently reported its fourth quarter and full year 2010 financial results. Fourth quarter revenue grew to $284.7 million, up 12 percent from the prior quarter and 19 percent year-over-year, and annual revenue increased 19 percent year-over-year to $1,023.6 million.

Andreas Halvorsen bought 3,757,500 shares in the quarter that ended on 12/31/2010, which is 1.47% of the $12.06 billion portfolio of Viking Global Investors LP. Mario Gabelli owns 33,228 shares as of 12/31/2010, which accounts for 0.01% of the $26.72 billion portfolio of GAMCO Investors. PRIMECAP Management owns 940,486 shares as of 12/31/2010, which accounts for 0.07% of the $67.24 billion portfolio of PRIMECAP Management.

Sell: CEO Paul Sagan sold 25,000 shares of AKAM stock on 02/07/2011 at the average price of 48.18. Paul Sagan owns at least 154,406 shares after this. The price of the stock has decreased by 21.96% since. Other insiders have also decreased their positions in the company.

BEST BUY COMPANY INC. (BBY): Down 30% Since Pioneer Investments Bought In the Quarter Ended on 2010-12-31

Pioneer Investments added to his holdings in Specialty Retailers company Best Buy Company Inc. by 23.71% during the quarter ended 12/31/2010. He owned 1,451,793 shares of as of 12/31/2010. Best Buy operates in a single business segment, selling personal computers and other home office products, consumer electronics, entertainment software, major appliances and related accessories principally through its retail stores. Best Buy Company Inc. has a market cap of $11.29 billion; its shares were traded at around $28.64 with a P/E ratio of 8.2 and P/S ratio of 0.2. The dividend yield of Best Buy Company Inc. stocks is 2%. Best Buy Company Inc. had an annual average earnings growth of 16.6% over the past 10 years. GuruFocus rated Best Buy Company Inc. the business predictability rank of 5-star.

Best Buy Company recently reported its fourth quarter and full year 2011 results. The company reported net earnings of $651 million, or $1.62 per diluted share, for its fiscal fourth quarter ended on Feb. 26, 2011 compared with $779 million, or $1.82 per diluted share, for the prior-year period.

George Soros bought 2,106,399 shares in the quarter that ended on 12/31/2010, which is 0.94% of the $7.69 billion portfolio of Soros Fund Management LLC. Whitney Tilson bought 37,500 shares in the quarter that ended on 12/31/2010, which is 0.4% of the $322 million portfolio of T2 Partners Management, LP. Joel Greenblatt bought 12,467 shares in the quarter that ended on 12/31/2010, which is 0.14% of the $306 million portfolio of Gotham Capital. Bill Nygren owns 2,110,000 shares as of 12/31/2010, an increase of 13.44% from the previous quarter. This position accounts for 2.03% of the $3.56 billion portfolio of Oak Mark Fund.

Buy: Director Khosla Sanjay bought 2,130 shares of BBY stock on 03/25/2011 at the average price of 28.82. Khosla Sanjay owns at least 4,130 shares after this. The price of the stock has decreased by 0.62% since. There are mixed trades from other insiders.

OFFICEMAX INC. (OMX): Down 21% Since Jim Simons Bought In the Quarter Ended on 2010-12-31

Jim Simons initiated holdings in Specialty Retailers company Officemax Inc. during the quarter ended 12/31/2010. He owned 344,200 shares of as of 12/31/2010. OfficeMax, Incorporated is a leader in both business-to-business and retail office products distribution. Officemax Inc. has a market cap of $1.13 billion; its shares were traded at around $13.23 with a P/E ratio of 14.8 and P/S ratio of 0.1.

Charles Brandes owns 23,505 shares as of 12/31/2010, which accounts for less than 0.01% of the $16.01 billion portfolio of Brandes Investment. George Soros sold out his holdings in the quarter that ended on 12/31/2010.

AMERICAN INT'L GROUP INC (AIG): Down 22% Since Jeremy Grantham Bought In the Quarter Ended on 2010-12-31

Jeremy Grantham added to his holdings in Full Line Insurance company American Int'l Group Inc by 50.33% during the quarter ended 12/31/2010. Heowned 342,600 shares of as of 12/31/2010. American International Group, Inc., world leaders in insurance and financial services, is the international insurance organization with operations in more than one hundred thirty countries and jurisdictions. American Int'l Group Inc has a market cap of $62.89 billion; its shares were traded at around $35 with and P/S ratio of 1.

OfficeMax recently announced its fourth quarter and full year 2010 financial results. The company reported the results for its fiscal fourth quarter and full year ended December 25, 2010. Total sales were $1,766.2 million in the fourth quarter of 2010, a decrease of 2.4% from the fourth quarter of 2009, while total sales for the full year 2010 decreased 0.9% to $7,150.0 million compared to the full year 2009.

Bruce Berkowitz owns 44,285,986 shares as of 12/31/2010, an increase of 34.57% from the previous quarter. This position accounts for 16.16% of the $15.79 billion portfolio of Fairholme Capital Management. Daniel Loeb owns 200,000 shares as of 12/31/2010, which accounts for less than 0.01% of the $1.88 billion portfolio of Third Point, LLC.

Buy: 10% Owner Capital Management L Fairholme bought 1,655,665 shares of AIG stock on 12/10/2010 at the average price of 47.8. Capital Management L Fairholme owns at least 84,727,263 shares after this. The price of the stock has decreased by 26.78% since. Other insiders have also increased their positions in the company.

Amylin Pharmaceuticals Inc. (AMLN): Down 23% Since Steven Cohen Bought In the Quarter Ended on 2010-12-31

Steven Cohen added to his holdings in Biotechnology company Amylin Pharmaceuticals Inc. by 1081.84% during the quarter ended 12/31/2010. He owned 2,977,094 shares of as of 12/31/2010. 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 $1.66 billion; its shares were traded at around $11.47 with and P/S ratio of 2.5.

AMLN recently reported financial results for the quarter and year ended December 31, 2010. The Company reported total revenue of $174.2 million for the quarter ended December 31, 2010, including net product sales of $162.3 million and revenue under collaborative agreements of $11.9 million. Non-GAAP operating income was $22.9 million for the quarter ended December 31, 2010, compared to non-GAAP operating loss of $17.0 million for the same period in 2009. Net loss, excluding restructuring charges, was $11.9 million, or $0.08 per share for the quarter ended December 31, 2010, compared to $44.7 million, or $0.32 per share for the same period in 2009.

Carl Icahn owns 14,381,925 shares as of 12/31/2010, an increase of 10.87% from the previous quarter. This position accounts for 3.76% of the $5.63 billion portfolio of Icahn Capital Management LP. George Soros owns 200,000 shares as of 12/31/2010, which accounts for 0.04% of the $7.69 billion portfolio of Soros Fund Management LLC. Edward Owens owns 1,357,200 shares as of 12/31/2010, which accounts for 0.11% of the $18.42 billion portfolio of Vanguard Health Care Fund.

Sell: SVP, Chief Medical Officer Orville G Kolterman sold 13,750 shares of AMLN stock on 03/01/2011 at the average price of 15.02. Orville G Kolterman owns at least 173,875 shares after this. The price of the stock has decreased by 23.64% since. Other insiders have also decreased their positions in the company.

About the author:


Rating: 3.4/5 (9 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide