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Weekly Guru Bargains Highlights: AMSC, LOGI, NKTR, DAL, AIG

Last week’s top five guru bargain stocks were AMSC, LOGI, NKTR, DAL, and AIG. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

American Superconductor Corp. (AMSC): Down 59% Since Bruce Kovner Bought In the Quarter Ended on 2010-12-31

Bruce Kovner added to his holdings in Electrical Components & Equipment company American Superconductor Corp. by 113.27% during the quarter ended 12/31/2010. His purchase prices were between $28.19 and $38.09, with an estimated average price of $33.47. Since then the prices of American Superconductor Corp. shares have declined by -59% from the estimated average. Bruce Kovner owned 43,475 shares of as of 12/31/2010.

American Superconductor Corporation is a energy technologies company. American Superconductor Corp. has a market cap of $698.1 million; its shares were traded at around $13.77 with a P/E ratio of 14.5 and P/S ratio of 2.2.

Logitech International S.A. (LOGI): Down 25% Since Steven Cohen Bought In the Quarter Ended on 2010-12-31

Steven Cohen initiated holdings in Computer Hardware company Logitech International S.a. during the quarter ended 12/31/2010. His purchase prices were between $17.02 and $21.89, with an estimated average price of $19.44. Since then the prices of Logitech International S.A. shares have declined by -25% from the estimated average. Steven Cohen owned 261,863 shares of as of 12/31/2010.

LOGI recently reported its second quarter 2011 results. Sales for Q2 FY 2011 were $582 million, up 17 percent from $498 million in the same quarter last year. Excluding the unfavorable impact of exchange rate changes, sales increased by 21 percent. Operating income was $51 million, an increase of 87 percent compared to $27 million in the same quarter a year ago. Net income for Q2 was $41 million ($0.23 per share) compared to $21 million ($0.11 per share) in Q2 of FY 2010. Gross margin for Q2 FY 2011 was 37.3 percent, up from 30.5 percent one year ago and the Company's highest-ever quarterly gross margin.

Logitech designs, manufactures and markets innovative peripherals that provide people with easy access to the digital world. Logitech International S.a. has a market cap of $2.55 billion; its shares were traded at around $14.55 with a P/E ratio of 17.4 and P/S ratio of 1.3. Logitech International S.a. had an annual average earnings growth of 31.3% over the past 10 years. GuruFocus rated Logitech International S.a. the business predictability rank of 3-star.

Kenneth Fisher owns 2,643,710 shares as of 12/31/2010, which accounts for 0.14% of the $35.88 billion portfolio of Fisher Asset Management, LLC.

Nektar Therapeutics (NKTR): Down 30% Since Jim Simons Bought In the Quarter Ended on 2010-12-31

Jim Simons initiated holdings in Pharmaceuticals company Nektar Therapeutics during the quarter ended 12/31/2010. His purchase prices were between $12.3 and $15.88, with an estimated average price of $14.01. Since then the prices of Nektar Therapeutics shares have declined by -30% from the estimated average. Jim Simons owned 108,948 shares of as of 12/31/2010.

Nektar Therapeutics, formerly Inhale Therapeutic Systems, Inc. Nektar Therapeutics has a market cap of $1.12 billion; its shares were traded at around $9.84 with and P/S ratio of 7.

PRIMECAP Management owns 4,332,815 shares as of 12/31/2010, an increase of 16.92% from the previous quarter. This position accounts for 0.08% of the $67.24 billion portfolio of PRIMECAP Management. PRIMECAP Management owns 4,332,815 shares as of 12/31/2010, which accounts for 0.08% of the $67.24 billion portfolio of PRIMECAP Management.

NKTR recently reported its fourth quarter and year end 2010 financial results. Revenue for the fourth quarter of 2010 increased to $45.3 million as compared to $39.0 million in the fourth quarter of 2009. Revenue for the full year 2010 increased to $159.0 million as compared to $71.9 million for the full year 2009. The increase in revenue year over year is the result of amortization of a $125.0 million milestone payment received from AstraZeneca in September 2009 under the partnership agreement for NKTR-118.

Sell: Director Robert Chess sold 4,500 shares of NKTR stock on 03/08/2011 at the average price of 9. Robert Chess owns at least 255,709 shares after this. The price of the stock has increased by 9.33% since.

DELTA AIR LINES INC. (DAL): Down 31% Since Pioneer Investments Bought In the Quarter Ended on 2010-12-31

Pioneer Investments added to his holdings in Airlines company Delta Air Lines Inc. by 23.44% during the quarter ended 12/31/2010. His purchase prices were between $11.24 and $14.33, with an estimated average price of $13.01. Since then the prices of DELTA AIR LINES INC. shares have declined by -31% from the estimated average. Pioneer Investments owned 957,433 shares of as of 12/31/2010.

DAL recently reported its fourth quarter 2010 results. The company Reports GAAP quarterly profit of $19 million and annual profit of $593 million.

Delta is America's fastest growing international carrier. Delta Air Lines Inc. has a market cap of $7.55 billion; its shares were traded at around $9.04 with a P/E ratio of 5.2 and P/S ratio of 0.3.

Ronald Muhlenkamp bought 1,667,335 shares in the quarter that ended on 12/31/2010, which is 2.95% of the $711 million portfolio of Muhlenkamp Fund. Michael Price bought 25,833 shares in the quarter that ended on 12/31/2010, which is 0.05% of the $593 million portfolio of MFP Investors LLC. George Soros owns 14,731,351 shares as of 12/31/2010, an increase of 299.12% from the previous quarter. This position accounts for 2.41% of the $7.69 billion portfolio of Soros Fund Management LLC. Robert Olstein owns 385,000 shares as of 12/31/2010, an increase of 54% from the previous quarter. This position accounts for 0.83% of the $587 million portfolio of Olstein Financial Alert Fund.

Sell: Senior Vice President & CFO Hank Halter sold 10,000 shares of DAL stock on 02/11/2011 at the average price of 12. Hank Halter owns at least 217,535 shares after this. The price of the stock has decreased by 24.67% since.

AMERICAN INT'L GROUP INC (AIG): Down 23% 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. His purchase prices were between $39.28 and $59.38, with an estimated average price of $44.93. Since then the prices of AMERICAN INT'L GROUP INC shares have declined by -23% from the estimated average. Jeremy Grantham owned 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 $61.97 billion; its shares were traded at around $34.49 with and P/S ratio of 0.9.

AIG recently reported net income of $11.2 billion for the quarter ended December 31, 2010, and $7.8 billion for the full year 2010. Diluted earnings per share were $16.60 for the fourth quarter and $11.60 for the full year, compared with a loss of $18.53 for the third quarter of 2010, and losses of $65.51 and $90.48 for the fourth quarter and full year of 2009, respectively.

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 27.85% since. Other insiders have also increased their positions in the company.


Rating: 3.1/5 (9 votes)

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