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Weekly Guru Bargains Highlights: LOGI, AKAM, AIG, CLWR, WMS

May 01, 2011 | About:
hyperman299

hyperman299

4 followers
Last week’s top five guru bargain stocks were LOGI, AKAM, AIG, CLWR, and WMS. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Logitech International S.A. (LOGI): Down 29% 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. He owned 261,863 shares of as of 12/31/2010. 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 $2.42 billion; its shares were traded at around $13.81 with a P/E ratio of 16.4 and P/S ratio of 1.2. 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.

Logitech recently reported its third quarter financial results for its fiscal year 2011. Sales for Q3 FY 2011 were $754 million, up 22 percent from $617 million in the same quarter last year. Excluding the unfavorable impact of exchange rate changes, sales increased by 26 percent. Operating income was $76 million, an increase of 30 percent compared to $58 million in the same quarter a year ago. Net income for Q3 was $65 million ($0.36 per share) compared to $57 million ($0.32 per share) in Q3 of FY 2010. Gross margin for Q3 FY 2011 was 36.0 percent, up from 33.9 percent one year ago.

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.

Akamai Technologies Inc. (AKAM): Down 30% 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 $6.44 billion; its shares were traded at around $34.43 with a P/E ratio of 34.1 and P/S ratio of 6.2. Akamai Technologies Inc. had an annual average earnings growth of 26.4% over the past 5 years.

AKAM recently reported financial results for the fourth quarter and full-year ended December 31, 2010. Revenue for the fourth quarter 2010 was $284.7 million, a 12 percent increase over third quarter revenue of $253.6 million, and a 19 percent increase over fourth quarter 2009 revenue of $238.3 million. Total revenue for 2010 was $1,023.6 million, a 19 percent increase over 2009 revenue of $859.8 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. George Soros owns 54,250 shares as of 12/31/2010, a decrease of 74.09% of from the previous quarter. This position accounts for 0.03% of the $7.69 billion portfolio of Soros Fund Management LLC.

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 28.54% since. Other insiders have also decreased their positions in the company.

AMERICAN INT'L GROUP INC (AIG): Down 31% 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. He 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 $55.97 billion; its shares were traded at around $31.15 with and P/S ratio of 0.9.

AIG recently reported net income of $11.2 billion for the quarter ended Dec.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 34.83% since. Other insiders have also increased their positions in the company.

Clearwire Corp. (CLWR): Down 25% Since Larry Robbins Bought In the Quarter Ended on 2010-12-31

Larry Robbins added to his holdings in Internet company Clearwire Corp. by 232.3% during the quarter ended 12/31/2010. He owned 6,797,653 shares of as of 12/31/2010. CLEARWIRE CORPORATION is a provider of simple, portable and reliable wireless high-speed Internet service. Clearwire Corp. has a market cap of $4.8 billion; its shares were traded at around $4.86 with and P/S ratio of 8.7.

Mario Gabelli owns 227,720 shares as of 12/31/2010, which accounts for less than 0.01% of the $26.72 billion portfolio of GAMCO Investors. George Soros sold out his holdings in the quarter that ended on 12/31/2010.

Sell: CEO William T Morrow sold 8,126 shares of CLWR stock on 03/02/2011 at the average price of 4.84. William T Morrow owns at least 2,323,231 shares after this. The price of the stock has increased by 0.41% since. Other insiders have also decreased their positions in the company.

WMS INDS INC. (WMS): Down 24% Since Ron Baron Bought In the Quarter Ended on 2010-12-31

Ron Baron added to his holdings in Gambling company Wms Inds Inc. by 46.25% during the quarter ended 12/31/2010. He owned 819,000 shares of as of 12/31/2010. WMS Industries Inc. current businesses are reported in the following three operating segments: gaming; pinball and cabinets; and contract manufacturing. Wms Inds Inc. has a market cap of $1.89 billion; its shares were traded at around $32.8 with a P/E ratio of 17.7 and P/S ratio of 2.4. Wms Inds Inc. had an annual average earnings growth of 28.3% over the past 10 years.

WMS Industries recently reported preliminary results for the fiscal third quarter ended March 31, 2011. Based upon preliminary financial data, WMS Industries expects total revenue to be approximately $191 to $193 million, which is below the Company's third quarter revenue guidance range of $209 to $215 million. WMS Industries expects diluted earnings per share to be in a range of $0.40 to $0.42 per share for the March 2011 quarter.

Ron Baron owns 819,000 shares as of 12/31/2010, an increase of 46.25% from the previous quarter. This position accounts for 0.22% of the $16.91 billion portfolio of Baron Funds. Chuck Akre owns 200,000 shares as of 12/31/2010, which accounts for 1.9% of the $477 million portfolio of Akre Capital Management, LLC.

Sell: Director Harold H Jr Bach sold 1,833 shares of WMS stock on 11/30/2010 at the average price of 44.12. Harold H Jr Bach owns at least 16,077 shares after this. The price of the stock has decreased by 25.66% since. Other insiders have also decreased their positions in the company.

Rating: 2.5/5 (4 votes)

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