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: FRO, RMBS, HCBK, CLWR, ATLS

May 21, 2011 | About:
GuruFocus

hyperman299

4 followers
Last week’s top five guru bargains were FRO, RMBS, HCBK, CLWR, and ATLS. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

FRONTLINE LTD. (FRO): Down 24% Since David Dreman Bought In the Quarter Ended on 2010-12-31

David Dreman initiated holdings in Marine Transportation company Frontline Ltd. during the quarter ended 12/31/2010. His purchase prices were between $25.03 and $28.95, with an estimated average price of $27.01. Since then the prices of FRONTLINE LTD. shares have declined by -24% from the estimated average. David Dreman owned 1,257,248 shares of as of 12/31/2010.

FRONTLINE LTD's business strategy is primarily based upon the following principles: emphasising operational safety and quality maintenance for all of its vessels; complying with all current and proposed environmental regulations; outsourcing technical operations and crewing; achieving low operational costs of vessels; achieving high utilisation of its vessels; competitive financing arrangements; and develop relationship to main charterers. Frontline Ltd. has a market cap of $1.59 billion; its shares were traded at around $20.42 with a P/E ratio of 10.5 and P/S ratio of 1.4. The dividend yield of Frontline Ltd. stocks is 1.9%. Frontline Ltd. had an annual average earnings growth of 3.9% over the past 10 years.

FRO recently reported net income attributable to the Company of $161.4 million and earnings per share of $2.07 for the year ended December 31, 2010.

Rambus Inc. (RMBS): Down 29% Since Steven Cohen Bought In the Quarter Ended on 2010-12-31

Steven Cohen added to his holdings in Semiconductors company Rambus Inc. by 2823.84% during the quarter ended 12/31/2010. His purchase prices were between $19.29 and $21.3, with an estimated average price of $20.06. Since then the prices of Rambus Inc. shares have declined by -29% from the estimated average. Steven Cohen owned 359,632 shares of as of 12/31/2010.

Rambus, Inc. designs, develops, licenses and markets high-speed chip-to-chip interface technology to enhance the performance and cost-effectiveness of computers, consumer electronics and other electronic systems. Rambus Inc. has a market cap of $1.53 billion; its shares were traded at around $14.18 with and P/S ratio of 4.8.

RMBS recently reported its first quarter 2011 results. Revenue for the first quarter of 2011 was $62.5 million, down 31% sequentially from the fourth quarter of 2010 primarily due to one-time catch up revenue from the Elpida and Renesas license agreements in the fourth quarter of 2010. As compared to the first quarter of 2010, revenue was down 61% primarily due to revenue recognized from agreements signed with Samsung during the first quarter of 2010.

PRIMECAP Management owns 11,794,232 shares as of 03/31/2011, which accounts for 0.33% of the $70.47 billion portfolio of PRIMECAP Management.

Sell: Director Mark Horowitz sold 20,000 shares of RMBS stock on 05/02/2011 at the average price of 19.59. Mark Horowitz owns at least 831,584 shares after this. The price of the stock has decreased by 27.62% since. Other insiders have also decreased their positions in the company.

Hudson City Bancorp Inc. (HCBK): Down 23% Since Kenneth Fisher Bought In the Quarter Ended on 2010-12-31

Kenneth Fisher added to his holdings in Banks company Hudson City Bancorp Inc. by 816.02% during the quarter ended 12/31/2010. His purchase prices were between $11.35 and $12.93, with an estimated average price of $11.96. Since then the prices of Hudson City Bancorp Inc. shares have declined by -23% from the estimated average. Kenneth Fisher owned 134,600 shares of as of 12/31/2010.

HUDSON CITY BANCCORP is a bank holding company. Through its subsidiary, Hudson City Savings, they are a community and customer-oriented savings bank that provides financial services primarily to individuals and families. Hudson City Bancorp Inc. has a market cap of $4.85 billion; its shares were traded at around $9.2 with and P/S ratio of 1.6. The dividend yield of Hudson City Bancorp Inc. stocks is 3.5%. Hudson City Bancorp Inc. had an annual average earnings growth of 28.7% over the past 10 years. GuruFocus rated Hudson City Bancorp Inc. the business predictability rank of 5-star.

HCBK recently reported its first quarter 2011 results. Diluted loss per share was $1.13 for the first quarter of 2011 as compared to diluted earnings per share of $0.30 for the first quarter of 2010. During the first quarter of 2011 we had a net loss of $555.7 million as compared to net income of $148.9 million for the first quarter of 2010.

David Dreman owns 313,800 shares as of 03/31/2011, an increase of 37.42% from the previous quarter. This position accounts for 0.06% of the $5.32 billion portfolio of Dreman Value Management. Richard Aster Jr owns 52,500 shares as of 03/31/2011, an increase of 29.31% from the previous quarter. This position accounts for 0.02% of the $3.34 billion portfolio of Meridian Fund.

Clearwire Corp. (CLWR): Down 31% 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. His purchase prices were between $5.005 and $7.77, with an estimated average price of $6.51. Since then the prices of Clearwire Corp. shares have declined by -31% from the estimated average. Larry Robbins 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 $4.46 billion; its shares were traded at around $4.52 with and P/S ratio of 7.9.

Clearwire recently record first quarter 2011 results. "During the quarter we made good progress toward our objective of achieving positive EBITDA in 2012 by executing new agreements with Sprint, delivering strong post-pay subscriber growth and company-best wholesale revenue growth, as well as significantly lowering our operating costs," said John Stanton, Clearwire's Chairman and interim CEO.

George Soros bought 270,271 shares in the quarter that ended on 03/31/2011, which is 0.02% of the $8.4 billion portfolio of Soros Fund Management LLC. Mario Gabelli owns 119,370 shares as of 03/31/2011, a decrease of 47.58% of from the previous quarter. This position accounts for less than 0.01% of the $13.97 billion portfolio of GAMCO Investors.

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 decreased by 6.61% since. Other insiders have also decreased their positions in the company.

ATLAS ENERGY L.P. (ATLS): Down 39% Since Mario Gabelli Bought In the Quarter Ended on 2010-12-31

Mario Gabelli added to his holdings in Exploration & Production company Atlas Energy L.p. by 1610.17% during the quarter ended 12/31/2010. His purchase prices were between $28.76 and $44, with an estimated average price of $37.82. Since then the prices of ATLAS ENERGY L.P. shares have declined by -39% from the estimated average. Mario Gabelli owned 1,282,626 shares of as of 12/31/2010.

Atlas Energy, L.P., formerly known as Atlas Pipeline Holding, operates as a provider of natural gas gathering, processing and treating services. Atlas Energy L.p. has a market cap of $1.18 billion; its shares were traded at around $23.04 with a P/E ratio of 37.1 and P/S ratio of 1.3. The dividend yield of Atlas Energy L.p. stocks is 1.8%. Atlas Energy L.p. had an annual average earnings growth of 22.6% over the past 5 years.

Mario Gabelli owns 82,000 shares as of 03/31/2011, a decrease of 93.61% of from the previous quarter. This position accounts for 0.01% of the $13.97 billion portfolio of GAMCO Investors. Joel Greenblatt sold out his holdings in the quarter that ended on 03/31/2011. Daniel Loeb sold out his holdings in the quarter that ended on 03/31/2011. Whitney Tilson sold out his holdings in the quarter that ended on 03/31/2011.


Rating: 2.0/5 (6 votes)

Comments

ElmerJFudd
ElmerJFudd - 3 years ago
I think you could have also pointed out that HCBK had some regulatory issues, which could explain their precipitous drop. Caveat investor.

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