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Weekly Guru Bargains Highlights: WFR, CCJ, MU, MTL, JNPR

hyperman299

hyperman299

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Last week’s top five guru bargain stocks were WFR, CCJ, MU, MTL, and JNPR. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

MEMC Electronic Materials Inc. (WFR): Down 32% Since Jeremy Grantham Bought In the Quarter Ended on 2011-03-31

Jeremy Grantham initiated holdings in Semiconductors company Memc Electronic Materials Inc. during the quarter ended 03/31/2011. His purchase prices were between $11 and $14.84, with an estimated average price of $12.57. Since then the prices of MEMC Electronic Materials Inc. shares have declined by -32% from the estimated average. Jeremy Grantham owned 350,000 shares of as of 03/31/2011.

MEMC Electronic Materials, Inc. is a global producer of polysilicon and silicon wafers. Memc Electronic Materials Inc. has a market cap of $1.98 billion; its shares were traded at around $8.58 with a P/E ratio of 20.93 and P/S ratio of 0.88.

GAAP net sales for the quarter were $735.9 million, an increase of 68% or $298.2 million from $437.7 million in the first quarter of 2010. Sales were up year-over-year in all segments, but most strongly in Solar Materials and SunEdison. Sequentially, net sales were down 13% from the 2010 fourth quarter, due to lower Semiconductor Materials and SunEdison volumes.

Third Avenue Management owns 2,124,047 shares as of 03/31/2011, which accounts for 0.52% of the $5.29 billion portfolio of Third Avenue Management. Arnold Schneider owns 2,950,965 shares as of 03/31/2011, which accounts for 2.11% of the $1.82 billion portfolio of Schneider Capital Management. Arnold Van Den Berg owns 559,286 shares as of 03/31/2011, which accounts for 0.72% of the $1.01 billion portfolio of Century Management. Mario Gabelli sold out his holdings in the quarter that ended on 03/31/2011. Ronald Muhlenkamp sold out his holdings in the quarter that ended on 03/31/2011.

Director Marshall C Turner bought 3,000 shares of WFR stock on 06/03/2011 at the average price of 9.88. Marshall C Turner owns at least 4,000 shares after this. The price of the stock has decreased by 13.16% since.

Cameco Corp. (CCJ): Down 31% Since Manning & Napier Advisors, Inc Bought In the Quarter Ended on 2011-03-31

Manning & Napier Advisors, Inc added to his holdings in General Mining company Cameco Corp. by 26.67% during the quarter ended 03/31/2011. His purchase prices were between $28.1 and $43.59, with an estimated average price of $38.25. Since then the prices of Cameco Corp. shares have declined by -31% from the estimated average. Manning & Napier Advisors, Inc owned 8,628,315 shares of as of 03/31/2011.

Cameco Corporation is the world's largest publicly traded uranium company and a growing gold producer. Cameco Corp. has a market cap of $10.46 billion; its shares were traded at around $26.51 with a P/E ratio of 22.47 and P/S ratio of 4.91. The dividend yield of Cameco Corp. stocks is 1.51%. Cameco Corp. had an annual average earnings growth of 21% over the past 10 years. GuruFocus rated Cameco Corp. the business predictability rank of 4-star.

Net earnings attributable to our shareholders (net earnings) this quarter were $91 million ($0.23 per share diluted) compared to $143 million ($0.36 per share diluted) in the first quarter of 2010. On an adjusted basis, our earnings this quarter were $85 million ($0.21 per share diluted) compared to $112 million ($0.28 per share diluted) (non-IFRS measure, see page 3) in the first quarter of 2010.

George Soros bought 11,200 shares in the quarter that ended on 03/31/2011, which is 0.0052% of the $6.42 billion portfolio of Soros Fund Management LLC. PRIMECAP Management owns 4,198,700 shares as of 03/31/2011, which accounts for 0.18% of the $70.47 billion portfolio of PRIMECAP Management. Richard Aster Jr sold out his holdings in the quarter that ended on 03/31/2011.

Micron Technology Inc. (MU): Down 25% Since RS Investment Management Bought In the Quarter Ended on 2011-03-31

RS Investment Management initiated holdings in Semiconductors company Micron Technology Inc. during the quarter ended 03/31/2011. His purchase prices were between $8.02 and $11.8, with an estimated average price of $10.43. Since then the prices of Micron Technology Inc. shares have declined by -25% from the estimated average. RS Investment Management owned 468,420 shares of as of 03/31/2011.

Micron Technology, Inc. has established itself as one of the worldwide providers of semiconductor memory solutions. Micron Technology Inc. has a market cap of $7.84 billion; its shares were traded at around $7.83 with a P/E ratio of 11.03 and P/S ratio of 0.92.

MU recently announced results of operations for its third quarter of fiscal 2011, which ended June 2, 2011. For the third quarter, the company had net income attributable to Micron shareholders of $75 million, or $0.07 per diluted share, on net sales of $2.1 billion.

John Keeley bought 180,000 shares in the quarter that ended on 03/31/2011, which is 0.03% of the $6.54 billion portfolio of Keeley Fund Management. George Soros owns 629,700 shares as of 03/31/2011, an increase of 177.16% from the previous quarter. This position accounts for 0.1124% of the $6.42 billion portfolio of Soros Fund Management LLC. David Tepper owns 12,202,840 shares as of 03/31/2011, a decrease of 31.31% of from the previous quarter. This position accounts for 3.32% of the $4.21 billion portfolio of Appaloosa Management LP.

Chairman and CEO Steven R Appleton sold 175,000 shares of MU stock on 04/27/2011 at the average price of 11.72. Steven R Appleton owns at least 1,842,459 shares after this. The price of the stock has decreased by 33.19% since. Other insiders have also decreased their positions in the company.

Mechel OAO ADS (MTL): Down 21% Since Paul Tudor Jones Bought In the Quarter Ended on 2011-03-31

Paul Tudor Jones initiated holdings in Steel company Mechel Oao Ads during the quarter ended 03/31/2011. His purchase prices were between $28.4 and $34.59, with an estimated average price of $31.19. Since then the prices of Mechel OAO ADS shares have declined by -21% from the estimated average. Paul Tudor Jones owned 65,000 shares of as of 03/31/2011.

Mechel OAO is a Russian company whose business consists of two segments: mining and steel, comprising facilities in Russia, Romania and Lithuania. Mechel Oao Ads has a market cap of $10.26 billion; its shares were traded at around $24.64 with and P/S ratio of 1.05. The dividend yield of Mechel Oao Ads stocks is 1%.

Juniper Networks Inc. (JNPR): Down 21% Since Pioneer Investments Bought In the Quarter Ended on 2011-03-31

Pioneer Investments initiated holdings in Telecommunications Equipment company Juniper Networks Inc. during the quarter ended 03/31/2011. His purchase prices were between $34.82 and $44.46, with an estimated average price of $40.28. Since then the prices of Juniper Networks Inc. shares have declined by -21% from the estimated average. Pioneer Investments owned 7,246 shares of as of 03/31/2011.

Juniper Networks Inc. is a provider of Internet infrastructure solutions that enable Internet service providers and other telecommunications service providers to meet the demands resulting from the rapid growth of the Internet. Juniper Networks Inc. has a market cap of $17.04 billion; its shares were traded at around $31.97 with a P/E ratio of 28.8 and P/S ratio of 4.16. Juniper Networks Inc. had an annual average earnings growth of 6.2% over the past 5 years.

Net revenues for the first quarter of 2011 increased 21% on a year-over-year basis to $1,102 million. The Company posted GAAP net income of $130 million, or $0.24 per diluted share, and non-GAAP net income of $178 million, or $0.32 per diluted share for the first quarter of 2011.

Ken Heebner bought 457,800 shares in the quarter that ended on 03/31/2011, which is 0.29% of the $6.64 billion portfolio of Capital Growth Management LP.

EVP CFO Robyn M Denholm sold 21 shares of JNPR stock on 06/07/2011 at the average price of 32.26. The price of the stock has decreased by 0.9% since. Other insiders have also decreased their positions in the company.


Rating: 1.9/5 (7 votes)

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