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: Harman International Industries Inc, Lowes Cos, Delta Air Lines, Applied Materials Inc, LONGTOP FINANCIAL TECHNOLOGIES Ltd

August 06, 2011 | About:
GuruFocus

hyperman299

4 followers
Last week’s top five guru bargains were Harman International Industries Inc, Lowes Cos, Delta Air Lines, Applied Materials Inc, and LONGTOP FINANCIAL TECHNOLOGIES Ltd.

According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Harman International Industries Inc. (HAR): Down 24% Since Chuck Royce Bought In the Quarter Ended on 2011-03-31

Chuck Royce added to his holdings in Consumer Electronics company Harman International Industries Inc. by 64.05% during the quarter ended 03/31/2011. His purchase prices were between $42.74 and $51.58, with an estimated average price of $47.24. Since then the prices of Harman International Industries Inc. shares have declined by -24% from the estimated average. Chuck Royce owned 543,750 shares of as of 03/31/2011.

Harman International Industries, Incorporated is a manufacturer of high-quality, high-fidelity audio products and electronic systems for the automotive, consumer and professional markets. Harman International Industries Inc. has a market cap of $2.51 billion; its shares were traded at around $35.88 with a P/E ratio of 17.6 and P/S ratio of 0.7. The dividend yield of Harman International Industries Inc. stocks is 0.2%.

HAR recently announced results for the third quarter ended March 31, 2011. Net sales for the quarter were $948 million, an increase of 13 percent compared to the same period last year. Third quarter operating income was $54 million, an improvement of $27 million compared to the same period last year. Earnings from continuing operations per diluted share were $0.51 for the quarter compared to $0.21 in the same period last year. On a non-GAAP basis, earnings per diluted share from continuing operations were $0.60 compared to $0.27 in the same period last year.

Robert Olstein owns 205,000 shares as of 03/31/2011, which accounts for 1.61% of the $596 million portfolio of Olstein Financial Alert Fund. Mario Gabelli owns 239,000 shares as of 03/31/2011, a decrease of 54.21% of from the previous quarter. This position accounts for 0.08% of the $13.97 billion portfolio of GAMCO Investors.

Chairman, CEO & President Dinesh C Paliwal sold 30,000 shares of HAR stock on 03/03/2011 at the average price of 50. Dinesh C Paliwal owns at least 58,029 shares after this. The price of the stock has decreased by 28.24% since. Other insiders have also decreased their positions in the company.

Lowes Cos. (LOW): Down 21% Since Richard Perry Bought In the Quarter Ended on 2011-03-31

Richard Perry added to his holdings in Specialty Retailers company Lowes Cos. by 384.5% during the quarter ended 03/31/2011. His purchase prices were between $23.99 and $27.28, with an estimated average price of $25.57. Since then the prices of Lowes Cos. shares have declined by -21% from the estimated average. Richard Perry owned 2,500,000 shares of as of 03/31/2011.

Lowe's Companies Inc. is a retailer of home improvement products in the world, with specific emphasis on retail do-it-yourself and commercial business customers. Lowes Cos. has a market cap of $26.33 billion; its shares were traded at around $20.22 with a P/E ratio of 14.1 and P/S ratio of 0.6. The dividend yield of Lowes Cos. stocks is 2.8%. Lowes Cos. had an annual average earnings growth of 7.8% over the past 10 years.

LOW recently reported its second quarter 2011 results. Net sales were 12.19 billion in the quarter, compared to 12.38 billion in the second quarter of 2010. Net earnings were 461 million, compared to 489 million a year ago.

Andreas Halvorsen bought 3,762,400 shares in the quarter that ended on 03/31/2011, which is 0.86% of the $11.59 billion portfolio of Viking Global Investors LP. Richard Perry owns 2,500,000 shares as of 03/31/2011, an increase of 384.5% from the previous quarter. This position accounts for 2.14% of the $3.08 billion portfolio of Perry Capital. Tom Gayner owns 350,000 shares as of 03/31/2011, an increase of 13.31% from the previous quarter. This position accounts for 0.5% of the $1.85 billion portfolio of Markel Gayner Asset Management Corp.

EVP Merchandising Robert J Jr Gfeller sold 6,000 shares of LOW stock on 05/31/2011 at the average price of 24.19. Robert J Jr Gfeller owns at least 96,081 shares after this. The price of the stock has decreased by 16.41% since. Other insiders have also decreased their positions in the company.

Delta Air Lines (DAL): Down 38% Since Robert Olstein Bought In the Quarter Ended on 2011-03-31

Robert Olstein added to his holdings in Airlines company Delta Air Lines by 67.53% during the quarter ended 03/31/2011. His purchase prices were between $9.79 and $13, with an estimated average price of $11.33. Since then the prices of Delta Air Lines shares have declined by -38% from the estimated average. Robert Olstein owned 645,000 shares of as of 03/31/2011.

DAL recently reported its June quarter 2011 profit. Delta's net income was $198 million, or $0.23 per diluted share, for the June 2011 quarter. "High fuel prices are putting significant pressure on the industry, but the benefits of Delta’s strategic actions and the dedication of Delta employees are evident in the solid profit we produced despite more than $1 billion in higher fuel expense," said Richard Anderson, Delta's chief executive officer. "Our revenue momentum, coupled with the capacity reductions we are making in September and actions to get our non-fuel costs to 2010 levels, will generate the margins we need to hit our return targets."

Delta is America's fastest growing international carrier. Delta Air Lines has a market cap of $5.94 billion; its shares were traded at around $7.02 with a P/E ratio of 5.2 and P/S ratio of 0.2.

Ken Heebner bought 15,900,000 shares in the quarter that ended on 03/31/2011, which is 2.35% of the $6.64 billion portfolio of Capital Growth Management LP. Wilbur Ross bought 511,500 shares in the quarter that ended on 03/31/2011, which is 0.35% of the $1.44 billion portfolio of Invesco Private Capital. David Tepper owns 3,592,656 shares as of 03/31/2011, an increase of 130.77% from the previous quarter. This position accounts for 0.84% of the $4.21 billion portfolio of Appaloosa Management LP. Robert Olstein owns 645,000 shares as of 03/31/2011, an increase of 67.53% from the previous quarter. This position accounts for 1.06% of the $596 million portfolio of Olstein Financial Alert Fund.

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 41.5% since. Other insiders have also decreased their positions in the company.

Applied Materials Inc. (AMAT): Down 26% Since Chuck Royce Bought In the Quarter Ended on 2011-03-31

Chuck Royce initiated holdings in Semiconductors company Applied Materials Inc. during the quarter ended 03/31/2011. His purchase prices were between $13.76 and $16.85, with an estimated average price of $15.42. Since then the prices of Applied Materials Inc. shares have declined by -26% from the estimated average. Chuck Royce owned 6,235 shares of as of 03/31/2011.

Applied Materials develops, manufactures, markets and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. Applied Materials Inc. has a market cap of $15.13 billion; its shares were traded at around $11.48 with a P/E ratio of 9 and P/S ratio of 1.6. The dividend yield of Applied Materials Inc. stocks is 2.9%.

James Barrow owns 30,387,847 shares as of 03/31/2011, an increase of 149.69% from the previous quarter. This position accounts for 0.96% of the $49.52 billion portfolio of Barrow, Hanley, Mewhinney & Strauss. Joel Greenblatt owns 36,304 shares as of 03/31/2011, a decrease of 39.23% of from the previous quarter. This position accounts for 0.17% of the $333 million portfolio of Gotham Capital.

Executive Vice President & CFO George S Davis sold 200,000 shares of AMAT stock on 03/04/2011 at the average price of 16.61. George S Davis owns at least 711,580 shares after this. The price of the stock has decreased by 30.89% since. Other insiders have also decreased their positions in the company.

LONGTOP FINANCIAL TECHNOLOGIES Ltd. (LFT): Down 42% Since Jim Simons Bought In the Quarter Ended on 2011-03-31

Jim Simons initiated holdings in Computer Services company Longtop Financial Technologies Ltd. during the quarter ended 03/31/2011. His purchase prices were between $28.41 and $36.27, with an estimated average price of $32.38. Since then the prices of LONGTOP FINANCIAL TECHNOLOGIES Ltd. shares have declined by -42% from the estimated average. Jim Simons owned 342,700 shares of as of 03/31/2011.

Longtop is a software development and solutions provider targeting the financial services industry in China. Longtop Financial Technologies Ltd. has a market cap of $1.06 billion; its shares were traded at around $18.93 with and P/S ratio of 6.3.

Lee Ainslie owns 5,627,751 shares as of 03/31/2011, an increase of 43.84% from the previous quarter. This position accounts for 1.86% of the $9.53 billion portfolio of Maverick Capital. George Soros owns 32,700 shares as of 03/31/2011, which accounts for 0.016% of the $6.42 billion portfolio of Soros Fund Management LLC. Steve Mandel sold out his holdings in the quarter that ended on 03/31/2011.


Rating: 2.1/5 (10 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