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Weekly Guru Bargains Highlights: GFA, NYX, BRCD, EMN, TK

September 17, 2011 | About:
gurufocus

gurufocus

373 followers
Last week's top five guru bargain stocks were GFA, NYX, BRCD, EMN, and TK. According to GuruFocus updates, these stocks have declined the most since Gurus have bought. Gafisa S/A ADS (GFA): Down 26% Since Jeremy Grantham Bought In the Quarter Ended on 2011-06-30

Jeremy Grantham initiated holdings in Home Construction company Gafisa S/a Ads during the quarter ended 06/30/2011. His purchase prices were between $9.19 and $14.26, with an estimated average price of $11.24. Since then the prices of Gafisa S/A ADS shares have declined by -26% from the estimated average. Jeremy Grantham owned 720,500 shares of as of 06/30/2011.

GAFISA are one of Brazils diversified national homebuilders. Gafisa S/a Ads has a market cap of $1.8 billion; its shares were traded at around $8.32 with a P/E ratio of 10.4 and P/S ratio of 0.8. The dividend yield of Gafisa S/a Ads stocks is 3.3%.

NYSE Euronext (NYX): Down 25% Since Jeremy Grantham Bought In the Quarter Ended on 2011-06-30

Jeremy Grantham added to his holdings in Financial Services company Nyse Euronext by 733.7% during the quarter ended 06/30/2011. His purchase prices were between $31.87 and $41.55, with an estimated average price of $36.84. Since then the prices of NYSE Euronext shares have declined by -25% from the estimated average. Jeremy Grantham owned 526,900 shares of as of 06/30/2011.

NYSE Group, Inc. is a provider of securities listing, trading and market data products and services. Nyse Euronext has a market cap of $7.26 billion; its shares were traded at around $27.73 with a P/E ratio of 12.5 and P/S ratio of 1.7. The dividend yield of Nyse Euronext stocks is 4.3%.

NYX recently reported net income of $154 million, or $0.59 per diluted share, for the second quarter of 2011, compared to net income of $184 million, or $0.70 per diluted share, for the second quarter of 2010. Results for the second quarter of 2011 and 2010 include $18 million and $32 million, respectively, of pre-tax merger expenses and exit costs. The $18 million in merger expenses and exit costs in the second quarter of 2011 included $12 million related to the proposed merger with Deutsche Boerse. Second quarter of 2010 results also included a net $54 million pre-tax gain from disposal activities. Excluding merger expenses, exit costs, disposal activities and discrete tax items, net income in the second quarter of 2011 was $160 million, or $0.61 per diluted share, compared to $167 million, or $0.64 per diluted share, in the second quarter of 2010.

John Paulson bought 3,000,000 shares in the quarter that ended on 06/30/2011, which is 0.3538% of the $29.06 billion portfolio of Paulson & Co.. Richard Perry owns 2,555,886 shares as of 06/30/2011, an increase of 1162.14% from the previous quarter. This position accounts for 2.5705% of the $3.41 billion portfolio of Perry Capital. Mario Gabelli owns 17,632 shares as of 06/30/2011, a decrease of 79.45% of from the previous quarter. This position accounts for 0.0043% of the $13.9 billion portfolio of GAMCO Investors.

CEO Duncan L Niederauer bought 25,000 shares of NYX stock on 08/08/2011 at the average price of 27.38. Duncan L Niederauer owns at least 179,969 shares after this. The price of the stock has increased by 1.28% since.

Brocade Communications Systems Inc. New (BRCD): Down 31% Since Jeremy Grantham Bought In the Quarter Ended on 2011-06-30

Jeremy Grantham initiated holdings in Telecommunications Equipment company Brocade Communications Systems Inc. New during the quarter ended 06/30/2011. His purchase prices were between $5.7 and $7.11, with an estimated average price of $6.33. Since then the prices of Brocade Communications Systems Inc. New shares have declined by -31% from the estimated average. Jeremy Grantham owned 280,662 shares of as of 06/30/2011.

Brocade Communications Systems, Inc. delivers industry-platforms, solutions, and services for intelligently connecting, managing, and optimizing IT resources in shared storage environments. Brocade Communications Systems Inc. New has a market cap of $2.09 billion; its shares were traded at around $4.36 with a P/E ratio of 12.8 and P/S ratio of 0.9. Brocade Communications Systems Inc. New had an annual average earnings growth of 14.8% over the past 10 years.

BRCD recently reported financial results for its third fiscal quarter ended July 30, 2011. Brocade reported quarterly revenue of $503 million, representing flat revenue performance year-over-year and resulting in break-even diluted earnings per share (EPS) on a GAAP basis and $0.09 on a non-GAAP basis. The Company's reported third quarter revenue and non-GAAP EPS results are consistent with the anticipated ranges it provided on August 5, 2011.

Michael Price owns 500,000 shares as of 06/30/2011, which accounts for 0.4687% of the $689 million portfolio of MFP Investors LLC. PRIMECAP Management owns 2,328,500 shares as of 06/30/2011, which accounts for 0.0217% of the $69.32 billion portfolio of PRIMECAP Management. NWQ Managers owns 6,076,881 shares as of 06/30/2011, which accounts for 0.204% of the $19.36 billion portfolio of NWQ Investment Management Co. Richard Snow sold out his holdings in the quarter that ended on 06/30/2011.

CFO, VP of Finance Daniel W Fairfax sold 12,000 shares of BRCD stock on 07/21/2011 at the average price of 5.9. Daniel W Fairfax owns at least 197,776 shares after this. The price of the stock has decreased by 26.1% since. Other insiders have also decreased their positions in the company.

Eastman Chemical Co. (EMN): Down 25% Since Jeremy Grantham Bought In the Quarter Ended on 2011-06-30

Jeremy Grantham added to his holdings in Specialty Chemicals company Eastman Chemical Co. by 687.5% during the quarter ended 06/30/2011. His purchase prices were between $95.02 and $108.15, with an estimated average price of $101.06. Since then the prices of Eastman Chemical Co. shares have declined by -25% from the estimated average. Jeremy Grantham owned 53,550 shares of as of 06/30/2011.

Eastman Chemical Company is a global chemical company with a broad portfolio of chemical, plastic, and fiber products. Eastman Chemical Co. has a market cap of $5.35 billion; its shares were traded at around $76.24 with a P/E ratio of 8.5 and P/S ratio of 0.9. The dividend yield of Eastman Chemical Co. stocks is 2.4%. Eastman Chemical Co. had an annual average earnings growth of 11.8% over the past 10 years.

Eastman Chemical Company recently reported its first quarter 2011 results. The company announced that its earnings from continuing operations were $2.52 per diluted share for first quarter 2011 versus $1.43 per diluted share for first quarter 2010. "We continue to demonstrate that we have established a new level of earnings performance for the company," said Jim Rogers, chairman and CEO. "We grew volume year over year in every business segment and in every region of the world. Furthermore, we remain well positioned for future growth with our solid balance sheet, which was further strengthened by the cash from the sale of the PET business.”

Jean-Marie Eveillard owns 2,099,823 shares as of 06/30/2011, an increase of 55.48% from the previous quarter. This position accounts for 0.992% of the $21.61 billion portfolio of First Eagle Investment Management, LLC. Kenneth Fisher owns 71,201 shares as of 06/30/2011, which accounts for 0.019% of the $38.22 billion portfolio of Fisher Asset Management, LLC.

SVP & CFO Curtis E Espeland sold 24,985 shares of EMN stock on 05/09/2011 at the average price of 103.85. Curtis E Espeland owns at least 3,065 shares after this. The price of the stock has decreased by 26.59% since.

Teekay (TK): Down 21% Since Leon Cooperman Bought In the Quarter Ended on 2011-06-30

Leon Cooperman initiated holdings in Marine Transportation company Teekay during the quarter ended 06/30/2011. His purchase prices were between $30 and $37.18, with an estimated average price of $33.41. Since then the prices of Teekay shares have declined by -21% from the estimated average. Leon Cooperman owned 1,428,300 shares of as of 06/30/2011.

Teekay Shipping Corporation is a provider of international crude oil and petroleum product transportation services through the world's largest fleet of medium size oil tankers. Teekay has a market cap of $1.91 billion; its shares were traded at around $26.42 with and P/S ratio of 0.9. The dividend yield of Teekay stocks is 4.7%. Teekay had an annual average earnings growth of 8.1% over the past 10 years.

Teekay recently announced its second quarter 2011 results. The company reported an adjusted net loss attributable to stockholders of Teekay(1) of $36.3 million, or $0.51 per share, for the quarter ended June 30, 2011, compared to an adjusted net loss attributable to the stockholders of Teekay of $26.1 million, or $0.36 per share, for the same period of the prior year.

Leon Cooperman bought 1,428,300 shares in the quarter that ended on 06/30/2011, which is 1.0034% of the $4.4 billion portfolio of Omega Advisors. Jean-Marie Eveillard owns 446,206 shares as of 06/30/2011, a decrease of 52.81% of from the previous quarter. This position accounts for 0.0638% of the $21.61 billion portfolio of First Eagle Investment Management, LLC.

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gurufocus
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