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Weekly Guru Bargains Highlights: FLS, HP, X, CS, STM

October 22, 2011 | About:
GuruFocus

hyperman299

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

Flowserve Corp. (FLS): Down 29% Since Manning & Napier Advisors, Inc Bought In the Quarter Ended on 2011-06-30

Manning & Napier Advisors, Inc added to his holdings in Diversified Industrials company Flowserve Corp. by 94.11% during the quarter ended 06/30/2011. His purchase prices were between $101.09 and $134.99, with an estimated average price of $119.36. Since then the prices of Flowserve Corp. shares have declined by -29% from the estimated average. Manning & Napier Advisors, Inc owned 1,938,674 shares of as of 06/30/2011.

Flowserve Corporation is one of the world's providers of industrial flow management services. Flowserve Corp. has a market cap of $4.7 billion; its shares were traded at around $84.37 with a P/E ratio of 11.3 and P/S ratio of 1.1. The dividend yield of Flowserve Corp. stocks is 1.4%. Flowserve Corp. had an annual average earnings growth of 14.6% over the past 10 years.

Richard Aster Jr owns 149,800 shares as of 06/30/2011, which accounts for 0.4836% of the $3.4 billion portfolio of Meridian Fund. Mario Gabelli owns 1,173,251 shares as of 06/30/2011, which accounts for 0.9276% of the $13.9 billion portfolio of GAMCO Investors. John Keeley owns 126,762 shares as of 06/30/2011, a decrease of 52.02% of from the previous quarter. This position accounts for 0.2273% of the $6.13 billion portfolio of Keeley Fund Management. George Soros owns 36,500 shares as of 06/30/2011, a decrease of 79.46% of from the previous quarter. This position accounts for 0.0564% of the $7.11 billion portfolio of Soros Fund Management LLC.

Director Kevin E Sheehan sold 932 shares of FLS stock on 05/18/2011 at the average price of 122.07. The price of the stock has decreased by 30.88% since.

Helmerich & Payne Inc. (HP): Down 23% Since Steven Cohen Bought In the Quarter Ended on 2011-06-30

Steven Cohen added to his holdings in Oil Equipment & Services company Helmerich & Payne Inc. by 369.35% during the quarter ended 06/30/2011. His purchase prices were between $57.67 and $70.34, with an estimated average price of $62.81. Since then the prices of Helmerich & Payne Inc. shares have declined by -23% from the estimated average. Steven Cohen owned 14,484 shares of as of 06/30/2011.

Helmerich & Payne, Inc. is primarily engaged in the exploration, production, and sale of crude oil and natural gas and in contractdrilling of oil and gas wells for others. Helmerich & Payne Inc. has a market cap of $5.15 billion; its shares were traded at around $48.06 with a P/E ratio of 13.1 and P/S ratio of 2.7. The dividend yield of Helmerich & Payne Inc. stocks is 0.6%. Helmerich & Payne Inc. had an annual average earnings growth of 21.8% over the past 10 years.

Kenneth Fisher owns 1,608,642 shares as of 06/30/2011, which accounts for 0.2783% of the $38.22 billion portfolio of Fisher Asset Management, LLC. Ron Baron owns 2,666,640 shares as of 06/30/2011, which accounts for 0.9796% of the $18 billion portfolio of Baron Funds. Jean-Marie Eveillard owns 1,053,854 shares as of 06/30/2011, a decrease of 22.55% of from the previous quarter. This position accounts for 0.3225% of the $21.61 billion portfolio of First Eagle Investment Management, LLC.

United States Steel Corp. (X): Down 50% Since Paul Tudor Jones Bought In the Quarter Ended on 2011-06-30

Paul Tudor Jones initiated holdings in Steel company United States Steel Corp. during the quarter ended 06/30/2011. His purchase prices were between $41.07 and $54.64, with an estimated average price of $46.44. Since then the prices of United States Steel Corp. shares have declined by -50% from the estimated average. Paul Tudor Jones owned 25,900 shares of as of 06/30/2011.

United States Steel manufactures and sells a variety of steel mill products, coke and taconite pellets. United States Steel Corp. has a market cap of $3.37 billion; its shares were traded at around $23.37 with and P/S ratio of 0.2. The dividend yield of United States Steel Corp. stocks is 0.9%.

United States Steel recently reported second quarter 2011 net income of $222 million, or $1.33 per diluted share, compared to a first quarter 2011 net loss of $86 million, or $0.60 per diluted share, and a second quarter 2010 net loss of $25 million, or $0.17 per diluted share.

Director John Engel bought 1,000 shares of X stock on 05/02/2011 at the average price of 47.28. John Engel owns at least 2,000 shares after this. The price of the stock has decreased by 50.57% since.

Credit Suisse Group ADS (CS): Down 36% Since Steven Cohen Bought In the Quarter Ended on 2011-06-30

Steven Cohen added to his holdings in Banks company Credit Suisse Group Ads by 228.45% during the quarter ended 06/30/2011. His purchase prices were between $37.98 and $45.49, with an estimated average price of $42.09. Since then the prices of Credit Suisse Group ADS shares have declined by -36% from the estimated average. Steven Cohen owned 74,837 shares of as of 06/30/2011.

CREDIT SUISSE GROUP and Winterthur offer investment products, private banking and financial advisory services, as well as insurance and pension solutions. Credit Suisse Group Ads has a market cap of $32.4 billion; its shares were traded at around $26.98 with a P/E ratio of 10 and P/S ratio of 0.6. The dividend yield of Credit Suisse Group Ads stocks is 5.4%. Credit Suisse Group Ads had an annual average earnings growth of 27.9% over the past 10 years.

Credit Suisse Group recently reported its second quarter 2011 results. Brady W. Dougan, Chief Executive Officer, said: “The strength of our business model is underscored by an underlying return on equity of 15% for the first half of 2011 despite a disappointing performance in the second quarter.”

Dodge & Cox owns 6,032,087 shares as of 06/30/2011, which accounts for 0.2732% of the $86.17 billion portfolio of Dodge & Cox. Kenneth Fisher owns 10,539,687 shares as of 06/30/2011, which accounts for 1.0761% of the $38.22 billion portfolio of Fisher Asset Management, LLC.

STMicroelectronics N.V. ADS (STM): Down 34% Since Manning & Napier Advisors, Inc Bought In the Quarter Ended on 2011-06-30

Manning & Napier Advisors, Inc initiated holdings in Semiconductors company Stmicroelectronics N.v. Ads during the quarter ended 06/30/2011. His purchase prices were between $9.23 and $12.81, with an estimated average price of $11.18. Since then the prices of STMicroelectronics N.V. ADS shares have declined by -34% from the estimated average. Manning & Napier Advisors, Inc owned 24,232 shares of as of 06/30/2011.

STMicroelectronics is a global independent semiconductor company which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems. Stmicroelectronics N.v. Ads has a market cap of $6.55 billion; its shares were traded at around $7.41 with a P/E ratio of 8.8 and P/S ratio of 0.6. The dividend yield of Stmicroelectronics N.v. Ads stocks is 3.9%.

STMicroelectronics recently reported its third quarter 2011 financial results. “Sales in the third quarter came in slightly ahead of expectations, even when excluding $20 million of revenue from IP licensing to a third party,” said Gilles Delfassy, president and CEO of ST-Ericsson. “Revenue from new products continued to grow, making up more than half of our total sales.

Charles Brandes owns 11,496,499 shares as of 06/30/2011, which accounts for 0.8115% of the $14.11 billion portfolio of Brandes Investment.


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