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Weekly Guru Bargains Highlights: SD, OI, BGC, LAZ, BTU

October 29, 2011 | About:
GuruFocus

hyperman299

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Last week’s top five guru bargain stocks were SD, OI, BGC, LAZ, and BTU. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

SandRidge Energy (SD): Down 27% Since Murray Stahl Bought In the Quarter Ended on 2011-06-30

Murray Stahl initiated holdings in Exploration & Production company Sandridge Energy during the quarter ended 06/30/2011. His purchase prices were between $9.98 and $12.97, with an estimated average price of $11.16. Since then the prices of SandRidge Energy shares have declined by -27% from the estimated average. Murray Stahl owned 1,505,000 shares of as of 06/30/2011.

SandRidge Energy, Inc. is an oil and natural gas company headquartered in Oklahoma City with its principal focus on exploration and production. Sandridge Energy has a market cap of $3.38 billion; its shares were traded at around $8.19 with and P/S ratio of 3.6.

SD recently reported its second quarter 2011 results. The company announced adjusted EBITDA of $156 million ($182 million including realized gains on out-of-period derivative contract settlements) for second quarter 2011 compared to $132 million ($195 million including realized gains on out-of-period derivative contract settlements) in second quarter 2010.

George Soros bought 1,400,000 shares in the quarter that ended on 06/30/2011, which is 0.2099% of the $7.11 billion portfolio of Soros Fund Management LLC.Ruane Cunniff owns 2,500,000 shares as of 06/30/2011, an increase of 66.67% from the previous quarter. This position accounts for 0.2419% of the $11.02 billion portfolio of Ruane & Cunniff & Goldfarb.

SVP - IT and CIO Thomas L. Winton bought 4,000 shares of SD stock on 09/13/2011 at the average price of 6.93. Thomas L. Winton owns at least 184,379 shares after this. The price of the stock has increased by 18.18% since. Other insiders have also increased their positions in the company.

OwensIllinois Inc. (OI): Down 29% Since Louis Moore Bacon Bought In the Quarter Ended on 2011-06-30

Louis Moore Bacon initiated holdings in Containers & Packaging company Owensillinois Inc. during the quarter ended 06/30/2011. His purchase prices were between $25.07 and $33.01, with an estimated average price of $29.81. Since then the prices of OwensIllinois Inc. shares have declined by -29% from the estimated average. Louis Moore Bacon owned 32,750 shares of as of 06/30/2011.

Owens-Illinois, Inc. is one of the largest manufacturers of glass containers in North America, South America, Australia, New Zealand, and China, and one of the largest in Europe. Owensillinois Inc. has a market cap of $3.49 billion; its shares were traded at around $21.24 with a P/E ratio of 8.8 and P/S ratio of 0.5.

O-I reported third quarter 2011 earnings from continuing operations attributable to the Company of $0.72 per share (diluted), compared to $0.77 per share (diluted) for the same period in the prior year. Adjusted net earnings (non-GAAP) were $0.84 per share, compared to $0.83 per share in the third quarter of 2010, with some benefit from a lower annual effective tax rate. Third quarter adjusted net earnings improved from second quarter 2011 results of $0.59 per share.

David Dreman owns 220,390 shares as of 06/30/2011, which accounts for 0.1088% of the $5.23 billion portfolio of Dreman Value Management.

Board Chair & CEO Albert P L Stroucken bought 121,200 shares of OI stock on 09/09/2011 at the average price of 16.56. Albert P L Stroucken owns at least 435,928 shares after this. The price of the stock has increased by 28.26% since. Other insiders have also increased their positions in the company.

General Cable Corp. (BGC): Down 28% Since Steven Cohen Bought In the Quarter Ended on 2011-06-30

Steven Cohen added to his holdings in Telecommunications Equipment company General Cable Corp. by 1944.96% during the quarter ended 06/30/2011. His purchase prices were between $35.79 and $48.54, with an estimated average price of $41.88. Since then the prices of General Cable Corp. shares have declined by -28% from the estimated average. Steven Cohen owned 311,591 shares of as of 06/30/2011.

General Cable Corp. is a leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the communications, energy and electrical markets. General Cable Corp. has a market cap of $1.57 billion; its shares were traded at around $30.03 with a P/E ratio of 10.9 and P/S ratio of 0.3. General Cable Corp. had an annual average earnings growth of 23% over the past 10 years.

BGC recently reported its second quarter 2011 results. Net sales for the second quarter of 2011 were $1,532.2 million, an increase of $153.9 million, or 11%, compared to the second quarter of 2010 on a metal-adjusted basis. Before the impact of favorable foreign currency exchange rate changes of $80.3 million, net sales for the second quarter increased 5% compared to the second quarter of 2010.

Richard Aster Jr owns 280,400 shares as of 06/30/2011, an increase of 29.52% from the previous quarter. This position accounts for 0.3507% of the $3.4 billion portfolio of Meridian Fund. John Keeley owns 713,000 shares as of 06/30/2011, which accounts for 0.4953% of the $6.13 billion portfolio of Keeley Fund Management. David Dreman owns 953,442 shares as of 06/30/2011, which accounts for 0.7767% of the $5.23 billion portfolio of Dreman Value Management. George Soros owns 79,200 shares as of 06/30/2011, which accounts for 0.0474% of the $7.11 billion portfolio of Soros Fund Management LLC.

EVP, Pres/CEO Europe/Med Emmanuel Sabonnadiere bought 1,415 shares of BGC stock on 08/31/2011 at the average price of 30.2. Emmanuel Sabonnadiere owns at least 3,587 shares after this. The price of the stock has decreased by 0.56% since.

Lazard (LAZ): Down 28% Since Manning & Napier Advisors, Inc Bought In the Quarter Ended on 2011-06-30

Manning & Napier Advisors, Inc added to his holdings in Banks company Lazard by 24.22% during the quarter ended 06/30/2011. His purchase prices were between $35.42 and $43.25, with an estimated average price of $39.01. Since then the prices of Lazard shares have declined by -28% from the estimated average. Manning & Napier Advisors, Inc owned 79,490 shares of as of 06/30/2011.

Lazard is a preeminent international financial advisory and asset management firm that has long specialized in crafting solutions to the complex financial and strategic challenges of their clients. Lazard has a market cap of $3.4 billion; its shares were traded at around $28.22 with a P/E ratio of 13.1 and P/S ratio of 1.7. The dividend yield of Lazard stocks is 2.3%.

John Keeley owns 141,805 shares as of 06/30/2011, which accounts for 0.0858% of the $6.13 billion portfolio of Keeley Fund Management. John Rogers owns 4,765,570 shares as of 06/30/2011, which accounts for 3.2835% of the $5.39 billion portfolio of Ariel Capital Management. Kenneth Fisher owns 972,604 shares as of 09/30/2011, which accounts for 0.0682% of the $30.08 billion portfolio of Fisher Asset Management, LLC.

General Counsel Scott D Hoffman sold 14,267 shares of LAZ stock on 09/14/2011 at the average price of 25.42. The price of the stock has increased by 11.01% since.

Peabody Energy Corp. (BTU): Down 23% Since RS Investment Management Bought In the Quarter Ended on 2011-06-30

RS Investment Management added to his holdings in Coal company Peabody Energy Corp. by 23.25% during the quarter ended 06/30/2011. His purchase prices were between $53.22 and $72.71, with an estimated average price of $61.05. Since then the prices of Peabody Energy Corp. shares have declined by -23% from the estimated average. RS Investment Management owned 3,008,019 shares of as of 06/30/2011.

Peabody Energy is the largest private-sector coal company in the world. Peabody Energy Corp. has a market cap of $12.69 billion; its shares were traded at around $46.84 with a P/E ratio of 13 and P/S ratio of 1.8. The dividend yield of Peabody Energy Corp. stocks is 0.7%. Peabody Energy Corp. had an annual average earnings growth of 27.1% over the past 10 years. GuruFocus rated Peabody Energy Corp. the business predictability rank of 2.5-star.

Peabody recently reported third quarter 2011 EBITDA of $504.4 million on record quarterly revenues of $2.04 billion. Income from continuing operations was $283.5 million, with diluted earnings per share from continuing operations of $1.01. Adjusted diluted earnings per share from continuing operations totaled $0.87, compared with $0.99 in the prior year. Results reflect $21.9 million in expenses ($0.07 per share after tax) related to the takeover of Macarthur Coal. This includes $12.7 million of interest expense related to bridge financing fees for the transaction.

Arnold Schneider bought 957,472 shares in the quarter that ended on 06/30/2011, which is 3.2667% of the $1.73 billion portfolio of Schneider Capital Management. Ken Heebner sold out his holdings in the quarter that ended on 06/30/2011.

EVP - Technical Services Jeane L. Hull sold 2,313 shares of BTU stock on 07/05/2011 at the average price of 60.75. Jeane L. Hull owns at least 55,697 shares after this. The price of the stock has decreased by 22.9% since.


Rating: 4.0/5 (6 votes)

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