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: HFC, ESL, CREE, BHI, SLF

December 10, 2011 | About:
gurufocus

gurufocus

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

HollyFrontier (HFC): Down 33% Since Ray Dalio Bought In the Quarter Ended on 2011-09-30

Ray Dalio initiated holdings in Exploration & Production company Hollyfrontier during the quarter ended 09/30/2011. His purchase prices were between $25.59 and $38.2, with an estimated average price of $34.21. Since then the prices of HollyFrontier shares have declined by -33% from the estimated average. Ray Dalio owned 599,591 shares of as of 09/30/2011.

HollyFrontier Corporation is engaged in refining petroleum. Hollyfrontier has a market cap of $4.8 billion; its shares were traded at around $22.93 with a P/E ratio of 4.4 and P/S ratio of 0.6. The dividend yield of Hollyfrontier stocks is 3%. Hollyfrontier had an annual average earnings growth of 19% over the past 10 years.

HFC recently reported its third quarter 2011 results. The company reported record quarterly net income attributable to HollyFrontier stockholders of $523.1 million or $2.48 per diluted share for the quarter ended September 30, 2011, compared to$51.2 million or $0.48 per diluted share for the quarter ended September 30, 2010.

Daniel Loeb bought 3,350,000 shares in the quarter that ended on 09/30/2011, which is 4.1647% of the $2.11 billion portfolio of Third Point, LLC. David Tepper bought 1,599,244 shares in the quarter that ended on 09/30/2011, which is 2.7174% of the $1.54 billion portfolio of Appaloosa Management LP. Ray Dalio bought 599,591 shares in the quarter that ended on 09/30/2011, which is 0.23% of the $6.71 billion portfolio of Bridgewater Associates. George Soros bought 31,100 shares in the quarter that ended on 09/30/2011, which is 0.014% of the $5.83 billion portfolio of Soros Fund Management LLC.

Director Franklin Myers bought 444 shares of HFC stock on 11/21/2011 at the average price of 23.6. Franklin Myers owns at least 18,338 shares after this. The price of the stock has decreased by 2.84% since.

Esterline Technologies Corp. (ESL): Down 24% Since Steven Cohen Bought In the Quarter Ended on 2011-09-30

Steven Cohen added to his holdings in Aerospace company Esterline Technologies Corp. by 427.04% during the quarter ended 09/30/2011. His purchase prices were between $50.72 and $81.96, with an estimated average price of $68.96. Since then the prices of Esterline Technologies Corp. shares have declined by -24% from the estimated average. Steven Cohen owned 24,244 shares of as of 09/30/2011.

Esterline Technologies Corporation is a specialized engineering and manufacturing company principally serving aerospace and defense markets. Esterline Technologies Corp. has a market cap of $1.61 billion; its shares were traded at around $52.66 with a P/E ratio of 10.1 and P/S ratio of 1.1. Esterline Technologies Corp. had an annual average earnings growth of 12.8% over the past 10 years. GuruFocus rated Esterline Technologies Corp. the business predictability rank of 2.5-star.

For the fourth quarter of fiscal 2011, Esterline reported sales of $502.4 million and income from continuing operations of $19.4 million, or $0.62 per diluted share. The company noted that results for the fourth quarter include certain after-tax discrete items of $18.3 million, or $(0.59) per share, as detailed in Table 1. Year-ago fourth quarter sales were $430.5 million, with income from continuing operations of $49.3 million, or $1.60 per diluted share.

David Dreman owns 545,162 shares as of 09/30/2011, which accounts for 0.7074% of the $4 billion portfolio of Dreman Value Management. Kenneth Fisher owns 773,246 shares as of 09/30/2011, which accounts for 0.1333% of the $30.08 billion portfolio of Fisher Asset Management, LLC.

President & CEO Richard Bradley Lawrence bought 1,000 shares of ESL stock on 09/14/2011 at the average price of 59.73. Richard Bradley Lawrence owns at least 1,391 shares after this. The price of the stock has decreased by 11.84% since.

Cree Inc. (CREE): Down 25% Since Steven Cohen Bought In the Quarter Ended on 2011-09-30

Steven Cohen added to his holdings in Semiconductors company Cree Inc. by 108.04% during the quarter ended 09/30/2011. His purchase prices were between $26.65 and $37.11, with an estimated average price of $31.64. Since then the prices of Cree Inc. shares have declined by -25% from the estimated average. Steven Cohen owned 159,984 shares of as of 09/30/2011.

Cree, Inc. is a market-innovator and manufacturer of semiconductors that enhance the value of solid-state lighting, power and communications products by significantly increasing their energy performance and efficiency. Cree Inc. has a market cap of $2.76 billion; its shares were traded at around $23.79 with a P/E ratio of 23.1 and P/S ratio of 2.8. Cree Inc. had an annual average earnings growth of 13.8% over the past 10 years. GuruFocus rated Cree Inc. the business predictability rank of 2.5-star.

CREE recently announced revenue of $269.0 million for its first quarter of fiscal 2012, ended September 25, 2011. This represents a 0.2% increase compared to revenue of $268.4 million reported for the first fiscal quarter last year and a 11% increase compared to the fourth quarter of fiscal 2011.

PRIMECAP Management owns 8,682,407 shares as of 09/30/2011, which accounts for 0.3929% of the $57.41 billion portfolio of PRIMECAP Management.

Director Harvey A Wagner sold 16,000 shares of CREE stock on 08/31/2011 at the average price of 32.12. Harvey A Wagner owns at least 24,000 shares after this. The price of the stock has decreased by 25.93% since.

Baker Hughes Inc. (BHI): Down 22% Since Bruce Kovner Bought In the Quarter Ended on 2011-09-30

Bruce Kovner initiated holdings in Oil Equipment & Services company Baker Hughes Inc. during the quarter ended 09/30/2011. His purchase prices were between $48.59 and $79.94, with an estimated average price of $64.51. Since then the prices of Baker Hughes Inc. shares have declined by -22% from the estimated average. Bruce Kovner owned 70,008 shares of as of 09/30/2011.

Baker Hughes Inc. is engaged in the oilfield and process industries. Baker Hughes Inc. has a market cap of $21.99 billion; its shares were traded at around $50.39 with a P/E ratio of 13.2 and P/S ratio of 1.4. The dividend yield of Baker Hughes Inc. stocks is 1.1%. Baker Hughes Inc. had an annual average earnings growth of 11% over the past 10 years.

BHI recently announced adjusted net income (a non-GAAP measure) for the third quarter 2011 of $518 million, or $1.18 per diluted share. This excludes a $214 million tax benefit associated with the reorganization of certain foreign subsidiaries and a $26 million after-tax loss related to the early extinguishment of debt.

Mario Gabelli bought 8,600 shares in the quarter that ended on 09/30/2011, which is 0.0036% of the $10.95 billion portfolio of GAMCO Investors. John Griffin owns 1,435,000 shares as of 09/30/2011, a decrease of 43.17% of from the previous quarter. This position accounts for 1.3495% of the $4.91 billion portfolio of Blue Ridge Capital. Brian Rogers sold out his holdings in the quarter that ended on 09/30/2011. Ken Heebner sold out his holdings in the quarter that ended on 09/30/2011.

Chairman and CEO Chad C Deaton sold 27,653 shares of BHI stock on 07/25/2011 at the average price of 80. Chad C Deaton owns at least 324,172 shares after this. The price of the stock has decreased by 37.01% since. Other insiders have also decreased their positions in the company.

Sun Life Financial Inc. (SLF): Down 33% Since Jeremy Grantham Bought In the Quarter Ended on 2011-09-30

Jeremy Grantham added to his holdings in Life Insurance company Sun Life Financial Inc. by 23.04% during the quarter ended 09/30/2011. His purchase prices were between $23.22 and $30.51, with an estimated average price of $26.74. Since then the prices of Sun Life Financial Inc. shares have declined by -33% from the estimated average. Jeremy Grantham owned 2,553,772 shares of as of 09/30/2011.

SUN LIFE FINL is a international financial services organization providing a diverse range of wealth accumulation and protection products and services to individuals and corporate customers. Sun Life Financial Inc. has a market cap of $10.54 billion; its shares were traded at around $18.04 with a P/E ratio of 11.9 and P/S ratio of 0.4. The dividend yield of Sun Life Financial Inc. stocks is 8%.

SLF recently announced preliminary estimates for the third quarter of 2011. The Company expects to report a loss of $621 million for the quarter. On an operating basis, the loss is expected to be $572 million.

Brian Rogers owns 3,965,000 shares as of 09/30/2011, which accounts for 0.5136% of the $18.37 billion portfolio of T Rowe Price Equity Income Fund.

About the author:

gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 3.1/5 (14 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