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Weekly Guru Bargains Highlights: NFLX, ETFC, FST, S, IPI

February 06, 2012 | About:
GuruFocus

GuruFocus

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

Netflix Inc. (NFLX): Down 45% Since John Griffin Bought In the Quarter Ended on 2011-09-30

John Griffin added to his holdings in Specialty Retailers company Netflix Inc. by 81.88% during the quarter ended 09/30/2011. His purchase prices were between $113.19 and $298.73, with an estimated average price of $228.28. Since then the prices of Netflix Inc. shares have declined by 45% from the estimated average. John Griffin owned 2,028,000 shares of as of 09/30/2011.

Netflix Inc. is the largest online movie rental subscription service in the United States providing subscribers access to a comprehensive library of more than 18,000 movie, television and other filmed entertainment titles. Netflix Inc. has a market cap of $7 billion; its shares were traded at around $126.43 with a P/E ratio of 29.68 and P/S ratio of 2.18. Netflix Inc. had an annual average earnings growth of 154.4% over the past five years.

Julian Robertson bought 100,350 shares in the quarter that ended on 09/30/2011, which is 4.6071% of the $247 million portfolio of Tiger Management. John Hussman bought 250,000 shares in the quarter that ended on 09/30/2011, which is 0.4497% of the $6.25 billion portfolio of Hussman Economtrics Advisors. Ray Dalio bought 46,022 shares in the quarter that ended on 09/30/2011, which is 0.078% of the $6.71 billion portfolio of Bridgewater Associates.

CEO Reed Hastings sold 5,000 shares of NFLX stock on 09/08/2011 at the average price of 214.06. Reed Hastings owns at least 1,147,215 shares after this. The price of the stock has decreased by 40.94% since. Other insiders have also decreased their positions in the company.

E*TRADE Financial Corp. (ETFC): Down 25% Since Jeremy Grantham Bought in the Quarter Ended on 2011-09-30

Jeremy Grantham initiated holdings in Investment Services company E*trade Financial Corp. during the quarter ended 09/30/2011. His purchase prices were between $9.41 and $16.52, with an estimated average price of $12.3. Since then the prices of E*TRADE Financial Corp. shares have declined by -25% from the estimated average. Jeremy Grantham owned 20,600 shares of as of 09/30/2011.

The E*TRADE Financial Corp. family of companies provide financial services including brokerage, banking and lending for retail, corporate and institutional customers. E*Trade Financial Corp. has a market cap of $2.62 billion; its shares were traded at around $9.19 with a P/E ratio of 17.02 and P/S ratio of 1.29.

E*TRADE Financial Corp. announced results for its fourth quarter ended December 31, 2011, reporting a net loss of $6 million, or $0.02 loss per share. This compares with net income of $71 million, or $0.24 earnings per share in the prior quarter, and a net loss of $24 million, or $0.11 loss per share in the fourth quarter of 2010. The Company reported total net revenue of $475 million for the fourth quarter, compared with $507 million in the prior quarter and $518 million in the year-ago period.

David Tepper bought 1,181,770 shares in the quarter that ended on 09/30/2011, which is 0.6977% of the $1.54 billion portfolio of Appaloosa Management LP. George Soros owns 18,600 shares as of 09/30/2011, a decrease of 97.41% of from the previous quarter. This position accounts for 0.0029% of the $5.83 billion portfolio of Soros Fund Management LLC.

Director Frank J. Petrilli bought 11,500 shares of ETFC stock on 02/01/2012 at the average price of $8.45. Frank J. Petrilli owns at least 13,483 shares after this. The price of the stock has increased by 8.76% since.

Forest Oil Corp. (FST): Down 38% Since Leon Cooperman Bought in the Quarter Ended on 2011-09-30

Leon Cooperman initiated holdings in Exploration & Production company Forest Oil Corp. during the quarter ended 09/30/2011. His purchase prices were between $14.89 and $28.15, with an estimated average price of $21.07. Since then the prices of Forest Oil Corp. shares have declined by -38% from the estimated average. Leon Cooperman owned 1,628,800 shares of as of 09/30/2011.

Forest Oil Corporation is engaged in the acquisition, exploration, development, production and marketing of natural gas and crude oil in North America. Forest Oil Corp. has a market cap of $1.5 billion; its shares were traded at around $13.08 with a P/E ratio of 9.62 and P/S ratio of 1.75.

FST recently reported adjusted net earnings of $37 million, or $.32 per diluted share, inclusive of the discontinued operations, net of noncontrolling interest, associated with Lone Pine, a former Canadian subsidiary of the company.

Leon Cooperman bought 1,628,800 shares in the quarter that ended on 09/30/2011, which is 0.6955% of the $3.37 billion portfolio of Omega Advisors. David Dreman owns 105,250 shares as of 09/30/2011, which accounts for 0.0379% of the $4 billion portfolio of Dreman Value Management.

President and CEO, Director H. Craig Clark sold 112,936 shares of FST stock on 11/30/2011 at the average price of 15.04. H. Craig Clark owns at least 400,741 shares after this. The price of the stock has decreased by 13.03% since.

Sprint Nextel (S): Down 42% Since Donald Smith Bought in the Quarter Ended on 2011-09-30

Donald Smith initiated holdings in Fixed Line Telecommunications company Sprint Nextel during the quarter ended 09/30/2011. His purchase prices were between $3.01 and $5.65, with an estimated average price of $4.02. Since then the prices of Sprint Nextel shares have declined by -42% from the estimated average. Donald Smith owned 620,000 shares of as of 09/30/2011.

Sprint Nextel offers a comprehensive range of wireless and wireline communications services to consumer, business and government customers. Sprint Nextel has a market cap of $6.95 billion; its shares were traded at around $2.32 with and P/S ratio of 0.21.

Sprint recently reported that during the third quarter of 2011, the company generated net operating revenues of $8.3 billion and Adjusted OIBDA* of $1.4 billion.

Donald Smith bought 620,000 shares in the quarter that ended on 09/30/2011, which is 0.069% of the $2.73 billion portfolio of Donald Smith & Co.. Joel Greenblatt bought 47,268 shares in the quarter that ended on 09/30/2011, which is 0.0235% of the $614 million portfolio of Gotham Capital. Charles Brandes bought 15,331 shares in the quarter that ended on 09/30/2011, which is 0.0004% of the $10.81 billion portfolio of Brandes Investment. John Keeley sold out his holdings in the quarter that ended on 09/30/2011.

Intrepid Potash (IPI): Down 21% Since Steven Cohen Bought in the Quarter Ended on 2011-09-30

Steven Cohen added to his holdings in Nonferrous Metals company Intrepid Potash by 232.06% during the quarter ended 09/30/2011. His purchase prices were between $26.09 and $35.05, with an estimated average price of $31.69. Since then the prices of Intrepid Potash shares have declined by -21% from the estimated average. Steven Cohen owned 27,694 shares of as of 09/30/2011.

Intrepid Potash Inc. is the largest producer of potash in the US. Intrepid Potash has a market cap of $1.88 billion; its shares were traded at around $25 with a P/E ratio of 21.01 and P/S ratio of 5.23.

IPI recently announced third quarter 2011 financial results today, with quarterly net income of $25.5 million and $0.34 of earnings per diluted share.

Ron Baron owns 1,587,072 shares as of 09/30/2011, which accounts for 0.2748% of the $14.37 billion portfolio of Baron Funds. NWQ Managers sold out his holdings in the quarter that ended on 09/30/2011.

Executive Chairman of Board, 10% Owner Robert P. Jornayvaz III sold 250,000 shares of IPI stock on 09/08/2011 at the average price of $34.77. Robert P. Jornayvaz III owns at least 11,121,219 shares after this. The price of the stock has decreased by 28.1% since.

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