10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Once a decade discount

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Weekly Guru Bargains Highlights: PLCM, ITT, NOK, IAG, EDMC

April 23, 2012 | About:
GuruGocus

GuruGocus

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

Polycom Inc. (PLCM): Down 28% Since Louis Moore Bacon Bought in the Quarter Ended on 2011-12-31

Louis Moore Bacon added to his holdings in Telecommunications Equipment company Polycom Inc. by 100% during the quarter ended 12/31/2011. His purchase prices were between $15.5 and $22.63, with an estimated average price of $17.8. Since then the prices of Polycom Inc. shares have declined by -28% from the estimated average. Louis Moore Bacon owned 120,000 shares of as of 12/31/2011.

Polycom Inc. develops, manufactures and markets a full range of high-quality, media-rich communication tools and network solutions. Polycom Inc. has a market cap of $2.29 billion; its shares were traded at around $12.89 with a P/E ratio of 16.53 and P/S ratio of 1.53. Polycom Inc. had an annual average earnings growth of 9.5% over the past 10 years. GuruFocus rated Polycom Inc. the business predictability rank of 4-star.

First quarter 2012 consolidated net revenues were $367 million, compared to $344 million for the first quarter of 2011. GAAP net income for the first quarter of 2012 was $15 million, or 8 cents per diluted share, compared to $34 million, or 19 cents per diluted share, for the same period last year.

President and CEO Andrew M. Miller sold 30,000 shares of PLCM stock on 02/15/2012 at the average price of $21.8. Andrew M. Miller owns at least 190,908 shares after this. The price of the stock has decreased by 40.87% since. Other insiders have also decreased their positions in the company.

ITT Corp. (ITT): Down 50% Since Joel Greenblatt Bought in the Quarter Ended on 2011-12-31

Joel Greenblatt added to his holdings in Diversified Industrials company ITT Corp. by 2249.11% during the quarter ended 12/31/2011. His purchase prices were between $18.8 and $91.84, with an estimated average price of $43.6. Since then the prices of ITT Corp. shares have declined by -50% from the estimated average. Joel Greenblatt owned 160,162 shares of as of 12/31/2011.

ITT Corporation supplies advanced technology products and services in several growth markets. ITT Corp. has a market cap of $2.08 billion; its shares were traded at around $21.94 with a P/E ratio of 3.13 and P/S ratio of 0.98. The dividend yield of ITT Corp. stocks is 1.66%. GuruFocus rated ITT Corp. the business predictability rank of 4-star.

ITT recently reported its 2011 results. The company announced that in 2011, revenue was up 11% to $2.1 billion, with strong growth in emerging markets.

David Dreman bought 1,531,519 shares in the quarter that ended on 12/31/2011, which is 0.67% of the $4.42 billion portfolio of Dreman Value Management. Jean-Marie Eveillard owns 30,850 shares as of 12/31/2011, which accounts for 0.0026% of the $22.79 billion portfolio of First Eagle Investment Management LLC. James Barrow owns 6,506,226 shares as of 12/31/2011, which accounts for 0.27% of the $46.16 billion portfolio of Barrow, Hanley, Mewhinney & Strauss.

Executive Vice President, Strategy Aris C. Chicles sold 42,978 shares of ITT stock on 03/23/2012 at the average price of $22.62. Aris C. Chicles owns at least 73,450 shares after this. The price of the stock has decreased by 3.01% since.

Nokia Cp-Adr A (NOK): Down 37% Since Bruce Kovner Bought in the Quarter Ended on 2011-12-31

Bruce Kovner added to his holdings in Telecommunications Equipment company Nokia Cp-adr A by 26.39% during the quarter ended 12/31/2011. His purchase prices were between $4.51 and $7.31, with an estimated average price of $5.88. Since then the prices of Nokia Cp-Adr A shares have declined by -37% from the estimated average. Bruce Kovner owned 463,667 shares of as of 12/31/2011.

Nokia is the world leader in mobile communications. Nokia Cp-adr A has a market cap of $13.86 billion; its shares were traded at around $3.71 with a P/E ratio of 37 and P/S ratio of 0.28. The dividend yield of Nokia Cp-adr A stocks is 11.12%.

Nokia recently reported its Q1 2012 interim report. Net sales for the quarter were 7.4 billion euro, compared to 10.4 billion euro for the first quarter of 2011. Commenting on the first-quarter results, Stephen Elop, Nokia CEO, said: "We are navigating through a significant company transition in an industry environment that continues to evolve and shift quickly. Over the last year we have made progress on our new strategy, but we have faced greater than expected competitive challenges.”

Brian Rogers bought 7,500,000 shares in the quarter that ended on 03/31/2012, which is 0.18% of the $22.72 billion portfolio of T Rowe Price Equity Income Fund. Charles Brandes owns 365,233 shares as of 12/31/2011, a decrease of 96.35% of from the previous quarter. This position accounts for 0.016% of the $10.87 billion portfolio of Brandes Investment. David Dreman sold out his holdings in the quarter that ended on 12/31/2011.

Iamgold Corp. (IAG): Down 36% Since Bruce Kovner Bought in the Quarter Ended on 2011-12-31

Bruce Kovner initiated holdings in Gold Mining company Iamgold Corp. during the quarter ended 12/31/2011. His purchase prices were between $15.2 and $23.09, with an estimated average price of $19.3. Since then the prices of Iamgold Corp. shares have declined by -36% from the estimated average. Bruce Kovner owned 56,117 shares of as of 12/31/2011.

IAMGOLD Corp. is an international gold exploration and mining company based in Canada. Iamgold Corp. has a market cap of $4.63 billion; its shares were traded at around $12.3 with a P/E ratio of 10.79 and P/S ratio of 2.76. The dividend yield of Iamgold Corp. stocks is 2.03%. Iamgold Corp. had an annual average earnings growth of 19% over the past 10 years.

IAG recently reported that the company generated a record $1.7 billion in revenues from continuing operations supported by an average realized gold price of $1,555 per ounce.

John Paulson owns 2,769,900 shares as of 12/31/2011, which accounts for 0.32% of the $13.88 billion portfolio of Paulson & Co.. David Dreman owns 162,325 shares as of 12/31/2011, which accounts for 0.058% of the $4.42 billion portfolio of Dreman Value Management. Jean-Marie Eveillard owns 8,463,892 shares as of 12/31/2011, which accounts for 0.59% of the $22.79 billion portfolio of First Eagle Investment Management LLC.

Education Management Corporation (EDMC): Down 42% Since Jeremy Grantham Bought in the Quarter Ended on 2011-12-31

Jeremy Grantham initiated holdings in Specialized Consumer Services company Education Management Corp. during the quarter ended 12/31/2011. His purchase prices were between $14.48 and $28.66, with an estimated average price of $20.95. Since then the prices of Education Management Corp. shares have declined by -42% from the estimated average. Jeremy Grantham owned 9,800 shares of as of 12/31/2011.

Education Management LLC provides post-secondary education in North America. Education Management Corp. has a market cap of $1.52 billion; its shares were traded at around $12.07 with a P/E ratio of 7.64 and P/S ratio of 0.53.

Joel Greenblatt owns 58,341 shares as of 12/31/2011, which accounts for 0.2% of the $829 million portfolio of Gotham Capital.

Director Joseph R. Wright Jr. bought 4,000 shares of EDMC stock on 11/29/2011 at the average price of $22.25. Joseph R. Wright Jr. owns at least 8,769 shares after this. The price of the stock has decreased by 45.75% since. Other insiders reduced their positions in the company.

Rating: 3.8/5 (4 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