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Guru Stocks At 52-Week Low: Medtronic Inc, FedEx Corp, Electronic Data Systems Corp, Boston Scientific Corp, SLM Corp.

November 19, 2007 | About:
Daily Reckoning

Our 52-week low list can be a great place to find out-of-favor sectors and undervalued stocks that are owned by value Gurus. Last week's largest five stocks that have reached their 52-week low are Medtronic Inc, FedEx Corp, Electronic Data Systems Corp, Boston Scientific Corp, and SLM Corp.

This week's top two out of favor industries are the Banking and Construction and Materials Industries. Of the stocks in the Banking Industry, 69 have reached their 52-week low, and 11 have reached their 52-week high, giving the Banking Industry a high-low ratio of 6.27. Of the stocks in the Construction and Materials Industry, 7 have reached their 52-week low and 2 have reached their 52-week high, giving the Media Industry a high-low ratio of 3.5.

Medtronic Inc. (MDT) Reached the 52-Week Low of $45.52

The prices of Medtronic Inc. (MDT) shares have declined to close to 52-week low of $45.52, which is 22.3% off the 52-week high of $57.99. Medtronic Inc. is owned by 6 Gurus we are tracking. Among them, 2 have added to their positions during the past quarter. 1 reduced their position.

Medtronic, Inc. engages in the development, manufacture, and marketing of medical devices worldwide. The company's Cardiac Rhythm Disease Management segment offers implantable devices, leads, ablation products, and electrophysiology catheters. Medtronic Inc. has a market cap of $51.91 billion; its shares were traded at around $45.77 with P/E ratio of 18.43 and P/S ratio of 4.19. The dividend yield of Medtronic Inc. stocks is 1.1%.

Medtronic said the recall of certain Sprint Fidelis models would reduce second-quarter revenue by $150 million to $250 million. In October it was targeted by a patient lawsuit claiming emotional distress. These news has hit the share prices of Medtronic Inc.

Gurus' Positions with MDT

Medtronic Inc. is owned by 6 Gurus.

1 Guru Initiated Positions in MDT: George Soros bought 4,304 shares in the quarter ended 06/30/2007, which is 0.01% of the $3.15 billion portfolio of Soros Fund Management LLC.

4 Gurus Kept Positions in MDT Unchanged or Slightly Adjusted: Kenneth Fisher owns 383,732 shares as of 06/30/2007, which accounts for 0.06% of the $37.1 billion portfolio of Fisher Asset Management, LLC. Edward Owens owns 12,614,900 shares as of 09/30/2007, which accounts for 2.82% of the $25.21 billion portfolio of Vanguard Health Care Fund. Bill Nygren owns 1,850,000 shares as of 06/30/2007, which accounts for 1.65% of the $5.8 billion portfolio of Oak Mark Fund.

1 Guru Reduced Positions in MDT:

Jean-Marie Eveillard owns 10,000 shares as of 06/30/2007, a decrease of 96.99% of from the previous quarter. This position accounts for less than 0.01% of the $14.39 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.

Director Jack W Schuler bought 20,000 shares of MDT stock on 08/23/2007 at the average price of $52.58; the price of the stock has decreased by 12.95% since. There were a number of executive selling.

FedEx Corp. (FDX) Reached the 52-Week Low of $94.05

The prices of FedEx Corp. (FDX) shares have declined to close to 2-year low of $94.05, which is 22.9% off the 52-week high of $121.42. FedEx Corp. is owned by 8 Gurus we are tracking. Among them, 6 have added to their positions during the past quarter. 2 reduced their positions.

FedEx Corporation, together with its subsidiaries, provides transportation, e-commerce, and business services. It operates in four segments: FedEx Express, FedEx Ground, FedEx Freight, and FedEx Kinko's. FedEx Corp. has a market cap of $29.94 billion; its shares were traded at around $96.8 with P/E ratio of 14.82 and P/S ratio of 0.87. The dividend yield of FedEx Corp. stocks is 0.4%.

Rising fuel costs and flat freight volumes forced FedEx Corp. to lower its profit forecast for the current quarter and the full year. FedEx corp. said the economic slowdown continued weak U.S. housing market and high energy prices would lower its results. Matters have grown worse in the following weeks, as FedEx's fuel expense has jumped 8.8%, or $85 million, since September.

Gurus' Positions with FDX

FedEx Corp. is owned by 8 Gurus. 2 Gurus Initiated Positions in FDX. Bill Nygren bought 750,000 shares in the quarter ended 06/30/2007, which is 1.43% of the $5.8 billion portfolio of Oak Mark Fund. Ron Baron bought 36,100 shares in the quarter ended 06/30/2007, which is 0.02% of the $19.54 billion portfolio of Baron Funds.

6 Gurus Kept Positions in FDX Unchanged or Slightly Adjusted. Among them Mark Hillman owns 305,035 shares as of 06/30/2007, which accounts for 4.08% of the $830 million portfolio of Hillman Capital Management. Dodge & Cox owns 21,894,457 shares as of 09/30/2007, which accounts for 1.68% of the $136.79 billion portfolio of Dodge & Cox. Mason Hawkins owns 7,657,771 shares as of 09/30/2007, which accounts for 2.24% of the $35.76 billion portfolio of Southeastern Asset Management.

Insiders' Positions with FDX

  • President & CEO - FedEx Ground David F Rebholz sold 9,800 shares of FDX stock on 08/14/2007 at the average price of $109.08, the price of the stock has decreased by 11.26% since.
  • President/CEO/FedEx Freight Douglas G Duncan sold 64,773 shares of FDX stock on 07/12/2007 at the average price of $113.9, the price of the stock has decreased by 15.01% since.

Electronic Data Systems Corp. (EDS) Reached the 52-Week Low of $19.75

The prices of Electronic Data Systems Corp. (EDS) shares have declined to close to 52-week low of $19.75, which is 34.8% off the 52-week high of $29.95. Electronic Data Systems Corp. is owned by 6 Gurus we are tracking. Among them, 2 have added to their positions during the past quarter. 4 reduced their positions.

Electronic Data Systems Corporation delivers a portfolio of information technology and business process outsourcing services worldwide. The company offers infrastructure services, such as hosting, workplace (desktop), storage, and security and privacy. Electronic Data Systems Corp. has a market cap of $10.11 billion; its shares were traded at around $19.75 with P/E ratio of 14.06 and P/S ratio of 0.46. The dividend yield of Electronic Data Systems Corp. stocks is 1%.

Gurus' Positions with EDS

Electronic Data Systems Corp. is owned by 6 Gurus.

1 Guru Increased Positions in EDS: George Soros owns 17,837 shares as of 06/30/2007, an increase of 22.31% from the previous quarter. This position accounts for 0.02% of the $3.15 billion portfolio of Soros Fund Management LLC.

4 Gurus Kept Positions in EDS Unchanged or Slightly Adjusted: HOTCHKIS & WILEY owns 51,219,850 shares as of 06/30/2007, which accounts for 4.28% of the $33.15 billion portfolio of HOTCHKIS & WILEY Capital Managment LLC. Charles Brandes owns 18,118,287 shares as of 09/30/2007, which accounts for 0.72% of the $54.85 billion portfolio of Brandes Investment. Dodge & Cox owns 62,556,034 shares as of 09/30/2007, which accounts for 1% of the $136.79 billion portfolio of Dodge & Cox. Tweedy Browne owns 466,094 shares as of 09/30/2007, which accounts for 0.39% of the $2.62 billion portfolio of Tweedy Browne CO LLC.

1 Guru Reduced Positions in EDS: David Dreman owns 1,365 shares as of 06/30/2007, a decrease of 98.22% of from the previous quarter. This position accounts for less than 0.01% of the $19.55 billion portfolio of Dreman Value Management.

Boston Scientific Corp. (BSX) Reached the 5-yeaer Low of $12.1

The prices of Boston Scientific Corp. (BSX) shares have declined to close to 52-week low of $12.1, which is 35.9% off the 52-week high of $18.69. Boston Scientific Corp. is owned by 6 Gurus we are tracking. Among them, 5 have added to their positions during the past quarter. 3 reduced their positions.

Boston Scientific Corporation engages in the development, manufacture, and marketing of medical devices that are used in interventional medical specialties worldwide. Boston Scientific Corp. has a market cap of $18.04 billion; its shares were traded at around $12.1 with P/E ratio of 74.69 and P/S ratio of 2.26.

Boston Scientific Corp. is trying to reduce costs by about $525 million next year, after droopling sales of medical supplies including /stents and defibrillators.

Gurus' Positions with BSX

Boston Scientific Corp. is owned by 6 Gurus. Robert Olstein bought 1,614,600 shares in the quarter ended 06/30/2007, which is 1.29% of the $1.92 billion portfolio of Olstein Financial Alert Fund.

3 Gurus Increased Positions in BSX: Dodge & Cox owns 76,975,602 shares as of 09/30/2007, an increase of 95.11% from the previous quarter. This position accounts for 0.79% of the $136.79 billion portfolio of Dodge & Cox. Richard Pzena owns 290,975 shares as of 09/30/2007, an increase of 46.4% from the previous quarter. This position accounts for 0.02% of the $26081.36 billion portfolio of Pzena Investment Management LLC.

2 Gurus Kept Positions in BSX Unchanged or Slightly Adjusted: Arnold Schneider owns 1,899,375 shares as of 06/30/2007, which accounts for 0.67% of the $4.37 billion portfolio of Schneider Capital Management. Charles Brandes owns 81,227,640 shares as of 09/30/2007, which accounts for 2.07% of the $54.85 billion portfolio of Brandes Investment.

1 Guru Reduced Positions in BSX: Brian Rogers owns 4,000,000 shares as of 09/30/2007, a decrease of 24.53% of from the previous quarter. This position accounts for 0.22% of the $23.8 billion portfolio of T Rowe Price Equity Income Fund.

2 Gurus Sold Out BSX: Richard Snow and David Dreman both sold out their holdings in the quarter ending 09/30/2007.

There were no insider buys for BSX.

SLM Corp. (SLM) Reached the 52-Week Low of $39.05

The prices of SLM Corp. (SLM) shares have declined to close to 52-week low of $39.05, which is 33.6% off the 52-week high of $58. SLM Corp. is owned by 6 Gurus we are tracking. Among them, 2 have added to their positions during the past quarter. 4 reduced their positions.

SLM Corporation, through its subsidiaries, provides education finance in the United States. It originates and holds student loans by providing funding, delivery, and servicing support for education loans. SLM Corp. has a market cap of $16.17 billion; its shares were traded at around $39.05 with P/E ratio of 22.61 and P/S ratio of 5.74. The dividend yield of SLM Corp. stocks is 2.6%.

Gurus' Positions with SLM

SLM Corp. is owned by 6 Gurus. Michael Price owns 315,000 shares as of 09/30/2007, an increase of 46.51% from the previous quarter. This position accounts for 2.66% of the $588 million portfolio of MFP Investors LLC.

3 Gurus Kept Positions in SLM Unchanged or Slightly Adjusted: Irving Kahn owns 6,300 shares as of 06/30/2007, which accounts for 0.05% of the $709 million portfolio of Kahn Brothers & Company Inc. David Dreman owns 67,280 shares as of 06/30/2007, which accounts for 0.02% of the $19.55 billion portfolio of Dreman Value Management. Dodge & Cox owns 13,013,200 shares as of 09/30/2007, which accounts for 0.47% of the $136.79 billion portfolio of Dodge & Cox.

1 Guru Reduced Positions in SLM: Seth Klarman owns 1,415,000 shares as of 09/30/2007, a decrease of 67.09% of from the previous quarter. This position accounts for 7.35% of the $955 million portfolio of The Baupost Group. Wallace Weitz sold out his holdings in the quarter ended 09/30/2007.

Insiders' Positions with SLM

There were no insider buys as of recent. Director Ronald F Hunt sold 32,446 shares of SLM stock on 06/01/2007 at the average price of $56.31, the price of the stock has decreased by 30.65% since. Director Gilleland Diane Suitt sold 44,521 shares of SLM stock on 05/31/2007 at the average price of $56.19, the price of the stock has decreased by 30.5% since.


Rating: 3.6/5 (15 votes)

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