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: MBI, VRTX, GRPN, PBI, PC

December 16, 2012 | About:

GuruFocus

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

Mitsubishi Corporation (MBI): Down 22% Since Steven Cohen Bought in the Quarter Ended on 9-30-2012

Steven Cohen added to his holdings in Property & Casualty Insurance company MBIA Inc. by 1635.9% during the quarter ended 9/30/2012. His purchase prices were between $8.88 and $11.85, with an estimated average price of $10.47. Since then the prices of Mitsubishi Corp. shares have declined by 22% from the estimated average. Steven Cohen owned 137,969 shares of as of 9/30/2012.

MBIA Inc. was formed as a business corporation under the laws of the state of Connecticut in 1986. It has a market cap of $1.63 billion; its shares were traded at around $7.95 with a P/E ratio of 3.5 and P/S ratio of 1.82.

Prem Watsa owns 30,000 shares as of 9/30/2012, which accounts for 0.016% of the $1.85 billion portfolio of Fairfax Financial Holdings. Irving Kahn owns 2,940,741 shares as of 9/30/2012, which accounts for 5.3% of the $558 million portfolio of Kahn Brothers. Bruce Berkowitz owns 44,287,170 shares as of 9/30/2012, which accounts for 6.4% of the $7 billion portfolio of Fairholme Capital Management.

Vertex Pharmaceuticals (VRTX): Down 21% Since Daniel Loeb Bought in the Quarter Ended on 9-30-2012

Daniel Loeb added to his holdings in Biotechnology company Vertex Pharmaceuticals by 40% during the quarter ended 9/30/2012. His purchase prices were between $48.38 and $59.07, with an estimated average price of $53.50. Since then the prices of Vertex Pharmaceuticals shares have declined by 21% from the estimated average. Daniel Loeb owned 700,000 shares of as of 9/30/2012.

Vertex Pharmaceuticals was incorporated in Massachusetts in 1989. Vertex Pharmaceuticals has a market cap of $8.43 billion; its shares were traded at around $41.84 with a P/E ratio of 26.09 and P/S ratio of 5.98.

VRTX recently reported its third quarter 2012 financial results. Vertex reported total revenues of approximately $336 million for the third quarter of 2012.

David Williams bought 550,000 shares in the quarter that ended on 12/31/2011, which is 0.41% of the $4.48 billion portfolio of Columbia Value and Restructuring Fund. Daniel Loeb owns 700,000 shares as of 9/30/2012, an increase of 40% from the previous quarter. This position accounts for 0.77% of the $5.07 billion portfolio of Third Point LLC. NWQ Managers owns 207,963 shares as of 9/30/2012, an increase of 10.13% from the previous quarter. This position accounts for 0.084% of the $13.88 billion portfolio of NWQ Investment Management Co.

Executive Vice President and CFO Ian F. Smith sold 6,042 shares of VRTX stock on 11/16/2012 at the average price of 41.26. Smith owns at least 23,311 shares after this. The price of the stock has increased by 1.41% since. Other insiders have also decreased their positions in the company.

Groupon Inc. (GRPN): Down 27% Since George Soros Bought in the Quarter Ended on 9-30-2012

George Soros initiated holdings in Specialty Retailers company Groupon Inc. during the quarter ended 9/30/2012. His purchase prices were between $4.15 and $9.51, with an estimated average price of $6.25. Since then the prices of Groupon Inc. shares have declined by 27% from the estimated average. George Soros owned 2,500,000 shares of as of 9/30/2012.

Groupon is incorporated in the state of Delaware. The group was founded in 2008. Groupon Inc. has a market cap of $3.06 billion; its shares were traded at around $4.93 with and P/S ratio of 1.88.

GRPN recently announced financial results for the quarter ended Sept. 30, 2012. Revenue increased 32% year-over-year to $568.6 million in the third quarter 2012, compared with $430.2 million in the third quarter 2011. Excluding the $26 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, revenue growth was 38% compared with third quarter 2011.

George Soros bought 2,500,000 shares in the quarter that ended on 9/30/2012, which is 0.19% of the $6.2 billion portfolio of Soros Fund Management LLC. Joel Greenblatt bought 77,453 shares in the quarter that ended on 9/30/2012, which is 0.025% of the $1.5 billion portfolio of Gotham Capital. John Burbank bought 56,723 shares in the quarter that ended on 9/30/2012, which is 0.012% of the $2.19 billion portfolio of Passport Capital. Lee Ainslie sold out his holdings in the quarter that ended on 9/30/2012.

CFO Jason Child sold 55,000 shares of GRPN stock on 7/31/2012 at the average price of 6.87. Jason Child owns at least 182,525 shares after this. The price of the stock has decreased by 28.24% since.

Pitney Bowes Inc. (PBI): Down 22% Since Chase Coleman Bought in the Quarter Ended on 09-30-2012

Chase Coleman initiated holdings in Electronic Office Equipment company Pitney Bowes Inc. during the quarter ended 9/30/2012. His purchase prices were between $12.91 and $15.27, with an estimated average price of $13.85. Since then the prices of Pitney Bowes Inc. shares have declined by 22% from the estimated average. Chase Coleman owned 150,000 shares of as of 9/30/2012.

Pitney Bowes Inc. was incorporated in the state of Delaware on April 23, 1920, as the Pitney Bowes Postage Meter Company. Pitney Bowes Inc. has a market cap of $2.19 billion; its shares were traded at around $10.67 with a P/E ratio of 5.2 and P/S ratio of 0.42. The dividend yield of Pitney Bowes Inc. stocks is 13.72%.

PBI recently reported its third quarter 2012 financial results. The company announced revenues of $1.2 billion, as well as adjusted EPS of 47 cents per share. GAAP earnings per share were 38 cents.

Joel Greenblatt owns 503,303 shares as of 9/30/2012, an increase of 93.23% from the previous quarter. This position accounts for 0.47% of the $1.5 billion portfolio of Gotham Capital. Dodge & Cox owns 2,741,382 shares as of 9/30/2012, which accounts for 0.049% of the $76.68 billion portfolio of Dodge & Cox. NWQ Managers owns 6,010,690 shares as of 9/30/2012, which accounts for 0.6% of the $13.88 billion portfolio of NWQ Investment Management Co.

Pirelli & C (PC): Down 23% Since Steven Cohen Bought in the Quarter Ended on 9-30-2012

Steven Cohen added to his holdings in Consumer Electronics company Panasonic Corporation by 24.91% during the quarter ended 9/30/2012. His purchase prices were between $6.19 and $8.05, with an estimated average price of $7.08. Since then the prices of Pirelli & C shares have declined by 23% from the estimated average. Steven Cohen owned 13,547 shares of as of 9/30/2012.

PC recently reported its financial results for the nine months ended Sept. 30, 2012. Revenues were 4,574.1 million euro, an increase of 7.2% compared with 4,265.8 million euro in September 2011.

Panasonic Corp., formerly known as Matsushita Electric Industrial Co. Panasonic Corporation has a market cap of $11.81 billion; its shares were traded at around $5.71 with and P/S ratio of 0.12. The dividend yield of Panasonic Corporation stocks is 1.08%. Panasonic Corporation had an annual average earnings growth of 3.3% over the past 10 years.

Dodge & Cox owns 29,026,188 shares as of 9/30/2012, which accounts for 0.25% of the $76.68 billion portfolio of Dodge & Cox.


Rating: 2.8/5 (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