As the housing and credit crisis continues to fester, Feds made a 0.75 point rate cut to alleviate the economic woes. These stocks have declined significantly after Gurus bought: SLM Corp. (SLM, Financial), Fannie Mae (FNM, Financial), Capital One Financial Corp. (COF, Financial), HarleyDavidson Inc. (HOG, Financial), Alliance Data Systems Corp. (ADS, Financial).
SLM Corp. (SLM): Down 49% Since Brian Rogers Bought In the Last Quarter of 2007
The shares of SLM Corporation are at a seven-year-low. SLM Corporation’s Sallie Mae, student loan provider, lost $1.6 billion for the fourth quarter, compared to the previous 2006 fourth quarter profit of $18 million, or $0.02 per share. Overall for the full year, the company netted a loss of $896.4 million, or $2.26 per share, compared to a profit of $1.15 billion, or $2.63 in 2006. Company representatives stated that less enrollment, and graduation rates in 4-year colleges will cut loans with Sallie Mae.
Brian Rogers bought 5,910,400 shares between $19.65 and $48.45. While three other gurus increased their SLM holdings—David Tepper, Jean-Marie Eveillard, and Michael Price, three gurus sold out of all their SLM holdings—George Soros, Wallace Weitz, and David Dreman.
Large insider sells were made on 12/14/07 by Chairman & CEO, Director Albert L. Lord, and Director Charles L. Daley, who sold a total of 1,265,401 shares, and 80,023 shares, respectively. The CEO and director made their sells between $26.99 and $27.85.
SLM Corp. has a market cap of $8.26 billion; its shares were traded at around $19.02 with a P/E ratio of 11.55 and P/S ratio of 2.88. The dividend yield of SLM Corp. stocks is 1.9%.
Fannie Mae (FNM): Down 29% Since Brian Rogers Bought In the Last Quarter of 2007
This Wednesday, the largest government-backed mortgage lender, Fannie Mae, sold $4 billion in 3-mo bills at $2.8%, and $2 billion in 6-mo bills at 2.58%. Analysts predict that Freddie and Fannie will write-down $16 billion from sub-prime mortgages. FNM reported a third quarter loss of $1.52 billion simultaneously when Freddie reported a $2 billion loss. On Tuesday, Fannie shares rose 4.1% from the Fed rate cut. Congress is currently trying to push forward a stimulus package that will raise the current $417,000 maximum FHA loan limit to $725,000.
As Brian Rogers and David Dreman upped their Fannie Mae holdings, George Soros, Ruane Cunniff, and Ken Heebner sold out theirs.
Since November, Insider buys were made between $27.95 and $32.96: Director John C. Sites Jr bought 5,500 shares; Director Bridget Macaskill, President & CEO, Director Daniel H. Mudd, Director Leslie Rahl, and EVP and Chief Business Officer Robert J. Levin each bought 5,000 shares; EVP & CFO Stephen M. Swad, Executive VP & CRO Enrico Dallavecchia, and EVP & General Counsel Beth Wilkinson each bought 3,000 shares; SVP & Controller David C. Hisey bought 2,610 shares, and lastly, EVP & COO Michael J. Williams bought 1,000 shares.
Fannie Mae is the larger government-chartered housing finance company compared to Freddie Mac. The company bought & packaged loans to sell as bonds. Fannie Mae has a market cap of $32.07 billion; its shares were traded at around $32.09 with a P/E ratio of 19.84 and P/S ratio of 6.25. The dividend yield of Fannie Mae stocks is 6.2%.
Capital One Financial Corp. (COF): Down 28% Since Brian Rogers Bought In the Last Quarter of 2007
Capital One Financial Corporation (COF) announced their fourth quarter earnings to drop by 42% to $226.6 million, or $0.60 per share. For the fourth quarter, the company’s GreenPoint Mortgage unit took a $95 million charge related to shutdown, as 2,000 employees were laid-off.
Brian Rogers purchased his 1,750,000 shares between $46.57 and $70.85. Richard Pzena, Bill Nygren, and Dodge & Cox added to their COF holdings. David Dreman and Ronald Muhlenkamp reduced their shares of COF. Kenneth Fisher, Chris Davis, Ruane Cunniff, Bill Miller, and Robert Olstein still kept their COF holdings.
Two insider buys were made by Director Ann F. Hackett, who bought 11,000 shares at $52, and Director Pierre E. Leroy, who bought 2,400 shares at $62.16. Insider sells since August of 2007: Chief Information Officer Gregor Bailar sold a total of 152,612 shares between $62.21 and $70.21; Chairman, CEO and President Richard D. Fairbank sold a total of 43,022 shares around $64; Chief Risk Officer Peter A. Schnall sold 7,158 shares at $66.24 to $74.47; and lastly, Pdt, Global Financial Services Larry A. Klane sold 4,414 shares at $56.26 to $74.19.
Capital One Financial Corp. has a market cap of $19.62 billion; its shares were traded at around $39.81 with a P/E ratio of 10.42 and P/S ratio of 1.68. The dividend yield of Capital One Financial Corp. stocks is 0.3%.
HarleyDavidson Inc. (HOG): Down 23% Since Brian Rogers Bought In the Last Quarter of 2007
The Harley-Davidson, Inc. (HOG) fourth quarter profit is down 26%, as domestic sales drop by 14%. The quarterly revenue was $1.39 billion, down by 7.7% from the previous year; also, earnings dropped to $186.1 million or $0.78, compared to $252.4 million and $0.97 a share. For the full year of 2007, revenue was $5.73 billion and earnings were $3.74 a share. The company has bought back 20.4 million shares at $1.15 billion for 2007. Chief Executive Ziemer stated that sales will continue to be slow for the coming year as oil prices rise for consumers, and international motorbike companies competes for sales.
Brian Rogers currently owns 2,985,000 shares, which were purchased at $44.67 to $49.76. Robert Olstein, Bill Nygren, Chris Davis, and Ronald Muhlenkamp also kept their HOG share. Both Ruane Cunniff and Tom Gayner sold out of Harley Davidson holdings since the third quarter ended on 09/30/07.
Director Donald A. James bought 100,000 shares on 11/15/07 at $48.88.
HarleyDavidson Inc. has a market cap of $9.32 billion; its shares were traded at around $36.85 with a P/E ratio of 9.82 and P/S ratio of 1.55. The dividend yield of HarleyDavidson Inc. stocks is 3.2%.
Alliance Data Systems Corp. (ADS): Down 23% Since Martin Whitman Bought In the Quarter Ended In 10/31/07
The credit card service provider, Alliance Data Systems Corporation (ADS), reaffirmed their partnership with Blackstone Group LP and its agreement for a $7.8 billion acquisition. The company expects its 2007 earnings to be $3.70 a share with a $2.3 billion in revenue.
Martin Whitman bought 1,486,200 shares averaged around $77.90. David Tepper and Ruane Cunniff also own ADS holdings.
Alliance Data Systems Corp. has a market cap of $5.17 billion; its shares were traded at around $60.29 with a P/E ratio of 31.37 and P/S ratio of 2.39.
SLM Corp. (SLM): Down 49% Since Brian Rogers Bought In the Last Quarter of 2007
The shares of SLM Corporation are at a seven-year-low. SLM Corporation’s Sallie Mae, student loan provider, lost $1.6 billion for the fourth quarter, compared to the previous 2006 fourth quarter profit of $18 million, or $0.02 per share. Overall for the full year, the company netted a loss of $896.4 million, or $2.26 per share, compared to a profit of $1.15 billion, or $2.63 in 2006. Company representatives stated that less enrollment, and graduation rates in 4-year colleges will cut loans with Sallie Mae.
Brian Rogers bought 5,910,400 shares between $19.65 and $48.45. While three other gurus increased their SLM holdings—David Tepper, Jean-Marie Eveillard, and Michael Price, three gurus sold out of all their SLM holdings—George Soros, Wallace Weitz, and David Dreman.
Large insider sells were made on 12/14/07 by Chairman & CEO, Director Albert L. Lord, and Director Charles L. Daley, who sold a total of 1,265,401 shares, and 80,023 shares, respectively. The CEO and director made their sells between $26.99 and $27.85.
SLM Corp. has a market cap of $8.26 billion; its shares were traded at around $19.02 with a P/E ratio of 11.55 and P/S ratio of 2.88. The dividend yield of SLM Corp. stocks is 1.9%.
Fannie Mae (FNM): Down 29% Since Brian Rogers Bought In the Last Quarter of 2007
This Wednesday, the largest government-backed mortgage lender, Fannie Mae, sold $4 billion in 3-mo bills at $2.8%, and $2 billion in 6-mo bills at 2.58%. Analysts predict that Freddie and Fannie will write-down $16 billion from sub-prime mortgages. FNM reported a third quarter loss of $1.52 billion simultaneously when Freddie reported a $2 billion loss. On Tuesday, Fannie shares rose 4.1% from the Fed rate cut. Congress is currently trying to push forward a stimulus package that will raise the current $417,000 maximum FHA loan limit to $725,000.
As Brian Rogers and David Dreman upped their Fannie Mae holdings, George Soros, Ruane Cunniff, and Ken Heebner sold out theirs.
Since November, Insider buys were made between $27.95 and $32.96: Director John C. Sites Jr bought 5,500 shares; Director Bridget Macaskill, President & CEO, Director Daniel H. Mudd, Director Leslie Rahl, and EVP and Chief Business Officer Robert J. Levin each bought 5,000 shares; EVP & CFO Stephen M. Swad, Executive VP & CRO Enrico Dallavecchia, and EVP & General Counsel Beth Wilkinson each bought 3,000 shares; SVP & Controller David C. Hisey bought 2,610 shares, and lastly, EVP & COO Michael J. Williams bought 1,000 shares.
Fannie Mae is the larger government-chartered housing finance company compared to Freddie Mac. The company bought & packaged loans to sell as bonds. Fannie Mae has a market cap of $32.07 billion; its shares were traded at around $32.09 with a P/E ratio of 19.84 and P/S ratio of 6.25. The dividend yield of Fannie Mae stocks is 6.2%.
Capital One Financial Corp. (COF): Down 28% Since Brian Rogers Bought In the Last Quarter of 2007
Capital One Financial Corporation (COF) announced their fourth quarter earnings to drop by 42% to $226.6 million, or $0.60 per share. For the fourth quarter, the company’s GreenPoint Mortgage unit took a $95 million charge related to shutdown, as 2,000 employees were laid-off.
Brian Rogers purchased his 1,750,000 shares between $46.57 and $70.85. Richard Pzena, Bill Nygren, and Dodge & Cox added to their COF holdings. David Dreman and Ronald Muhlenkamp reduced their shares of COF. Kenneth Fisher, Chris Davis, Ruane Cunniff, Bill Miller, and Robert Olstein still kept their COF holdings.
Two insider buys were made by Director Ann F. Hackett, who bought 11,000 shares at $52, and Director Pierre E. Leroy, who bought 2,400 shares at $62.16. Insider sells since August of 2007: Chief Information Officer Gregor Bailar sold a total of 152,612 shares between $62.21 and $70.21; Chairman, CEO and President Richard D. Fairbank sold a total of 43,022 shares around $64; Chief Risk Officer Peter A. Schnall sold 7,158 shares at $66.24 to $74.47; and lastly, Pdt, Global Financial Services Larry A. Klane sold 4,414 shares at $56.26 to $74.19.
Capital One Financial Corp. has a market cap of $19.62 billion; its shares were traded at around $39.81 with a P/E ratio of 10.42 and P/S ratio of 1.68. The dividend yield of Capital One Financial Corp. stocks is 0.3%.
HarleyDavidson Inc. (HOG): Down 23% Since Brian Rogers Bought In the Last Quarter of 2007
The Harley-Davidson, Inc. (HOG) fourth quarter profit is down 26%, as domestic sales drop by 14%. The quarterly revenue was $1.39 billion, down by 7.7% from the previous year; also, earnings dropped to $186.1 million or $0.78, compared to $252.4 million and $0.97 a share. For the full year of 2007, revenue was $5.73 billion and earnings were $3.74 a share. The company has bought back 20.4 million shares at $1.15 billion for 2007. Chief Executive Ziemer stated that sales will continue to be slow for the coming year as oil prices rise for consumers, and international motorbike companies competes for sales.
Brian Rogers currently owns 2,985,000 shares, which were purchased at $44.67 to $49.76. Robert Olstein, Bill Nygren, Chris Davis, and Ronald Muhlenkamp also kept their HOG share. Both Ruane Cunniff and Tom Gayner sold out of Harley Davidson holdings since the third quarter ended on 09/30/07.
Director Donald A. James bought 100,000 shares on 11/15/07 at $48.88.
HarleyDavidson Inc. has a market cap of $9.32 billion; its shares were traded at around $36.85 with a P/E ratio of 9.82 and P/S ratio of 1.55. The dividend yield of HarleyDavidson Inc. stocks is 3.2%.
Alliance Data Systems Corp. (ADS): Down 23% Since Martin Whitman Bought In the Quarter Ended In 10/31/07
The credit card service provider, Alliance Data Systems Corporation (ADS), reaffirmed their partnership with Blackstone Group LP and its agreement for a $7.8 billion acquisition. The company expects its 2007 earnings to be $3.70 a share with a $2.3 billion in revenue.
Martin Whitman bought 1,486,200 shares averaged around $77.90. David Tepper and Ruane Cunniff also own ADS holdings.
Alliance Data Systems Corp. has a market cap of $5.17 billion; its shares were traded at around $60.29 with a P/E ratio of 31.37 and P/S ratio of 2.39.
