Weekly Guru Bargains Highlights: GG, ABX, GFI, PAY, TFM

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Apr 14, 2013
According to GuruFocus updates, these stocks have declined the most since Gurus bought them.

Goldcorp, Inc. (GG, Financial): Down 28% Since John Hussman Bought Quarter Ended Dec. 31, 2012

John Hussman added to his holdings in the gold mining company Goldcorp, Inc. (GG) by 300% during the quarter ended Dec. 31, 2012. His purchase price was between $35.2 and $46.25, with an estimated average price of $40.99. Since then the price of Goldcorp, Inc. shares has declined by 28% from the estimated average. John Hussman owned 1,000,000 shares as of Dec. 31, 2012.

Goldcorp, Inc. was incorporated in the Province of Ontario. Goldcorp, Inc. has a market cap of $24.09 billion; its shares were traded at around $29.68 with a P/E ratio of 15.2207 and a P/S ratio of 4.44. The dividend yield of Goldcorp, Inc. stocks is 1.87%. Goldcorp, Inc. had an annual average earnings growth of 19% over the past 10 years. GuruFocus rated Goldcorp, Inc. the business predictability rank of 4.5-star.

Goldcorp recently reported record fourth quarter gold production of 700,400 ounces compared to gold production of 687,900 ounces in the fourth quarter of 2011. Reported net earnings in the quarter were $504 million, or $0.62 per share, compared to $405 million, or $0.50 per share in the same period a year ago.

Ray Dalio bought 141,789 shares in the quarter that ended on Dec. 31, 2012, which is 0.053% of the $9.82 billion portfolio of Bridgewater Associates. Mario Gabelli owns 39,172 shares as of Dec. 31, 2012, which accounts for 0.011% of the $13.61 billion portfolio of GAMCO Investors. Jean-Marie Eveillard owns 11,152,441 shares as of Dec. 31, 2012, which accounts for 1.5% of the $28.07 billion portfolio of First Eagle Investment Management, LLC.

Barrick Gold Corporation (ABX, Financial): Down 38% Since John Hussman Bought Quarter Ended Dec. 31, 2012

John Hussman added to his holdings in the gold mining company Barrick Gold Corporation (ABX) by 484.62% during the quarter ended Dec. 31, 2012. His purchase price was between $33.27 and $42.19, with an estimated average price of $36.37. Since then the price of Barrick Gold Corporation shares has declined by 38% from the estimated average. John Hussman owned 1,900,000 shares as of Dec. 31, 2012.

Barrick Gold Corporation is a corporation governed by the Business Corporations Act (Ontario) resulting from the amalgamation, effective July 14, 1984 under the laws of the Province of Ontario, of Camflo Mines Limited, Bob-Clare Investments Limited and the former Barrick Resources Corporation. Barrick Gold Corporation has a market cap of $22.65 billion; its shares were traded at around $22.62 with a P/E ratio of 7.1 and a P/S ratio of 1.56. The dividend yield of Barrick Gold Corporation stocks is 3.54%.

ABX recently reported its fourth quarter 2012 financial results. The company reported a fourth quarter 2012 net loss of $3.06 billion ($3.06 per share), including a $4.2 billion after-tax impairment charge primarily related to the copper business unit. Adjusted net earnings were $1.11 billion ($1.11 per share).

Ray Dalio bought 170,290 shares in the quarter that ended on Dec. 31, 2012, which is 0.061% of the $9.82 billion portfolio of Bridgewater Associates. John Paulson owns 915,000 shares as of Dec. 31, 2012, which accounts for 0.2% of the $16.27 billion portfolio of Paulson & Co.. NWQ Managers owns 6,225,187 shares as of Dec. 31, 2012, which accounts for 1.8% of the $12.15 billion portfolio of NWQ Investment Management Co. Scott Black owns 36,873 shares as of Dec. 31, 2012, which accounts for 0.19% of the $681 million portfolio of Delphi Management, Inc..



Gold Fields Ltd. (GFI, Financial): Down 44% Since John Hussman Bought Quarter Ended Dec. 31, 2012


John Hussman added to his holdings in the gold mining company Gold Fields Ltd. (GFI) by 66.67% during the quarter ended Dec. 31, 2012. His purchase price was between $11.32 and $13.02, with an estimated average price of $12.06. Since then the price of Gold Fields Ltd. shares has declined by 44% from the estimated average. John Hussman owned 1,250,000 shares of as of Dec. 31, 2012.

Gold Fields Ltd. (GFI) was originally incorporated in South Africa. Gold Fields Ltd. has a market cap of $4.95 billion; its shares were traded at around $6.79 with a P/E ratio of 5.6625 and a P/S ratio of 1.18. The dividend yield of Gold Fields Ltd. stocks is 3.77%. Gold Fields Ltd. had an annual average earnings growth of 16.8% over the past 10 years.

John Burbank bought 3,394,316 shares in the quarter that ended on Dec. 31, 2012, which is 1.6% of the $2.59 billion portfolio of Passport Capital. John Hussman owns 1,250,000 shares as of Dec. 31, 2012, an increase of 66.67% from the previous quarter. This position accounts for 0.41% of the $3.8 billion portfolio of Hussman Econometrics Advisors.

Payce Consolidated Limited (PAY, Financial): Down 31% Since Manning & Napier Advisors, Inc. Bought Quarter Ended Dec. 31, 2012

Manning & Napier Advisors, Inc. initiated holdings in the computer hardware company VeriFone Systems, Inc. during the quarter ended Dec. 31, 2012. His purchase price was between $27.86 and $33.41, with an estimated average price of $30.59. Since then the price of Payce Consolidated Limited shares has declined by 31% from the estimated average. Manning & Napier Advisors, Inc owned 6,434,690 shares as of Dec. 31, 2012.

VeriFone Systems, Inc. formerly known as VeriFone Holdings Inc. was incorporated in the state of Delaware on June 13, 2002, in order to acquire VeriFone, Inc. Verifone Systems, Inc. has a market cap of $2.28 billion; its shares were traded at around $21.04 with a P/E ratio of 29.3255 and a P/S ratio of 1.21.

Leon Cooperman bought 1,258,273 shares in the quarter that ended on Dec. 31, 2012, which is 0.69% of the $5.45 billion portfolio of Omega Advisors. Joel Greenblatt bought 27,412 shares in the quarter that ended on Dec. 31, 2012, which is 0.047% of the $1.73 billion portfolio of Gotham Capital. Michael Price sold out his holdings in the same quarter.

Fresh Market, Inc. (TFM, Financial): Down 26% Since Manning & Napier Advisors, Inc Bought Quarter Ended Dec. 31, 2012

Manning & Napier Advisors, Inc. added to his holdings in the Broadline Retailers company Fresh Market, Inc. by 52.52% during the quarter ended Dec. 31, 2012. His purchase price was between $47.55 and $62.38, with an estimated average price of $55.60. Since then the price of Fresh Market, Inc. shares has declined by 26% from the estimated average. Manning & Napier Advisors, Inc owned 55,000 shares as of Dec. 31, 2012.

The Fresh Market was founded by Ray and Beverly Berry and opened its first store in Greensboro, North Carolina in 1982. Fresh Market, Inc. has a market cap of $1.99 billion; its shares were traded at around $41.21 with a P/E ratio of 30.9598 and a P/S ratio of 1.4975.

In the fourth quarter of fiscal 2012, net sales increased 15.3% to $369.9 million and comparable store sales increased 1.9%, compared to the corresponding 13-week period ended Jan. 29, 2012. Net income in the fourth quarter of fiscal 2012 was $20.6 million, compared to $18.3 million in the corresponding 13-week period in fiscal 2011.

Director Steven B. Tanger bought 1,000 shares of TFM stock on April 1, 2013 at the average price of $41.75. Steven B. Tanger owns at least 2,034 shares after this. The price of the stock has decreased by 1.29% since.