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Weekly Guru Bargains Highlights: SCCO, IBN, 03323, 02318, LFC

July 29, 2013 | About:

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

[/b] [b]Southern Copper Corporation (NYSE:SCCO): Down 27% Since Jeremy Grantham Bought in the Quarter Ended on 2013-03-31

Jeremy Grantham added to his holdings in Nonferrous Metals company Southern Copper Corporation by 95.64% during the quarter ended 03/31/2013. His purchase prices were between $35.74 and $41.96, with an estimated average price of $38.64. Since then the prices of Southern Copper Corporation shares have declined by -27% from the estimated average. Jeremy Grantham owned 1,386,700 shares of Southern Copper Corporation as of 03/31/2013.[/b]

Southern Copper Corporation was incorporated in Delaware in 1952 and has conducted copper mining operations since 1960. Southern Copper Corporation has a market cap of $23.49 billion; its shares were traded at around $28.13 with a P/E ratio of 13.18 and P/S ratio of 3.67. The dividend yield of Southern Copper Corporation stocks is 12.19%. Southern Copper Corporation had an annual average earnings growth of 14.2% over the past 10 years.

Southern Copper Corp. recently reported its second quarter and first six months of 2013 financial results. For the first half of 2013, net sales were $3,033.2 million, 12.5% lower than the company's net sales of $3,465.8 million for the first six months of 2012.

John Hussman bought 200,000 shares in the quarter that ended on 03/31/2013, which is 0.28% of the $2.72 billion portfolio of Hussman Economtrics Advisors. Ray Dalio bought 25,000 shares in the quarter that ended on 03/31/2013, which is 0.0085% of the $10.99 billion portfolio of Bridgewater Associates. Ken Fisher sold out his holdings in the quarter that ended on 06/30/2013.

Director Bonilla Luis Miguel Palomino sold 1,200 shares of SCCO stock on 05/07/2013 at the average price of 33.1. Bonilla Luis Miguel Palomino owns at least 3,429 shares after this. The price of the stock has decreased by 15.02% since.

[b]ICICI Bank Ltd. (NYSE:IBN): Down 22% Since Pioneer Investments Bought in the Quarter Ended on 2013-03-31


Pioneer Investments initiated holdings in Banks company ICICI Bank Ltd. during the quarter ended 03/31/2013. His purchase prices were between $40.12 and $47.76, with an estimated average price of $43.73. Since then the prices of ICICI Bank Ltd. shares have declined by -22% from the estimated average. Pioneer Investments owned 78,617 shares of ICICI Bank Ltd. as of 03/31/2013.

ICICI Bank offers a wide range of banking products and services to corporate and retail customers through a variety of delivery channels. Icici Bank Ltd has a market cap of $20.17 billion; its shares were traded at around $34.25 with a P/E ratio of 12.84 and P/S ratio of 2.60. The dividend yield of ICICI Bank Ltd. stocks is 1.95%. ICICI Bank Ltd. had an annual average earnings growth of 36.1% over the past 10 years.

Ron Baron owns 33,710 shares as of 03/31/2013, an increase of 14.89% from the previous quarter. This position accounts for 0.0079% of the $18.31 billion portfolio of Baron Funds. Andreas Halvorsen sold out his holdings in the quarter that ended on 03/31/2013.

China National Building Material Co. Ltd. (03323): Down 36% Since Signature Select Canadian Fund Bought in the Quarter Ended on 2013-03-31

Signature Select Canadian Fund initiated holdings in Banks company during the quarter ended 03/31/2013. His purchase prices were between $9.77 and $12.7, with an estimated average price of $11.73. Since then the prices of China National Building Material Co. Ltd. shares have declined by 36% from the estimated average. Signature Select Canadian Fund owned 2,273,000 shares of China National Building Material Co. Ltd. as of 03/31/2013.

Ping An Insurance Group (02318): Down 24% Since Matthews Pacific Tiger Fund Bought in the Quarter Ended on 2013-03-31

Matthews Pacific Tiger Fund added to his holdings in Banks company by 28.38% during the quarter ended 03/31/2013. His purchase prices were between $59.55 and $71, with an estimated average price of $65.95. Since then the prices of Ping An Insurance Group shares have declined by 24% from the estimated average. Matthews Pacific Tiger Fund owned 24,429,500 shares of Ping An Insurance Group as of 03/31/2013.

China Life Insurance Co. Ltd. (NYSE:LFC): Down 23% Since Jim Simons Bought in the Quarter Ended on 2013-03-31

Jim Simons initiated holdings in Life Insurance company China Life Insurance Co. Ltd. during the quarter ended 03/31/2013. His purchase prices were between $39.42 and $52.62, with an estimated average price of $46.98. Since then the prices of China Life Insurance Co. Ltd. shares have declined by 23% from the estimated average. Jim Simons owned 77,861 shares of China Life Insurance Co. Ltd. as of 03/31/2013.

China Life Insurance Company Ltd. was established in the People's Republic of China on June 30, 2003, as a joint stock company. China Life Insurance Co. Ltd. has a market cap of $67.74 billion; its shares were traded at around $36.21 with a P/E ratio of 26.95 and P/S ratio of 1.11. The dividend yield of China Life Insurance Co. Ltd. stocks is 0.84%. China Life Insurance Co. Ltd. had an annual average earnings growth of 3.1% over the past 10 years.


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