GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Treasure Hunting for Billionaire Bargains

August 09, 2013 | About:
Sally Jones

Sally Jones

49 followers
Who doesn’t like to find a a deal or a steal at bargain basement prices? These are just a few of the stocks that have decreased by 20% or more since billionaires made these buys in the first quarter of 2013, along with current financial news reported by the company for second quarter.

Check out the GuruFocus Guru Bargains feature to discover many more possible treasures.

Cenovus Energy Inc. (CVE) - Yield 3.20

Cenovus Energy Inc. (CVE) is down 13% over 12 months. The company has a market cap of $21.64 billion; its trades with a P/E ratio of 30.30 and P/S ratio of 1.30.

The company reported its second quarter 2013 financials with net earnings for the second quarter at $179 million compared with $397 million in the same quarter a year ago. The company’s total crude oil production volume is 171,127 barrels per day, compared to 155,566 a year ago in the same quarter.

Guru Lou Simpson increased his CVE position in the first quarter by 18.67%. He bought 435,100 shares at an average price of $32.61, for a loss of 12.2%. The current share price has dropped to $28.64.

Historical pricing:

1376007782352.png

Canon Inc. (CAJ) - Yield 2.40

Canon Inc. (CAJ) is down 6% over 12 months. The company has a market cap of $37.22 billion; it trades with a P/E ratio of 17.50 and P/S ratio of 1.00.

Canon Inc. reported a year on year increase of 3.2% in net sales for the six months ended June 30, 2013. The company’s gross profit ratio for the second quarter increased 0.5 points year on year to 49.4%, due to ongoing cost-cutting efforts along with the depreciation of the yen. Canon had an increase in second quarter operating profit by 6.2% or $993 million (USD) compared with the same quarter a year ago. Net income attributable to Canon Inc. increased by 28.6% to $672 million (USD) for the second quarter, according to a company press release.

Guru John Hussman increased his CAJ position in the first quarter by 83.33%%. He bought 2,200 shares at an average price of $35.33, for a loss of 8.62%. The current share price has dropped to $32.29.

Historical pricing:

1376007911541.png

Associated Estates Realty Corp. (AEC) - Yield 4.90

Associated Estates Realty Corp. is up 1% over 12 months. The company has a market cap of $764.39 million; it trades with a P/E ratio of 16.60 and P/S ratio of 4.10.

Associated Estates Realty Corporation is a real estate investment trust (REIT), headquartered in Richmond Heights, Ohio. The company’s portfolio consists of 52 properties containing 13,495 units located in 10 states.

Associated Estates Realty Corporation reported its financial results for the second quarter ended June 30, 2013 with a net income of $1.6 million, or $0.03 per common share (diluted), for the quarter ended June 30, 2013, compared to net income of $23.6 million, or $0.54 per common share (diluted), for the quarter ended June 30, 2012. Funds from operations for the second quarter were $0.31 per common share (diluted), compared to $0.32 per common share (diluted) for the same quarter a year ago. Net income in the second quarter of 2012 was driven primarily by $22.9 million of gains associated with the sale of five properties, according to a company press release. The company also reported 96.6% occupancy and acquired a 388-unit property in Florida.

Guru David Dreman bought a new holding for 343,333 shares in the first quarter. He bought shares at an average price of $17.10, for a loss of 12%. The current share price has dropped to $15.12.

Historical pricing:

1376008067830.png

HollyFrontier Corp. (HFC) - Yield 2.10

HollyFrontier Corp. is up 17% over 12 months. The company has a market cap of $9.23 billion; it trades with a P/E ratio of 5.10 and P/S ratio of 0.50.

HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. HollyFrontier operates through its subsidiaries a 135,000 barrels per stream day refinery located in El Dorado, Kansas, a 125,000 barrels per stream day refinery in Tulsa, Okla., a 100,000 barrels per stream day refinery located in Artesia, New Mexico, a 52,000 barrels per stream day refinery located in Cheyenne, Wy. and a 31,000 barrels per stream day refinery in Woods Cross, Utah.

Yesterday the company reported its second quarter net income of $257.0 million or $1.27 per diluted share for the quarter ended June 30, 2013, compared to $493.5 million or $2.39 per diluted share for the quarter ended June 30, 2012.

Guru John Keeley increased his position in the first quarter by 39.737%. He bought 2,050 shares at an average price of $51.51, for a loss of 11.8%. The current share price has dropped to $45.45.

Historical pricing:

1376008299697.png

If you are not a Premium Member, we invite you for a 7-day Free Trial.

GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

Check out the Guru Focus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders.

About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.0/5 (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
Email Hide