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Surfing for Billionaire Bargains

September 22, 2013 | About:
Sally Jones

Sally Jones

49 followers
Here’s an update on four companies using advanced and niche technology and science. These companies are backed by billionaire investors. The company stocks selected have decreased by 20% or more since billionaires bought them in the second quarter of 2013.

First up is a solar power company, First Solar:

First Solar Inc. (FSLR)

First Solar Inc. is up 86 % over 12 months. The company has a market cap of $3.81 billion; it trades with a P/E ratio of 10.30 and P/B ratio of 0.92.

Incorporated in 2006, First Solar Inc. manufactures and sells solar modules with an advanced thin film semiconductor technology. It also designs, constructs and sells photovoltaic (PV) solar power systems. The company’s solar modules employ a thin layer of semiconductor material to convert sunlight into electricity.

John Hussman made a new buy of 351,000 shares in the second quarter, buying at an average price of $44.50, for a loss of 12.3%. The current share price has dropped to $39.03.

Historical share pricing, revenue and net income:

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Myriad Genetics Inc. (MYGN)

Myriad Genetics Inc. is down 7% over 12 months. The company has a market cap of $2.02 billion; it trades with a P/E ratio of 14.20 and P/B ratio of 2.77.

Myriad Genetics Inc. is a molecular diagnostic company, engaged in the discovery and commercialization of transformative tests which assess a person's risk of developing disease, guide treatment decisions and assess the risk of disease progression and recurrence.

Guru Ronald Muhlenkamp made a new buy of 481,900 shares in the second quarter of 2013. He bought 481,900 shares at an average price of $28.98, for a loss of 13.4%. The current share price has dropped to $25.09, with a change from average of 13%.

Historical share pricing, revenue and net income:

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eMagin Corporation (EMAN)

eMagin Corporation is down 26% over 12 months. The company has a market cap of $72.07 million; it trades with a P/E ratio of 122.40 and P/B ratio of 2.02.

Incorporated in 1996, eMagin Corporation is a developer and manufacturer of optical systems and microdisplays for use in the electronics industry, including OLED (organic light emitting diode) on silicon microdisplays, virtual imaging products which utilize OLED microdisplays and other related products. The company's products are sold mainly in North America, Asia, and Europe.

Ronald Muhlenkamp increased his position in the second quarter by 435.55%. He bought 52,135 shares at an average price of $3.51, for a loss of 12.8%. The current share price has dropped to $3.06.

Historical share pricing, revenue and net income:

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Transocean Ltd. (RIG)

Transocean Ltd. is down 5% over 12 months. The company has a market cap of $16.24 billion; it trades with a P/E ratio of 23.40 and P/B ratio of 1.10.

Incorporated in Switzerland, Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells.

Ray Dalio made a new buy of 10,178 shares in the second quarter, buying at an average price of $50.97, for a loss of 11.6%. The current share price has dropped to $45.06.

Historical share pricing, revenue and net income:

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

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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: 3.8/5 (5 votes)

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