The market was up about 1.8% last week. However, some previous 52-week low companies, such as General Electric, continue to reach new lows. Last week’s top stocks that reached their 52-week lows were Wachovia Corp, Regions Financial Corp, and Sears Holdings Corp.
Last week’s top two out of favor industries were the Travel/Leisure and Banking industries. 17 stocks in the Travel/Leisure industry reached their 52-week lows, while 1 reached its 52-week high, giving the Travel/Leisure industry a low/high ratio of 17. 53 stocks in the banking industry reached their 52-week lows, while 14 reached their 52-week highs, giving the banking industry a low/high ratio of 3.79.
For full details about guru stocks at 52-week lows and more information, click here: http://www.gurufocus.com/52weeklow.php.
Wachovia Corp. (WB, Financial) Reached the 52-Week Low of $23.8
The prices of Wachovia Corp. (WB) shares have declined to close the 52-week low of $23.8, which is 58.2% lower than its 52-week high of $56.9. Wachovia Corp. is owned by 11 Gurus we are tracking. Among them, 6 have added to their positions during the past quarter. 3 reduced their positions, 2 left them unchanged, a 1 sold out his holdings.
Wachovia Corporation provides financial services internationally. It has a market cap of $47.41 billion, a P/E ratio of 14.03 and a P/S ratio of 1.92. The dividend yield of Wachovia Corp. stocks is 5.9%.
Wachovia ousted its CEO Ken Thompson today. Its board referred to a series of setbacks, but paying $25 billion for Golden West Financial at the housing bubble's peak clearly led to the CEO's ouster.
Bill Miller bought 2,165,000 shares in the quarter that ended on 12/31/2007 . HOTCHKIS & WILEY owns 22,933,080 shares as of 03/31/2008 , an increase of 85.83% from the previous quarter. David Dreman owns 15,164,806 shares as of 03/31/2008 , which accounts for 2.81% of the $14.58 billion portfolio of Dreman Value Management. Chris Davis owns 17,180,128 shares as of 03/31/2008 , a decrease of 51.69% of from the previous quarter. John Keeley sold out his holdings in the quarter that ended on 03/31/2008 .
Director Lanty L. Smith bought 40,000 shares of WB stock on 02/07/2008 at the average price of $34.76; the price of the stock has decreased by 31.53% since.
Regions Financial Corp. (RF, Financial) Reached the 52-Week Low of $17.82
The prices of Regions Financial Corp. (RF) shares have declined to close the 52-week low of $17.82, which is 51.2% lower than its 52-week high of $36.66. Regions Financial Corp. is owned by 3 Gurus we are tracking. Among them, 1 has added to their positions during the past quarter. 2 reduced their positions.
Regions Financial Corporation operates as the holding company for Regions Bank that provides a range of commercial, retail, and mortgage banking services in the United States . It has a market cap of $12.38 billion; its shares were traded at around $17.82 with a P/E ratio of 9.98 and P/S ratio of 1.95. The dividend yield of Regions Financial Corp. stocks is 7.9%.
Famed contrarian Guru David Dreman recommended to buy Regions Financial Corp. (RF) during his latest Forbes column. He mentioned that RF’s “reserves appear adequate to prevent earnings from deteriorating much further, and it trades at nine times trailing earnings.”
Merrill Lynch has recently downgrade RF from neutral to sell. The company said that a larger-than-expected decline in housing prices would lead to higher residential and real estate losses for the company.
Richard Snow owns 357,281 shares as of 03/31/2008 , an increase of 48.58% from the previous quarter. David Dreman owns 415,170 shares as of 03/31/2008 . Richard Aster Jr. owns 32,900 shares as of 03/31/2008 , a decrease of 96.49% of from the previous quarter.
Director Lee J. Iii Styslinger bought 10,000 shares of RF stock on 05/21/2008 at the average price of $19.24; the price of the stock has decreased by 7.38% since.
Sears Holdings Corp. (SHLD) Reached the 52-Week Low of $84.72
The prices of Sears Holdings Corp. (SHLD) shares have declined to close the 52-week low of $84.72, which is 53.5% lower than its 52-week high of $182.11. Sears operates as a broadline retailer. It has a market cap of $11.21 billion; its shares were traded at around $84.72 with a P/E ratio of 14.85 and P/S ratio of 0.22.
Sears’ outlook has been lowered by S&P 500, caused by a first quarter loss for the company.
Sears Holdings Corp. is owned by 10 Gurus we are tracking. Among them, 5 have added to their positions during the past quarter, 2 initiated their positions, 2 left them unchanged, 1 reduced his positions, and 1 sold out his holdings.
George Soros bought 10,198 shares in the quarter that ended on 03/31/2008 . David Einhorn bought 1,150 shares in the quarter that ended on 03/31/2008 . Michael Price owns 362,816 shares as of 03/31/2008 , an increase of 47.44% from the previous quarter. Edward Lampert owns 65,639,184 shares as of 03/31/2008 . Third Avenue Management owns 25,000 shares as of 03/31/2008 , a decrease of 89.73% of from the previous quarter. Jean-Marie Eveillard sold out his holdings in the quarter that ended on 03/31/2008.
Last week’s top two out of favor industries were the Travel/Leisure and Banking industries. 17 stocks in the Travel/Leisure industry reached their 52-week lows, while 1 reached its 52-week high, giving the Travel/Leisure industry a low/high ratio of 17. 53 stocks in the banking industry reached their 52-week lows, while 14 reached their 52-week highs, giving the banking industry a low/high ratio of 3.79.
For full details about guru stocks at 52-week lows and more information, click here: http://www.gurufocus.com/52weeklow.php.
Wachovia Corp. (WB, Financial) Reached the 52-Week Low of $23.8
The prices of Wachovia Corp. (WB) shares have declined to close the 52-week low of $23.8, which is 58.2% lower than its 52-week high of $56.9. Wachovia Corp. is owned by 11 Gurus we are tracking. Among them, 6 have added to their positions during the past quarter. 3 reduced their positions, 2 left them unchanged, a 1 sold out his holdings.
Wachovia Corporation provides financial services internationally. It has a market cap of $47.41 billion, a P/E ratio of 14.03 and a P/S ratio of 1.92. The dividend yield of Wachovia Corp. stocks is 5.9%.
Wachovia ousted its CEO Ken Thompson today. Its board referred to a series of setbacks, but paying $25 billion for Golden West Financial at the housing bubble's peak clearly led to the CEO's ouster.
Bill Miller bought 2,165,000 shares in the quarter that ended on 12/31/2007 . HOTCHKIS & WILEY owns 22,933,080 shares as of 03/31/2008 , an increase of 85.83% from the previous quarter. David Dreman owns 15,164,806 shares as of 03/31/2008 , which accounts for 2.81% of the $14.58 billion portfolio of Dreman Value Management. Chris Davis owns 17,180,128 shares as of 03/31/2008 , a decrease of 51.69% of from the previous quarter. John Keeley sold out his holdings in the quarter that ended on 03/31/2008 .
Director Lanty L. Smith bought 40,000 shares of WB stock on 02/07/2008 at the average price of $34.76; the price of the stock has decreased by 31.53% since.
Regions Financial Corp. (RF, Financial) Reached the 52-Week Low of $17.82
The prices of Regions Financial Corp. (RF) shares have declined to close the 52-week low of $17.82, which is 51.2% lower than its 52-week high of $36.66. Regions Financial Corp. is owned by 3 Gurus we are tracking. Among them, 1 has added to their positions during the past quarter. 2 reduced their positions.
Regions Financial Corporation operates as the holding company for Regions Bank that provides a range of commercial, retail, and mortgage banking services in the United States . It has a market cap of $12.38 billion; its shares were traded at around $17.82 with a P/E ratio of 9.98 and P/S ratio of 1.95. The dividend yield of Regions Financial Corp. stocks is 7.9%.
Famed contrarian Guru David Dreman recommended to buy Regions Financial Corp. (RF) during his latest Forbes column. He mentioned that RF’s “reserves appear adequate to prevent earnings from deteriorating much further, and it trades at nine times trailing earnings.”
Merrill Lynch has recently downgrade RF from neutral to sell. The company said that a larger-than-expected decline in housing prices would lead to higher residential and real estate losses for the company.
Richard Snow owns 357,281 shares as of 03/31/2008 , an increase of 48.58% from the previous quarter. David Dreman owns 415,170 shares as of 03/31/2008 . Richard Aster Jr. owns 32,900 shares as of 03/31/2008 , a decrease of 96.49% of from the previous quarter.
Director Lee J. Iii Styslinger bought 10,000 shares of RF stock on 05/21/2008 at the average price of $19.24; the price of the stock has decreased by 7.38% since.
Sears Holdings Corp. (SHLD) Reached the 52-Week Low of $84.72
The prices of Sears Holdings Corp. (SHLD) shares have declined to close the 52-week low of $84.72, which is 53.5% lower than its 52-week high of $182.11. Sears operates as a broadline retailer. It has a market cap of $11.21 billion; its shares were traded at around $84.72 with a P/E ratio of 14.85 and P/S ratio of 0.22.
Sears’ outlook has been lowered by S&P 500, caused by a first quarter loss for the company.
Sears Holdings Corp. is owned by 10 Gurus we are tracking. Among them, 5 have added to their positions during the past quarter, 2 initiated their positions, 2 left them unchanged, 1 reduced his positions, and 1 sold out his holdings.
George Soros bought 10,198 shares in the quarter that ended on 03/31/2008 . David Einhorn bought 1,150 shares in the quarter that ended on 03/31/2008 . Michael Price owns 362,816 shares as of 03/31/2008 , an increase of 47.44% from the previous quarter. Edward Lampert owns 65,639,184 shares as of 03/31/2008 . Third Avenue Management owns 25,000 shares as of 03/31/2008 , a decrease of 89.73% of from the previous quarter. Jean-Marie Eveillard sold out his holdings in the quarter that ended on 03/31/2008.
