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Guru Stocks at 52-Week Low: Nokia Corp, Corning Inc, Liberty Global Inc, Symantec Corp.

November 02, 2008 | About:

The market was up about 11% last week, recovering from the previous weeks’ plunges. Last week’s top five stocks that reached their 52-week lows were Nokia Corp, Corning Inc, streetTRACKS Gold, Liberty Global Inc, and Symantec Corp.

Last week’s top two out of favor industries were the Food and Beverage and Personal and Household Goods industry. 24 Food and Beverage companies have reached their 52-week lows, while 1 has reached its 52-week high, giving the Food and Beverage industry a low/high ratio of 24. 47 Personal and Household goods companies have reached their 52-week lows, while 2 have reached their 52-week highs, giving the Personal and Household Goods industry a low/high ratio of 23.5.

For full details about guru stocks at 52-week low and more information, click here: http://www.gurufocus.com/52weeklow.php.

Nokia Corp. (NOK) Reached the 52-Week Low of $15.18

The prices of Nokia Corp. (NOK) shares have declined to close the 52-week low of $15.18, which is 63.2% off the 52-week high of $41.1. Nokia Corp. is owned by 9 Gurus we are tracking. Among them, 6 have added to their positions during the past quarter. 1 reduced their positions.

Nokia is the world leader in mobile communications. Nokia Corp. has a market cap of $56.11 billion; its shares were traded at around $15.18 with a P/E ratio of 8.67 and P/S ratio of 0.89. The dividend yield of Nokia Corp. stocks is 3.89%.

Cell phone companies reported a shipment of 299 million phones in the 3 rd quarter, which was down about 1/2 percent when compared to previous years. Nokia remained the top cell phone maker, however.

Richard Perry bought 2,100,000 shares in the quarter that ended on 06/30/2008 . George Soros bought 40,000 shares in the quarter that ended on 06/30/2008 . David Williams owns 5,400,000 shares as of 09/30/2008 , an increase of 12.5% from the previous quarter. Richard Aster Jr. sold out his holdings in the quarter that ended on 06/30/2008 .

Corning Inc. (GLW) Reached the 52-Week Low of $10.83

The prices of Corning Inc. (GLW) shares have declined to close the 52-week low of $10.83, which is 61.6% off the 52-week high of $27.77. Corning Inc. is owned by 7 Gurus we are tracking. Among them, 4 have added to their positions during the past quarter. 3 reduced their positions.

Corning Incorporated creates leading-edge technologies for the fastest-growing markets of the world's economy. It has a market cap of $16.75 billion with a P/E ratio of 3.01 and P/S ratio of 2.42. The dividend yield of Corning Inc. stocks is 1.88%.

Corning Inc. has recently received many downgrades. The company was downgraded twice on October 30, 2008 , by Collins Stewart and Deutsche Securities. Both downgraded the company from a Buy to a Hold. The company was also previously downgraded twice on Sept. 4 th.

Mark Hillman owns 763,839 shares as of 06/30/2008 , an increase of 1217.49% from the previous quarter. Kenneth Fisher owns 13,854 shares as of 06/30/2008 , an increase of 17.16% from the previous quarter. George Soros sold out his holdings in the quarter that ended on 06/30/2008 .

Retired Director John M Hennessy bought 49,700 shares of GLW stock on 08/04/2008 at the average price of $20.1; the price of the stock has decreased by 46.12% since.

Liberty Global Inc. (LBTYK) Reached the 52-Week Low of $16.16

The prices of Liberty Global Inc. Series C (LBTYK) shares have declined to close the 52-week low of $16.16, which is 35.5% off the 52-week high of $40.62. Liberty Global Inc. Series C is owned by 4 Gurus we are tracking. Among them, 2 have added to their positions during the past quarter. 2 reduced their positions.

Liberty Global Inc. recently reported its second quarter 2008 results. The company announced a 25% gain in revenue. Operating cash flow also increased 34%, but net earnings were down compared to a year ago. Free cash flow was up compared to the second quarter of 2007.

Chris Davis owns 45,493 shares as of 06/30/2008 , an increase of 26.11% from the previous quarter. Wallace Weitz owns 4,304,610 shares as of 06/30/2008 , an increase of 10.94% from the previous quarter. Jean-Marie Eveillard owns 145,044 shares as of 06/30/2008 , a decrease of 82.52% of from the previous quarter.

President & CEO, Director Michael T Fries bought 6,525 shares of LBTYK stock on 06/26/2008 at the average price of $30.56; the price of the stock has decreased by 47.12% since.

Symantec Corp. (SYMC) Reached the 52-Week Low of $12.58

The prices of Symantec Corp. (SYMC) shares have declined to close the 52-week low of $12.58, which is 39.6% off the 52-week high of $22.65. Symantec 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.

Symantec a world leader in Internet security technology provides a broad range of content security solutions to individuals and companies. The company has a market cap of $10.55 billion, a P/E ratio of 16.77 and P/S ratio of 1.64.

Symantec recently announced that its 3 rd quarter results were lower than what Wall Street analysts expected. The company’s revenue rose, but not as much as Wall Street expected. Adjusted earnings per share were about 3 cents lower than what analysts expected.

PRIMECAP Management owns 36,692,589 shares as of 06/30/2008 . Mason Hawkins owns 52,837,697 shares as of 06/30/2008 . Bruce Sherman owns 16,190,542 shares as of 06/30/2008 , a decrease of 27.53% of from the previous quarter.

Chairman and CEO, Director John Wendell Thompson sold 50,000 shares of SYMC stock on 09/22/2008 at the average price of $20.06; the price of the stock has decreased by 37.29% since.


Rating: 2.8/5 (4 votes)

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