GuruFocus Premium Membership

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

Free Trial

Free 7-day Trial
All Articles and Columns »

Weekly Guru Bargains Highlights: Avon Products Inc, Fortune Brands Inc, The Goldman Sachs Group Inc, America Movil S.A.B. de C.V, Sears Holdings Corp.

November 09, 2008 | About:
insider

These are the Guru Bargain companies for the week of November 2, 2008 . Related companies: Avon Products Inc, Fortune Brands Inc, The Goldman Sachs Group Inc, America Movil S.A.B. de C.V, and Sears Holdings Corp.

For the complete list of Guru Bargains, please go to: Guru Bargains

Avon Products Inc. (AVP): Down 35% Since David Williams Bought In the Quarter Ended on 9/30/08 .

David Williams added to his holdings in Avon Products Inc. by 5.88% during the quarter ended 09/30/2008 . He owned 3,600,000 shares of as of 09/30/2008 . Avon Products Inc. is one of the world's leading manufacturers and marketers of beauty and related products which include cosmetics fragrance and toiletries. The company has a market cap of $11.24 billion, a P/E ratio of 14.72 and a P/S ratio of 1.00. The dividend yield of Avon Products Inc. stocks is 3.28%.

A Citi Investment Research analyst removed the company from his recommended list, saying that he expects Avon ’s products will become more expensive overseas. Avon recently posted a 60 percent growth in third-quarter profit because of strong foreign sales. However, the company’s adjusted earnings missed analyst’s expectations. During the quarter, the company benefited from a weaker dollar, but the dollar has recovered since then, which may pose a problem for Avon .

Ken Heebner owns 1,351,000 shares as of 06/30/2008 , an increase of 19.03% from the previous quarter. David Williams owns 3,600,000 shares as of 09/30/2008 . Dodge & Cox owns 333,900 shares as of 06/30/2008 , a decrease of 31.97% of from the previous quarter.

Chairman and CEO Andrea Jung sold 73,096 shares of AVP stock on 05/22/2008 at the average price of $38.52; the price of the stock has decreased by 31.54% since.

Fortune Brands Inc. (FO): Down 36% Since Brian Rogers Bought In the Quarter Ended on 09/30/2008

Brian Rogers added to his holdings in Fortune Brands Inc. by 40% during the quarter ended 09/30/2008 . He owned 3,500,000 shares of as of 09/30/2008 . Fortune Brands is a holding company with subsidiaries engaged in the manufacture and sale of home, office, golf, and wine products. It has a market cap of $5.6 billion with a P/E ratio of 7.29 and P/S ratio of 0.71. The dividend yield of Fortune Brands Inc. stocks is 5.01%.

Fortune Brands Inc. recently announced that its third quarter profit rose 61%. However, the company also lowered its 4 th quarter outlook, saying that the slow economy may hurt the company. The company also recently announced that its head of its Beam Global Spirits & Wine business is leaving the company. Net sales dropped 10%, and Gross margin was up 1%.

Brian Rogers owns 3,500,000 shares as of 09/30/2008 , an increase of 40% from the previous quarter. David Dreman owns 26,000 shares as of 06/30/2008 . John Keeley owns 55,430 shares as of 06/30/2008 , a decrease of 38.98% of from the previous quarter. Jean-Marie Eveillard and Dodge & Cox both sold out their holdings in the quarter that ended on 06/30/2008 .

Chairman and CEO, Director Bruce A Carbonari bought 7,278 shares of FO stock on 10/28/2008 at the average price of $34.8; the price of the stock has increased by 7.27% since.

The Goldman Sachs Group Inc. (GS): Down 53% Since Brian Rogers Bought In the Quarter Ended on 09/30/2008

Brian Rogers initiated holdings in The Goldman Sachs Group Inc. during the quarter ended 09/30/2008 . He owned 600,000 shares of as of 09/30/2008 . Goldman Sachs is a global investment banking and securities firm with a market cap of $30.76 billion, a P/E ratio of 4.67 and a P/S ratio of 0.92. The dividend yield of The Goldman Sachs Group Inc. stocks is 1.39%.

Goldman Sachs has recently been hurt by rumors that the company would post its first ever quarterly loss since going public in 1999. Morgan Stanley’s analyst Patrick Pinschmidt lowered his estimate for the company’s fiscal fourth quarter results.

David Williams bought 1,000,000 shares in the quarter that ended on 09/30/2008 . Brian Rogers bought 600,000 shares in the quarter that ended on 09/30/2008 . George Soros owns 13,000 shares as of 06/30/2008 , an increase of 277.25% from the previous quarter. Robert Olstein owns 114,000 shares as of 06/30/2008 , a decrease of 23.9% of from the previous quarter.

President and Co-COO, Director Jon Winkelried sold 29,597 shares of GS stock on 07/17/2008 at the average price of $175.27; the price of the stock has decreased by 55.62% since.

America Movil S.A.B. de C.V. (AMOV): Down 37% Since David Williams Bought In the Quarter Ended on 09/30/2008

David Williams added to his holdings in Mobile Telecommunications Company America Movil S.A.B. de C.V. by 3.77% during the quarter ended 09/30/2008 . He owned 5,500,000 shares of as of 09/30/2008 . America Movil S.A.B. de C.V. has a market cap of $ million. The dividend yield of America Movil S.A.B. de C.V. stocks is 1.1%.

Latin America markets are recently down as fear of the U.S financial market and bad credit conditions have hurt the market. Recently America Movil has been down, as well as other Latin America companies.

David Williams owns 5,500,000 shares as of 09/30/2008 , which accounts for 3.1% of the $8.23 billion portfolio of Columbia Value and Restructuring Fund.

Sears Holdings Corp. (SHLD): Down 36% Since Martin Whitman Bought In the Quarter Ended on 07/31/2008

Martin Whitman initiated holdings in Sears Holdings Corp. during the quarter ended 07/31/2008 . He owned 1,576 shares of as of 07/31/2008 . Sears Holdings Corporation is the leading home appliance retailer in North America . The company has a market cap of $6.69 billion with a P/E ratio of 16.13 and P/S ratio of 0.13.

Sears Holding Corp was recently down as the S&P Equity Research lowered the company’s price targets and estimated earnings, saying that Sears would fall because of lower retailer sales in the fall.

"With its competitors, in our view, reporting weaker-than-expected fall sales despite doing a better job of meeting the needs of cost-conscious consumers, we expect [Sears] to disappoint investors with its [October quarter] results," analyst Jason Asaeda said

Martin Whitman bought 1,576 shares in the quarter that ended on 07/31/2008 . David Einhorn owns 11,240 shares as of 06/30/2008 , an increase of 877.39% from the previous quarter. George Soros sold out his holdings in the quarter that ended on 06/30/2008 .


Rating: 2.8/5 (8 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