The indiscriminate selling on Wall Street certainly produced a lot of bargains. These are some highlights. Related companies: Bank of America Corp, IDEX Corp, The Boeing Company, Mohawk Industries Inc, and Sears Holdings Corp.
The complete list of stocks that have declined since Gurus bought, go to:
http://www.gurufocus.com/Guru_bargins.php
Bank of America Corp. (BAC, Financial): Down 46% Since Ken Heebner Bought In the Quarter Ended on 09/30/2008
Ken Heebner initiated holdings in Bank of America Corp. during the quarter ended 09/30/2008 . He owned 15,640,000 shares of as of 09/30/2008 . Bank of America Corp. is one of the world's leading financial services companies. It has a market cap of $74.91 billion with a P/E ratio of 14.28 and P/S ratio of 1.63. The dividend yield of Bank of America Corp. stocks is 10.59%.
Ken Heebner bought 15,640,000 shares in the quarter that ended on 09/30/2008P. Bill Nygren bought 1,400,000 shares in the quarter that ended on 06/30/2008 . Charles Brandes owns 19,029,175 shares as of 09/30/2008 , an increase of 603.4% from the previous quarter. Kenneth Fisher owns 60,744 shares as of 09/30/2008 , a decrease of 37.34% of from the previous quarter. Jean-Marie Eveillard sold out his holdings in the quarter that ended on 09/30/2008 .
Director John T Collins bought 3,300 shares of BAC stock on 08/15/2008 at the average price of $30.37; the price of the stock has decreased by 45.93% since.
IDEX Corp. (IEX, Financial): Down 41% Since John Keeley Bought In the Quarter Ended on 09/30/2008
John Keeley added to his holdings in IDEX Corp. by 114.29% during the quarter ended 09/30/2008 . He owned 120,000 shares of as of 09/30/2008 . IDEX CORP. designs manufactures and markets a broad range of fluid handling and industrial products internationally. It has a market cap of $1.73 billion, a P/E ratio of 10.52 and P/S ratio of 1.23. The dividend yield of IDEX Corp. stocks is 2.07%.
IDEX recently announced that its profit beat Wall Street expectations by 1 cent per share, although it cut its 08 profit outlook. An analyst has also upgraded that company, saying that it had good valuation.
John Keeley owns 120,000 shares as of 09/30/2008 , an increase of 114.29% from the previous quarter. Ruane Cunniff owns 8,822 shares as of 09/30/2008 . John Rogers owns 7,594,474 shares as of 06/30/2008 .
VP and CFO Dominic A Romeo sold 13,000 shares of IEX stock on 10/24/2008 at the average price of $20.04; the price of the stock has increased by 5.64% since.
The Boeing Company (BA, Financial): Down 35% Since Brian Rogers Bought In the Quarter Ended on 09/30/2008
Brian Rogers initiated holdings in The Boeing Company during the quarter ended 09/30/2008 . He owned 1,750,000 shares of as of 09/30/2008 . The Boeing Company is one of the world's major aerospace firms. The company has a market cap of $30.13 billion; its shares were traded at around $41.04 with a P/E ratio of 8.02 and P/S ratio of 0.48. The dividend yield of The Boeing Company stocks is 3.05%.
Bruce Berkowitz bought 8,236,177 shares in the quarter that ended on 09/30/2008 . Ron Baron owns 54,975 shares as of 06/30/2008 , an increase of 34.76% from the previous quarter. PRIMECAP Management owns 2,829,103 shares as of 09/30/2008 . Ronald Muhlenkamp owns 466,110 shares as of 09/30/2008 , a decrease of 24.41% of from the previous quarter.
Director John H Biggs bought 10,000 shares of BA stock on 08/04/2008 at the average price of $62.06; the price of the stock has decreased by 33.87% since.
Mohawk Industries Inc. (MHK, Financial): Down 52% Since Prem Watsa Bought In the Quarter Ended on 09/30/2008
Prem Watsa initiated holdings in Mohawk Industries Inc. during the quarter ended 09/30/2008 . He owned 3,000 shares of as of 09/30/2008 . Mohawk Industries Inc. is one of the leading producers of woven and tufted broadloom carpet and rugs for principally residential applications. The company has a market cap of $2.21 billion; its shares were traded at around $32.27 with P/S ratio of 0.31.
Mohawk Industries recently announced that it was down greatly in the third quarter, caused by a huge impairment charge, and it also lowered its outlook for the 4 th quarter. For the quarter, Mohawk reported a loss of over $20 per share, compare to a gain of about $1 per share a year ago in profit.
Prem Watsa bought 3,000 shares in the quarter that ended on 09/30/2008 . Ruane Cunniff owns 12,486,292 shares as of 09/30/2008 , which accounts for 8.88% of the $9.47 billion portfolio of Ruane & Cunniff & Goldfarb Inc. John Rogers owns 2,400,829 shares as of 06/30/2008 , a decrease of 35.36% of from the previous quarter.
Sears Holdings Corp. (SHLD, Financial): Down 54% Since Martin Whitman Bought In the Quarter Ended on 07/31/2008
Martin Whitman initiated holdings in Broadline Retailers company Sears Holdings Corp. during the quarter ended 07/31/2008 . He owned 1,576 shares of as of 07/31/2008 . Sears Holdings Corporation, the parent of Kmart and Sears Roebuck and Co., is the leading home appliance retailer in North America . Sears Holdings Corp. has a market cap of $4.82 billion; its shares were traded at around $38.27 with a P/E ratio of 11.66 and P/S ratio of 0.11.
Sears’ outlook dimmed as the trends in unemployment, weak sales, and that there was still a weak housing market which will pressure customers.
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 ,but he sold out his holdings during the third quarter. Bruce Berkowitz owns 14,596,690 shares as of 09/30/2008 , an increase of 18.01% from the previous quarter. Michael Price owns 253,339 shares as of 09/30/2008 , a decrease of 30.17% of from the previous quarter. Bill Ackman owns 501,000 shares as of 09/30/2008 , a decrease of 92.57% of from the previous quarter. George Soros sold out his holdings in the quarter that ended on 06/30/2008 .
The complete list of stocks that have declined since Gurus bought, go to:
http://www.gurufocus.com/Guru_bargins.php
Bank of America Corp. (BAC, Financial): Down 46% Since Ken Heebner Bought In the Quarter Ended on 09/30/2008
Ken Heebner initiated holdings in Bank of America Corp. during the quarter ended 09/30/2008 . He owned 15,640,000 shares of as of 09/30/2008 . Bank of America Corp. is one of the world's leading financial services companies. It has a market cap of $74.91 billion with a P/E ratio of 14.28 and P/S ratio of 1.63. The dividend yield of Bank of America Corp. stocks is 10.59%.
Ken Heebner bought 15,640,000 shares in the quarter that ended on 09/30/2008P. Bill Nygren bought 1,400,000 shares in the quarter that ended on 06/30/2008 . Charles Brandes owns 19,029,175 shares as of 09/30/2008 , an increase of 603.4% from the previous quarter. Kenneth Fisher owns 60,744 shares as of 09/30/2008 , a decrease of 37.34% of from the previous quarter. Jean-Marie Eveillard sold out his holdings in the quarter that ended on 09/30/2008 .
Director John T Collins bought 3,300 shares of BAC stock on 08/15/2008 at the average price of $30.37; the price of the stock has decreased by 45.93% since.
IDEX Corp. (IEX, Financial): Down 41% Since John Keeley Bought In the Quarter Ended on 09/30/2008
John Keeley added to his holdings in IDEX Corp. by 114.29% during the quarter ended 09/30/2008 . He owned 120,000 shares of as of 09/30/2008 . IDEX CORP. designs manufactures and markets a broad range of fluid handling and industrial products internationally. It has a market cap of $1.73 billion, a P/E ratio of 10.52 and P/S ratio of 1.23. The dividend yield of IDEX Corp. stocks is 2.07%.
IDEX recently announced that its profit beat Wall Street expectations by 1 cent per share, although it cut its 08 profit outlook. An analyst has also upgraded that company, saying that it had good valuation.
John Keeley owns 120,000 shares as of 09/30/2008 , an increase of 114.29% from the previous quarter. Ruane Cunniff owns 8,822 shares as of 09/30/2008 . John Rogers owns 7,594,474 shares as of 06/30/2008 .
VP and CFO Dominic A Romeo sold 13,000 shares of IEX stock on 10/24/2008 at the average price of $20.04; the price of the stock has increased by 5.64% since.
The Boeing Company (BA, Financial): Down 35% Since Brian Rogers Bought In the Quarter Ended on 09/30/2008
Brian Rogers initiated holdings in The Boeing Company during the quarter ended 09/30/2008 . He owned 1,750,000 shares of as of 09/30/2008 . The Boeing Company is one of the world's major aerospace firms. The company has a market cap of $30.13 billion; its shares were traded at around $41.04 with a P/E ratio of 8.02 and P/S ratio of 0.48. The dividend yield of The Boeing Company stocks is 3.05%.
Bruce Berkowitz bought 8,236,177 shares in the quarter that ended on 09/30/2008 . Ron Baron owns 54,975 shares as of 06/30/2008 , an increase of 34.76% from the previous quarter. PRIMECAP Management owns 2,829,103 shares as of 09/30/2008 . Ronald Muhlenkamp owns 466,110 shares as of 09/30/2008 , a decrease of 24.41% of from the previous quarter.
Director John H Biggs bought 10,000 shares of BA stock on 08/04/2008 at the average price of $62.06; the price of the stock has decreased by 33.87% since.
Mohawk Industries Inc. (MHK, Financial): Down 52% Since Prem Watsa Bought In the Quarter Ended on 09/30/2008
Prem Watsa initiated holdings in Mohawk Industries Inc. during the quarter ended 09/30/2008 . He owned 3,000 shares of as of 09/30/2008 . Mohawk Industries Inc. is one of the leading producers of woven and tufted broadloom carpet and rugs for principally residential applications. The company has a market cap of $2.21 billion; its shares were traded at around $32.27 with P/S ratio of 0.31.
Mohawk Industries recently announced that it was down greatly in the third quarter, caused by a huge impairment charge, and it also lowered its outlook for the 4 th quarter. For the quarter, Mohawk reported a loss of over $20 per share, compare to a gain of about $1 per share a year ago in profit.
Prem Watsa bought 3,000 shares in the quarter that ended on 09/30/2008 . Ruane Cunniff owns 12,486,292 shares as of 09/30/2008 , which accounts for 8.88% of the $9.47 billion portfolio of Ruane & Cunniff & Goldfarb Inc. John Rogers owns 2,400,829 shares as of 06/30/2008 , a decrease of 35.36% of from the previous quarter.
Sears Holdings Corp. (SHLD, Financial): Down 54% Since Martin Whitman Bought In the Quarter Ended on 07/31/2008
Martin Whitman initiated holdings in Broadline Retailers company Sears Holdings Corp. during the quarter ended 07/31/2008 . He owned 1,576 shares of as of 07/31/2008 . Sears Holdings Corporation, the parent of Kmart and Sears Roebuck and Co., is the leading home appliance retailer in North America . Sears Holdings Corp. has a market cap of $4.82 billion; its shares were traded at around $38.27 with a P/E ratio of 11.66 and P/S ratio of 0.11.
Sears’ outlook dimmed as the trends in unemployment, weak sales, and that there was still a weak housing market which will pressure customers.
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 ,but he sold out his holdings during the third quarter. Bruce Berkowitz owns 14,596,690 shares as of 09/30/2008 , an increase of 18.01% from the previous quarter. Michael Price owns 253,339 shares as of 09/30/2008 , a decrease of 30.17% of from the previous quarter. Bill Ackman owns 501,000 shares as of 09/30/2008 , a decrease of 92.57% of from the previous quarter. George Soros sold out his holdings in the quarter that ended on 06/30/2008 .
