The market was down about 1.6% last week, as stocks fell to newer lows. Last week’s top five stocks that reached their 52-week low were FirstEnergy Corp, Lorillard, Agilent Technologies Inc, Calpine Corp, Hawaiian Electric Industries Inc, and Eastman Kodak Company.
Last week’s top two out of favor industries were the Personal and Household Goods and Oil Equipment, Services and Distribution industries. 28 stocks in the Personal and Household Goods industry have reached their 52-week lows, while 3 have reached their 52-week highs, giving the industry a low/high ratio of 9.33. In the Oil Equipment industry, 8 stocks have reached their 52-week lows, while 1 has reached its 52-week high, giving the industry a low/high ratio of 8.
For full details about guru stocks at 52-week lows and more information, click here: http://www.gurufocus.com/52weeklow.php.
FirstEnergy Corp. (FE, Financial) Reached the 52-Week Low of $45.93
The prices of FirstEnergy Corp. (FE) shares have declined to close to the 52-week low of $45.93, which is 45.4% off the 52-week high of $83.21. FirstEnergy Corp. is owned by 3 Gurus we are tracking. 2 reduced their positions in the company.
FirstEnergy Corp. is a diversified energy services holding company as the result of the merger of Ohio Edison Company and Centerior Energy Corporation. The company has a market cap of $16.5 billion; its shares were traded at around $45.93 with a P/E ratio of 11.2 and P/S ratio of 1.29. The dividend yield of FirstEnergy Corp. stocks is 4.06%. FirstEnergy Corp. had an annual average earning growth of 4.4% over the past 10 years.
FirstEnergy recently announced that its third quarter profit rose to $1.54 per share, up from $1.34 per share a year ago. This beat analysts’ expectations of $1.47 per share. Revenue also grew $0.3 billion dollars, to $3.9 billion from $3.6 billion.
Brian Rogers owns 1,900,000 shares as of 09/30/2008, which accounts for 0.68% of the $17.87 billion portfolio of T Rowe Price Equity Income Fund. Kenneth Fisher owns 31,495 shares as of 09/30/2008, which accounts for 0.01% of the $31.63 billion portfolio of Fisher Asset Management, LLC. Dodge & Cox owns 57,600 shares as of 09/30/2008, which accounts for less than 0.01% of the $90.25 billion portfolio of Dodge & Cox.
Exec. Vice Pres & Gen. Counsel Leila L Vespoli sold 1,000 shares of FE stock on 09/03/2008 at the average price of $69.08; the price of the stock has decreased by 33.51% since.
Lorillard (LO, Financial) Reached the 52-Week Low of $55.81
The prices of Lorillard (LO) shares have declined to close to the 52-week low of $55.81, which is 37.4% off the 52-week high of $88.55. Lorillard is owned by 5 Gurus we are tracking. 3 have added to their positions during the past quarter. 2 reduced their positions.
LORILLARD is the third largest manufacturer of cigarettes in the United States. The compnay has a market cap of $9.88 billion; its shares were traded at around $55.81 with a P/E ratio of 12.2 and P/S ratio of 2.49. The dividend yield of Lorillard stocks is 6.26%.
Lorillard recently reported its third quarter 2008 results. The company announced that net sales increased about 8% to $1.125 billion, from $1.044 billion a year ago. Operating income increased 10% to $382 million, and the company reported net income of $1.38 per share, or $237 million.
George Soros bought 20,000 shares in the quarter that ended on 09/30/2008. David Williams owns 4,300,000 shares as of 09/30/2008, which accounts for 3.72% of the $8.23 billion portfolio of Columbia Value and Restructuring Fund. Steve Mandel owns 3,428,911 shares as of 09/30/2008, which accounts for 4.71% of the $5.18 billion portfolio of Lone Pine Capital. Richard Perry owns 393,514 shares as of 09/30/2008, which accounts for 1.1% of the $2.56 billion portfolio of Perry Capital. NWQ Managers owns 4,330,119 shares as of 09/30/2008, a decrease of 29.35% of from the previous quarter.
Agilent Technologies Inc. (A, Financial) Reached the 52-Week Low of $15.45
The prices of Agilent Technologies Inc. (A) shares have declined to close to the 52-week low of $15.45, which is 59.2% off the 52-week high of $37.9. Agilent Technologies Inc. is owned by 8 Gurus we are tracking. Among them, 2 have added to their positions during the past quarter. 4 reduced their positions.
Agilent Technologies is the world’s premier measurement company and a technology leader in communications electronics, life sciences, and chemical analysis. The company has a market cap of $6.22 billion with a P/E ratio of 8.3 and P/S ratio of 1.08.
Agilent Technologies recently reported its 4 th quarter 2008 results. The company said that its revenue was up 2% from last year, and also reported GAAP net income of $231 million, up 28% from a year ago. The company’s CEO said, "The world has clearly changed in the past three months. We are pleased to have performed well in a very dynamic and difficult economic environment. Fourth quarter revenues came in below the low end of our expectations because of weaker than expected Electronic Measurement markets. But, we were able to adjust to rapidly changing conditions, and our adjusted net income(1) came in at the high end of our guidance."
John Hussman bought 650,000 shares in the quarter that ended on 09/30/2008. Chris Davis owns 27,293,958 shares as of 09/30/2008, which accounts for 1.08% of the $74.87 billion portfolio of Davis Selected Advisers. Jean-Marie Eveillard owns 673,030 shares as of 09/30/2008, a decrease of 28.29% of from the previous quarter.
Calpine Corp. (CPN, Financial) Reached the 52-Week Low of $6.8
The prices of Calpine Corp. (CPN) shares have declined to close to the 52-week low of $6.8, which is 70.6% off the 52-week high of $23. Calpine Corp. is owned by 4 Gurus we are tracking. Among them, 2 have added to their positions during the past quarter. 2 reduced their positions.
Calpine is a major U.S. power company capable of delivering nearly 24000 megawatts of clean cost-effective reliable and fuel-efficient electricity to customers and communities in 18 states in the U.S. The company has a market cap of $3.36 billion; its shares were traded at around $6.8 with and P/S ratio of 0.42.
Calpine recently reported its third quarter 2008 and year-to-date results. The company announced that its Operating Revenues increased 37%. The company also said that its Adjusted EBITA was up 17%. Compared to the first nine months of 2007, operating revenues for the first nine months of 2008 were also up 32%.
Robert Bruce owns 179,849 shares as of 09/30/2008, an increase of 125.24% from the previous quarter. This position accounts for 2.39% of the $97 million portfolio of Bruce & Co., Inc. John Keeley owns 1,335,410 shares as of 09/30/2008. Jean-Marie Eveillard owns 50,000 shares as of 09/30/2008, a decrease of 92.06% of from the previous quarter.
Hawaiian Electric Industries Inc. (HE, Financial) Reached the 52-Week Low of $21.56
The prices of Hawaiian Electric Industries Inc. (HE) shares have declined to close to the 52-week low of $21.56, which is 26.9% off the 52-week high of $29.29. Hawaiian Electric Industries Inc. is owned by 3 Gurus we are tracking. 1 have added to their positions during the past quarter. Hawaiian Electric Industries Inc. is a holding company with subsidiaries engaged in the electric utility savings bank freight transportation real estate development and other businesses primarily in the State of Hawaii and in the pursuit of independent power projects in Asia and the Pacific. It has a market cap of $2.09 billion, a P/E ratio of 12.4 and a P/S ratio of 0.83. The dividend yield of Hawaiian Electric Industries Inc. stocks is 5.34%.
Hawaiian Electric Industries Inc. recently reported solid third quarter 2008 results. The company said that "Our earnings showed significant improvement over our unusually low results in the third quarter of 2007, which included a utility customer refund accrual that reduced those results by $0.10 a share. Our utilities continued to regain financial strength due to interim rate relief received primarily in the last quarter of 2007. The bank's earnings improved 31% quarter-over-quarter, benefitting from a steeper yield curve, continued good credit quality and lower expenses resulting from performance improvement initiatives. Additionally, holding and other companies' losses in the quarter were lower than in the same period in 2007 primarily due to lower interest expense.” The company reported a net income of 44 cents per share, compared to 24 cents per share a year ago.
John Keeley owns 1,604,400 shares as of 09/30/2008, an increase of 27.04% from the previous quarter. This position accounts for 0.52% of the $9.04 billion portfolio of Keeley Fund Management. Richard Aster Jr owns 1,419,875 shares as of 09/30/2008, which accounts for 1.57% of the $2.63 billion portfolio of Meridian Fund. Jean-Marie Eveillard owns 40,000 shares as of 09/30/2008, which accounts for 0.01% of the $9.67 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.
President, Director Constance H Lau bought 2,000 shares of HE stock on 12/10/2008 at the average price of $22.87; the price of the stock has decreased by 5.73% since.
Eastman Kodak Company (EK, Financial) Reached the 52-Week Low of $6.08
The prices of Eastman Kodak Company (EK) shares have declined to close to the 52-week low of $6.08, which is 73.6% off the 52-week high of $22.69. Eastman Kodak Company is owned by 7 Gurus we are tracking. 3 have added to their positions during the past quarter. 4 reduced their positions.
Eastman Kodak Company is engaged primarily in developing manufacturing and marketing consumer professional health and other imaging products and services. The company has a market cap of $1.72 billion; its shares were traded at around $6.08 with a P/E ratio of 63.9 and P/S ratio of 0.17. The dividend yield of Eastman Kodak Company stocks is 7.8%.
Eastman Kodak recently reported its third quarter 2008 results. The company announced that it had sales of about $2.4 billion, which were down slightly from its sales a year ago. However, the company’s third quarter earnings from continued operation were $101 million, up from $32 million a year ago.
Bill Miller owns 20,720,150 shares as of 06/30/2008, an increase of 14.21% from the previous quarter. PRIMECAP Management owns 13,305,582 shares as of 09/30/2008, which accounts for 0.37% of the $55.92 billion portfolio of PRIMECAP Management. Arnold Van Den Berg owns 389,066 shares as of 09/30/2008, which accounts for 0.25% of the $2.39 billion portfolio of Century Management. Brian Rogers owns 6,300,000 shares as of 09/30/2008, which accounts for 0.52% of the $17.87 billion portfolio of T Rowe Price Equity Income Fund.
Director Barry K Taniguchi bought 384 more shares of HE stock on 07/15/2008 at the average price of $24.06; the price of the stock has decreased by 10.39% since.
Last week’s top two out of favor industries were the Personal and Household Goods and Oil Equipment, Services and Distribution industries. 28 stocks in the Personal and Household Goods industry have reached their 52-week lows, while 3 have reached their 52-week highs, giving the industry a low/high ratio of 9.33. In the Oil Equipment industry, 8 stocks have reached their 52-week lows, while 1 has reached its 52-week high, giving the industry a low/high ratio of 8.
For full details about guru stocks at 52-week lows and more information, click here: http://www.gurufocus.com/52weeklow.php.
FirstEnergy Corp. (FE, Financial) Reached the 52-Week Low of $45.93
The prices of FirstEnergy Corp. (FE) shares have declined to close to the 52-week low of $45.93, which is 45.4% off the 52-week high of $83.21. FirstEnergy Corp. is owned by 3 Gurus we are tracking. 2 reduced their positions in the company.
FirstEnergy Corp. is a diversified energy services holding company as the result of the merger of Ohio Edison Company and Centerior Energy Corporation. The company has a market cap of $16.5 billion; its shares were traded at around $45.93 with a P/E ratio of 11.2 and P/S ratio of 1.29. The dividend yield of FirstEnergy Corp. stocks is 4.06%. FirstEnergy Corp. had an annual average earning growth of 4.4% over the past 10 years.
FirstEnergy recently announced that its third quarter profit rose to $1.54 per share, up from $1.34 per share a year ago. This beat analysts’ expectations of $1.47 per share. Revenue also grew $0.3 billion dollars, to $3.9 billion from $3.6 billion.
Brian Rogers owns 1,900,000 shares as of 09/30/2008, which accounts for 0.68% of the $17.87 billion portfolio of T Rowe Price Equity Income Fund. Kenneth Fisher owns 31,495 shares as of 09/30/2008, which accounts for 0.01% of the $31.63 billion portfolio of Fisher Asset Management, LLC. Dodge & Cox owns 57,600 shares as of 09/30/2008, which accounts for less than 0.01% of the $90.25 billion portfolio of Dodge & Cox.
Exec. Vice Pres & Gen. Counsel Leila L Vespoli sold 1,000 shares of FE stock on 09/03/2008 at the average price of $69.08; the price of the stock has decreased by 33.51% since.
Lorillard (LO, Financial) Reached the 52-Week Low of $55.81
The prices of Lorillard (LO) shares have declined to close to the 52-week low of $55.81, which is 37.4% off the 52-week high of $88.55. Lorillard is owned by 5 Gurus we are tracking. 3 have added to their positions during the past quarter. 2 reduced their positions.
LORILLARD is the third largest manufacturer of cigarettes in the United States. The compnay has a market cap of $9.88 billion; its shares were traded at around $55.81 with a P/E ratio of 12.2 and P/S ratio of 2.49. The dividend yield of Lorillard stocks is 6.26%.
Lorillard recently reported its third quarter 2008 results. The company announced that net sales increased about 8% to $1.125 billion, from $1.044 billion a year ago. Operating income increased 10% to $382 million, and the company reported net income of $1.38 per share, or $237 million.
George Soros bought 20,000 shares in the quarter that ended on 09/30/2008. David Williams owns 4,300,000 shares as of 09/30/2008, which accounts for 3.72% of the $8.23 billion portfolio of Columbia Value and Restructuring Fund. Steve Mandel owns 3,428,911 shares as of 09/30/2008, which accounts for 4.71% of the $5.18 billion portfolio of Lone Pine Capital. Richard Perry owns 393,514 shares as of 09/30/2008, which accounts for 1.1% of the $2.56 billion portfolio of Perry Capital. NWQ Managers owns 4,330,119 shares as of 09/30/2008, a decrease of 29.35% of from the previous quarter.
Agilent Technologies Inc. (A, Financial) Reached the 52-Week Low of $15.45
The prices of Agilent Technologies Inc. (A) shares have declined to close to the 52-week low of $15.45, which is 59.2% off the 52-week high of $37.9. Agilent Technologies Inc. is owned by 8 Gurus we are tracking. Among them, 2 have added to their positions during the past quarter. 4 reduced their positions.
Agilent Technologies is the world’s premier measurement company and a technology leader in communications electronics, life sciences, and chemical analysis. The company has a market cap of $6.22 billion with a P/E ratio of 8.3 and P/S ratio of 1.08.
Agilent Technologies recently reported its 4 th quarter 2008 results. The company said that its revenue was up 2% from last year, and also reported GAAP net income of $231 million, up 28% from a year ago. The company’s CEO said, "The world has clearly changed in the past three months. We are pleased to have performed well in a very dynamic and difficult economic environment. Fourth quarter revenues came in below the low end of our expectations because of weaker than expected Electronic Measurement markets. But, we were able to adjust to rapidly changing conditions, and our adjusted net income(1) came in at the high end of our guidance."
John Hussman bought 650,000 shares in the quarter that ended on 09/30/2008. Chris Davis owns 27,293,958 shares as of 09/30/2008, which accounts for 1.08% of the $74.87 billion portfolio of Davis Selected Advisers. Jean-Marie Eveillard owns 673,030 shares as of 09/30/2008, a decrease of 28.29% of from the previous quarter.
Calpine Corp. (CPN, Financial) Reached the 52-Week Low of $6.8
The prices of Calpine Corp. (CPN) shares have declined to close to the 52-week low of $6.8, which is 70.6% off the 52-week high of $23. Calpine Corp. is owned by 4 Gurus we are tracking. Among them, 2 have added to their positions during the past quarter. 2 reduced their positions.
Calpine is a major U.S. power company capable of delivering nearly 24000 megawatts of clean cost-effective reliable and fuel-efficient electricity to customers and communities in 18 states in the U.S. The company has a market cap of $3.36 billion; its shares were traded at around $6.8 with and P/S ratio of 0.42.
Calpine recently reported its third quarter 2008 and year-to-date results. The company announced that its Operating Revenues increased 37%. The company also said that its Adjusted EBITA was up 17%. Compared to the first nine months of 2007, operating revenues for the first nine months of 2008 were also up 32%.
Robert Bruce owns 179,849 shares as of 09/30/2008, an increase of 125.24% from the previous quarter. This position accounts for 2.39% of the $97 million portfolio of Bruce & Co., Inc. John Keeley owns 1,335,410 shares as of 09/30/2008. Jean-Marie Eveillard owns 50,000 shares as of 09/30/2008, a decrease of 92.06% of from the previous quarter.
Hawaiian Electric Industries Inc. (HE, Financial) Reached the 52-Week Low of $21.56
The prices of Hawaiian Electric Industries Inc. (HE) shares have declined to close to the 52-week low of $21.56, which is 26.9% off the 52-week high of $29.29. Hawaiian Electric Industries Inc. is owned by 3 Gurus we are tracking. 1 have added to their positions during the past quarter. Hawaiian Electric Industries Inc. is a holding company with subsidiaries engaged in the electric utility savings bank freight transportation real estate development and other businesses primarily in the State of Hawaii and in the pursuit of independent power projects in Asia and the Pacific. It has a market cap of $2.09 billion, a P/E ratio of 12.4 and a P/S ratio of 0.83. The dividend yield of Hawaiian Electric Industries Inc. stocks is 5.34%.
Hawaiian Electric Industries Inc. recently reported solid third quarter 2008 results. The company said that "Our earnings showed significant improvement over our unusually low results in the third quarter of 2007, which included a utility customer refund accrual that reduced those results by $0.10 a share. Our utilities continued to regain financial strength due to interim rate relief received primarily in the last quarter of 2007. The bank's earnings improved 31% quarter-over-quarter, benefitting from a steeper yield curve, continued good credit quality and lower expenses resulting from performance improvement initiatives. Additionally, holding and other companies' losses in the quarter were lower than in the same period in 2007 primarily due to lower interest expense.” The company reported a net income of 44 cents per share, compared to 24 cents per share a year ago.
John Keeley owns 1,604,400 shares as of 09/30/2008, an increase of 27.04% from the previous quarter. This position accounts for 0.52% of the $9.04 billion portfolio of Keeley Fund Management. Richard Aster Jr owns 1,419,875 shares as of 09/30/2008, which accounts for 1.57% of the $2.63 billion portfolio of Meridian Fund. Jean-Marie Eveillard owns 40,000 shares as of 09/30/2008, which accounts for 0.01% of the $9.67 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.
President, Director Constance H Lau bought 2,000 shares of HE stock on 12/10/2008 at the average price of $22.87; the price of the stock has decreased by 5.73% since.
Eastman Kodak Company (EK, Financial) Reached the 52-Week Low of $6.08
The prices of Eastman Kodak Company (EK) shares have declined to close to the 52-week low of $6.08, which is 73.6% off the 52-week high of $22.69. Eastman Kodak Company is owned by 7 Gurus we are tracking. 3 have added to their positions during the past quarter. 4 reduced their positions.
Eastman Kodak Company is engaged primarily in developing manufacturing and marketing consumer professional health and other imaging products and services. The company has a market cap of $1.72 billion; its shares were traded at around $6.08 with a P/E ratio of 63.9 and P/S ratio of 0.17. The dividend yield of Eastman Kodak Company stocks is 7.8%.
Eastman Kodak recently reported its third quarter 2008 results. The company announced that it had sales of about $2.4 billion, which were down slightly from its sales a year ago. However, the company’s third quarter earnings from continued operation were $101 million, up from $32 million a year ago.
Bill Miller owns 20,720,150 shares as of 06/30/2008, an increase of 14.21% from the previous quarter. PRIMECAP Management owns 13,305,582 shares as of 09/30/2008, which accounts for 0.37% of the $55.92 billion portfolio of PRIMECAP Management. Arnold Van Den Berg owns 389,066 shares as of 09/30/2008, which accounts for 0.25% of the $2.39 billion portfolio of Century Management. Brian Rogers owns 6,300,000 shares as of 09/30/2008, which accounts for 0.52% of the $17.87 billion portfolio of T Rowe Price Equity Income Fund.
Director Barry K Taniguchi bought 384 more shares of HE stock on 07/15/2008 at the average price of $24.06; the price of the stock has decreased by 10.39% since.
