Free 7-day Trial
All Articles and Columns »

Weekly Guru Bargains Highlights: American Express Company, Markel Corp, Sara Lee Corp, Murphy Oil Corp, Lexmark International Inc.

Last week's top five guru bargain stocks were American Express Company (AXP), Markel Corp (MKL), Sara Lee Corp(SLE), Murphy Oil Corp (MUR), and Lexmark International Inc(LXK).

For the complete list of stocks that Guru Bargains, go to: Value Bargains of Gurus.

American Express Company (AXP): Down 56% Since Jean-Marie Eveillard Bought In the Quarter Ended on 2008-09-30

Jean-Marie Eveillard added to his holdings in Consumer Finance company American Express Company by 14.2% during the quarter ended 09/30/2008. He owned 9,735,579 shares of as of 09/30/2008. American Express Company is primarily engaged in the business of providing travel related services financial advisory services and international banking services throughout the world. The company has a market cap of $22.42 billion with a P/E ratio of 6 and P/S ratio of 0.81. The dividend yield of American Express Company stocks is 3.72%. American Express Company had an annual average earning growth of 1.3% over the past 10 years.

American Express Company reported third quarter 2008 results on October 20, 2008. The company announced that its net income was $815 for the quarter, down 24% compared to a year ago. Consolidated revenues were up 3%, and consolidated expenses were up 4%. “While we continued to generate a substantial level of earnings this quarter, bottom line results were down from a year ago as growth in Cardmember spending slowed, lending volumes moderated, and we set aside significant additions to our loan loss reserves,” said Kenneth I. Chenault, chairman and chief executive officer.

Arnold Van Den Berg bought 990,071 shares in the quarter that ended on 09/30/2008, which is 1.47% of the $2.39 billion portfolio of Century Management. Charles Brandes owns 581,408 shares as of 09/30/2008, an increase of 2478.42% from the previous quarter. Jean-Marie Eveillard owns 9,735,579 shares as of 09/30/2008, which accounts for 3.57% of the $9.67 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. Glenn Greenberg sold out his holdings in the quarter that ended on 09/30/2008.

Markel Corp. (MKL): Down 21% Since Ruane Cunniff Bought In the Quarter Ended on 2008-09-30

Ruane Cunniff initiated holdings in Property & Casualty Insurance company Markel Corp. during the quarter ended 09/30/2008. He owned 613 shares of as of 09/30/2008. Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets. The company has a market cap of $2.9 billion; its shares were traded at around $297.5 with a P/E ratio of 16.7 and P/S ratio of 1.17. Markel Corp. had an annual average earning growth of 31.4% over the past 5 years.

Markel Corporation recently reported its first nine months and third quarter 2008 results. The company announced a net loss of $14.46 per share for the third quarter, compared to a net gain of $9.26 for the third quarter of 2007. Net loss was $2.63 for the first nine months of 2008, compared to a gain of $31.28 in the same period of 2007.

Ruane Cunniff bought 613 shares in the quarter that ended on 09/30/2008, which is less than 0.01% of the $9.47 billion portfolio of Ruane & Cunniff & Goldfarb Inc. Bruce Berkowitz owns 750 shares as of 09/30/2008, which accounts for less than 0.01% of the $9.54 billion portfolio of Fairholme Capital Managment. John Rogers owns 478,323 shares as of 09/30/2008, a decrease of 29.93% of from the previous quarter. This position accounts for 2.49% of the $6.74 billion portfolio of ARIEL CAPITAL MANAGEMENT LLC.

Director Douglas C Eby sold 182 shares of MKL stock on 11/12/2008 at the average price of $305.25; the price of the stock has decreased by 2.54% since.

Sara Lee Corp. (SLE): Down 26% Since Robert Olstein Bought In the Quarter Ended on 2008-09-30

Robert Olstein initiated holdings in Food Products company Sara Lee Corp. during the quarter ended 09/30/2008. He owned 709,300 shares of as of 09/30/2008. Sara Lee Corporation is a global manufacturer and marketer of high-quality brand-name products for consumers throughout the world. The company has a market cap of $7.16 billion with a P/E ratio of 9.7 and P/S ratio of 0.54. The dividend yield of Sara Lee Corp. stocks is 4.34%.

On November 5 th, 2008, Sara Lee Corp reported its first quarter fiscal 2009 results. The company announced that its Diluted EPS was 32 cents per share, compared to 28 cents per share in the first quarter of 2008. The company also reported a net income of $230 million.

Robert Olstein bought 709,300 shares in the quarter that ended on 09/30/2008, which is 1.12% of the $799 million portfolio of Olstein Financial Alert Fund. Joel Greenblatt bought 38,219 shares in the quarter that ended on 09/30/2008, which is 0.76% of the $63 million portfolio of Gotham Capital. NWQ Managers owns 15,000 shares as of 09/30/2008, which accounts for less than 0.01% of the $20.62 billion portfolio of NWQ Investment Management Co. Charles Brandes owns 39,979,139 shares as of 09/30/2008, which accounts for 1.83% of the $27.58 billion portfolio of Brandes Investment. Richard Pzena owns 11,183,907 shares as of 09/30/2008, which accounts for 1.07% of the $13.21 billion portfolio of Pzena Investment Management LLC.

Chairman & CEO, Director Brenda C Barnes bought 10,000 shares of SLE stock on 11/11/2008 at the average price of $9.6; the price of the stock has increased by 3.96% since.

Murphy Oil Corp. (MUR): Down 41% Since Ken Heebner Bought In the Quarter Ended on 2008-09-30

Ken Heebner initiated holdings in Exploration & Production company Murphy Oil Corp. during the quarter ended 09/30/2008. He owned 350,000 shares of as of 09/30/2008. Murphy Oil Corporation is a worldwide oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom and crude oil transportation and trading operations in Canada. It has a market cap of $9.04 billion, a P/E ratio of 4.8 and a P/S ratio of 0.49. The dividend yield of Murphy Oil Corp. stocks is 2.11%. Murphy Oil Corp. had an annual average earning growth of 18.4% over the past 10 years. GuruFocus rated Murphy Oil Corp. the business predictability rank of 3.5-star.

Ken Heebner bought 350,000 shares in the quarter that ended on 09/30/2008, which is 0.2% of the $11.29 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. HOTCHKIS & WILEY bought 418,500 shares in the quarter that ended on 09/30/2008, which is 0.18% of the $15.02 billion portfolio of HOTCHKIS & WILEY Capital Management LLC. David Williams owns 1,500,000 shares as of 09/30/2008, which accounts for 1.17% of the $8.23 billion portfolio of Columbia Value and Restructuring Fund. Jean-Marie Eveillard owns 1,068,045 shares as of 09/30/2008, a decrease of 23.46% of from the previous quarter. Chris Davis and David Tepper both sold out their holdings in the quarter that ended on 09/30/2008.

Director William C Jr Nolan bought 1,000 shares of MUR stock on 09/26/2008 at the average price of $68.5; the price of the stock has decreased by 33.65% since.

Lexmark International Inc. (LXK): Down 26% Since Joel Greenblatt Bought In the Quarter Ended on 2008-09-30

Joel Greenblatt initiated holdings in Computer Hardware company Lexmark International Inc. during the quarter ended 09/30/2008. He owned 13,337 shares of as of 09/30/2008. Lexmark International Inc. makes it easier for businesses and consumers to move information between the digital and paper worlds. The company has a market cap of $2.14 billion with a P/E ratio of 6.1 and P/S ratio of 0.43. Lexmark International Inc. had an annual average earning growth of 7.1% over the past 10 years.

Lexmark International recently reported its third quarter 2008 results. The company announced that its revenue was $1.13, in line with the company's expectations. The company's GAAP was 42 cents per share. The company also repurchased $274 million worth of shares.

"Although we encountered increasing economic weakness during the third quarter, our results were in line with our expectations at the beginning of the quarter, with good growth in our branded laser units and laser supplies, an improved performance in our U.S. laser business, strong growth in laser multifunction devices, and an ongoing R&D investment that resulted in the introduction of 38 new laser products yesterday," said Paul J. Curlander, Lexmark chairman and chief executive officer. "As we look forward, despite a more difficult global economic environment, we expect to continue to make progress with our strategy to improve our focus and penetration in the higher usage market segments. Our strong balance sheet and good liquidity, with more than $1 billion in cash and marketable securities, and a long track record of good cash generation, positions us well to invest in the future and to compete effectively, even during challenging times."

Joel Greenblatt bought 13,337 shares in the quarter that ended on 09/30/2008, which is 0.68% of the $63 million portfolio of Gotham Capital. Third Avenue Management owns 2,475,165 shares as of 09/30/2008, which accounts for 1.25% of the $4.78 billion portfolio of Third Avenue Management.

VP, Gen Counsel & Secretary Robert J Patton bought 3,380 shares of LXK stock on 10/29/2008 at the average price of $26.1; the price of the stock has decreased by 2.49% since.


Rating: 4.2/5 (6 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
Hide