Last week's top guru bargain stocks were Time Warner Cable Inc, Burger King Holdings Inc, Pepco Holdings Inc, SLM Corp, and Apollo Group Inc. According to GuruFocus updates, these stocks have declined the most since Gurus have bought in the first quarter.
Time Warner Cable Inc. (TWC, Financial): Down 20% Since Brian Rogers Bought In the Quarter Ended on 2009-03-31
Brian Rogers initiated holdings in Broadcasting & Entertainment company Time Warner Cable Inc. during the quarter ended 03/31/2009. He owned 1,275,967 shares of as of 03/31/2009. Time Warner Cable Inc. is the second-largest cable operator in the U.S. and an industry leader in developing and launching innovative video data and voice services. It has a market cap of $10.56 billion; its shares were traded at around $32.42 with a P/E ratio of 8.6 and P/S ratio of 0.6.
Time Warner Cable recently reported its first quarter 2009 results. The company announced that its revenue increased 5% year over year to $4.4 billion. Revenue was $4.2 billion a year ago in the same period. Time Warner Cable Chief Executive Officer Glenn Britt said: “Time Warner Cable performed well in the first quarter, growing revenues, adjusted OIBDA and free cash flow from last year. We added very healthy numbers of new subscribers to our video, high-speed data and phone services, and our commercial services business continued to grow rapidly. We’re excited to be an independent company. Cable is a very good business, and our operations are strong and growing despite a challenging economy. We continue to generate very healthy free cash flow which will enable us to reduce debt over the next year.”
Dodge & Cox bought 18,546,987 shares in the quarter that ended on 03/31/2009, which is 0.85% of the $54.08 billion portfolio of Dodge & Cox. Brian Rogers bought 1,275,967 shares in the quarter that ended on 03/31/2009, which is 0.28% of the $11.33 billion portfolio of T Rowe Price Equity Income Fund. Lee Ainslie bought 541,964 shares in the quarter that ended on 03/31/2009, which is 0.25% of the $5.45 billion portfolio of Maverick Capital. Kenneth Fisher bought 1,532,907 shares in the quarter that ended on 03/31/2009, which is 0.19% of the $20.33 billion portfolio of Fisher Asset Management, LLC. Richard Pzena bought 84,790 shares in the quarter that ended on 03/31/2009, which is 0.03% of the $6.95 billion portfolio of Pzena Investment Management LLC. Jean-Marie Eveillard bought 16,316 shares in the quarter that ended on 03/31/2009, which is 0.01% of the $7.39 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. George Soros sold out his holdings in the quarter that ended on 03/31/2009. John Paulson sold out his holdings in the quarter that ended on 03/31/2009.
Sell: EVP & Chief Strategy Officer Peter C Stern sold 193 shares of TWC stock on 04/30/2009 at the average price of $31.74; the price of the stock has increased by 2.14% since.
Burger King Holdings Inc. ( BKC): Down 23% Since Richard Aster Jr Bought In the Quarter Ended on 2009-03-31
Richard Aster Jr initiated holdings in Burger King Holdings Inc. during the quarter ended 03/31/2009. He owned 328,300 shares of as of 03/31/2009. Burger King Holdings Inc. through its subsidiaries owns and franchises fast food hamburger restaurants. The company has a market cap of $2.26 billion; its shares were traded at around $16.81 with a P/E ratio of 11.9 and P/S ratio of 1. The dividend yield of Burger King Holdings Inc. stocks is 1.4%.
Burger King recently reported its fiscal third quarter 2009 results. The company announced that its revenue for the quarter was $600 million, up 1% compared to revenues a year ago. The company also announced that this was its 21 st consecutive quarter of worldwide positive sales, and 20 th consecutive quarter of U.S and Canada positive sales. “We continue to post top-line growth even in this challenging macroeconomic environment,” said John Chidsey, chairman and chief executive officer, Burger King Corp. “We delivered our 21 st consecutive quarter of worldwide positive comp sales, our annual net restaurant growth remains on track and our cash flow generation remains strong.
Richard Aster Jr bought 328,300 shares in the quarter that ended on 03/31/2009, which is 0.45% of the $1.69 billion portfolio of Meridian Fund. Robert Olstein owns 240,000 shares as of 03/31/2009, a decrease of 40.92% of from the previous quarter. This position accounts for 1.34% of the $411 million portfolio of Olstein Financial Alert Fund.
Sell: CFO Ben K Wells sold 7,166 shares of BKC stock on 12/01/2008 at the average price of $20.89; the price of the stock has decreased by 19.53% since.
Pepco Holdings Inc. ( POM): Down 18% Since Robert Bruce Bought In the Quarter Ended on 2009-03-31
Robert Bruce added to his holdings in Pepco Holdings Inc. by 458.72% during the quarter ended 03/31/2009. He owned 60,900 shares of as of 03/31/2009. Pepco Holdings Inc. is an energy holding company. Pepco has been providing reliable electric service for more than one hundred years. It has a market cap of $2.72 billion; its shares were traded at around $12.42 with a P/E ratio of 7.7 and P/S ratio of 0.2. The dividend yield of Pepco Holdings Inc. stocks is 8.7%.
Pepco Holdings recently reported its fourth quarter and full year 2008 results. The company reported that it had earnings of about $300 million, or $1.47 per share. This is $34 million lower than the company's earnings results of 2007. “The year 2008 marks an outstanding year of financial performance for our operating businesses,” said Dennis R. Wraase, Chairman of the Board. “In Power Delivery, we set out to earn a fair return on our infrastructure investments, control costs and start the process of decoupling revenue from kilowatt hour sales. Our results for the year reflect our achievements in these areas as well as the performance of Conectiv Energy and Pepco Energy Services, each of which continued its track record of posting strong results.”
David Dreman bought 15,070 shares in the quarter that ended on 03/31/2009, which is less than 0.01% of the $5.74 billion portfolio of Dreman Value Management. Robert Bruce owns 60,900 shares as of 03/31/2009, an increase of 458.72% from the previous quarter. This position accounts for 1.01% of the $72 million portfolio of Bruce & Co., Inc.. John Hussman owns 300,000 shares as of 03/31/2009, an increase of 50% from the previous quarter. This position accounts for 0.09% of the $4.07 billion portfolio of Hussman Economtrics Advisors, Inc..
Buy: President and CEO Joseph M Rigby bought 10,000 shares of POM stock on 03/09/2009 at the average price of $10.23; the price of the stock has increased by 21.41% since.
SLM Corp. ( SLM): Down 23% Since David Dreman Bought In the Quarter Ended on 2009-03-31
David Dreman initiated holdings in Consumer Finance company SLM Corp. during the quarter ended 03/31/2009. He owned 39,370 shares of as of 03/31/2009. SLM Corporation is the one of nation's largest private sources of funding and servicing support for higher education loans for students and their parents. The company has a market cap of $2.72 billion; its shares were traded at around $5.82 with a P/E ratio of 8.6 and P/S ratio of 0.4. SLM Corp. had an annual average earning growth of 12.8% over the past 10 years.
SLM recently reported its first quarter 2009 results. The company announced that its first quarter net income was $14 million. However, after payment of dividends to holders of the company's preferred stock, the company reported a core earnings diluted loss per common share of 3 cents.
David Dreman bought 39,370 shares in the quarter that ended on 03/31/2009, which is less than 0.01% of the $5.74 billion portfolio of Dreman Value Management. Irving Kahn owns 1,138,113 shares as of 03/31/2009, an increase of 10.84% from the previous quarter. This position accounts for 1.62% of the $347 million portfolio of Kahn Brothers & Company Inc.. Charles Brandes owns 442,233 shares as of 03/31/2009, a decrease of 96.1% of from the previous quarter. This position accounts for 0.01% of the $16.16 billion portfolio of Brandes Investment. PRIMECAP Management sold out his holdings in the quarter that ended on 03/31/2009.
Buy: Executive Vice President & CLO John J Hewes bought 15,000 shares of SLM stock on 01/30/2009 at the average price of $11.4; the price of the stockApollo Group Inc hasApollo Group Inc decreased by 48.95% since.
Apollo Group Inc. ( APOL): Down 22% Since Ken Heebner Bought In the Quarter Ended on 2009-03-31
Ken Heebner added to his holdings in Specialized Consumer Services company Apollo Group Inc. by 22.52% during the quarter ended 03/31/2009. He owned 3,920,500 shares of as of 03/31/2009. Apollo Group Inc. has been providing higher education to working adults for over 25 years. The company has a market cap of $9.81 billion; its shares were traded at around $61.19 with a P/E ratio of 17.6 and P/S ratio of 3.1. Apollo Group Inc. had an annual average earning growth of 29.1% over the past 10 years. GuruFocus rated Apollo Group Inc. the business predictability rank of 4-star.
Apollo recently reported its second quarter 2009 results. The company announced that its net revenue was $876 million, which was 26.3% higher than its second quarter 2008 results. “We are pleased with the growth in revenue and enrollments in our second quarter and we believe we are continuing to benefit from investments we are making in key academic and operational areas,” said Chas Edelstein, Chief Executive Officer of Apollo Group. “ University of Phoenix again contributed significantly to our results, driven by 20% Degreed Enrollment growth, bringing the total during the quarter to nearly 400,000 students. This growth would not be possible without the incredible commitment of our faculty and staff who work tirelessly to provide a high level of academic quality in the classroom and outstanding support to our students.”
Kenneth Fisher bought 2,650 shares in the quarter that ended on 03/31/2009, which is less than 0.01% of the $20.33 billion portfolio of Fisher Asset Management, LLC. Ken Heebner owns 3,920,500 shares as of 03/31/2009, an increase of 22.52% from the previous quarter. Lee Ainslie owns 1,808,920 shares as of 03/31/2009, an increase of 13.75% from the previous quarter. Andreas Halvorsen owns 5,781,300 shares as of 03/31/2009, a decrease of 32.43% of from the previous quarter. This position accounts for 12.67% of the $3.58 billion portfolio of Viking Global Investors LP.
Buy: SVP, CFO & Treasurer Brian L Swartz bought 1,000 shares of APOL stock on 04/03/2009 at the average price of $67.6; the price of the stock has decreased by 9.48% since.
Time Warner Cable Inc. (TWC, Financial): Down 20% Since Brian Rogers Bought In the Quarter Ended on 2009-03-31
Brian Rogers initiated holdings in Broadcasting & Entertainment company Time Warner Cable Inc. during the quarter ended 03/31/2009. He owned 1,275,967 shares of as of 03/31/2009. Time Warner Cable Inc. is the second-largest cable operator in the U.S. and an industry leader in developing and launching innovative video data and voice services. It has a market cap of $10.56 billion; its shares were traded at around $32.42 with a P/E ratio of 8.6 and P/S ratio of 0.6.
Time Warner Cable recently reported its first quarter 2009 results. The company announced that its revenue increased 5% year over year to $4.4 billion. Revenue was $4.2 billion a year ago in the same period. Time Warner Cable Chief Executive Officer Glenn Britt said: “Time Warner Cable performed well in the first quarter, growing revenues, adjusted OIBDA and free cash flow from last year. We added very healthy numbers of new subscribers to our video, high-speed data and phone services, and our commercial services business continued to grow rapidly. We’re excited to be an independent company. Cable is a very good business, and our operations are strong and growing despite a challenging economy. We continue to generate very healthy free cash flow which will enable us to reduce debt over the next year.”
Dodge & Cox bought 18,546,987 shares in the quarter that ended on 03/31/2009, which is 0.85% of the $54.08 billion portfolio of Dodge & Cox. Brian Rogers bought 1,275,967 shares in the quarter that ended on 03/31/2009, which is 0.28% of the $11.33 billion portfolio of T Rowe Price Equity Income Fund. Lee Ainslie bought 541,964 shares in the quarter that ended on 03/31/2009, which is 0.25% of the $5.45 billion portfolio of Maverick Capital. Kenneth Fisher bought 1,532,907 shares in the quarter that ended on 03/31/2009, which is 0.19% of the $20.33 billion portfolio of Fisher Asset Management, LLC. Richard Pzena bought 84,790 shares in the quarter that ended on 03/31/2009, which is 0.03% of the $6.95 billion portfolio of Pzena Investment Management LLC. Jean-Marie Eveillard bought 16,316 shares in the quarter that ended on 03/31/2009, which is 0.01% of the $7.39 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. George Soros sold out his holdings in the quarter that ended on 03/31/2009. John Paulson sold out his holdings in the quarter that ended on 03/31/2009.
Sell: EVP & Chief Strategy Officer Peter C Stern sold 193 shares of TWC stock on 04/30/2009 at the average price of $31.74; the price of the stock has increased by 2.14% since.
Burger King Holdings Inc. ( BKC): Down 23% Since Richard Aster Jr Bought In the Quarter Ended on 2009-03-31
Richard Aster Jr initiated holdings in Burger King Holdings Inc. during the quarter ended 03/31/2009. He owned 328,300 shares of as of 03/31/2009. Burger King Holdings Inc. through its subsidiaries owns and franchises fast food hamburger restaurants. The company has a market cap of $2.26 billion; its shares were traded at around $16.81 with a P/E ratio of 11.9 and P/S ratio of 1. The dividend yield of Burger King Holdings Inc. stocks is 1.4%.
Burger King recently reported its fiscal third quarter 2009 results. The company announced that its revenue for the quarter was $600 million, up 1% compared to revenues a year ago. The company also announced that this was its 21 st consecutive quarter of worldwide positive sales, and 20 th consecutive quarter of U.S and Canada positive sales. “We continue to post top-line growth even in this challenging macroeconomic environment,” said John Chidsey, chairman and chief executive officer, Burger King Corp. “We delivered our 21 st consecutive quarter of worldwide positive comp sales, our annual net restaurant growth remains on track and our cash flow generation remains strong.
Richard Aster Jr bought 328,300 shares in the quarter that ended on 03/31/2009, which is 0.45% of the $1.69 billion portfolio of Meridian Fund. Robert Olstein owns 240,000 shares as of 03/31/2009, a decrease of 40.92% of from the previous quarter. This position accounts for 1.34% of the $411 million portfolio of Olstein Financial Alert Fund.
Sell: CFO Ben K Wells sold 7,166 shares of BKC stock on 12/01/2008 at the average price of $20.89; the price of the stock has decreased by 19.53% since.
Pepco Holdings Inc. ( POM): Down 18% Since Robert Bruce Bought In the Quarter Ended on 2009-03-31
Robert Bruce added to his holdings in Pepco Holdings Inc. by 458.72% during the quarter ended 03/31/2009. He owned 60,900 shares of as of 03/31/2009. Pepco Holdings Inc. is an energy holding company. Pepco has been providing reliable electric service for more than one hundred years. It has a market cap of $2.72 billion; its shares were traded at around $12.42 with a P/E ratio of 7.7 and P/S ratio of 0.2. The dividend yield of Pepco Holdings Inc. stocks is 8.7%.
Pepco Holdings recently reported its fourth quarter and full year 2008 results. The company reported that it had earnings of about $300 million, or $1.47 per share. This is $34 million lower than the company's earnings results of 2007. “The year 2008 marks an outstanding year of financial performance for our operating businesses,” said Dennis R. Wraase, Chairman of the Board. “In Power Delivery, we set out to earn a fair return on our infrastructure investments, control costs and start the process of decoupling revenue from kilowatt hour sales. Our results for the year reflect our achievements in these areas as well as the performance of Conectiv Energy and Pepco Energy Services, each of which continued its track record of posting strong results.”
David Dreman bought 15,070 shares in the quarter that ended on 03/31/2009, which is less than 0.01% of the $5.74 billion portfolio of Dreman Value Management. Robert Bruce owns 60,900 shares as of 03/31/2009, an increase of 458.72% from the previous quarter. This position accounts for 1.01% of the $72 million portfolio of Bruce & Co., Inc.. John Hussman owns 300,000 shares as of 03/31/2009, an increase of 50% from the previous quarter. This position accounts for 0.09% of the $4.07 billion portfolio of Hussman Economtrics Advisors, Inc..
Buy: President and CEO Joseph M Rigby bought 10,000 shares of POM stock on 03/09/2009 at the average price of $10.23; the price of the stock has increased by 21.41% since.
SLM Corp. ( SLM): Down 23% Since David Dreman Bought In the Quarter Ended on 2009-03-31
David Dreman initiated holdings in Consumer Finance company SLM Corp. during the quarter ended 03/31/2009. He owned 39,370 shares of as of 03/31/2009. SLM Corporation is the one of nation's largest private sources of funding and servicing support for higher education loans for students and their parents. The company has a market cap of $2.72 billion; its shares were traded at around $5.82 with a P/E ratio of 8.6 and P/S ratio of 0.4. SLM Corp. had an annual average earning growth of 12.8% over the past 10 years.
SLM recently reported its first quarter 2009 results. The company announced that its first quarter net income was $14 million. However, after payment of dividends to holders of the company's preferred stock, the company reported a core earnings diluted loss per common share of 3 cents.
David Dreman bought 39,370 shares in the quarter that ended on 03/31/2009, which is less than 0.01% of the $5.74 billion portfolio of Dreman Value Management. Irving Kahn owns 1,138,113 shares as of 03/31/2009, an increase of 10.84% from the previous quarter. This position accounts for 1.62% of the $347 million portfolio of Kahn Brothers & Company Inc.. Charles Brandes owns 442,233 shares as of 03/31/2009, a decrease of 96.1% of from the previous quarter. This position accounts for 0.01% of the $16.16 billion portfolio of Brandes Investment. PRIMECAP Management sold out his holdings in the quarter that ended on 03/31/2009.
Buy: Executive Vice President & CLO John J Hewes bought 15,000 shares of SLM stock on 01/30/2009 at the average price of $11.4; the price of the stockApollo Group Inc hasApollo Group Inc decreased by 48.95% since.
Apollo Group Inc. ( APOL): Down 22% Since Ken Heebner Bought In the Quarter Ended on 2009-03-31
Ken Heebner added to his holdings in Specialized Consumer Services company Apollo Group Inc. by 22.52% during the quarter ended 03/31/2009. He owned 3,920,500 shares of as of 03/31/2009. Apollo Group Inc. has been providing higher education to working adults for over 25 years. The company has a market cap of $9.81 billion; its shares were traded at around $61.19 with a P/E ratio of 17.6 and P/S ratio of 3.1. Apollo Group Inc. had an annual average earning growth of 29.1% over the past 10 years. GuruFocus rated Apollo Group Inc. the business predictability rank of 4-star.
Apollo recently reported its second quarter 2009 results. The company announced that its net revenue was $876 million, which was 26.3% higher than its second quarter 2008 results. “We are pleased with the growth in revenue and enrollments in our second quarter and we believe we are continuing to benefit from investments we are making in key academic and operational areas,” said Chas Edelstein, Chief Executive Officer of Apollo Group. “ University of Phoenix again contributed significantly to our results, driven by 20% Degreed Enrollment growth, bringing the total during the quarter to nearly 400,000 students. This growth would not be possible without the incredible commitment of our faculty and staff who work tirelessly to provide a high level of academic quality in the classroom and outstanding support to our students.”
Kenneth Fisher bought 2,650 shares in the quarter that ended on 03/31/2009, which is less than 0.01% of the $20.33 billion portfolio of Fisher Asset Management, LLC. Ken Heebner owns 3,920,500 shares as of 03/31/2009, an increase of 22.52% from the previous quarter. Lee Ainslie owns 1,808,920 shares as of 03/31/2009, an increase of 13.75% from the previous quarter. Andreas Halvorsen owns 5,781,300 shares as of 03/31/2009, a decrease of 32.43% of from the previous quarter. This position accounts for 12.67% of the $3.58 billion portfolio of Viking Global Investors LP.
Buy: SVP, CFO & Treasurer Brian L Swartz bought 1,000 shares of APOL stock on 04/03/2009 at the average price of $67.6; the price of the stock has decreased by 9.48% since.
