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Weekly Guru Bargain Highlights: Valero Energy Corp, Forest Oil Corp, Time Warner Cable Inc, GameStop Corp, ITT Educational Services Inc

July 11, 2009 | About:
guruyt

guruyt

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Last week's top guru bargain stocks were Valero Energy Corp, Forest Oil Corp, TIME WARNER CABLE INC, GameStop Corp, and ITT Educational Services Inc. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Valero Energy Corp. (VLO): Down 26% Since Richard Pzena Bought In the Quarter Ended on 2009-03-31

Richard Pzena initiated holdings in Exploration & Production company Valero Energy Corp. during the quarter ended 03/31/2009. He owned 879,875 shares of as of 03/31/2009. Valero Energy Corporation owns and operates refineries in the United States and Canada with a combined throughput capacity of approximately two million BPD making it one of the nation's top refiners of petroleum products. The company has a market cap of $7.96 billion; its shares were traded at around $15.57 with a P/E ratio of 2.9 and P/S ratio of 0.1. The dividend yield of Valero Energy Corp. stocks is 3.9%. Valero Energy Corp. had an annual average earning growth of 35.9% over the past 10 years. GuruFocus rated Valero Energy Corp. the business predictability rank of 4.5-star.

Valero recently reported its first quarter 2009 results. The company announced that its net income was 59 cents per share, compared to 48 cents per share in the first quarter of 2008. “We reported positive earnings despite weaker demand,” said Bill Klesse, Valero’s Chairman of the Board and Chief Executive Officer. “In fact, our first quarter 2009 earnings per share were 23% higher than the first quarter of 2008, and 64% higher if you exclude last year’s insurance recovery. In all our regions, gasoline margins were unseasonably strong and nearly double the level in the same quarter last year. Diesel and jet fuel margins were also good in the first quarter despite being down from last year’s high levels.

Richard Pzena bought 879,875 shares in the quarter that ended on 03/31/2009, which is 0.23% of the $6.95 billion portfolio of Pzena Investment Management LLC. Wilbur Ross bought 45,000 shares in the quarter that ended on 12/31/2008, which is 0.46% of the $211 million portfolio of . Charles Brandes owns 3,068,516 shares as of 03/31/2009, an increase of 104.76% from the previous quarter. This position accounts for 0.34% of the $16.16 billion portfolio of Brandes Investment. John Griffin sold out his holdings in the quarter that ended on 03/31/2009.

Sell: Director Susan Kaufman Purcell sold 8,000 shares of VLO stock on 05/08/2009 at the average price of $22.98; the price of the stock has decreased by 32.25% since.

Forest Oil Corp. (FST): Down 16% Since David Dreman Bought In the Quarter Ended on 2009-03-31

David Dreman initiated holdings in Exploration & Production company Forest Oil Corp. during the quarter ended 03/31/2009. He owned 1,265,479 shares of as of 03/31/2009. Forest Oil Corporation is engaged in the acquisition exploration development production and marketing of natural gas and crude oil in North America. Forest Oil's principal reserves and producing properties are located in the United States in the Gulf of Mexico Louisiana Texas Oklahoma and Wyoming and in Canada in Alberta and the Northwest Territories (company press release). Forest Oil Corp. has a market cap of $1.44 billion; its shares were traded at around $12.61 with a P/E ratio of 3.7 and P/S ratio of 0.9. Forest Oil Corp. had an annual average earning growth of 4.8% over the past 10 years.

Forest Oil recently announced that it would report its second quarter 2009 results on August 4 th, 2009 at 12:00 PM.

Arnold Schneider bought 1,494,380 shares in the quarter that ended on 03/31/2009, which is 1.95% of the $1.01 billion portfolio of Schneider Capital Management. David Dreman bought 1,265,479 shares in the quarter that ended on 03/31/2009, which is 0.29% of the $5.74 billion portfolio of Dreman Value Management. Kenneth Fisher owns 28,475 shares as of 03/31/2009, which accounts for less than 0.01% of the $20.33 billion portfolio of Fisher Asset Management, LLC.

Buy: Executive VP & COO J C Ridens bought 3,000 shares of FST stock on 03/09/2009 at the average price of $10.53; the price of the stock has increased by 19.75% since.

TIME WARNER CABLE INC (TWC): Down 28% Since Richard Pzena Bought In the Quarter Ended on 2009-03-31

Richard Pzena initiated holdings in Exploration & Production company TIME WARNER CABLE INC during the quarter ended 03/31/2009. He owned 84,790 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. They deliver their services to customers over technologically-advanced well-clustered cable systems that pass approximately 26 million homes. TIME WARNER CABLE INC has a market cap of $10.61 billion; its shares were traded at around $29.11 with a P/E ratio of 8.1 and P/S ratio of 0.7.

Time Warner Cable recently reported results for the first quarter of 2008. The company announced that its revenues increased 5% ($204 million). 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.”

6 gurus have recently initiated their positions in Time Warner Cable Inc. 2 Gurus Sold Out TWC: 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 & President, TWC Ventures Carl Uj Rossetti sold 183 shares of TWC stock on 06/02/2009 at the average price of $31.13; the price of the stock has decreased by 6.49% since.

GameStop Corp. (GME): Down 21% Since Ken Heebner Bought In the Quarter Ended on 2009-03-31

Ken Heebner initiated holdings in Specialty Retailers company GameStop Corp. during the quarter ended 03/31/2009. He owned 115,000 shares of as of 03/31/2009. GameStop Corp. is the world's largest video game and entertainment software retailer. The company operates 4816 retail stores across the United States and in fifteen countries worldwide. It has a market cap of $3.57 billion; its shares were traded at around $20.44 with a P/E ratio of 8.8 and P/S ratio of 0.4. GameStop Corp. had an annual average earning growth of 11.2% over the past 5 years.

GameStop recently reported record results for the first quarter of 2009. The company announced that its net earnings increased 13.4% compared to the first quarter of 2008. Net sales also increased 9.2%.

Ken Heebner bought 115,000 shares in the quarter that ended on 03/31/2009, which is 0.06% of the $5.4 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. Kenneth Fisher owns 594,525 shares as of 03/31/2009, which accounts for 0.08% of the $20.33 billion portfolio of Fisher Asset Management, LLC.

Sell: CEO, Director Daniel A Dematteo sold 40,237 shares of GME stock on 02/11/2009 at the average price of $27.1; the price of the stock has decreased by 24.58% since.

ITT Educational Services Inc. (ESI): Down 23% Since Ken Heebner Bought In the Quarter Ended on 2009-03-31

Ken Heebner initiated holdings in Specialized Consumer Services company ITT Educational Services Inc. during the quarter ended 03/31/2009. He owned 90,000 shares of as of 03/31/2009. ITT EDUCATIONAL SERVICES INC. is a leading proprietary provider of technical postsecondary degree programs in the United States based on student enrollment. The company has a market cap of $3.59 billion; its shares were traded at around $89.62 with a P/E ratio of 16.5 and P/S ratio of 3.5. ITT Educational Services Inc. had an annual average earning growth of 32.1% over the past 10 years. GuruFocus rated ITT Educational Services Inc. the business predictability rank of 5-star.

ITT recently reported its first quarter 2009 results. The company announced that its revenue was $2.6 billion, down 8.9% compared to results from the first quarter of 2008.

Ken Heebner bought 90,000 shares in the quarter that ended on 03/31/2009, which is 0.2% of the $5.4 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. Andreas Halvorsen sold out his holdings in the quarter that ended on 03/31/2009. Wallace Weitz sold out his holdings in the quarter that ended on 03/31/2009.

Sell: Director Vin Weber sold 5,000 shares of ESI stock on 02/13/2009 at the average price of $122.77; the price of the stock has decreased by 27% since.

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


Rating: 3.4/5 (5 votes)

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