Last week's top five guru bargain stocks were Harris Corp. (HRS, Financial), TIME WARNER CABLE INC (TWC, Financial),Valero Energy Corp. (VLO, Financial), Hess Corp. (HES, Financial), and Apollo Group Inc. (APOL, Financial). According to GuruFocus updates, these stocks have declined the most since Gurus have bought.
Harris Corp. (HRS): Down 20% Since Michael Price Bought In the Quarter Ended on 2009-03-31
Michael Price added to his holdings in Telecommunications Equipment company Harris Corp. by 428.46% during the quarter ended 03/31/2009. He owned 65,000 shares of as of 03/31/2009. Harris Corporation is an international company focused on communications equipment for voice data and video applications. The company has a market cap of $3.98 billion; its shares were traded at around $30.09 with a P/E ratio of 7.6 and P/S ratio of 0.7. The dividend yield of Harris Corp. stocks is 2.7%. Harris Corp. had an annual average earning growth of 21.3% over the past 10 years.
Harris Corp. recently reported its third quarter 2008 results. The company announced that its net income was 86 cents per diluted share, and revenue was up slightly. "Our company performed very well in the third quarter with higher revenue and strong earnings," said Howard L. Lance, chairman, president and CEO. "However, order rates declined in the quarter and are expected to remain weak in the near-term, which will have a significant impact on expected results in fiscal 2010. Beyond fiscal 2010, our company is well-positioned to return to growth. We will continue to invest in acquisitions and new products to expand into adjacent markets where our advanced technologies and capabilities are discriminators. For example, feedback from our customers that have begun fielding our new Falcon lll ® manpack radios has been overwhelmingly positive. The Falcon III 117G is JTRS-approved and offers the most advanced capabilities available in the market, including wideband networking. We are confident that the radios will be widely fielded in both the U.S and international markets."
Michael Price owns 65,000 shares as of 03/31/2009, an increase of 428.46% from the previous quarter. This position accounts for 1.05% of the $178 million portfolio of MFP Investors LLC. Kenneth Fisher owns 53,995 shares as of 03/31/2009, which accounts for 0.01% of the $20.33 billion portfolio of Fisher Asset Management, LLC.
Many insiders have recently been selling off their positions in the company. Director Karen L Katen sold 4,408 shares of HRS stock on 05/12/2009 at the average price of $29.37; the price of the stock has increased by 2.45% since. Ahhh
President - BCD Timothy E Thorsteinson sold 8,000 shares of HRS stock on 02/19/2009 at the average price of $39.98; the price of the stock has decreased by 24.74% since.
TIME WARNER CABLE INC (TWC): Down 24% Since Jean-Marie Eveillard Bought In the Quarter Ended on 2009-03-31
Jean-Marie Eveillard initiated holdings in Telecommunications Equipment company TIME WARNER CABLE INC during the quarter ended 03/31/2009. He owned 16,316 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 $10.78 billion; its shares were traded at around $30.61 with a P/E ratio of 8.3 and P/S ratio of 0.6.
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.”
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 & 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 1.67% since.
Valero Energy Corp. (VLO): Down 17% Since Charles Brandes Bought In the Quarter Ended on 2009-03-31
Charles Brandes added to his holdings in Exploration & Production company Valero Energy Corp. by 104.76% during the quarter ended 03/31/2009. He owned 3,068,516 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 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.
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.
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. The company also said that it would report its second quarter results on July 28 th.
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 24.19% since.
Hess Corp. (HES): Down 11% Since Jean-Marie Eveillard Bought In the Quarter Ended on 2009-03-31
Jean-Marie Eveillard initiated holdings in Integrated Oil & Gas company Hess Corp. during the quarter ended 03/31/2009. He owned 1,067,711 shares of as of 03/31/2009. Hess Corporation is a global integrated energy company engaged in the exploration for and the production purchase transportation and sale of crude oil and natural gas as well as the production and sale of refined petroleum products electricity. Hess Corp. has a market cap of $16.44 billion; its shares were traded at around $50.28 with a P/E ratio of 10.5 and P/S ratio of 0.4. The dividend yield of Hess Corp. stocks is 0.8%. Hess Corp. had an annual average earning growth of 19.2% over the past 10 years. GuruFocus rated Hess Corp. the business predictability rank of 3.5-star.
David Einhorn bought 1,300,000 shares in the quarter that ended on 03/31/2009, which is 2.97% of the $2.38 billion portfolio of Greenlight Capital Inc. Jean-Marie Eveillard bought 1,067,711 shares in the quarter that ended on 03/31/2009, which is 0.78% of the $7.39 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. Ken Heebner bought 252,300 shares in the quarter that ended on 03/31/2009, which is 0.25% of the $5.4 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. John Rogers owns 472,340 shares as of 03/31/2009, a decrease of 21.92% of from the previous quarter. This position accounts for 0.83% of the $3.1 billion portfolio of ARIEL CAPITAL MANAGEMENT LLC.
Hess Corp recently reported its first quarter 2009 results. The company announced a net loss of $59 million, compared to net income of $759 million in the first quarter of 2008.
Sell: Executive Vice President J Barclay Collins sold 5,000 shares of HES stock on 06/01/2009 at the average price of $68.5; the price of the stock has decreased by 26.6% since.
Apollo Group Inc. (APOL): Down 15% Since Lee Ainslie Bought In the Quarter Ended on 2009-03-31
Lee Ainslie added to his holdings in Specialized Consumer Services company Apollo Group Inc. by 13.75% during the quarter ended 03/31/2009. He owned 1,808,920 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 has a market cap of $10.74 billion; its shares were traded at around $66.97 with a P/E ratio of 17.2 and P/S ratio of 3.4. 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 Group recently reported its third quarter 2009 results. The company announced that its net revenue for the quarter was over $1 billion, up 26% compared to results as of the third quarter of 2008. Net income was $1.26 per share, compared to 85 cents per share in the third quarter of 2008. “We are pleased to report a record third quarter, driven largely by continuing increases in enrollments and improved student retention at University of Phoenix,” said Co-Chief Executive Officer of Apollo Group, Chas Edelstein. “When our students succeed academically, we succeed financially and, for the first time in a quarter, Apollo surpassed the $1 billion revenue mark.”
Steve Mandel bought 1,888,980 shares in the quarter that ended on 03/31/2009, which is 2.25% of the $6.58 billion portfolio of Lone Pine Capital. 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. This position accounts for 2.6% of the $5.45 billion portfolio of Maverick Capital.
Lee Ainslie owns 1,808,920 shares as of 03/31/2009, which accounts for 2.6% of the $5.45 billion portfolio of Maverick Capital. Dodge & Cox owns 6,250 shares as of 03/31/2009, which accounts for less than 0.01% of the $54.08 billion portfolio of Dodge & Cox. 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 0.93% since.
Harris Corp. (HRS): Down 20% Since Michael Price Bought In the Quarter Ended on 2009-03-31
Michael Price added to his holdings in Telecommunications Equipment company Harris Corp. by 428.46% during the quarter ended 03/31/2009. He owned 65,000 shares of as of 03/31/2009. Harris Corporation is an international company focused on communications equipment for voice data and video applications. The company has a market cap of $3.98 billion; its shares were traded at around $30.09 with a P/E ratio of 7.6 and P/S ratio of 0.7. The dividend yield of Harris Corp. stocks is 2.7%. Harris Corp. had an annual average earning growth of 21.3% over the past 10 years.
Harris Corp. recently reported its third quarter 2008 results. The company announced that its net income was 86 cents per diluted share, and revenue was up slightly. "Our company performed very well in the third quarter with higher revenue and strong earnings," said Howard L. Lance, chairman, president and CEO. "However, order rates declined in the quarter and are expected to remain weak in the near-term, which will have a significant impact on expected results in fiscal 2010. Beyond fiscal 2010, our company is well-positioned to return to growth. We will continue to invest in acquisitions and new products to expand into adjacent markets where our advanced technologies and capabilities are discriminators. For example, feedback from our customers that have begun fielding our new Falcon lll ® manpack radios has been overwhelmingly positive. The Falcon III 117G is JTRS-approved and offers the most advanced capabilities available in the market, including wideband networking. We are confident that the radios will be widely fielded in both the U.S and international markets."
Michael Price owns 65,000 shares as of 03/31/2009, an increase of 428.46% from the previous quarter. This position accounts for 1.05% of the $178 million portfolio of MFP Investors LLC. Kenneth Fisher owns 53,995 shares as of 03/31/2009, which accounts for 0.01% of the $20.33 billion portfolio of Fisher Asset Management, LLC.
Many insiders have recently been selling off their positions in the company. Director Karen L Katen sold 4,408 shares of HRS stock on 05/12/2009 at the average price of $29.37; the price of the stock has increased by 2.45% since. Ahhh
President - BCD Timothy E Thorsteinson sold 8,000 shares of HRS stock on 02/19/2009 at the average price of $39.98; the price of the stock has decreased by 24.74% since.
TIME WARNER CABLE INC (TWC): Down 24% Since Jean-Marie Eveillard Bought In the Quarter Ended on 2009-03-31
Jean-Marie Eveillard initiated holdings in Telecommunications Equipment company TIME WARNER CABLE INC during the quarter ended 03/31/2009. He owned 16,316 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 $10.78 billion; its shares were traded at around $30.61 with a P/E ratio of 8.3 and P/S ratio of 0.6.
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.”
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 & 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 1.67% since.
Valero Energy Corp. (VLO): Down 17% Since Charles Brandes Bought In the Quarter Ended on 2009-03-31
Charles Brandes added to his holdings in Exploration & Production company Valero Energy Corp. by 104.76% during the quarter ended 03/31/2009. He owned 3,068,516 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 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.
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.
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. The company also said that it would report its second quarter results on July 28 th.
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 24.19% since.
Hess Corp. (HES): Down 11% Since Jean-Marie Eveillard Bought In the Quarter Ended on 2009-03-31
Jean-Marie Eveillard initiated holdings in Integrated Oil & Gas company Hess Corp. during the quarter ended 03/31/2009. He owned 1,067,711 shares of as of 03/31/2009. Hess Corporation is a global integrated energy company engaged in the exploration for and the production purchase transportation and sale of crude oil and natural gas as well as the production and sale of refined petroleum products electricity. Hess Corp. has a market cap of $16.44 billion; its shares were traded at around $50.28 with a P/E ratio of 10.5 and P/S ratio of 0.4. The dividend yield of Hess Corp. stocks is 0.8%. Hess Corp. had an annual average earning growth of 19.2% over the past 10 years. GuruFocus rated Hess Corp. the business predictability rank of 3.5-star.
David Einhorn bought 1,300,000 shares in the quarter that ended on 03/31/2009, which is 2.97% of the $2.38 billion portfolio of Greenlight Capital Inc. Jean-Marie Eveillard bought 1,067,711 shares in the quarter that ended on 03/31/2009, which is 0.78% of the $7.39 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. Ken Heebner bought 252,300 shares in the quarter that ended on 03/31/2009, which is 0.25% of the $5.4 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. John Rogers owns 472,340 shares as of 03/31/2009, a decrease of 21.92% of from the previous quarter. This position accounts for 0.83% of the $3.1 billion portfolio of ARIEL CAPITAL MANAGEMENT LLC.
Hess Corp recently reported its first quarter 2009 results. The company announced a net loss of $59 million, compared to net income of $759 million in the first quarter of 2008.
Sell: Executive Vice President J Barclay Collins sold 5,000 shares of HES stock on 06/01/2009 at the average price of $68.5; the price of the stock has decreased by 26.6% since.
Apollo Group Inc. (APOL): Down 15% Since Lee Ainslie Bought In the Quarter Ended on 2009-03-31
Lee Ainslie added to his holdings in Specialized Consumer Services company Apollo Group Inc. by 13.75% during the quarter ended 03/31/2009. He owned 1,808,920 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 has a market cap of $10.74 billion; its shares were traded at around $66.97 with a P/E ratio of 17.2 and P/S ratio of 3.4. 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 Group recently reported its third quarter 2009 results. The company announced that its net revenue for the quarter was over $1 billion, up 26% compared to results as of the third quarter of 2008. Net income was $1.26 per share, compared to 85 cents per share in the third quarter of 2008. “We are pleased to report a record third quarter, driven largely by continuing increases in enrollments and improved student retention at University of Phoenix,” said Co-Chief Executive Officer of Apollo Group, Chas Edelstein. “When our students succeed academically, we succeed financially and, for the first time in a quarter, Apollo surpassed the $1 billion revenue mark.”
Steve Mandel bought 1,888,980 shares in the quarter that ended on 03/31/2009, which is 2.25% of the $6.58 billion portfolio of Lone Pine Capital. 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. This position accounts for 2.6% of the $5.45 billion portfolio of Maverick Capital.
Lee Ainslie owns 1,808,920 shares as of 03/31/2009, which accounts for 2.6% of the $5.45 billion portfolio of Maverick Capital. Dodge & Cox owns 6,250 shares as of 03/31/2009, which accounts for less than 0.01% of the $54.08 billion portfolio of Dodge & Cox. 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 0.93% since.
