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Weekly Guru Bargain Stocks: Telephone And Data Systems Inc, Corinthian Colleges Inc., Harris Corp., TIME WARNER CABLE INC, Valero Energy Corp.

August 02, 2009 | About:
Last week's top five guru bargain stocks were Telephone And Data Systems Inc (TDS), Corinthian Colleges Inc. (COCO), Harris Corp. (HRS), TIME WARNER CABLE INC (TWC), and Valero Energy Corp. (VLO).

Telephone And Data Systems Inc (TDS): Down 14% Since George Soros Bought In the Quarter Ended on 2009-03-31

George Soros initiated holdings in Mobile Telecommunications company Telephone And Data Systems Inc during the quarter ended 03/31/2009. He owned 73,000 shares of as of 03/31/2009.Telephone & Data Systems is a diversified telecommunications corporation. Telephone And Data Systems Inc has a market cap of $2.88 billion; its shares were traded at around $25.74 with a P/E ratio of 8 and P/S ratio of 0.6. The dividend yield of Telephone And Data Systems Inc stocks is 1.6%. Telephone And Data Systems Inc had an annual average earning growth of 8.3% over the past 5 years.

Michael Price bought 140,000 shares in the quarter that ended on 03/31/2009, which is 2.08% of the $178 million portfolio of MFP Investors LLC. George Soros bought 73,000 shares in the quarter that ended on 03/31/2009, which is 0.06% of the $3.16 billion portfolio of Soros Fund Management LLC. Mason Hawkins owns 3,001,748 shares as of 03/31/2009, which accounts for 0.47% of the $16.8 billion portfolio of Southeastern Asset Management. Daniel Loeb sold out his holdings in the quarter that ended on 03/31/2009.

Corinthian Colleges Inc. (COCO): Down 18% Since Arnold Van Den Berg Bought In the Quarter Ended on 2009-03-31

Arnold Van Den Berg initiated holdings in Specialized Consumer Services company Corinthian Colleges Inc. during the quarter ended 03/31/2009. He owned 21,700 shares of as of 03/31/2009.

Corinthian Colleges Inc. is one of the largest post-secondary education companies in North America operating colleges in states in the U.S. and seven provinces in Canada. The Company has a market cap of $1.34 billion; its shares were traded at around $15.44 with a P/E ratio of 23.7 and P/S ratio of 1.3. Corinthian Colleges Inc. had an annual average earning growth of 11% over the past 10 years.

COCO recently reported its third quarter results. The company announced that the results exceeded their previous guidance range for start growth, revenue, and EPS. "Our strong third quarter results reflect the continued progress of our business initiatives as well as some favorable impact from the recession," said Jack Massimino, Corinthian's chairman and chief executive officer. "We have now reported increased start growth for twelve consecutive quarters, and the resulting rise in student population is leveraging fixed costs. In addition, increased marketing effectiveness and lower advertising costs are producing higher quality, less expensive leads. Given all of these factors, we achieved significant operating margin expansion in the quarter and raised earnings guidance for the balance of the fiscal year."

Arnold Van Den Berg bought 21,700 shares in the quarter that ended on 03/31/2009, which is 0.03% of the $1.25 billion portfolio of Century Management.Ken Heebner owns 403,000 shares as of 03/31/2009, which accounts for 0.15% of the $5.4 billion portfolio of CAPITAL GROWTH MANAGEMENT LP.

Many insiders are recently selling off their positions in the company. Sell: Director  Pierre Paul R St sold 20,000 shares of COCO stock on 03/25/2009 at the average price of $19.9; the price of the stock has decreased by 22.41% since.

Harris Corp. (HRS): Down 17% 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 $4.15 billion; its shares were traded at around $31.31 with a P/E ratio of 7.9 and P/S ratio of 0.8. The dividend yield of Harris Corp. stocks is 2.5%. 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. David Williams owns 5,500,000 shares as of 06/30/2009, which accounts for 2.85% of the $5.47 billion portfolio of Columbia Value and Restructuring Fund. Kenneth Fisher owns 54,550 shares as of 06/30/2009, which accounts for 0.01% of the $24.67 billion portfolio of Fisher Asset Management, LLC. Jean-Marie Eveillard owns 1,600 shares as of 03/31/2009, which accounts for less than 0.01% of the $7.39 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. Ronald Muhlenkamp owns 540,413 shares as of 03/31/2009, which accounts for 2.94% of the $532 million portfolio of Muhlenkamp Fund.

Sell: 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 6.61% since.

TIME WARNER CABLE INC (TWC): Down 18% Since Lee Ainslie Bought In the Quarter Ended on 2009-03-31

Lee Ainslie initiated holdings in Broadcasting & Entertainment company TIME WARNER CABLE INC during the quarter ended 03/31/2009. He owned 541,964 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 $11.65 billion; its shares were traded at around $33.06 with a P/E ratio of 8.8 and P/S ratio of 0.7.

Time Warner Cable recently reported its second quarter 2009 results. The company announced that its revenues increased 4%, or $176 million, compared to the results of a year ago. Subscription revenues also grew 6%. Time Warner Cable Chief Executive Officer Glenn Britt said: "I'm pleased with our second quarter financial results and, in particular, with our very strong free cash flow. Despite the tough economic environment, we continue to grow, unlike many other businesses. We generated over $1 billion of free cash flow in the first half of the year, which has enabled us to reduce the debt we incurred in our recent separation from Time Warner Inc., strengthening our balance sheet and driving returns for our shareholders."

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. 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. 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.Kenneth Fisher owns 1,495,113 shares as of 06/30/2009, which accounts for 0.19% of the $24.67 billion portfolio of Fisher Asset Management, LLC. 3 Gurus Sold Out TWC.

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 increased by 6.2% since.

Valero Energy Corp. (VLO): Down 15% 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. Valero is also one of the nation's leading retail operators with retail outlets in the United States and Canada under various brand names including Diamond Shamrock Ultramar Valero Beacon and Total. Valero Energy Corp. has a market cap of $9.3 billion; its shares were traded at around $18 with a P/E ratio of 3.5 and P/S ratio of 0.1. The dividend yield of Valero Energy Corp. stocks is 3.3%. 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 second quarter 2009 results. The company announced that it had a net loss of $254 million, or 48 cents per share, compared to results of $734 million, or $1.37 per share a year ago. Net income was $55 million, or 11 cents per share for the first two quarters of 2009.

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. Kenneth Fisher owns 58,460 shares as of 06/30/2009, a decrease of 35.76% of from the previous quarter. David Dreman owns 519,775 shares as of 06/30/2009, a decrease of 80.11% of from the previous quarter. 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 21.67% since.

About the author:

guruyt
Ravi Nagarajan is a private investor and Editor of The Rational Walk website. Ravi focuses on applying value investing techniques to find securities trading well below intrinsic business value. Ravi has over 15 years of experience in the financial markets and started investing on a full time basis in 2009. From 1996 to 2009, Ravi held a number of technical and executive level positions in the commercial software industry. Ravi graduated Summa Cum Laude from Santa Clara University with a degree in finance. Visit his website The Rational Walk

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