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Weekly Guru Bargain Highlights: GenProbe Inc, Leap Wireless International Inc, Hess Corp, Sprint Nextel Corp. (S), The Buckle Inc.

According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

GenProbe Inc. (GPRO): Down 12% Since Ron Baron Bought In the Quarter Ended on 2009-06-30

Ron Baron added to his holdings in Biotechnology company GenProbe Inc. by 17.34% during the quarter ended 06/30/2009. He owned 2,289,224 shares of as of 06/30/2009. Gen-Probe Inc. is a global leader in the development manufacture and marketing of rapid accurate and cost-effective nucleic acid testing (NAT) products used for the clinical diagnosis of human diseases and for screening donated human blood. Genprobe Inc. has a market cap of $2.03 billion; its shares were traded at around $39 with a P/E ratio of 20.7 and P/S ratio of 4.3. Genprobe Inc. had an annual average earning growth of 10.7% over the past 5 years.

GenProbe recently reported its second quarter results. The company announced that its EPS was 45 cents per share. "Gen-Probe posted solid earnings in the second quarter of 2009 as a good performance from our core STD franchise, the inclusion of initial revenues from our Tepnel acquisition, and portfolio gains outweighed lower-than-expected blood screening sales," said Carl Hull, the Company's president and chief executive officer. "In addition, the key R&D projects that we expect to boost future growth - including our PANTHER instrument and new tests for human papillomavirus (HPV), prostate cancer and trichomonas - remain on track."

Richard Aster Jr bought 199,200 shares in the quarter that ended on 06/30/2009, which is 0.43% of the $1.98 billion portfolio of Meridian Fund. Ron Baron owns 2,289,224 shares as of 06/30/2009, an increase of 17.34% from the previous quarter. This position accounts for 0.82% of the $11.99 billion portfolio of Baron Funds.

Sell: Senior VP, General Counsel R William Bowen sold 4,362 shares of GPRO stock on 08/25/2009 at the average price of $39.67; the price of the stock has decreased by 1.69% since.

Leap Wireless International Inc. (LEAP): Down 51% Since Jean-Marie Eveillard Bought In the Quarter Ended on 2009-06-30

Jean-Marie Eveillard added to his holdings in Mobile Telecommunications company Leap Wireless International Inc. by 543.56% during the quarter ended 06/30/2009. He owned 452,360 shares of as of 06/30/2009. Leap Wireless is a customer-focused company providing innovative mobile wireless services that are targeted to meet the needs of customers who are under-served by traditional communications companies. It has a market cap of $1.34 billion; its shares were traded at around $17.33 with and P/S ratio of 0.6.

LEAP recently reported its second quarter results. The company announced that its revenues increased 30% compared to results from a year ago. “The Company delivered solid financial performance in the second quarter and for the first half of the year. We believe this solid performance reflects our ability to execute on our long-term strategy. The rapid transformations taking place within the wireless industry have not changed our positive long-term view, but will have an impact on our performance for the balance of 2009, and the outlook for the Company has been revised appropriately. Our superior products, state-of-the-art 3G network, broad and diverse distribution channels and value leadership supported by our industry-leading cost structure provide us with a long-term competitive advantage to attract and retain customers in the wireless marketplace,” said Doug Hutcheson, Leap's president and chief executive officer.

Lee Ainslie bought 2,532,494 shares in the quarter that ended on 06/30/2009, which is 1.29% of the $6.44 billion portfolio of Maverick Capital. Jean-Marie Eveillard owns 452,360 shares as of 06/30/2009, an increase of 543.56% from the previous quarter. This position accounts for 0.17% of the $8.91 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.

Buy: Capital Partners Mas Harbinger bought 300,000 shares of LEAP stock on 05/28/2009 at the average price of $37.7; the price of the stock has decreased by 54.03% since.

Hess Corp. (HES): Down 11% Since George Soros Bought In the Quarter Ended on 2009-06-30

George Soros added to his holdings in Integrated Oil & Gas company Hess Corp. by 39.97% during the quarter ended 06/30/2009. He owned 5,123,198 shares of as of 06/30/2009. 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. It has a market cap of $16.94 billion; its shares were traded at around $51.8 with a P/E ratio of 22.1 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.

HES recently reported its second quarter results. Net income was $100 million compared to $900 million in the second quarter of 2008. Oil and gas production was up per day, about 14,000 barrels.

George Soros owns 5,123,198 shares as of 06/30/2009, an increase of 39.97% from the previous quarter. This position accounts for 10.56% of the $2.61 billion portfolio of Soros Fund Management LLC. Jean-Marie Eveillard owns 167,146 shares as of 06/30/2009, a decrease of 84.35% of from the previous quarter. This position accounts for 0.1% of the $8.91 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. Ken Heebner sold out his holdings in the quarter that ended on 06/30/2009. David Einhorn sold out his holdings in the quarter that ended on 06/30/2009.

Sell: Senior Vice President John J Scelfo sold 5,000 shares of HES stock on 08/10/2009 at the average price of $54.56; the price of the stock has decreased by 5.06% since. Other insiders have also reduced their positions in the company.

Sprint Nextel Corp. Series 1 (S): Down 23% Since Kenneth Fisher Bought In the Quarter Ended on 2009-06-30

Kenneth Fisher added to his holdings in Fixed Line Telecommunications company Sprint Nextel Corp. Series 1 by 23.12% during the quarter ended 06/30/2009. He owned 15,999 shares of as of 06/30/2009. Sprint Nextel offers a comprehensive range of wireless and wireline communications services to consumer business and government customers. Sprint has a market cap of $10.82 billion; its shares were traded at around $3.77 with and P/S ratio of 0.3.

Sprint reported second quarter 2009 results. The company announced that it had net revenues of $8.1 billion, and a net loss of 13 cents per diluted share. “In the second quarter, we made further progress on our efforts to enhance financial stability, improve the customer experience and reinvigorate the brand,” said Dan Hesse, Sprint Nextel CEO. “The widespread visibility surrounding our record-breaking June launch of the Palm ® Pre™ handset gave us an unprecedented opportunity to showcase these improvements to customers as ‘a new Sprint.’ They saw a 3G network described by PC World magazine as the most reliable among competitors, key satisfaction and performance metrics in customer care improving for 18 straight months, advertising that won the top international award in Cannes, and a stable balance sheet with 2009 long-term debt maturities paid and enough cash on hand to cover maturities through 2011.”

Kenneth Fisher owns 15,999 shares as of 06/30/2009, an increase of 23.12% from the previous quarter. This position accounts for less than 0.01% of the $24.67 billion portfolio of Fisher Asset Management, LLC. Private Capital owns 12,058,881 shares as of 06/30/2009, a decrease of 21.99% of from the previous quarter. This position accounts for 4.02% of the $1.44 billion portfolio of Private Capital Management. Donald Yacktman sold out his holdings in the quarter that ended on 06/30/2009. George Soros sold out his holdings in the quarter that ended on 06/30/2009.

Sprint was recently bought by its CEO. Buy: CFO Robert H Brust bought 2,605 shares of S stock on 08/17/2009 at the average price of $3.79; the price of the stock has decreased by 0.53% since.

The Buckle Inc. (BKE): Down 20% Since Arnold Van Den Berg Bought In the Quarter Ended on 2009-06-30

Arnold Van Den Berg initiated holdings in Apparel Retailers company The Buckle Inc. during the quarter ended 06/30/2009. He owned 10,450 shares of as of 06/30/2009. Buckle Inc. is a retailer of medium to better-priced casual apparel for young men and women. The company has a market cap of $1.25 billion; its shares were traded at around $27.07 with a P/E ratio of 11 and P/S ratio of 1.5. The dividend yield of The Buckle Inc. stocks is 3%. The Buckle Inc. had an annual average earning growth of 7.1% over the past 10 years. GuruFocus rated The Buckle Inc. the business predictability rank of 2.5-star.

The Buckle recently reported its second quarter results. The company announced that its net sales were $792 million for the fiscal year ended January 31 st, 2009. Net income was 55 cents per share, or 54 cents per diluted share.

John Hussman bought 75,000 shares in the quarter that ended on 06/30/2009, which is 0.05% of the $5.08 billion portfolio of Hussman Economtrics Advisors, Inc.. Arnold Van Den Berg bought 10,450 shares in the quarter that ended on 06/30/2009, which is 0.02% of the $1.43 billion portfolio of Century Management. Ken Heebner sold out his holdings in the quarter that ended on 06/30/2009.

Sell: PRESIDENT & CEO Dennis H Nelson sold 22,496 shares of BKE stock on 06/02/2009 at the average price of $37.02; the price of the stock has decreased by 26.88% since.

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

About the author:

guruyt
Mark's equity focus is identifying secular growth trends, and the companies most likely to benefit from these macro trends. Stocks are identified through fundamental analysis, although basic technical analysis is used in determining entry and exit points. With a degree in Economics from the University of Michigan, a broader understanding of the economy as a whole, along with interpreting investor psychology is also a major interest for Mark. His career background has focused on financial analysis in corporate America. Visit Mark's website at http://www.fundmymutualfund.com/

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