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Weekly Guru Bargain Highlights: Leap Wireless International, The Buckle Inc, MetroPCS Communications Inc, Sprint Nextel Corp.

September 19, 2009 | About:
guruyt

guruyt

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Last week's top five guru bargain stocks were Cardinal Health Inc, Leap Wireless International Inc, The Buckle Inc, MetroPCS Communications Inc, and Sprint Nextel Corp. Series 1. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.


Leap Wireless International Inc. (LEAP): Down 42% 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 $1.57 billion; its shares were traded at around $20.32 with and P/S ratio of 0.8.

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 46.1% since.

The Buckle Inc. (BKE): Down 12% 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 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 20.04% since.

MetroPCS Communications Inc. (PCS): Down 37% Since Michael Price Bought In the Quarter Ended on 2009-06-30

Michael Price initiated holdings in Mobile Telecommunications company MetroPCS Communications Inc. during the quarter ended 06/30/2009. He owned 35,000 shares of as of 06/30/2009. MetroPCS Communications provides wireless communications services. Metropcs Communications Inc. has a market cap of $3.57 billion; its shares were traded at around $10.14 with a P/E ratio of 23.5 and P/S ratio of 1.2.

“During the quarter we focused on increasing brand awareness and delivering value to our subscribers. With our continued subscriber growth, we are now the fifth largest facilities-based wireless carrier and the largest regional facilities-based wireless carrier in the U.S. On a consolidated basis, we reported the highest Adjusted EBITDA in company history and, across all our markets we saw strong gross additions during the quarter. Although we experienced an increase in churn during the second quarter, this was due in part to our success in delivering increased gross additions over the previous nine months, seasonality and handset upgrades from customers who did not identify themselves as existing customers,” said Roger D. Linquist, Chairman, President and Chief Executive Officer of MetroPCS.

Michael Price bought 35,000 shares in the quarter that ended on 06/30/2009, which is 0.16% of the $285 million portfolio of MFP Investors LLC. Wilbur Ross owns 3,577,873 shares as of 06/30/2009, which accounts for 11.31% of the $420 million portfolio of Invesco Private Capital, Inc..

Sell: Executive VP and CFO J Braxton Ii Carter sold 137,000 shares of PCS stock on 04/02/2009 at the average price of $18.88; the price of the stock has decreased by 46.29% since.

Sprint Nextel Corp. (S): Down 13% 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 Nextel is widely recognized for developing engineering and deploying innovative technologies including two robust wireless networks offering industry leading mobile data services; instant national and international push-to-talk capabilities; and an award-winning and global Tier 1 Internet backbone. Sprint Nextel Corp. Series 1 has a market cap of $12.31 billion; its shares were traded at around $4.28 with and P/S ratio of 0.3.

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 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.”

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 increased by 12.93% since.

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


Rating: 2.8/5 (9 votes)

Comments

extramiler
Extramiler - 5 years ago
Kenneth Fisher's Purissima mutual fund (PURIX) has a very mediocre track record (89th percentile for 1 and 3 years, 72nd percentile for 5 years, and 66th percentile for 10 years, according to Lipper). Not worthy of guru status in my opinion.
yhlbb
Yhlbb - 5 years ago
"Cardinal Health Inc. (CAH): Down 16% Since George Soros Bought In the Quarter Ended on 2009-06-30 "

This is misleading. Why? Please figure out why there is price drop about $10 on 9/1/2009.

Come on gurufocus, you can do better.
Farmall
Farmall - 5 years ago
Yhlbb Cardinal Health Inc. (CAH) spun off Carefusion (CFN) on that date.
yhlbb
Yhlbb - 5 years ago
> Cardinal Health Inc. (CAH) spun off Carefusion (CFN) on that date.

Yep, that was my point.

That's why

""Cardinal Health Inc. (CAH): Down 16% Since George Soros Bought In the Quarter Ended on 2009-06-30 "

is misleading.

Please leave your comment:


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