GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Weekly Guru Bargain Highlights: MEMC Electronic Materials Inc, MetroPCS Communications Inc, Omnicare Inc, Advance Auto Parts Inc, URS Corp.

October 24, 2009 | About:

guruyt

4 followers
Last week's top five guru bargain stocks were MEMC Electronic Materials Inc, MetroPCS Communications Inc, Omnicare Inc, Advance Auto Parts Inc, and URS Corp. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

MEMC Electronic Materials Inc. (WFR): Down 22% Since Jean-Marie Eveillard Bought In the Quarter Ended on 2009-06-30

Jean-Marie Eveillard initiated holdings in Semiconductors company MEMC Electronic Materials Inc. during the quarter ended 06/30/2009. He owned 25,000 shares of as of 06/30/2009. MEMC Electronic Materials Inc. is a leading global producer of polysilicon and silicon wafers. Memc Electronic Materials Inc. has a market cap of $2.93 billion; its shares were traded at around $13.87 with a P/E ratio of 8.7 and P/S ratio of 1.5. Memc Electronic Materials Inc. had an annual average earning growth of 50% over the past 5 years.

MEMC recently reported its third quarter results. The company announced that its net sales were $310 million, and its gross profit was $20.5 million, or 6.6% of net sales. The company reported a loss of 29 cents per share.

Jean-Marie Eveillard bought 25,000 shares in the quarter that ended on 06/30/2009, which is less than 0.01% of the $8.91 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. Arnold Van Den Berg owns 346,975 shares as of 06/30/2009, an increase of 493.32% from the previous quarter. This position accounts for 0.43% of the $1.43 billion portfolio of Century Management. David Einhorn owns 3,643,849 shares as of 06/30/2009, a decrease of 50% of from the previous quarter. This position accounts for 2.35% of the $2.76 billion portfolio of Greenlight Capital Inc.

Sell:: Director on 05/11/2009C Douglas Marsh sold 15,000 shares of WFR stock at the average price of 17.64, the price of the stock has decreased by 21.37% since

MetroPCS Communications Inc. (PCS): Down 59% 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 $2.42 billion; its shares were traded at around $6.64 with a P/E ratio of 16 and P/S ratio of 0.8.

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.

“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.

Sell:: COO on 06/01/2009Thomas Christopher Keys sold 6,800 shares of PCS stock at the average price of 17.5, the price of the stock has decreased by 62.06% since. Many other insiders have also decreased their positions in the company.

Omnicare Inc. (OCR): Down 12% Since NWQ Managers Bought In the Quarter Ended on 2009-06-30

NWQ Managers added to his holdings in Health Care Providers company Omnicare Inc. by 85.04% during the quarter ended 06/30/2009. The management company owned 369,627 shares of as of 06/30/2009. Omnicare Inc, a Fortune five hundred company based in Covington Kentucky is a leading provider of pharmaceutical care for the elderly. The company has a market cap of $2.72 billion; its shares were traded at around $22.77 with a P/E ratio of 9 and P/S ratio of 0.4. The dividend yield of Omnicare Inc. stocks is 0.4%. Omnicare Inc. had an annual average earning growth of 13.2% over the past 10 years. GuruFocus rated Omnicare Inc. the business predictability rank of 4-star.

Omnicare recently reported that it would report its third quarter results on November 5th, 2009. The company also reported, for its second quarter 2009 results, that its Earnings per diluted share from continuing operations were 36 cents versus 28 cents from a year ago. Commenting on the results for the quarter, Joel F. Gemunder, Omnicare’s president and chief executive officer, said, “We are pleased to report quarterly results that were consistent with our expectations and again reflect strong year-over-year earnings growth. Our financial performance continues to benefit from the execution of strategic objectives to enhance Omnicare’s growth and profitability along with certain favorable trends in the pharmaceutical marketplace. We achieved sequential net bed growth during the quarter along with continued strong growth in our specialty pharmacy business. Then, too, ongoing progress was made in our productivity improvement and cost reduction initiatives, both in terms of lowering operating costs and in increasing cash flow. In fact, our operating cash flow from continuing operations for the quarter was up 65% versus the prior-year quarter allowing us to further strengthen our financial position.”

NWQ Managers owns 369,627 shares as of 06/30/2009, an increase of 85.04% from the previous quarter. This position accounts for 0.06% of the $14.8 billion portfolio of NWQ Investment Management Co. Arnold Schneider owns 372,555 shares as of 06/30/2009, which accounts for 0.67% of the $1.44 billion portfolio of Schneider Capital Management. Wallace Weitz owns 2,133,730 shares as of 06/30/2009, which accounts for 3.57% of the $1.54 billion portfolio of Weitz Wallace R & Co. Richard Snow owns 1,924,271 shares as of 06/30/2009, which accounts for 2.53% of the $1.96 billion portfolio of Snow Capital Management, L.P..

Advance Auto Parts Inc. (AAP): Down 13% Since John Keeley Bought In the Quarter Ended on 2009-06-30

John Keeley added to his holdings in Specialty Retailers company Advance Auto Parts Inc. by 103.9% during the quarter ended 06/30/2009. He owned 39,760 shares of as of 06/30/2009. Advance Auto Parts Inc. is a specialty retailer of automotive parts accessories and maintenance items to `do-it-yourself` customers. Advance Auto Parts Inc. has a market cap of $3.41 billion; its shares were traded at around $36.7 with a P/E ratio of 12 and P/S ratio of 0.7. The dividend yield of Advance Auto Parts Inc. stocks is 0.6%. Advance Auto Parts Inc. had an annual average earning growth of 11.6% over the past 5 years.

Advance Auto Parts recently reported its second quarter 2009 results. The company announced that its second quarter diluted EPS was 83 cents. Year to date EPS was $1.92, increasing 21% from last year.

George Soros bought 5,300 shares in the quarter that ended on 06/30/2009, which is 0.01% of the $2.61 billion portfolio of Soros Fund Management LLC. John Keeley owns 39,760 shares as of 06/30/2009, an increase of 103.9% from the previous quarter. This position accounts for 0.03% of the $5.82 billion portfolio of Keeley Fund Management.

Sell:: SVP, Customer Experience on 08/20/2009Kenneth Allan Jr Wirth sold 72,000 shares of AAP stock at the average price of 43.11, the price of the stock has decreased by 14.87% since

URS Corp. (URS): Down 13% Since John Keeley Bought In the Quarter Ended on 2009-06-30

John Keeley initiated holdings in Business Support Services company URS Corp. during the quarter ended 06/30/2009. He owned 260,000 shares of as of 06/30/2009. URS Corporation offers a broad range of planning design and program and construction management services for transportation hazardous waste industrial processing and petrochemical general building and water/wastewater projects. The company has a market cap of $3.31 billion; its shares were traded at around $40.6 with a P/E ratio of 13.1 and P/S ratio of 0.3.

URS recently reported its second quarter results. URS Corporation (URS) today reported its financial results for the second quarter of fiscal 2009, which ended on July 3, 2009. Revenues for the quarter were $2.30 billion, compared with revenues of $2.53 billion during the second quarter of 2008. URS net income was $95.1 million, compared with the $59.4 million reported in the year-ago period, and diluted earnings per share (“EPS”) were $1.16, compared with $0.70 reported for the second quarter of 2008. Revenues for the first six months of 2009 were $4.82 billion, compared with revenues of $4.79 billion for the first six months of 2008. URS net income was $170.6 million, compared with the $108.8 million reported in the year-ago period, and diluted EPS was $2.08, compared with $1.29 reported for the first six months of 2008.

John Keeley bought 260,000 shares in the quarter that ended on 06/30/2009, which is 0.22% of the $5.82 billion portfolio of Keeley Fund Management. David Einhorn owns 3,194,924 shares as of 06/30/2009, a decrease of 27.96% of from the previous quarter. This position accounts for 5.73% of the $2.76 billion portfolio of Greenlight Capital Inc. David Dreman owns 60,500 shares as of 06/30/2009, a decrease of 89.65% of from the previous quarter. This position accounts for 0.1% of the $3.12 billion portfolio of Dreman Value Management.

Sell:: Director, CEO, Chairman, Pres. on 05/18/2009Martin M Koffel sold 100,000 shares of URS stock at the average price of 46.76, the price of the stock has decreased by 13.17% since. Other insiders have also decreased their positions in the company.

About the author:

guruyt
Saj Karsan founded an investment and research firm that is based on the principles of value investing. He has an MBA from the Richard Ivey School of Business, and an undergraduate engineering degree from McGill University.

Rating: 3.0/5 (1 vote)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK