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Weekly Guru Bargain Highlights: Allegheny Technologies Inc, MEMC Electronic Materials Inc, Lockheed Martin Corp, Omnicare Inc, The Buckle Inc.

Todd Sullivan

guruyt

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Last week's top five stocks that were guru bargain highlights were Allegheny Technologies Inc, MEMC Electronic Materials Inc, Lockheed Martin Corp, Omnicare Inc, and The Buckle Inc. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Allegheny Technologies Inc. (ATI): Down 12% Since John Keeley Bought In the Quarter Ended on 2009-06-30

John Keeley initiated holdings in Steel company Allegheny Technologies Inc. during the quarter ended 06/30/2009. He owned 349,000 shares of as of 06/30/2009. Allegheny Technologies Incorporated is one of the largest and most diversified producers of specialty materials in the world. The company has a market cap of $3.03 billion; its shares were traded at around $30.86 with a P/E ratio of 24.4 and P/S ratio of 0.6. The dividend yield of Allegheny Technologies Inc. stocks is 2.4%.

Allegheny recently reported its third quarter 2009 results. The company announced that its sales were $697.6 million, and that its net income was $1.4 million, or 1 cent per share. Year-to-date gross cost reductions was $121.4 million.

John Keeley bought 349,000 shares in the quarter that ended on 06/30/2009, which is 0.21% of the $5.82 billion portfolio of Keeley Fund Management. Kenneth Fisher owns 608,880 shares as of 09/30/2009, which accounts for 0.07% of the $29.78 billion portfolio of Fisher Asset Management, LLC.

Buy:: Director on 10/23/2009 Barabara S Jeremiah bought 1,000 shares of ATI stock at the average price of 34.62, the price of the stock has decreased by 10.86% since. Buy:: Director on 07/27/2009 Barabara S Jeremiah bought 1,000 shares of ATI stock at the average price of 27.76, the price of the stock has increased by 11.17% since.

MEMC Electronic Materials Inc. (WFR): Down 30% 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. The silicon wafer is the fundamental building block of semiconductors which in turn are found in every type of microelectronics application including computer systems telecommunications equipment automobiles consumer electronics products industrial automation and control systems. (PRESS RELEASE) Memc Electronic Materials Inc. has a market cap of $2.78 billion; its shares were traded at around $12.42 with a P/E ratio of 21.4 and P/S ratio of 1.4. 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. Jean-Marie Eveillard owns 500 shares as of 06/30/2009, which accounts for less than 0.01% of the $8.91 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. Jean-Marie Eveillard owns 500 shares as of 06/30/2009, which accounts for less than 0.01% of the $8.91 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. 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 05/11/2009 C Douglas Marsh sold 15,000 shares of WFR stock at the average price of 17.64, the price of the stock has decreased by 29.59% since

Lockheed Martin Corp. (LMT): Down 14% Since George Soros Bought In the Quarter Ended on 2009-06-30

George Soros initiated holdings in Aerospace company Lockheed Martin Corp. during the quarter ended 06/30/2009. He owned 3,500 shares of as of 06/30/2009. Lockheed Martin Corp. is a global enterprise principally engaged in the research design development manufacture and integration of advanced-technology systems products and services. The corporation has a market cap of $26.44 billion; its shares were traded at around $68.79 with a P/E ratio of 9 and P/S ratio of 0.6. The dividend yield of Lockheed Martin Corp. stocks is 3.3%. Lockheed Martin Corp. had an annual average earning growth of 5.1% over the past 10 years.

Lockheed Martin recently reported its third quarter results. The company announced third quarter net sales of $11.1 billion, and Year-to-date net sales of $32.7 billion. "Our third quarter results keep the Corporation on track to achieve full year 2009 operational and financial commitments," said Bob Stevens, Chairman, President and CEO. "Our diverse portfolio of programs is well positioned to provide critical, global security solutions to our customers as we support their changing program priorities and generate shareholder value."

Brian Rogers bought 989,300 shares in the quarter that ended on 09/30/2009, which is 0.49% of the $15.73 billion portfolio of T Rowe Price Equity Income Fund. Glenn Greenberg bought 3,754,478 shares in the quarter that ended on 06/30/2009, which is 12.71% of the $2.38 billion portfolio of Chieftain Capital Management Inc. Kenneth Fisher owns 9,445 shares as of 09/30/2009, a decrease of 44.68% of from the previous quarter. This position accounts for less than 0.01% of the $29.78 billion portfolio of Fisher Asset Management, LLC.

Omnicare Inc. (OCR): Down 16% 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. He 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 $2.59 billion; its shares were traded at around $21.67 with a P/E ratio of 8.5 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..

The Buckle Inc. (BKE): Down 11% Since John Hussman Bought In the Quarter Ended on 2009-06-30

John Hussman initiated holdings in Apparel Retailers company The Buckle Inc. during the quarter ended 06/30/2009. He owned 75,000 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 $1.39 billion; its shares were traded at around $30.01 with a P/E ratio of 12.1 and P/S ratio of 1.7. The dividend yield of The Buckle Inc. stocks is 2.7%. 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 on 06/02/2009 Dennis H Nelson sold 22,496 shares of BKE stock at the average price of 37.02, the price of the stock has decreased by 18.94% since. Other insiders have also decreased their positions in the company.

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

About the author:

guruyt
Todd Sullivan's - ValuePlays: http://valueplays.blogspot.com

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