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Weekly Guru Bargain Highlights: Tessera Technologies Inc, Global Industries Ltd, Apollo Group Inc, Rite Aid Corp, Jack In The Box Inc.

November 22, 2009 | About:
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Last week's top five guru bargains were Tessera Technologies Inc, Global Industries Ltd, Apollo Group Inc, Rite Aid Corp, and Jack In The Box Inc. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Tessera Technologies Inc. (TSRA): Down 11% Since George Soros Bought In the Quarter Ended on 2009-09-30

George Soros initiated holdings in Semiconductors company Tessera Technologies Inc. during the quarter ended 09/30/2009. He owned 21,600 shares of as of 09/30/2009. Tessera Technologies Inc. has a market cap of $1.17 billion; its shares were traded at around $23.66 with a P/E ratio of 13.8 and P/S ratio of 4.8. Tessera Technologies Inc. had an annual average earning growth of 50.7% over the past 5 years.

The company recently reported its third quarter results. Revenues were $66.1 million. "Better than anticipated results from our Micro-electronics customers drove our third quarter 2009 revenue to $66.1 million," said Henry R. Nothhaft, president and chief executive officer, Tessera. "Roughly 60% of DRAM sold today is in the DDR2 format. DDR3, also packaged in our patented chip-scale packaging technology, is expected to become the primary DRAM format by mid-2010. Due to improvements in speed and performance, it is anticipated DDR3 will remain the primary format through at least 2013. Tessera is well positioned to benefit from this transition and the long-term growth of the DRAM market, which we expect will drive growth in our Micro-electronics business. With respect to our Imaging & Optics business, we signed three new licensing agreements in the third quarter, for technologies ranging from our Wafer-level Packaging to Optical and Embedded Image Enhancement, and expect them to further drive our Imaging & Optics royalty revenue growth in 2010. We continue to expand our research and development resources that are focused on Wafer-level Camera and Silent Air Cooling."

George Soros bought 21,600 shares in the quarter that ended on 09/30/2009, which is 0.01% of the $4.41 billion portfolio of Soros Fund Management LLC.

Sell:: CEO & VC of the Board of DirHenry R Nothhaft sold 20,000 shares of TSRA stock on 09/09/2009 at the average price of 25.45, the price of the stock has decreased by 7.03% since. Many other insiders have also decreased their positions in the company.

Global Industries Ltd. (GLBL): Down 27% Since Arnold Van Den Berg Bought In the Quarter Ended on 2009-09-30

Arnold Van Den Berg initiated holdings in Oil Equipment & Services company Global Industries Ltd. during the quarter ended 09/30/2009. His purchase prices were between $5.11 and $10.51, with an estimated average price of $8.08. Since then the prices of Global Industries Ltd. shares have declined by -27% from the estimated average. Arnold Van Den Berg owned 27,665 shares of as of 09/30/2009. Global Industries Ltd. has a market cap of $670.7 million; its shares were traded at around $5.89 with a P/E ratio of 13 and P/S ratio of 0.7.

Arnold Van Den Berg bought 27,665 shares in the quarter that ended on 09/30/2009, which is 0.02% of the $1.49 billion portfolio of Century Management.

Global Industries recently reported its third quarter results. It nnounced revenues of $203.7 million for the third quarter of 2009 compared to $218.6 million in the third quarter of 2008. Net income was $14.0 million, or $0.12 per diluted share, for the third quarter of 2009 compared to a loss of $103.1 million, or $0.90 per diluted share, in the third quarter of 2008.



Sell:: SVP-Asia Pacific & IndiaAshit Jain sold 11,100 shares of GLBL stock on 09/10/2009 at the average price of 9.8, the price of the stock has decreased by 39.9% since

Apollo Group Inc. (APOL): Down 12% Since Wallace Weitz Bought In the Quarter Ended on 2009-06-30

Wallace Weitz initiated holdings in Specialized Consumer Services company Apollo Group Inc. during the quarter ended 06/30/2009. He owned 138,110 shares of as of 06/30/2009. Apollo Group Inc. has a market cap of $8.51 billion; its shares were traded at around $55.1 with a P/E ratio of 13.1 and P/S ratio of 2.2. Apollo Group Inc. had an annual average earning growth of 29.1% over the past 10 years. GuruFocus rated Apollo Group Inc. the business predictability rank of 4-star[/url].

Apollo Group recently reported its third quarter 2009 results. The company announced that its net revenue for the quarter was over $1 billion, up 26% compared to results as of the third quarter of 2008. Net income was $1.26 per share, compared to 85 cents per share in the third quarter of 2008. “We are pleased to report a record third quarter, driven largely by continuing increases in enrollments and improved student retention at University of Phoenix,” said Co-Chief Executive Officer of Apollo Group, Chas Edelstein. “When our students succeed academically, we succeed financially and, for the first time in a quarter, Apollo surpassed the $1 billion revenue mark.”

Ken Heebner bought 1,000,000 shares in the quarter that ended on 09/30/2009, which is 1.1% of the $6.72 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. John Rogers bought 102,060 shares in the quarter that ended on 09/30/2009, which is 0.17% of the $4.51 billion portfolio of ARIEL CAPITAL MANAGEMENT LLC. George Soros bought 4,500 shares in the quarter that ended on 09/30/2009, which is 0.01% of the $4.41 billion portfolio of Soros Fund Management LLC.

Many insiders have decreased their positions in the company.

Rite Aid Corp. (RAD): Down 18% Since George Soros Bought In the Quarter Ended on 2009-09-30

George Soros added to his holdings in Drug Retailers company Rite Aid Corp. by 475.64% during the quarter ended 09/30/2009. His purchase prices were between $1.26 and $2.24, with an estimated average price of $1.56. Since then the prices of Rite Aid Corp. shares have declined by -18% from the estimated average. George Soros owned 158,300 shares of as of 09/30/2009. Rite Aid Corp. has a market cap of $1.14 billion; its shares were traded at around $1.28 .

Rite Aidreported revenues of $6.3 billion and a net loss of $116.0 million or $.14 per diluted share for its fiscal second quarter ended August 29, 2009. Adjusted EBITDA was $216.5 million or 3.4 percent of revenues.

George Soros owns 158,300 shares as of 09/30/2009, an increase of 475.64% from the previous quarter. This position accounts for 0.01% of the $4.41 billion portfolio of Soros Fund Management LLC. David Tepper owns 10,626,243 shares as of 06/30/2009, which accounts for 0.98% of the $1.63 billion portfolio of APPALOOSA MANAGEMENT LP.

Jack In The Box Inc. (JACK): Down 14% Since Kenneth Fisher Bought In the Quarter Ended on 2009-09-30

Kenneth Fisher added to his holdings in Restaurants & bars company Jack In The Box Inc. by 30.73% during the quarter ended 09/30/2009. His purchase prices were between $19.97 and $23.7, with an estimated average price of $21.48. Since then the prices of Jack In The Box Inc. shares have declined by -14% from the estimated average. Kenneth Fisher owned 1,452,541 shares of as of 09/30/2009. Jack In The Box Inc. has a market cap of $1.06 billion; its shares were traded at around $18.55 with a P/E ratio of 9.1 and P/S ratio of 0.5.

HOTCHKIS & WILEY bought 291,806 shares in the quarter that ended on 09/30/2009, which is 0.04% of the $14.26 billion portfolio of HOTCHKIS & WILEY Capital Management LLC. Robert Olstein owns 398,000 shares as of 09/30/2009, an increase of 110.47% from the previous quarter. This position accounts for 1.52% of the $537 million portfolio of Olstein Financial Alert Fund. Kenneth Fisher owns 1,452,541 shares as of 09/30/2009, an increase of 30.73% from the previous quarter. This position accounts for 0.1% of the $29.78 billion portfolio of Fisher Asset Management, LLC. Richard Aster Jr sold out his holdings in the quarter that ended on 09/30/2009.


Rating: 3.0/5 (2 votes)

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