Last week’s top five guru bargain stocks that were bought by Gurus were Illumina Inc, Huaneng Power International Inc, Isis Pharmaceuticals Inc, MetroPCS Communications Inc, and Palm Inc. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.
Illumina Inc. (ILMN, Financial): Down 23% Since PRIMECAP Management Bought In the Quarter Ended on 2009-09-30
PRIMECAP Management added to his holdings in Biotechnology company Illumina Inc. by 48.61% during the quarter ended 09/30/2009. The firm owned 878,300 shares of as of 09/30/2009. Illumina Inc. is a leading developer of next-generation tools for the large-scale analysis of genetic variation and function. The company has a market cap of $3.49 billion; its shares were traded at around $27.88 with a P/E ratio of 35.8 and P/S ratio of 6.1.
Illumina recently reported its third quarter results. The company announced that its revenue was $158.4 million, a 5% increase over the $150.3 million reported in the third quarter of 2008. The Company also reported net income for the quarter of $17.1 million, or $0.12 per diluted share, compared to net loss of $10.1 million, or ($0.08) per diluted share in the comparable period of 2008.
PRIMECAP Management owns 878,300 shares as of 09/30/2009, an increase of 48.61% from the previous quarter. This position accounts for 0.07% of the $56.46 billion portfolio of PRIMECAP Management.
Sell:: President & CEO Jay T Flatley sold 20,000 shares of ILMN stock on 12/10/2009 at the average price of 27.52, the price of the stock has increased by 1.31% since. Many other insiders have also decreased their positions in the company.
Huaneng Power International Inc. (HNP, Financial): Down 23% Since Bruce Kovner Bought In the Quarter Ended on 2009-09-30
Bruce Kovner initiated holdings in Electricity company Huaneng Power International Inc. during the quarter ended 09/30/2009. He owned 11,724 shares of as of 09/30/2009. Huaneng Power Intl. develops, constructs, owns and operates large coal-fired power plants throughout China. They own and operate power plants located in Liaoning, Fujian, Hebei, Jiangsu and Guangdong. Huaneng Power International Inc. has a market cap of $6.82 billion; its shares were traded at around $22.63 with and P/S ratio of 0.7. The dividend yield of Huaneng Power International Inc. stocks is 2.6%. Huaneng Power International Inc. had an annual average earning growth of 12.8%.
Isis Pharmaceuticals Inc. (ISIS, Financial): Down 38% Since Bruce Kovner Bought In the Quarter Ended on 2009-09-30
Bruce Kovner added to his holdings in Biotechnology company Isis Pharmaceuticals Inc. by 30.81% during the quarter ended 09/30/2009. He owned 29,872 shares of as of 09/30/2009. Isis Pharmaceuticals, Inc. is a genomics-based drug discovery and development. Isis Pharmaceuticals Inc. has a market cap of $977.9 million; its shares were traded at around $9.94 with and P/S ratio of 9.2.
Iris Pharmaceuticals recently reported its third quarter 2009 results. The company announced that it had a net loss of $3.4 million, and a net operating loss of $6.9 million. "We are projecting to end 2009 in the strongest financial position in our history, maintaining our momentum of strong financial performance with our second year of profitability. And, we believe that our business model will enable us to sustain a strong financial position beyond this year. In addition to our financial success, we are performing in all other areas of our business. To date, we have reported positive top-line clinical data from our two most advanced programs, Phase 3 data on mipomersen in patients with homozygous familial hypercholesterolemia and most recently Phase 2 data on ISIS 113715 in patients with type 2 diabetes. Further, we and our partners have advanced a number of antisense drugs into development and into the clinic. As we approach the end of 2009, our financial position ensures that we can continue to advance our technology, discover and develop a significant number of promising new drugs, and capitalize on our technology to continue to build our financial strength," said B. Lynne Parshall, COO and CFO of Isis.
Sell:: Chairman, President, CEO Stanley T Crooke sold 50,000 shares of ISIS stock on 12/16/2009 at the average price of 10.07, the price of the stock has decreased by 1.29% since. Other insiders have also decreased their positions in the company.
MetroPCS Communications Inc. (PCS, Financial): Down 28% Since Michael Price Bought In the Quarter Ended on 2009-09-30
Michael Price added to his holdings in Mobile Telecommunications company MetroPCS Communications Inc. by 828.57% during the quarter ended 09/30/2009. He owned 325,000 shares of as of 09/30/2009. MetroPCS Communications provides wireless communications services. Metropcs Communications Inc. has a market cap of $2.63 billion; its shares were traded at around $7.45 with a P/E ratio of 14.6 and P/S ratio of 0.9.
MetroPCS recently reported its third quarter results. The company announced that its consolidated total revenue was approximately $896 million, an increase of 30% over third quarter of 2008. “This quarter we focused on managing costs; we delivered solid financial results and positioned the company for future growth. On a consolidated basis, we reported the highest consolidated quarterly Adjusted EBITDA in company history. In a seasonally slow quarter, we reported net additions that were below our expectations, due primarily to elevated churn and a deceleration in gross additions. We believe this was the result of continued U.S. macro-economic weakness, an increasingly competitive environment, and upward adjustments we made to the price of certain handsets,” said Roger D. Linquist, Chairman, President and Chief Executive Officer of MetroPCS.
Richard Perry bought 1,250,000 shares in the quarter that ended on 09/30/2009, which is 1.02% of the $1.15 billion portfolio of Perry Capital. George Soros bought 294,060 shares in the quarter that ended on 09/30/2009, which is 0.06% of the $4.41 billion portfolio of Soros Fund Management LLC. Michael Price owns 325,000 shares as of 09/30/2009, an increase of 828.57% from the previous quarter. This position accounts for 0.9% of the $338 million portfolio of MFP Investors LLC.
Palm Inc. (PALM): Down 30% Since Richard Perry Bought In the Quarter Ended on 2009-09-30
Richard Perry added to his holdings in Computer Hardware company Palm Inc. by 225% during the quarter ended 09/30/2009. He owned 5,200,000 shares of as of 09/30/2009. Palm, Inc is a mobile computing company. It has a market cap of $1.65 billion; its shares were traded at around $10.17 with and P/S ratio of 2.2.
Palm Inc. recently announced its third quarter results. The company reported that total revenues in the second quarter of fiscal year 2010, ended Nov. 27, 2009, were $78.1 million. Gross profit was $5.5 million, and gross margin was 7%.
Richard Perry owns 5,200,000 shares as of 09/30/2009, an increase of 225% from the previous quarter. This position accounts for 7.89% of the $1.15 billion portfolio of Perry Capital. John Griffin owns 2,377,775 shares as of 09/30/2009, an increase of 74.1% from the previous quarter. This position accounts for 0.94% of the $4.42 billion portfolio of Blue Ridge Capital. Andreas Halvorsen owns 101,798 shares as of 09/30/2009, which accounts for 0.02% of the $7.83 billion portfolio of Viking Global Investors LP.
Buy:: Director, 10% Owner Fred D Anderson bought 2,153,846 shares of PALM stock on 09/22/2009 at the average price of 16.25, the price of the stock has decreased by 37.42% since. Many other insiders have also increased their positions in the company.
For the complete list of stocks that Guru Bargains, go to: Value Bargains of Gurus.
Illumina Inc. (ILMN, Financial): Down 23% Since PRIMECAP Management Bought In the Quarter Ended on 2009-09-30
PRIMECAP Management added to his holdings in Biotechnology company Illumina Inc. by 48.61% during the quarter ended 09/30/2009. The firm owned 878,300 shares of as of 09/30/2009. Illumina Inc. is a leading developer of next-generation tools for the large-scale analysis of genetic variation and function. The company has a market cap of $3.49 billion; its shares were traded at around $27.88 with a P/E ratio of 35.8 and P/S ratio of 6.1.
Illumina recently reported its third quarter results. The company announced that its revenue was $158.4 million, a 5% increase over the $150.3 million reported in the third quarter of 2008. The Company also reported net income for the quarter of $17.1 million, or $0.12 per diluted share, compared to net loss of $10.1 million, or ($0.08) per diluted share in the comparable period of 2008.
PRIMECAP Management owns 878,300 shares as of 09/30/2009, an increase of 48.61% from the previous quarter. This position accounts for 0.07% of the $56.46 billion portfolio of PRIMECAP Management.
Sell:: President & CEO Jay T Flatley sold 20,000 shares of ILMN stock on 12/10/2009 at the average price of 27.52, the price of the stock has increased by 1.31% since. Many other insiders have also decreased their positions in the company.
Huaneng Power International Inc. (HNP, Financial): Down 23% Since Bruce Kovner Bought In the Quarter Ended on 2009-09-30
Bruce Kovner initiated holdings in Electricity company Huaneng Power International Inc. during the quarter ended 09/30/2009. He owned 11,724 shares of as of 09/30/2009. Huaneng Power Intl. develops, constructs, owns and operates large coal-fired power plants throughout China. They own and operate power plants located in Liaoning, Fujian, Hebei, Jiangsu and Guangdong. Huaneng Power International Inc. has a market cap of $6.82 billion; its shares were traded at around $22.63 with and P/S ratio of 0.7. The dividend yield of Huaneng Power International Inc. stocks is 2.6%. Huaneng Power International Inc. had an annual average earning growth of 12.8%.
Isis Pharmaceuticals Inc. (ISIS, Financial): Down 38% Since Bruce Kovner Bought In the Quarter Ended on 2009-09-30
Bruce Kovner added to his holdings in Biotechnology company Isis Pharmaceuticals Inc. by 30.81% during the quarter ended 09/30/2009. He owned 29,872 shares of as of 09/30/2009. Isis Pharmaceuticals, Inc. is a genomics-based drug discovery and development. Isis Pharmaceuticals Inc. has a market cap of $977.9 million; its shares were traded at around $9.94 with and P/S ratio of 9.2.
Iris Pharmaceuticals recently reported its third quarter 2009 results. The company announced that it had a net loss of $3.4 million, and a net operating loss of $6.9 million. "We are projecting to end 2009 in the strongest financial position in our history, maintaining our momentum of strong financial performance with our second year of profitability. And, we believe that our business model will enable us to sustain a strong financial position beyond this year. In addition to our financial success, we are performing in all other areas of our business. To date, we have reported positive top-line clinical data from our two most advanced programs, Phase 3 data on mipomersen in patients with homozygous familial hypercholesterolemia and most recently Phase 2 data on ISIS 113715 in patients with type 2 diabetes. Further, we and our partners have advanced a number of antisense drugs into development and into the clinic. As we approach the end of 2009, our financial position ensures that we can continue to advance our technology, discover and develop a significant number of promising new drugs, and capitalize on our technology to continue to build our financial strength," said B. Lynne Parshall, COO and CFO of Isis.
Sell:: Chairman, President, CEO Stanley T Crooke sold 50,000 shares of ISIS stock on 12/16/2009 at the average price of 10.07, the price of the stock has decreased by 1.29% since. Other insiders have also decreased their positions in the company.
MetroPCS Communications Inc. (PCS, Financial): Down 28% Since Michael Price Bought In the Quarter Ended on 2009-09-30
Michael Price added to his holdings in Mobile Telecommunications company MetroPCS Communications Inc. by 828.57% during the quarter ended 09/30/2009. He owned 325,000 shares of as of 09/30/2009. MetroPCS Communications provides wireless communications services. Metropcs Communications Inc. has a market cap of $2.63 billion; its shares were traded at around $7.45 with a P/E ratio of 14.6 and P/S ratio of 0.9.
MetroPCS recently reported its third quarter results. The company announced that its consolidated total revenue was approximately $896 million, an increase of 30% over third quarter of 2008. “This quarter we focused on managing costs; we delivered solid financial results and positioned the company for future growth. On a consolidated basis, we reported the highest consolidated quarterly Adjusted EBITDA in company history. In a seasonally slow quarter, we reported net additions that were below our expectations, due primarily to elevated churn and a deceleration in gross additions. We believe this was the result of continued U.S. macro-economic weakness, an increasingly competitive environment, and upward adjustments we made to the price of certain handsets,” said Roger D. Linquist, Chairman, President and Chief Executive Officer of MetroPCS.
Richard Perry bought 1,250,000 shares in the quarter that ended on 09/30/2009, which is 1.02% of the $1.15 billion portfolio of Perry Capital. George Soros bought 294,060 shares in the quarter that ended on 09/30/2009, which is 0.06% of the $4.41 billion portfolio of Soros Fund Management LLC. Michael Price owns 325,000 shares as of 09/30/2009, an increase of 828.57% from the previous quarter. This position accounts for 0.9% of the $338 million portfolio of MFP Investors LLC.
Palm Inc. (PALM): Down 30% Since Richard Perry Bought In the Quarter Ended on 2009-09-30
Richard Perry added to his holdings in Computer Hardware company Palm Inc. by 225% during the quarter ended 09/30/2009. He owned 5,200,000 shares of as of 09/30/2009. Palm, Inc is a mobile computing company. It has a market cap of $1.65 billion; its shares were traded at around $10.17 with and P/S ratio of 2.2.
Palm Inc. recently announced its third quarter results. The company reported that total revenues in the second quarter of fiscal year 2010, ended Nov. 27, 2009, were $78.1 million. Gross profit was $5.5 million, and gross margin was 7%.
Richard Perry owns 5,200,000 shares as of 09/30/2009, an increase of 225% from the previous quarter. This position accounts for 7.89% of the $1.15 billion portfolio of Perry Capital. John Griffin owns 2,377,775 shares as of 09/30/2009, an increase of 74.1% from the previous quarter. This position accounts for 0.94% of the $4.42 billion portfolio of Blue Ridge Capital. Andreas Halvorsen owns 101,798 shares as of 09/30/2009, which accounts for 0.02% of the $7.83 billion portfolio of Viking Global Investors LP.
Buy:: Director, 10% Owner Fred D Anderson bought 2,153,846 shares of PALM stock on 09/22/2009 at the average price of 16.25, the price of the stock has decreased by 37.42% since. Many other insiders have also increased their positions in the company.
For the complete list of stocks that Guru Bargains, go to: Value Bargains of Gurus.
