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Weekly Guru Bargains Highlights: Isis Pharmaceuticals Inc, MetroPCS Communications Inc, American International Group Inc, Palm Inc, World Fuel Services Corp.

January 09, 2010 | About:
Last week’s top five guru bargain stocks were Isis Pharmaceuticals Inc, MetroPCS Communications Inc, American International Group Inc, Palm Inc, and World Fuel Services Corp. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Isis Pharmaceuticals Inc. (ISIS): Down 29% 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 leading genomics-based drug discoveryand development company that is focused on RNA. RNA is a novel target for drug discovery, and Isis has established a dominant position in RNA research. The company has a market cap of $1.12 billion; its shares were traded at around $11.41 with and P/S ratio of 10.4.

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 6,535 shares of ISIS stock on 12/30/2009 at the average price of 11.07, the price of the stock has increased by 3.07% since. Many other insiders have also decreased their positions in the company.

MetroPCS Communications Inc. (PCS): Down 27% 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 $2.65 billion; its shares were traded at around $7.52 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.

American International Group Inc. (AIG): Down 35% Since Ken Heebner Bought In the Quarter Ended on 2009-09-30

Ken Heebner initiated holdings in Full Line Insurance company American International Group Inc. during the quarter ended 09/30/2009. He owned 800,000 shares of as of 09/30/2009. American International Group, Inc., world leaders in insurance and financial services, is the leading international insurance organization with operations in more than one hundred thirty countries and jurisdictions. AIG has a market cap of $3.85 billion; its shares were traded at around $28.58 with and P/S ratio of 0.4. American International Group Inc. had an annual average earning growth of 11.4% over the past 10 years.

AIG recently reported its third quarter results. The company reported net income attributable to AIG of $455 million, including net income attributable to AIG common shareholders of $92 million, or $0.68 per diluted common share, compared with a net loss of $24.5 billion or $181.02 per diluted share in the third quarter of 2008. Third quarter 2009 adjusted net income was $1.9 billion, compared with an adjusted net loss of $9.2 billion in the third quarter of 2008.

Ken Heebner bought 800,000 shares in the quarter that ended on 09/30/2009, which is 0.53% of the $6.72 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. Chris Davis owns 1,369,643 shares as of 09/30/2009, which accounts for 0.1% of the $61.3 billion portfolio of Davis Selected Advisers. Kenneth Fisher sold out his holdings in the quarter that ended on 09/30/2009.

Palm Inc. (PALM): Down 24% 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., a leader in mobile computing, strives to put the power of computing in people's hands so they can access and share their most important information. The company's products include smartphones, under the Treo brand; mobile managers, under the LifeDrive brand; handheld computers, under the Tungsten and Zire brands; as well as software and accessories. Palm products are sold through select Internet, retail, reseller and wireless operator channels throughout the world, and at Palm Retail Stores and Palm online stores. Palm Inc. has a market cap of $1.81 billion; its shares were traded at around $11.18 with and P/S ratio of 2.6.

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. Lee Ainslie owns 6,416,948 shares as of 09/30/2009, a decrease of 22.31% of from the previous quarter. This position accounts for 1.35% of the $8.32 billion portfolio of Maverick Capital. Jean-Marie Eveillard sold out his holdings in the quarter that ended on 09/30/2009.

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 31.2% since. Other insiders have also increased their positions in the company.

World Fuel Services Corp. (INT): Down 39% Since Bruce Kovner Bought In the Quarter Ended on 2009-09-30

Bruce Kovner initiated holdings in Business Support Services company World Fuel Services Corp. during the quarter ended 09/30/2009. He owned 10,085 shares of as of 09/30/2009. World Fuel Services Corporation markets aviation and marine fuel services. World Fuel Services Corp. has a market cap of $1.61 billion; its shares were traded at around $27.03 with a P/E ratio of 13.7 and P/S ratio of 0.1. The dividend yield of World Fuel Services Corp. stocks is 0.5%. World Fuel Services Corp. had an annual average earnings growth of 32.7% over the past 10 years.

World Fuel Services recently reported solid third quarter 2009 results. The company announced that its third quarter net income was $29.1 million, or $0.97 diluted earnings per share compared to $40.1 million, or $1.37 diluted earnings per share in the third quarter of 2008.

Sell:: CEO Paul H Stebbins sold 50,000 shares of INT stock on 09/16/2009 at the average price of 50.27, the price of the stock has decreased by 46.23% since. Other insiders have also reduced their positions in the company.

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

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