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: Con-way Inc, Tessera Technologies Inc, Leap Wireless International Inc, EnCana Corp, American International Group Inc.

January 16, 2010 | About:
guruty

guruty

1 followers
Last week’s top guru bargain stocks were Con-way Inc, Tessera Technologies Inc, Leap Wireless International Inc, EnCana Corp, and American International Group Inc. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Con-way Inc. (CNW): Down 24% Since Richard Aster Jr Bought In the Quarter Ended on 2009-09-30

Richard Aster Jr added to his holdings in Trucking company Con-way Inc. by 17.68% during the quarter ended 09/30/2009. He owned 519,900 shares of as of 09/30/2009. Con-way Inc.is a freight transportation and logistics company with businesses in less-than-truckload and full truckload freight services, brokerage, logistics, warehousing, supply chain management and trailer manufacturing. The company has a market cap of $1.55 billion; its shares were traded at around $31.48 with a P/E ratio of 44.3 and P/S ratio of 0.3. The dividend yield of Con-way Inc. stocks is 1.3%. Con-way Inc. had an annual average earning growth of 1.2% over the past 10 years.

Richard Aster Jr owns 519,900 shares as of 09/30/2009, an increase of 17.68% from the previous quarter. This position accounts for 0.88% of the $2.26 billion portfolio of Meridian Fund. HOTCHKIS & WILEY owns 530,704 shares as of 09/30/2009, a decrease of 49.3% of from the previous quarter. This position accounts for 0.14% of the $14.26 billion portfolio of HOTCHKIS & WILEY Capital Management LLC. Richard Pzena sold out his holdings in the quarter that ended on 09/30/2009. Arnold Schneider sold out his holdings in the quarter that ended on 09/30/2009.

Sell:: Director, President & CEO Douglas Stotlar sold 26,500 shares of CNW stock on 08/04/2009 at the average price of 46.04, the price of the stock has decreased by 31.62% since. Other insiders have also decreased their positions in the company.

Tessera Technologies Inc. (TSRA): Down 29% 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 develops semiconductor packaging technology. Tessera Technologies Inc. has a market cap of $941.9 million; its shares were traded at around $18.91 with a P/E ratio of 11.1 and P/S ratio of 3.8. Tessera Technologies Inc. had an annual average earning growth of 50.7% over the past 5 years.

Tessera Technologies recently announced that it will announce its fourth quarter ended Dec. 31, 2009 earnings results after the market closes on Thursday, Jan. 28, 2010. Tessera will host an earnings conference call at 1:30 P.M. Pacific (4:30 P.M. Eastern). The company reported its third quarter results on October 29, 2009.

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 Dir Henry 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 25.7% since. Many other insiders have also decreased their positions in the company.

Leap Wireless International Inc. (LEAP): Down 30% Since George Soros Bought In the Quarter Ended on 2009-09-30

George Soros initiated holdings in Mobile Telecommunications company Leap Wireless International Inc. during the quarter ended 09/30/2009. He owned 74,400 shares of as of 09/30/2009. Leap Wireless is a provider of mobile wireless services. Leap Wireless International Inc. has a market cap of $1.17 billion; its shares were trad

LEAP Wireless recently reported its third quarter results. The company announced that its service revenues for the third quarter increased 25 percent over the prior year quarter to $541.3 million. It also announced an adjusted OIBDA of $121.5 million for the third quarter, up $24 million over the comparable period of the prior year. For the quarter, adjusted OIBDA for the Company’s existing business was $175.0 million, an increase of $28.1 million from the prior year period. This improvement reflects an approximately 263,000 year-over-year increase in end-of-period customers in existing markets and the resulting benefits of scale. The Company’s operating income for the quarter was $1.4 million, compared to $2.4 million for the third quarter of 2008.ed at around $15.16 with and P/S ratio of 0.5.

George Soros bought 74,400 shares in the quarter that ended on 09/30/2009, which is 0.03% of the $4.41 billion portfolio of Soros Fund Management LLC. Jean-Marie Eveillard owns 542,650 shares as of 09/30/2009, an increase of 19.96% from the previous quarter. This position accounts for 0.1% of the $10.76 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.

Lee Ainslie sold out his holdings in the quarter that ended on 09/30/2009.

Sell:: 10% Owner Sachs Group Inc Goldman sold 85,220 shares of LEAP stock on 10/01/2009 at the average price of 18.3, the price of the stock has decreased by 17.16% since.

EnCana Corp. (ECA): Down 34% Since George Soros Bought In the Quarter Ended on 2009-09-30

George Soros initiated holdings in Integrated Oil & Gas company EnCana Corp. during the quarter ended 09/30/2009. He owned 13,700 shares of as of 09/30/2009. EnCana Corporation is an independent natural gas producers and gas storage operators. Encana Corp. has a market cap of $25.88 billion; its shares were traded at around $34.49 with a P/E ratio of 8.4 and P/S ratio of 0.9. The dividend yield of Encana Corp. stocks is 2.2%. Encana Corp. had an annual average earning growth of 34% over the past 5 years.

EnCana generated third quarter cash flow of US$2.1 billion, or $2.77 per share, and operating earnings of $775 million, or $1.03 per share. “Our company’s solid operational and financial performance during a period of weak prices is evidence that EnCana’s strategy is working. We remain focused on being the lowest cost producer by applying advanced technologies and by pursuing operational efficiencies across all resource plays. In addition, our successful hedging program has helped us sustain strong cash flow. To help preserve the value of our resource base, we have curtailed significant natural gas production in many of our operating areas and have significant productive capacity available to bring to market as prices recover,” said Randy Eresman, EnCana’s President & Chief Executive Officer.

George Soros bought 13,700 shares in the quarter that ended on 09/30/2009, which is 0.02% of the $4.41 billion portfolio of Soros Fund Management LLC. Bill Nygren owns 1,150,000 shares as of 09/30/2009, an increase of 21.05% from the previous quarter. This position accounts for 2.21% of the $3 billion portfolio of Oak Mark Fund.

American International Group Inc. (AIG): Down 36% 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., is an international insurance organization with operations in more than one hundred thirty countries and jurisdictions. AIG has a market cap of $3.78 billion; its shares were traded at around $28.06 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.

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


Rating: 3.3/5 (8 votes)

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
Email Hide