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Guru Stocks at 52-Week Lows: GameStop Corp, Corinthian Colleges Inc, Navigators Group Inc, Sycamore Networks Inc, Pennymac Mortgage Trust.

January 17, 2010 | About:
guruyt

guruyt

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Last week’s top five stocks that reached their 52-week lows were GameStop Corp, Corinthian Colleges Inc, Navigators Group Inc, Sycamore Networks Inc, and Pennymac Mortgage Trust. According to GuruFocus updates, these Guru stocks have reached their 52-week lows.

Last week’s top two out of favor industries were Banking and Fixed Line Telecommunications industries. 20 banks have reached their 52-week lows, while 27 have reached their 52-week highs, giving the industry a low/high ratio of 0.74. In the Fixed Line Telecommunications industry, 1 stock has reached its 52-week low, while 3 have reached their 52-week highs, giving the industry a low/high ratio of 0.33.

For full details about guru stocks at 52-week lows and more information, click here: http://www.gurufocus.com/52weeklow.php.

GameStop Corp. (GME) Reached the 52-Week Low of $20.5

The prices of GameStop Corp. (GME) shares have declined to close to the 52-week low of $20.5, which is 37.4% off the 52-week high of $32.42. GameStop Corp. is owned by 5 Gurus we are tracking. Among them, 3 have added to their positions during the past quarter. 3 reduced their positions.

Gamestop recently reported its third quarter results. The company announced that its total company sales in the quarter were $1.83 billion, an 8.2% increase as compared to sales of $1.70 billion in the prior year quarter. New software sales grew 9.4%, advancing our new video game market share by 150 basis points over last year. Used product sales increased 19.4%, on top of the 19.3% increase in the third quarter of 2008. Comparable store sales decreased 7.8%, attributable primarily to a decline in new video game hardware sales.

GameStop Corp. is the world's largest video game and entertainment software retailer. The company operates 4,816 retail stores across the United States and in fifteen countries worldwide. The company has a market cap of $3.38 billion; its shares were traded at around $20.5 with a P/E ratio of 8.9 and P/S ratio of 0.4. Gamestop Corp. had an annual average earning growth of 11.2% over the past 5 years.

Richard Snow bought 106,200 shares in the quarter that ended on 09/30/2009, which is 0.11% of the $2.47 billion portfolio of Snow Capital Management, L.P.. Kenneth Fisher owns 607,285 shares as of 09/30/2009, which accounts for 0.05% of the $29.78 billion portfolio of Fisher Asset Management, LLC.

Sell:: Director Jerome L Davis sold 15,000 shares of GME stock on 11/24/2009 at the average price of 25.62, the price of the stock has decreased by 19.98% since.

Corinthian Colleges Inc. (COCO) Reached the 52-Week Low of $13.45

The prices of Corinthian Colleges Inc. (COCO) shares have declined to close to the 52-week low of $13.45, which is 38.8% off the 52-week high of $21.47. Corinthian Colleges Inc. is owned by 3 Gurus we are tracking. Among them, 3 have added to their positions during the past quarter. 1 reduced their position.

Corinthian recently reported its Fiscal 2010 First Quarter results. The company announced that its net revenue was $388.5 million versus $289.6 million, up 34.2%. "Our strong first quarter results primarily reflect the continued success of our initiatives to enhance the student experience and improve operational performance," said Peter Waller, Corinthian's chief executive officer. "We have increased our student population for more than three consecutive fiscal years, resulting in improved leverage of facility and other fixed costs. Increased advertising effectiveness and lower media costs have improved efficiencies in marketing and admissions. Given all of these factors, our operating margin and cash flow increased substantially in the first quarter compared with the prior year."

Corinthian Colleges, Inc. is one of the largest post-secondary education companies in North America, operating colleges in states in the U.S. and seven provinces in Canada. The company has a market cap of $1.18 billion; its shares were traded at around $13.45 with a P/E ratio of 11.6 and P/S ratio of 0.9. Corinthian Colleges Inc. had an annual average earning growth of 11% over the past 10 years.

Arnold Van Den Berg bought 22,650 shares in the quarter that ended on 09/30/2009, which is 0.03% of the $1.49 billion portfolio of Century Management.

Buy:: Director Robert Lee bought 1,000 shares of COCO stock on 11/02/2009 at the average price of 16.26, the price of the stock has decreased by 17.28% since. Other insiders have also decreased their positions in the company.

Navigators Group Inc. (NAVG) Reached the 52-Week Low of $44.95

The prices of Navigators Group Inc. (NAVG) shares have declined to close to the 52-week low of $44.95, which is 25.0% off the 52-week high of $57.58. The Navigators Group, Inc. is a holding company with twelve active wholly owned subsidiaries. The company has a market cap of $763.6 million; its shares were traded at around $44.95 with a P/E ratio of 8.8 and P/S ratio of 1.1. Navigators Group Inc. had an annual average earning growth of 115.7% over the past 5 years.

Navigators recently reported its third quarter results. The company announced that its net income was $21.4 million, or $1.24 per diluted share, for the three months ended September 30, 2009 compared to net income of $1.0 million, or $0.06 per diluted share, for the comparable period in 2008.

Sell:: SVP Bradley D Wiley sold 5,000 shares of NAVG stock on 09/30/2009 at the average price of 55.5, the price of the stock has decreased by 19.01% since.

Sycamore Networks Inc. (SCMRD) Reached the 52-Week Low of $20.37

The prices of Sycamore Networks Inc. (SCMRD) shares have declined to close to the 52-week low of $20.37, which is 44.2% off the 52-week high of $36. Sycamore Networks Inc. is owned by 4 Gurus we are tracking. Among them, 1 has added to their positions during the past quarter. 1 reduced their positioN. Sycamore Networks Inc. has a market cap of $578.4 million; its shares were traded at around $20.37 with and P/S ratio of 8.5.

Sycamore Networks recently reported its first quarter fiscal 2010 results. The company announced that its net loss for the first quarter of fiscal 2010, on a GAAP basis, was $10.4 million, or $0.04 per share, compared with a GAAP net loss of $5.8 million, or $0.02 per share for the first quarter of fiscal 2009. Non-GAAP net loss for the first quarter of fiscal 2010 was $3.2 million, or $0.01 per share, compared with non-GAAP net loss of $3.5 million, or $0.01 per share for the first quarter of fiscal 2009. A reconciliation between net loss on a GAAP basis and non-GAAP basis is provided in a table immediately following the Unaudited Non-GAAP Consolidated Statements of Operations included with this release.

George Soros owns 76,500 shares as of 09/30/2009, an increase of 306.91% from the previous quarter. This position accounts for 0.01% of the $4.41 billion portfolio of Soros Fund Management LLC. Martin Whitman owns 10,000,000 shares as of 07/31/2009, which accounts for 0.72% of the $4.7 billion portfolio of Third Avenue Value Fund. Third Avenue Management owns 45,658,033 shares as of 09/30/2009, which accounts for 2.6% of the $5.3 billion portfolio of Third Avenue Management.

Pennymac Mortgage Trust (PMT) Reached the 52-Week Low of $17.07

The prices of Pennymac Mortgage Trust (PMT) shares have declined to close to the 52-week low of $17.07, which is 15.3% off the 52-week high of $19.95. Pennymac Mortgage Trust is owned by 3 Gurus we are tracking, all who have added to their positions in the company. PennyMac Mortgage Investment Trust is a real estate investment trust. The Company has a market cap of $285.7 million; its shares were traded at around $17.07 .

Pennymac Mortgage recently reported results for the period from August 4, 2009, when it completed its initial public offering and commenced operations, to September 30, 2009. The company reported a net loss of 4 cents per share for the period.

John Griffin bought 1,584,000 shares in the quarter that ended on 09/30/2009, which is 0.71% of the $4.42 billion portfolio of Blue Ridge Capital.

Buy:: Chairman and CEO Stanford L Kurland bought 10,000 shares of PMT stock on 11/13/2009 at the average price of 16.99, the price of the stock has increased by 0.47% since.


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