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Weekly Guru Bargains Highlights: American International Group Inc, Universal Health Services Inc, Tetra Tech Inc, General Cable Corp, Penske Automotive Group Inc.

January 30, 2010 | About:
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guruyt

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Last week’s top five guru bargain stocks were American International Group Inc, Universal Health Services Inc, Tetra Tech Inc, General Cable Corp, and Penske Automotive Group Inc. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

American International Group Inc. (AIG): Down 45% 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. Ken Heebner 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. The company has a market cap of $3.26 billion; its shares were traded at around $24.23 with and P/S ratio of 0.3. 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.

Universal Health Services Inc. (UHS): Down 49% Since Westport Asset Management Bought In the Quarter Ended on 2009-09-30

Westport Asset Management added to his holdings in Health Care Providers company Universal Health Services Inc. by 100% during the quarter ended 09/30/2009. Westport Asset Management owned 1,005,200 shares of as of 09/30/2009. The principal business of Universal Health Services, Inc. is owning and operating acute care hospitals, behavioral health centers, ambulatory surgery centers, radiation oncology centers and women's centers. Universal Health Services Inc. had an annual average earning growth of 11.4% over the past 10 years. GuruFocus rated Universal Health Services Inc. the business predictability rank of 3.5-star.

UHS recently reported its third quarter results. The company reported that its net income was $51.1 million, or an increase of 41% to $1.03 per diluted share, during the third quarter of 2009 as compared to $37.0 million, or $.73 per diluted share, during the comparable quarter of the prior year. Net revenues increased 4% to $1.30 billion during the third quarter of 2009 as compared to $1.24 billion during the third quarter of 2008. "We are extremely pleased with these solid results in an extremely challenging environment," said Alan B. Miller, Chief Executive Officer. "The continued economic weakness continues to drive higher levels of uncompensated care and pressure certain markets in particular, but the overall balance in our acute portfolio and the very steady performance of our behavioral segment has contributed to another very satisfying performance this quarter."

Gurus Edward Owens, Chris Davis, Private Capital and Andreas Halvorsen own the company’s shares.

Recently Chairman and CEO, 10% Owner Alan B Miller sold 20,000 shares. Other insiders have also decreased their positions in the company.

Tetra Tech Inc. (TTEK): Down 22% Since Bruce Kovner Bought In the Quarter Ended on 2009-09-30

Bruce Kovner added to his holdings in Waste & Disposal Services company Tetra Tech Inc. by 37.88% during the quarter ended 09/30/2009. He owned 9,966 shares of as of 09/30/2009. TETRA TECH, INC. provides engineering and consulting services addressing complex water contamination and other environmental problems. Tetra Tech Inc. has a market cap of $1.39 billion; its shares were traded at around $22.64 with a P/E ratio of 18.7 and P/S ratio of 0.7.

Tetra Tech recently reported its first quarter results. Revenue in the quarter was $542.0 million, down 15.1% from $638.7 million, and revenue, net of subcontractor costs, was $343.5 million, up 4.1% from $330.0 million for the same quarter last year. Income from operations was $31.1 million, up 8.7% from $28.6 million for the same quarter last year. Net income was $18.7 million, up 14.7% from $16.3 million for the same quarter last year. Diluted EPS was $0.30, up 11.4% from $0.27 for the same quarter last year.

Ron Baron owns the company’s shares.

CHAIRMAN AND CEO Dan L Batrack sold shares of the company.

General Cable Corp. (BGC): Down 22% Since Jeremy Grantham Bought In the Quarter Ended on 2009-09-30

Jeremy Grantham initiated holdings in Telecommunications Equipment company General Cable Corp. during the quarter ended 09/30/2009. He owned 12,700 shares of as of 09/30/2009. General Cable Corp. is a company in the business of development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the communications, energy and electrical markets. The company has a market cap of $1.51 billion; its shares were traded at around $29.1 with a P/E ratio of 10.3 and P/S ratio of 0.2. General Cable Corp. had an annual average earning growth of 3.1% over the past 10 years.

General Cable recently reported its third quarter results. The company announced that its net sales were $1,081.8 million, a decrease of $362.6 million, or 25.1%, compared to the third quarter of 2008 on a metal-adjusted basis. Before the impact of $5.4 million of revenues from acquired businesses and $73.9 million related to the unfavorable impact of changes in foreign currency exchange rates, net sales for the third quarter decreased 21.5%.

David Dreman, John Keeley, David Einhorn, NWQ Managers all own the company’s stocks.

Penske Automotive Group Inc. (PAG): Down 21% Since Richard Perry Bought In the Quarter Ended on 2009-09-30

Richard Perry initiated holdings in Specialty Retailers company Penske Automotive Group Inc. during the quarter ended 09/30/2009. He owned 181,200 shares of as of 09/30/2009. United Auto Group, Inc. is a acquirer, consolidator and operator of franchised automobile and light truck dealerships and related businesses. Penske Automotive Group Inc. has a market cap of $1.29 billion; its shares were traded at around $14.06 with a P/E ratio of 21.7 and P/S ratio of 0.1. Penske Automotive Group Inc. had an annual average earning growth of 6.6% over the past 5 years.

Penske recently reported its third quarter 2009 results. The company reported third quarter adjusted income from continuing operations of $30.9 million, or $0.34 per share attributable to common shareholders, which compares to $26.6 million, or $0.28 per share, in the third quarter last year. Actual third quarter income from continuing operations attributable to PAG was $27.6 million, or $0.30 per share, compared with $23.9 million, or $0.25 per share, in the prior year. Net income attributable to common shareholders in the third quarter was $27.4 million, or $0.30 per share, compared with $22.2 million, or $0.24 per share, in the prior year.

Ron Baron owns the company’s stocks.

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


Rating: 2.3/5 (4 votes)

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