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Weekly Guru Bargain Highlights: Quanta Services Inc, World Fuel Services Corp, Palm Inc, American International Group Inc, ING GROEP N.V.

February 20, 2010 | About:
Last week’s top five guru bargain stocks were Quanta Services Inc, World Fuel Services Corp, Palm Inc, American International Group Inc, and ING GROEP N.V. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Quanta Services Inc. (PWR): Down 21% Since Robert Olstein Bought In the Quarter Ended on 2009-09-30

Robert Olstein added to his holdings in Business Support Services company Quanta Services Inc. during the quarter ended 09/30/2009. He owned 213,000 shares of as of 09/30/2009. Quanta has a market cap of $3.74 billion; its shares were traded at around $17.88 with a P/E ratio of 21.8 and P/S ratio of 1. Quanta Services Inc. had an annual average earning growth of 83.3% over the past 5 years.

Quanta Services recently announced that it would report its fourth quarter and full year 2009 results on February 22, 2010. The company reported its third quarter results on November 4th 2009.

George Soros bought 162,000 shares in the quarter that ended on 12/31/2009, which is 0.05% of the $6.95 billion portfolio of Soros Fund Management LLC. Robert Olstein owns 264,000 shares as of 12/31/2009, an increase of 23.94% from the previous quarter. This position accounts for 1.02% of the $542 million portfolio of Olstein Financial Alert Fund.

Many insiders have recently decreased their positions in the company.

World Fuel Services Corp. (INT): Down 46% 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. It has a market cap of $1.42 billion; its shares were traded at around $23.96 with a P/E ratio of 12.1 and P/S ratio of 0.1. The dividend yield of World Fuel Services Corp. stocks is 0.6%. World Fuel Services Corp. had an annual average earning growth of 32.7% over the past 10 years. GuruFocus rated World Fuel Services Corp. the business predictability rank of 3.5-star.

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.

John Keeley bought 12,050 shares in the quarter that ended on 12/31/2009, which is less than 0.01% of the $6.63 billion portfolio of Keeley Fund Management.

Many insiders have also decreased their positions in the company.

Palm Inc. (PALM): Down 36% 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. has a market cap of $1.57 billion; its shares were traded at around $9.39 with and P/S ratio of 2.1.

RecentlyThe 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%.

George Soros bought 190,075 shares in the quarter that ended on 12/31/2009, which is 0.03% of the $6.95 billion portfolio of Soros Fund Management LLC. Ron Baron bought 252,000 shares in the quarter that ended on 12/31/2009, which is 0.02% of the $14.58 billion portfolio of Baron Funds. Two gurus have sold out their positions in the company.

Insiders have mixed trades in the company.

American International Group Inc. (AIG): Down 40% 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 the international insurance organization with operations in more than one hundred thirty countries and jurisdictions. It has a market cap of $3.57 billion; its shares were traded at around $26.53 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.

Lee Ainslie bought 1,381,384 shares in the quarter that ended on 12/31/2009, which is 0.46% of the $8.99 billion portfolio of Maverick Capital. 2 Gurus Sold Out AIG.

ING GROEP N.V. (ING): Down 30% Since Paul Tudor Jones Bought In the Quarter Ended on 2009-09-30

Paul Tudor Jones initiated holdings in Life Insurance company ING GROEP N.V. during the quarter ended 09/30/2009. He owned 14,200 shares of as of 09/30/2009.

ING GROEP is a financial institution of Dutch origin offering banking, insurance and asset management to over 50 million private, corporate and institutional clients in 65 countries. It has a market cap of $19.27 billion; its shares were traded at around $9.34 with and P/S ratio of 0.1. Ing Groep N.v. had an annual average earning growth of 92.9% over the past 5 years.

Kenneth Fisher owns 16,777,779 shares as of 12/31/2009, which accounts for 0.53% of the $31.32 billion portfolio of Fisher Asset Management, LLC.

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

About the author:

guruyt
Jae Jun is the author of Old School Value, a value investing blog dedicated to the Old School methodologies and teachings of the investment greats such as Graham, Buffett and Fisher. The blog deals with finding intrinsic value, fundamental stock analysis and special situations including spinoffs and merger arbitrage.

Visit guruyt's Website


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