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Weekly Guru Bargains Highlights: Banco Bradesco SA, Brocade Communications Systems, MEMC Electronic Materials Inc, General Cable Corp, Palm Inc.

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Last week’s top five guru bargain stocks were Banco Bradesco S.A, BROCADE COMMUNICATIONS SYSTEMS, INC, MEMC Electronic Materials Inc, General Cable Corp, and Palm Inc. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Banco Bradesco S.A. (BBD): Down 25% Since Paul Tudor Jones Bought In the Quarter Ended on 2009-12-31

Paul Tudor Jones initiated holdings in Banks company Banco Bradesco S.A. during the quarter ended 12/31/2009. He owned 35,200 shares of as of 12/31/2009. Banco Bradesco's main activities are the provision of banking and insurance services. Banco Bradesco S.a. has a market cap of $29.23 billion; its shares were traded at around $17.31 with a P/E ratio of 14 and P/S ratio of 0.9. The dividend yield of Banco Bradesco S.a. stocks is 0.9%.

Kenneth Fisher owns 1,015,875 shares as of 12/31/2009, which accounts for 0.07% of the $31.32 billion portfolio of Fisher Asset Management, LLC. Ken Heebner owns 3,880,800 shares as of 12/31/2009, which accounts for 1.25% of the $6.8 billion portfolio of CAPITAL GROWTH MANAGEMENT LP.

BROCADE COMMUNICATIONS SYSTEMS, INC. (BRCD): Down 27% Since Richard Perry Bought In the Quarter Ended on 2009-09-30

Richard Perry initiated holdings in Telecommunications Equipment company BROCADE COMMUNICATIONS SYSTEMS, INC. during the quarter ended 09/30/2009. He owned 4,500,000 shares of as of 09/30/2009. Brocade Communications Systems, Inc. delivers industry-platforms, solutions, and services for intelligently connecting, managing, and optimizing IT resources in shared storage environments. The company has a market cap of $2.56 billion; its shares were traded at around $5.82 with a P/E ratio of 16.6 and P/S ratio of 1.2. GuruFocus rated Brocade Communications Systems, Inc. the business predictability rank of 2-star.

Brocade recently reported its first quarter Fiscal 2010 results. The company’s quarterly revenues increased 25 percent year-over-year to $539.5 million. “Brocade’s Q1 performance exceeded consensus non-GAAP EPS expectations for the 18th consecutive quarter thanks to the balance and diversity of our business model, our highly variable cost structure and our ability to execute,” said Michael Klayko, CEO of Brocade.

Lee Ainslie and Andreas Halvorsen both iniated their positions in the company. 2 gurus increased their positions in the company.

Sell:: VP, Finance & CFO Richard Deranleau sold 71,406 shares of BRCD stock on 11/25/2009 at the average price of 7.31, the price of the stock has decreased by 20.38% since. Other insiders have also decreased their positions in the company.

MEMC Electronic Materials Inc. (WFR): Down 30% Since Ronald Muhlenkamp Bought In the Quarter Ended on 2009-09-30

Ronald Muhlenkamp initiated holdings in Semiconductors company MEMC Electronic Materials Inc. during the quarter ended 09/30/2009. He owned 327,765 shares of as of 09/30/2009. MEMC Electronic Materials, Inc. is a global producer of polysilicon and silicon wafers. Memc Electronic Materials Inc. has a market cap of $2.71 billion; its shares were traded at around $12.11 with and P/S ratio of 2.3. Memc Electronic Materials Inc. had an annual average earning growth of 50% over the past 5 years.

MEMC recently reported its fourth quarter 2009 results. The company announced that its Net sales for the fourth quarter were $356.7 million, representing an increase of 15.1% from third quarter 2009 net sales of $310.0 million, and a decrease of 16.2% from fourth quarter 2008 net sales of $425.7 million.

Arnold Van Den Berg owns 2,440,544 shares as of 12/31/2009, an increase of 628.83% from the previous quarter. Ronald Muhlenkamp owns 328,765 shares as of 12/31/2009, which accounts for 0.61% of the $737 million portfolio of Muhlenkamp Fund. 1 guru reduced their positions in the company, while another sold out their positions.

General Cable Corp. (BGC): Down 35% 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 leader in the 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 $1.27 billion; its shares were traded at around $24.43 with a P/E ratio of 9 and P/S ratio of 0.3. General Cable Corp. had an annual average earning growth of 3.1% over the past 10 years.

General Cable recently reported its fourth quarter results. Diluted loss per share for the fourth quarter of 2009 was $0.17. Included in these results were $0.05 per share of net lower of cost or market (LCM) and LIFO inventory accounting related charges, $0.14 per share of non-cash convertible debt interest expense, $0.10 per share loss on the extinguishment of debt, and a one-time $0.12 per share charge related to a change in Mexican tax law. Before the impact of these items, adjusted non-GAAP earnings per share for the fourth quarter of 2009 would have been $0.24.

David Dreman owns 1,090,046 shares as of 12/31/2009, an increase of 57.65% from the previous quarter. This position accounts for 0.79% of the $4.06 billion portfolio of Dreman Value Management. David Einhorn sold out his holdings in the quarter that ended on 12/31/2009.

Palm Inc. (PALM): Down 58% 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. Palm Inc. has a market cap of $1.02 billion; its shares were traded at around $6.09 with and P/S ratio of 1.4.

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%.

George Soros bought 190,075 shares in the quarter that ended on 12/31/2009. Ron Baron bought 252,000 shares in the quarter that ended on 12/31/2009. Richard Perry owns 6,500,000 shares as of 12/31/2009, an increase of 25% from the previous quarter. 2 guru sold out their positions in the company.

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 62.52% since. Other insiders have also increased their positions in the company.

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


Rating: 3.2/5 (5 votes)

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