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Weekly Guru Bargains Highlights: Palm Inc, EnCana Corp, World Fuel Services Corp, Sandridge Energy Inc., Lloyds TSB Group plc.

March 05, 2010 | About:

guruyt

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Last week’s top five guru bargain stocks were Palm Inc, EnCana Corp, World Fuel Services Corp, SANDRIDGE ENERGY INC, and Lloyds TSB Group plc. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Palm Inc. (PALM): Down 54% Since Ron Baron Bought In the Quarter Ended on 2009-12-31

Ron Baron initiated holdings in Computer Hardware company Palm Inc. during the quarter ended 12/31/2009. He owned 252,000 shares of as of 12/31/2009. 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 $956.9 million; its shares were traded at around $5.71 with and P/S ratio of 1.2.

PALM recently reported its second quarter fiscal 2010 results. 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, 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. 1 Guru Increased Positions in PALM. 1 Guru Kept Positions in PALM Unchanged or Slightly Adjusted.

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 64.86% since. There are mixed trades from other insiders.

EnCana Corp. (ECA): Down 31% Since Jeremy Grantham Bought In the Quarter Ended on 2009-12-31

Jeremy Grantham added to his holdings in Integrated Oil & Gas company EnCana Corp. by 335.26% during the quarter ended 12/31/2009. He owned 424,536 shares of as of 12/31/2009. EnCana Corporation is one of the world's largest independent natural gas producers and gas storage operators. Encana Corp. has a market cap of $25.7 billion; its shares were traded at around $34.25 with a P/E ratio of 8.4 and P/S ratio of 2.3. The dividend yield of Encana Corp. stocks is 2.4%. 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.

John Keeley bought 64,830 shares in the quarter that ended on 12/31/2009, which is 0.03% of the $6.63 billion portfolio of Keeley Fund Management. George Soros owns 113,500 shares as of 12/31/2009, an increase of 728.47% from the previous quarter. Mason Hawkins sold out his holdings in the quarter that ended on 12/31/2009.

World Fuel Services Corp. (INT): Down 56% Since Chuck Royce Bought In the Quarter Ended on 2009-12-31

Chuck Royce added to his holdings in Business Support Services company World Fuel Services Corp. by 214.17% during the quarter ended 12/31/2009. He owned 37,700 shares of as of 12/31/2009. World Fuel Services Corporation markets aviation and marine fuelservices. World Fuel Services Corp. has a market cap of $1.64 billion; its shares were traded at around $27.62 with a P/E ratio of 13.4 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.

INT recently reported strong fourth quarter results. The company reported fourth quarter net income of $34.5 million or $0.57 diluted earnings per share compared to $28.7 million or $0.49 diluted earnings per share in the fourth quarter of 2008. Non-GAAP net income for the fourth quarter, which excludes share-based compensation and amortization of acquired intangible assets, was $37.5 million or $0.62 non-GAAP diluted earnings per share compared to $36.3 million or $0.62 non-GAAP diluted earnings per share in the fourth 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.

Sell:: CEO Paul H Stebbins sold 64,000 shares of INT stock on 01/19/2010 at the average price of 26.36, the price of the stock has increased by 4.78% since. Other insiders have also decreased their positions in the company.

Sandridge Energy Inc. (SD): Down 28% Since Prem Watsa Bought In the Quarter Ended on 2009-12-31

Prem Watsa added to his holdings in Exploration & Production company SANDRIDGE ENERGY INC by 640.31% during the quarter ended 12/31/2009. He owned 6,526,600 shares of as of 12/31/2009. SandRidge Energy, Inc. is an oil and natural gas company headquartered in Oklahoma City with its principal focus on exploration and production. Sandridge Energy Inc has a market cap of $1.54 billion; its shares were traded at around $7.5 with a P/E ratio of 9.6 and P/S ratio of 1.3.

SD recently reported financial results for the fourth quarter and full year 2009. For the fourth quarter 2009, adjusted net income available to common stockholders (which excludes non-cash asset impairments, unrealized gains or losses on derivative contracts and gains or losses on the sale of assets) of $26.3 million, or $0.14 per share, in fourth quarter 2009 compared to adjusted net income available to common stockholders of $10.2 million, or $0.06 per share, in the fourth quarter 2008.

George Soros bought 1,250,000 shares in the quarter that ended on 12/31/2009, which is 0.17% of the $6.95 billion portfolio of Soros Fund Management LLC. Prem Watsa owns 6,526,600 shares as of 12/31/2009, an increase of 640.31% from the previous quarter. Arnold Schneider owns 4,039,735 shares as of 12/31/2009.

Sell:: Chairman, CEO and President, 10% Owner Tom L. Ward sold 2,000,000 shares of SD stock on 12/01/2009 at the average price of 8.85, the price of the stock has decreased by 15.25% since. Other insiders have increased their positions in the company, unlike the CEO, Chairman, and President.

Lloyds TSB Group plc (LYG): Down 36% Since David Dreman Bought In the Quarter Ended on 2009-12-31

David Dreman added to his holdings in Banks company Lloyds TSB Group plc by 29.76% during the quarter ended 12/31/2009. He owned 13,424 shares of as of 12/31/2009. Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services company, whose businesses provide a range of banking and financial services in the United Kingdom and a limited number of locations overseas. The company has a market cap of $5.33 billion; its shares were traded at around $3.34 with and P/S ratio of 0.1. Lloyds Tsb Group Plc had an annual average earning growth of 62.3% over the past 5 years.

LYG recently reported its 2009 results. The company annoucned the Group reported a £6.3 billion loss for the year, compared to a £6.7 billion loss in 2008. The company’s total income rose 12 per cent, while costs fell 5 per cent. The higher income and lower costs drove a substantial uplift in the trading surplus, which increased by 35%.

David Dreman owns 13,424 shares as of 12/31/2009, an increase of 29.76% from the previous quarter. This position accounts for less than 0.01% of the $4.06 billion portfolio of Dreman Value Management.

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


Rating: 4.1/5 (9 votes)

Comments

munger
Munger - 4 years ago
The big drop is ECA is due to the spin-off of their oil assets.

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