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Weekly Guru Bargains Highlights: National Bank of Greece S.A, Ormat Technologies Inc, World Fuel Services Corp, Allied Irish Banks PLC, Brocade Communications Systems Inc.

March 20, 2010 | About:
David Merkel

guruyt

4 followers
Last week’s top five guru bargain stocks were National Bank of Greece S.A, Ormat Technologies Inc, World Fuel Services Corp, Allied Irish Banks P.L.C, BROCADE COMMUNICATIONS SYSTEMS, INC. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

National Bank of Greece S.A. (NBG): Down 39% Since Steven Cohen Bought In the Quarter Ended on 2009-12-31

Steven Cohen initiated holdings in Banks company National Bank of Greece S.A. during the quarter ended 12/31/2009. He owned 37,310 shares of as of 12/31/2009.

NATL BK GR-ADR provides a full range of financial products and services to corporate customers and private individuals alike, including retail and corporate lending, investment banking services, insurance, asset management, brokerage, leasing and factoring. National Bank Of Greece S.a. has a market cap of $12.26 billion; its shares were traded at around $4.04 with and P/S ratio of 1. National Bank Of Greece S.a. had an annual average earning growth of 32% over the past 5 years.

Ormat Technologies Inc. (ORA): Down 26% Since Chuck Royce Bought In the Quarter Ended on 2009-12-31

Chuck Royce added to his holdings in Electricity company Ormat Technologies Inc. by 89.19% during the quarter ended 12/31/2009. He owned 7,000 shares of as of 12/31/2009.

ORMAT develops, manufactures, and markets innovative power systems. Ormat Technologies Inc. has a market cap of $1.33 billion; its shares were traded at around $29.19 with a P/E ratio of 21.6 and P/S ratio of 3.1. The dividend yield of Ormat Technologies Inc. stocks is 0.8%.

Ormat recently reported its fourth quarter results. Revenues increased 20.4% for the year to $415.2 million and remained consistent with the fourth quarter of 2008, while annual net income increased to $68.6 million and fourth quarter net income increased to $16.1 million. Diluted earnings per share increased to $1.51 per share of common stock for the year and to $0.35 per share of common stock in the quarter.

Sell:: C.F.O. Joseph Tenne sold 100 shares of ORA stock on 12/07/2009 at the average price of 44.13, the price of the stock has decreased by 33.85% since. Other insiders have also decreased their positions in the company.

World Fuel Services Corp. (INT): Down 57% 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 fuel services. The company has a market cap of $1.6 billion; its shares were traded at around $26.96 with a P/E ratio of 13.2 and P/S ratio of 0.2. The dividend yield of World Fuel Services Corp. stocks is 0.5%. 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 03/12/2010 at the average price of 28.56, the price of the stock has decreased by 5.6% since. Many other insiders have also decreased their positions in the company.

Allied Irish Banks P.L.C. (AIB): Down 24% Since Steven Cohen Bought In the Quarter Ended on 2009-12-31

Steven Cohen initiated holdings in Banks company Allied Irish Banks P.L.C. during the quarter ended 12/31/2009. He owned 190,700 shares of as of 12/31/2009.

Allied Irish Banks plc provides a full range of banking services through over 319 offices in Ireland, 82 branches in Northern Ireland and 37 offices in the UK. Allied Irish Banks P.l.c. has a market cap of $1.92 billion; its shares were traded at around $4.17 with and P/S ratio of 0.1. Allied Irish Banks P.l.c. had an annual average earning growth of 34.9% over the past 10 years.

Brian Rogers owns 4,786,342 shares as of 12/31/2009, which accounts for 3.11% of the $16.42 billion portfolio of T Rowe Price Equity Income Fund.

Brocade Communications Systems Inc. (BRCD): Down 31% Since Jeremy Grantham Bought In the Quarter Ended on 2009-12-31

Jeremy Grantham added to his holdings in Telecommunications Equipment company BROCADE COMMUNICATIONS SYSTEMS, INC. by 110.9% during the quarter ended 12/31/2009. He owned 232,200 shares of as of 12/31/2009.

Brocade Communications Systems, Inc. delivers industry-platforms, solutions, and services for intelligently connecting, managing, and optimizing IT resources in shared storage environments. Brocade Communications Systems, Inc. has a market cap of $2.49 billion; its shares were traded at around $5.66 with a P/E ratio of 18.3 and P/S ratio of 1.3. GuruFocus rated Brocade Communications Systems, Inc. the business predictability rank of 2-star.

BROCADE COMMUNICATIONS SYSTEMS, INC recently reported its fiscal first quarter 2010 results. The company announced that its 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 bought 19,907,577 shares in the quarter that ended on 12/31/2009, which is 1.69% of the $8.99 billion portfolio of Maverick Capital. NWQ Managers owns 3,380,161 shares as of 09/30/2009, a decrease of 27.68% of from the previous quarter.

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 22.57% since.

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

About the author:

guruyt
David J. Merkel, FSA, CFA, is the Chief Economist and Director of Research of Finacorp Securities. His specialty is looking at the interlinkages in the markets in order to understand individual markets better. He holds bachelor’s and master’s degrees from Johns Hopkins University. In his spare time, he takes care of his eight children with his wonderful wife Ruth.

Rating: 2.3/5 (7 votes)

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