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Weekly Guru Bargains Highlights: Banco Bradesco SA, Comstock Resources Inc, EnCana Corp, SANDRIDGE ENERGY INC, Bank of Ireland

March 27, 2010 | About:
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Last week’s top five guru bargain stocks were Banco Bradesco S.A, Comstock Resources Inc, EnCana Corp, SANDRIDGE ENERGY INC, and The Governor and Company of the Bank of Ireland. 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 such as private and industrial credit loans, credit cards, mortgaged loans, 24 hour banking, health and life insurance, leasing, pension fund management and services for stock market investors. Banco Bradesco S.a. has a market cap of $29.83 billion; its shares were traded at around $17.44 with a P/E ratio of 14.2 and P/S ratio of 0.9. The dividend yield of Banco Bradesco S.a. stocks is 0.5%.

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.

Comstock Resources Inc. (CRK): Down 27% Since George Soros Bought In the Quarter Ended on 2009-12-31

George Soros initiated holdings in Exploration & Production company Comstock Resources Inc. during the quarter ended 12/31/2009. He owned 8,200 shares of as of 12/31/2009. Comstock Resources, Inc. is an independent energy company engaged in the acquisition, development, production and exploration of oil and natural gas properties. Comstock Resources Inc. has a market cap of $1.41 billion; its shares were traded at around $29.95 with and P/S ratio of 4.8. Comstock Resources Inc. had an annual average earning growth of 7% over the past 10 years. GuruFocus rated Comstock Resources Inc. the business predictability rank of 4.5-star.

Comstock recently reported its fourth quarter results. The company reported a net loss of $6.8 million or 15 cents per share for the fourth quarter of 2009 as compared to 2008's fourth quarter net loss of $96.4 million or $2.09 per diluted share. The loss in the fourth quarter of 2009 is primarily attributable to the low natural gas prices in 2009. The loss in 2008 was primarily due to a $162.7 million ($105.8 million after tax) impairment to the value of the Company's marketable securities. Comstock averaged $4.34 per Mcf for sales of its natural gas production in the fourth quarter of 2009, 33% less than the $6.44 per Mcf realized in the fourth quarter of 2008. Realized oil prices in the fourth quarter of 2009 improved to $64.76 per barrel from $52.16 per barrel in the fourth quarter of 2008.

George Soros bought 8,200 shares in the quarter that ended on 12/31/2009, which is less than 0.01% of the $6.95 billion portfolio of Soros Fund Management LLC. John Keeley owns 1,880,410 shares as of 12/31/2009, which accounts for 1.15% of the $6.63 billion portfolio of Keeley Fund Management.

Sell:: COO Mack D Good sold 4,250 shares of CRK stock on 12/28/2009 at the average price of 43.29, the price of the stock has decreased by 30.82% since. Other insiders have also decreased their positions in the company.

EnCana Corp. (ECA): Down 41% 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 $22.12 billion; its shares were traded at around $29.47 with a P/E ratio of 7.3 and P/S ratio of 2. The dividend yield of Encana Corp. stocks is 2.7%. Encana Corp. had an annual average earning growth of 20.7% over the past 10 years.

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. Mason Hawkins sold out his holdings in the quarter that ended on 12/31/2009.

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 $1.57 billion; its shares were traded at around $7.45 with a P/E ratio of 9.5 and P/S ratio of 2.5.

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. Arnold Schneider owns 4,039,735 shares as of 12/31/2009, which accounts for 2.08% of the $1.83 billion portfolio of Schneider Capital Management.

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 15.82% since. Other insiders increased their positions in the company.

Bank of Ireland (IRE): Down 34% Since Steven Cohen Bought In the Quarter Ended on 2009-12-31

Steven Cohen initiated holdings in Banks company The Governor and Company of the Bank of Ireland during the quarter ended 12/31/2009. He owned 52,929 shares of as of 12/31/2009. IRELAND BK-ADR is a bank that takes the time and effort to understand your business and help you meet your goals. The Governor and Company of the Bank of Ireland has a market cap of $1.86 billion; its shares were traded at around $7.44 with and P/S ratio of 0.1.

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


Rating: 2.3/5 (7 votes)

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