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Weekly Guru Bargains Highlights: Brodcade Communications Systems, Perfect World Ltd., Banco Bradesco S.A, Reliant Energy Inc, National Bank of Greece S.A

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Last week’s top five guru bargain stocks were BROCADE COMMUNICATIONS SYSTEMS, INC, PERFECT WORLD CO., LTD, Banco Bradesco S.A, Reliant Energy Inc, and National Bank of Greece S.A. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

BROCADE COMMUNICATIONS SYSTEMS, INC. (BRCD): Down 22% 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. The company has a market cap of $2.83 billion; its shares were traded at around $6.35 with a P/E ratio of 20.5 and P/S ratio of 1.4. Brocade Communications Systems, Inc. had an annual average earning growth of 3.8% over the past 10 years. GuruFocus rated Brocade Communications Systems, Inc. the business predictability rank of 2-star.

Brocade recently reported record results for the first quarter of 2010. 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 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. Andreas Halvorsen bought 4,675,000 shares in the quarter that ended on 12/31/2009, which is 0.41% of the $8.78 billion portfolio of Viking Global Investors LP.

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 13.13% since. Other insiders have also decreased their positions in the company.

PERFECT WORLD CO., LTD. (PWRD): Down 22% Since Lee Ainslie Bought In the Quarter Ended on 2009-12-31

Lee Ainslie added to his holdings in Toys company PERFECT WORLD CO., LTD. by 530.59% during the quarter ended 12/31/2009. He owned 2,681,249 shares of as of 12/31/2009. Perfect World Co., Ltd. is a online game developer and operator in China. PERFECT WORLD CO., LTD. has a market cap of $1.37 billion; its shares were traded at around $34.32 with a P/E ratio of 11.7 and P/S ratio of 4.3.

Perfect World recently reported its fourth quarter 2009 results. Total revenues were RMB607.9 million (USD89.1 million), an increase of 3% from the third quarter of 2009 and an increase of 45.5% from the fourth quarter of 2008. Gross profit was RMB526.4 million (USD77.1 million), an increase of 6.3% from the third quarter of 2009.

Lee Ainslie owns 2,681,249 shares as of 12/31/2009, an increase of 530.59% from the previous quarter. This position accounts for 1.18% of the $8.99 billion portfolio of Maverick Capital. Ken Heebner sold out his holdings in the quarter that ended on 12/31/2009.

Banco Bradesco S.A. (BBD): Down 21% Since Jeremy Grantham Bought In the Quarter Ended on 2009-12-31

Jeremy Grantham added to his holdings in Banks company Banco Bradesco S.A. by 100.38% during the quarter ended 12/31/2009. He owned 4,042,348 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 $31.28 billion; its shares were traded at around $18.29 with a P/E ratio of 14.8 and P/S ratio of 1. 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.

RRI Energy (RRI): Down 27% Since Jeremy Grantham Bought In the Quarter Ended on 2009-12-31

Jeremy Grantham initiated holdings in Electricity company RRI Energy during the quarter ended 12/31/2009. He owned 62,700 shares of as of 12/31/2009. RRI Energy, Inc., formerly Reliant Energy, Inc., provides electricity to wholesale customers in the United States. RRI Energy has a market cap of $1.46 billion; its shares were traded at around $4.13 with and P/S ratio of 0.9.

RRI Energy recently reported open EBITDA of $185 million for 2009, compared to $545 million for 2008. Adjusted EBITDA was $55 million in 2009, compared to $871 million in 2008. Out-of-the-money coal hedges in 2009 compared to in-the-money coal hedges in 2008 form the primary difference between open and adjusted EBITDA.

George Soros bought 83,672 shares in the quarter that ended on 12/31/2009, which is 0.01% of the $6.95 billion portfolio of Soros Fund Management LLC. Arnold Schneider owns 11,260,074 shares as of 12/31/2009, which accounts for 3.52% of the $1.83 billion portfolio of Schneider Capital Management.

National Bank of Greece S.A. (NBG): Down 45% 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 $10.96 billion; its shares were traded at around $3.61 with and P/S ratio of 1.

NBG recently reported its full year 2009 results. Group net profit in 2009 totalled €971 million, down ‐37% year over year. Net profit from domestic operations totalled €398 million, down 57% year over year.


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