Last week’s top guru bargain stocks were ACI, GM, SID, FMER, and NWL. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.
Arch Coal Inc. (ACI, Financial): Down 40% Since Chuck Royce Bought In the Quarter Ended on 2011-03-31
Chuck Royce added to his holdings in Coal company Arch Coal Inc. by 32.38% during the quarter ended 03/31/2011. His purchase prices were between $31.61 and $35.99, with an estimated average price of $34.03. Since then the prices of Arch Coal Inc. shares have declined by -40% from the estimated average. Chuck Royce owned 107,518 shares of as of 03/31/2011.
ASHLAND COAL, INC. is engaged in the mining, processing and marketing of low-sulfur bituminous coal. Arch Coal Inc. has a market cap of $4.33 billion; its shares were traded at around $20.52 with a P/E ratio of 13.9 and P/S ratio of 1.4. The dividend yield of Arch Coal Inc. stocks is 2.1%. Arch Coal Inc. had an annual average earnings growth of 10.2% over the past 5 years.
ACI recently reported second quarter 2011 earnings per diluted share of $0.06 versus $0.41 in the prior-year quarter. Second quarter 2011 results include after-tax charges of $67 million that encompass acquisition-related expenses, debt financing and retirement fees for the International Coal Group ("ICG") transaction, and non-cash amortization of acquired coal supply agreements. Excluding these charges, adjusted net income for the second quarter of 2011 was $78 million, or $0.44 per diluted share.
Jean-Marie Eveillard owns 1,058,200 shares as of 03/31/2011, an increase of 53.58% from the previous quarter. This position accounts for 0.19% of the $19.9 billion portfolio of First Eagle Investment Management, LLC. David Dreman owns 189,903 shares as of 03/31/2011, a decrease of 20.23% of from the previous quarter. This position accounts for 0.13% of the $5.32 billion portfolio of Dreman Value Management. Arnold Schneider owns 3,159,801 shares as of 06/30/2011, a decrease of 24.55% of from the previous quarter. This position accounts for 4.8787% of the $1.73 billion portfolio of Schneider Capital Management. George Soros sold out his holdings in the quarter that ended on 03/31/2011.
VP & Chief Acctg Officer John W Lorson sold 5,000 shares of ACI stock on 03/31/2011 at the average price of 36. John W Lorson owns at least 1,277 shares after this. The price of the stock has decreased by 43% since.
General Motors (GM, Financial): Down 26% Since Pioneer Investments Bought In the Quarter Ended on 2011-03-31
Pioneer Investments added to his holdings in Automobiles company General Motors by 446.45% during the quarter ended 03/31/2011. His purchase prices were between $30.74 and $38.98, with an estimated average price of $35.03. Since then the prices of General Motors shares have declined by -26% from the estimated average. Pioneer Investments owned 1,093,437 shares of as of 03/31/2011.
General Motors Company is engaged in the designing, manufacturing and retailing of vehicles globally including passenger cars, crossover vehicles, and light trucks, sport utility vehicles, vans and other vehicles. General Motors has a market cap of $39.2 billion; its shares were traded at around $25.81 with and P/S ratio of 0.3.
GM recently announced second quarter net income attributable to common stockholders of $2.5 billion, or $1.54 per fully-diluted share, marking the company’s sixth consecutive profitable quarter. In the second quarter of 2010, GM’s net income attributable to common stockholders was $1.3 billion, or 85 cents per fully-diluted share.
David Tepper bought 173,367 shares in the quarter that ended on 06/30/2011, which is 0.1241% of the $4.24 billion portfolio of Appaloosa Management LP. David Einhorn bought 3,420,000 shares in the quarter that ended on 03/31/2011, which is 2.05% of the $5.17 billion portfolio of Greenlight Capital. HOTCHKIS & WILEY bought 1,964,243 shares in the quarter that ended on 03/31/2011, which is 0.34% of the $17.91 billion portfolio of Hotchkis & Wliey Capital Management LLC.
CEO Daniel F Akerson bought 30,000 shares of GM stock on 05/11/2011 at the average price of 31.33. Daniel F Akerson owns at least 50,000 shares after this. The price of the stock has decreased by 17.62% since. Other insiders have also increased their positions in the company.
Companhia Siderurgica Nacional ADS (SID, Financial): Down 45% Since Jeremy Grantham Bought In the Quarter Ended on 2011-03-31
Jeremy Grantham initiated holdings in Steel company Companhia Siderurgica Nacional Ads during the quarter ended 03/31/2011. His purchase prices were between $15.41 and $18.33, with an estimated average price of $16.75. Since then the prices of Companhia Siderurgica Nacional ADS shares have declined by -45% from the estimated average. Jeremy Grantham owned 813,400 shares of as of 03/31/2011.
CIA SIDERUR-ADR, through the combining of its own mines, steel mill, railroads, ports and service and distribution centers within the scope of its operations, makes them the largest integrated steel-making complex in Latin America. Companhia Siderurgica Nacional Ads has a market cap of $13.46 billion; its shares were traded at around $9.21 with a P/E ratio of 9.4 and P/S ratio of 2.1. The dividend yield of Companhia Siderurgica Nacional Ads stocks is 6.9%. Companhia Siderurgica Nacional Ads had an annual average earnings growth of 31.2% over the past 10 years. GuruFocus rated Companhia Siderurgica Nacional Ads the business predictability rank of 2.5-star.
Kenneth Fisher owns 1,598,465 shares as of 06/30/2011, which accounts for 0.0521% of the $38.22 billion portfolio of Fisher Asset Management, LLC.
FirstMerit Corp. (FMER, Financial): Down 30% Since Kenneth Fisher Bought In the Quarter Ended on 2011-03-31
Kenneth Fisher added to his holdings in Banks company Firstmerit Corp. by 67.28% during the quarter ended 03/31/2011. His purchase prices were between $16.25 and $20.31, with an estimated average price of $17.69. Since then the prices of FirstMerit Corp. shares have declined by -30% from the estimated average. Kenneth Fisher owned 2,690,925 shares of as of 03/31/2011.
FirstMerit Corporation is a financial services company. Firstmerit Corp. has a market cap of $1.32 billion; its shares were traded at around $12.31 with a P/E ratio of 11.7 and P/S ratio of 1.8. The dividend yield of Firstmerit Corp. stocks is 5.2%.
FirstMerit recently reported second quarter 2011 net income of $29.8 million, or $0.27 per diluted share. This compares with $27.6 million, or $0.25 per diluted share, for the first quarter of 2011 and $31.5 million, or $0.32 per diluted share, for the second quarter 2010.
Kenneth Fisher owns 3,721,790 shares as of 06/30/2011, an increase of 38.31% from the previous quarter. This position accounts for 0.1608% of the $38.22 billion portfolio of Fisher Asset Management, LLC. David Dreman owns 1,832,249 shares as of 03/31/2011, which accounts for 0.59% of the $5.32 billion portfolio of Dreman Value Management. John Keeley owns 915,209 shares as of 03/31/2011, which accounts for 0.24% of the $6.54 billion portfolio of Keeley Fund Management. Mario Gabelli owns 18,900 shares as of 06/30/2011, which accounts for 0.0022% of the $13.9 billion portfolio of GAMCO Investors.
Director Terry L Haines bought 7,000 shares of FMER stock on 07/29/2011 at the average price of 14.56. Terry L Haines owns at least 87,014 shares after this. The price of the stock has decreased by 15.45% since. There are mixed trades from other insiders.
Newell Rubbermaid Inc. (NWL, Financial): Down 33% Since Jim Simons Bought In the Quarter Ended on 2011-03-31
Jim Simons added to his holdings in Durable Household Products company Newell Rubbermaid Inc. by 32.73% during the quarter ended 03/31/2011. His purchase prices were between $17.64 and $20.21, with an estimated average price of $19. Since then the prices of Newell Rubbermaid Inc. shares have declined by -33% from the estimated average. Jim Simons owned 1,924,500 shares of as of 03/31/2011.
Newell Rubbermaid, Inc. is a global manufacturer and full-service marketer of name-brand consumer products serving the needs of volume purchasers,including discount stores and warehouse clubs, home centers and hardware stores, and office superstores and contract stationers. Newell Rubbermaid Inc. has a market cap of $3.75 billion; its shares were traded at around $12.78 with a P/E ratio of 8.4 and P/S ratio of 0.7. The dividend yield of Newell Rubbermaid Inc. stocks is 2.5%.
Net sales in the second quarter for NWL were $1.57 billion, an increase of 5.1 percent over the prior year. Core sales grew 1.9 percent and foreign currency had a positive 3.2 percent impact on sales. The company estimates that core sales in the prior year’s second quarter were negatively impacted by approximately $35 million due to pre-buying by certain customers in anticipation of an April 2010 SAP go live. Adjusting for this timing difference, second quarter 2011 core sales would have declined by 0.4 percent.
Robert Olstein bought 390,000 shares in the quarter that ended on 06/30/2011, which is 1.0855% of the $567 million portfolio of Olstein Financial Alert Fund. Leon Cooperman bought 106,540 shares in the quarter that ended on 06/30/2011, which is 0.0382% of the $4.4 billion portfolio of Omega Advisors. Kenneth Fisher sold out his holdings in the quarter that ended on 06/30/2011. George Soros sold out his holdings in the quarter that ended on 03/31/2011.
Pres., Corporate Development Hartley D Blaha sold 20,000 shares of NWL stock on 05/19/2011 at the average price of 18.25. Hartley D Blaha owns at least 42,501 shares after this. The price of the stock has decreased by 29.97% since. Other insiders have also decreased their positions in the company.
Arch Coal Inc. (ACI, Financial): Down 40% Since Chuck Royce Bought In the Quarter Ended on 2011-03-31
Chuck Royce added to his holdings in Coal company Arch Coal Inc. by 32.38% during the quarter ended 03/31/2011. His purchase prices were between $31.61 and $35.99, with an estimated average price of $34.03. Since then the prices of Arch Coal Inc. shares have declined by -40% from the estimated average. Chuck Royce owned 107,518 shares of as of 03/31/2011.
ASHLAND COAL, INC. is engaged in the mining, processing and marketing of low-sulfur bituminous coal. Arch Coal Inc. has a market cap of $4.33 billion; its shares were traded at around $20.52 with a P/E ratio of 13.9 and P/S ratio of 1.4. The dividend yield of Arch Coal Inc. stocks is 2.1%. Arch Coal Inc. had an annual average earnings growth of 10.2% over the past 5 years.
ACI recently reported second quarter 2011 earnings per diluted share of $0.06 versus $0.41 in the prior-year quarter. Second quarter 2011 results include after-tax charges of $67 million that encompass acquisition-related expenses, debt financing and retirement fees for the International Coal Group ("ICG") transaction, and non-cash amortization of acquired coal supply agreements. Excluding these charges, adjusted net income for the second quarter of 2011 was $78 million, or $0.44 per diluted share.
Jean-Marie Eveillard owns 1,058,200 shares as of 03/31/2011, an increase of 53.58% from the previous quarter. This position accounts for 0.19% of the $19.9 billion portfolio of First Eagle Investment Management, LLC. David Dreman owns 189,903 shares as of 03/31/2011, a decrease of 20.23% of from the previous quarter. This position accounts for 0.13% of the $5.32 billion portfolio of Dreman Value Management. Arnold Schneider owns 3,159,801 shares as of 06/30/2011, a decrease of 24.55% of from the previous quarter. This position accounts for 4.8787% of the $1.73 billion portfolio of Schneider Capital Management. George Soros sold out his holdings in the quarter that ended on 03/31/2011.
VP & Chief Acctg Officer John W Lorson sold 5,000 shares of ACI stock on 03/31/2011 at the average price of 36. John W Lorson owns at least 1,277 shares after this. The price of the stock has decreased by 43% since.
General Motors (GM, Financial): Down 26% Since Pioneer Investments Bought In the Quarter Ended on 2011-03-31
Pioneer Investments added to his holdings in Automobiles company General Motors by 446.45% during the quarter ended 03/31/2011. His purchase prices were between $30.74 and $38.98, with an estimated average price of $35.03. Since then the prices of General Motors shares have declined by -26% from the estimated average. Pioneer Investments owned 1,093,437 shares of as of 03/31/2011.
General Motors Company is engaged in the designing, manufacturing and retailing of vehicles globally including passenger cars, crossover vehicles, and light trucks, sport utility vehicles, vans and other vehicles. General Motors has a market cap of $39.2 billion; its shares were traded at around $25.81 with and P/S ratio of 0.3.
GM recently announced second quarter net income attributable to common stockholders of $2.5 billion, or $1.54 per fully-diluted share, marking the company’s sixth consecutive profitable quarter. In the second quarter of 2010, GM’s net income attributable to common stockholders was $1.3 billion, or 85 cents per fully-diluted share.
David Tepper bought 173,367 shares in the quarter that ended on 06/30/2011, which is 0.1241% of the $4.24 billion portfolio of Appaloosa Management LP. David Einhorn bought 3,420,000 shares in the quarter that ended on 03/31/2011, which is 2.05% of the $5.17 billion portfolio of Greenlight Capital. HOTCHKIS & WILEY bought 1,964,243 shares in the quarter that ended on 03/31/2011, which is 0.34% of the $17.91 billion portfolio of Hotchkis & Wliey Capital Management LLC.
CEO Daniel F Akerson bought 30,000 shares of GM stock on 05/11/2011 at the average price of 31.33. Daniel F Akerson owns at least 50,000 shares after this. The price of the stock has decreased by 17.62% since. Other insiders have also increased their positions in the company.
Companhia Siderurgica Nacional ADS (SID, Financial): Down 45% Since Jeremy Grantham Bought In the Quarter Ended on 2011-03-31
Jeremy Grantham initiated holdings in Steel company Companhia Siderurgica Nacional Ads during the quarter ended 03/31/2011. His purchase prices were between $15.41 and $18.33, with an estimated average price of $16.75. Since then the prices of Companhia Siderurgica Nacional ADS shares have declined by -45% from the estimated average. Jeremy Grantham owned 813,400 shares of as of 03/31/2011.
CIA SIDERUR-ADR, through the combining of its own mines, steel mill, railroads, ports and service and distribution centers within the scope of its operations, makes them the largest integrated steel-making complex in Latin America. Companhia Siderurgica Nacional Ads has a market cap of $13.46 billion; its shares were traded at around $9.21 with a P/E ratio of 9.4 and P/S ratio of 2.1. The dividend yield of Companhia Siderurgica Nacional Ads stocks is 6.9%. Companhia Siderurgica Nacional Ads had an annual average earnings growth of 31.2% over the past 10 years. GuruFocus rated Companhia Siderurgica Nacional Ads the business predictability rank of 2.5-star.
Kenneth Fisher owns 1,598,465 shares as of 06/30/2011, which accounts for 0.0521% of the $38.22 billion portfolio of Fisher Asset Management, LLC.
FirstMerit Corp. (FMER, Financial): Down 30% Since Kenneth Fisher Bought In the Quarter Ended on 2011-03-31
Kenneth Fisher added to his holdings in Banks company Firstmerit Corp. by 67.28% during the quarter ended 03/31/2011. His purchase prices were between $16.25 and $20.31, with an estimated average price of $17.69. Since then the prices of FirstMerit Corp. shares have declined by -30% from the estimated average. Kenneth Fisher owned 2,690,925 shares of as of 03/31/2011.
FirstMerit Corporation is a financial services company. Firstmerit Corp. has a market cap of $1.32 billion; its shares were traded at around $12.31 with a P/E ratio of 11.7 and P/S ratio of 1.8. The dividend yield of Firstmerit Corp. stocks is 5.2%.
FirstMerit recently reported second quarter 2011 net income of $29.8 million, or $0.27 per diluted share. This compares with $27.6 million, or $0.25 per diluted share, for the first quarter of 2011 and $31.5 million, or $0.32 per diluted share, for the second quarter 2010.
Kenneth Fisher owns 3,721,790 shares as of 06/30/2011, an increase of 38.31% from the previous quarter. This position accounts for 0.1608% of the $38.22 billion portfolio of Fisher Asset Management, LLC. David Dreman owns 1,832,249 shares as of 03/31/2011, which accounts for 0.59% of the $5.32 billion portfolio of Dreman Value Management. John Keeley owns 915,209 shares as of 03/31/2011, which accounts for 0.24% of the $6.54 billion portfolio of Keeley Fund Management. Mario Gabelli owns 18,900 shares as of 06/30/2011, which accounts for 0.0022% of the $13.9 billion portfolio of GAMCO Investors.
Director Terry L Haines bought 7,000 shares of FMER stock on 07/29/2011 at the average price of 14.56. Terry L Haines owns at least 87,014 shares after this. The price of the stock has decreased by 15.45% since. There are mixed trades from other insiders.
Newell Rubbermaid Inc. (NWL, Financial): Down 33% Since Jim Simons Bought In the Quarter Ended on 2011-03-31
Jim Simons added to his holdings in Durable Household Products company Newell Rubbermaid Inc. by 32.73% during the quarter ended 03/31/2011. His purchase prices were between $17.64 and $20.21, with an estimated average price of $19. Since then the prices of Newell Rubbermaid Inc. shares have declined by -33% from the estimated average. Jim Simons owned 1,924,500 shares of as of 03/31/2011.
Newell Rubbermaid, Inc. is a global manufacturer and full-service marketer of name-brand consumer products serving the needs of volume purchasers,including discount stores and warehouse clubs, home centers and hardware stores, and office superstores and contract stationers. Newell Rubbermaid Inc. has a market cap of $3.75 billion; its shares were traded at around $12.78 with a P/E ratio of 8.4 and P/S ratio of 0.7. The dividend yield of Newell Rubbermaid Inc. stocks is 2.5%.
Net sales in the second quarter for NWL were $1.57 billion, an increase of 5.1 percent over the prior year. Core sales grew 1.9 percent and foreign currency had a positive 3.2 percent impact on sales. The company estimates that core sales in the prior year’s second quarter were negatively impacted by approximately $35 million due to pre-buying by certain customers in anticipation of an April 2010 SAP go live. Adjusting for this timing difference, second quarter 2011 core sales would have declined by 0.4 percent.
Robert Olstein bought 390,000 shares in the quarter that ended on 06/30/2011, which is 1.0855% of the $567 million portfolio of Olstein Financial Alert Fund. Leon Cooperman bought 106,540 shares in the quarter that ended on 06/30/2011, which is 0.0382% of the $4.4 billion portfolio of Omega Advisors. Kenneth Fisher sold out his holdings in the quarter that ended on 06/30/2011. George Soros sold out his holdings in the quarter that ended on 03/31/2011.
Pres., Corporate Development Hartley D Blaha sold 20,000 shares of NWL stock on 05/19/2011 at the average price of 18.25. Hartley D Blaha owns at least 42,501 shares after this. The price of the stock has decreased by 29.97% since. Other insiders have also decreased their positions in the company.
