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Weekly Guru Bargains Highlights: Standard Pacific Corp. (SPF), Cost Plus Inc. (CPWM), Chesapeake Corp. (CSK).

November 06, 2007 | About:

This is the highlight of the stocks that Gurus have bought, and the stock prices have declined drastically. Related companies: Standard Pacific Corp. (SPF), Cost Plus Inc. (CPWM), Chesapeake Corp. (CSK).

Standard Pacific Corp. (SPF): Down 62% Since Charles Brandes Bought In the Third Quarter

Charles Brandes initiated holdings in Standard Pacific Corp. (SPF) by buying 520,350 shares of SPF stock between $5.49 and $18.27. Since his initiation, SPF stock share price have declined by -62%. Brandes' current ownership of 520,350 is 0.01% of the $54.85 billion portfolio in Brandes Investment.

Standard Pacific Corp. is a home construction company that engages in the construction and sale of single-family attached and detached homes in the U.S. It also provides mortgage financing and title services to its homebuyers through its subsidiaries and joint ventures. Standard Pacific Corp. has a market cap of $321.65 million; its shares were traded at around $4.44 with P/S ratio of 0.09. The dividend yield of Standard Pacific Corp. stocks is 3.5%

The stock prices declined amid the fear of recession on the housing industry. The housing sector has dropped to a current decline in performance due to a plunge in home sales in the pre-recession economy. The S&P credit rating of SPF went down from BB to BB-, which is below investment grade.

Guru Arnold Schneider increased his position by 29.43% since the last quarter. Schneider currently owns 948,800 shares, which is 0.38% of the $4.37 billion portfolio.

Guru Ron Baron owns 704,200 shares, which accounts for 0.06% of the $19.54 billion portfolio. Also, Guru Ruane Cunniff owns 40,000 shares, which is 0.01% of the $12.38 billion portfolio of Ruane & Cunniff & Goldfarb Inc.

Guru George Soros sold out his holdings in the second quarter that ended on 06/30.

CEO Stephen J. Scarborough made his sell of 22,000 shares in May at $19.90. Comparing to the current $12.38 per share, the price of the stock has dropped by a drastic 38%.

Since August, Director of SPF, Jeffrey V. Peterson, California Regional President, Todd Jennings Palmaer, and Chief Operations Officer, Scott D. Stowell, each bought 10,000 shares at around $4.66 to $10.28 per share. Director Douglas C. Jacobs bought 8,000 shares at $5.08 and $10.37. Directors J. Wayne Merck and F. Patt Schiewitz each bought 5,000 shares at $9.43 and $10.25. And, Director Larry D. Mcnabb bought 2,000 at $10.27.

Cost Plus Inc. (CPWM): Down 44% Since Charles Brandes Bought In the Third Quarter

Charles Brandes added his holdings by 59.5%, and increased another one of his holdings by 54.11% in Cost Plus Inc.; Brandes owns 990,200 shares as of 09/30. His purchase prices were between $4.00 and $8.21, at an average of $5.60. Since his adjustments, CPWM stock have declined by -44%. His CPWM holdings account for 0.01% of the $54.85 billion portfolio.

Cost Plus, Inc. (CPWM), a specialty retailer of casual home furnishings and entertaining products, operates 291 stores under the name World Market across the United States. Cost Plus Inc. has a market cap of $70.90 million; its shares were traded at around $3.14 with P/S ratio of 0.07.

CPWM is on the list of one of the biggest decliners. The low sales of World Market remain unchanged compared to 2006. Also, CPWM had a debt increase from sale-leaseback transactions. The company's stock is currently depressed.

Guru Arnold Van Den Berg owns 3,294,656 shares as of 06/30, which is 0.51% of the $3.66 billion portfolio of Century Management. Arnold Van Den Berg owns about 15% of the company, and he has been adding to his holdings.

Since June, the insiders of CPWM made a cumulative buy of 86,500 shares of stock at about $3.70 to $4.07. A list of insider buys: CEO Barry J. Feld bought 13,000 shares; CFO Jane L Baughman bought 5,000; SVP of Supply Chain, Rayford Whitley, bought 25,000 shares; Director Fredric M. Roberts bought 20,000; Executive VP of Store Operations, Michael J. Allen, bought 10,000 shares; SVPs Joan Fujii and George Whitney each bought 5,000 shares; VP of Controller Timothy Lester bought 6,000 shares; and lastly, Director Kim D. Robbins bought 2,000 shares.

Chesapeake Corp. (CSK): Down 43% Since Charles Brandes Bought In the Third Quarter

Charles Brandes initiated holdings in the Containers & Packaging Company Chesapeake Corp. His purchase prices were between $8.46 and $12.83, with an estimated average price of $10.50. Since then the prices of Chesapeake Corp. shares have declined by -43% from the estimated average. Charles Brandes owned 133,250 shares, which covers 0.01% of his $54.85 billion portfolio.

Chesapeake Corporation manufactures and supplies specialty paperboard packaging products in Europe, North America, and Asia. It also produces and supplies plastic packaging products to end-use markets internationally. Chesapeake Corp. has a market cap of $112.27 million; its shares were traded at around $6.01 with P/S ratio of 0.12. The dividend yield of Chesapeake Corp. stocks is 14.2%.

On 10/18, a 36,000 square-feet pharmaceutical-paper-packaging plant in China joins the CSK business network. This year, CSK increased in loss because the company's sales could not counteract the expenses from work force reductions and company restructuring.


Rating: 2.6/5 (7 votes)


Vooch - 9 years ago    Report SPAM
I took a -20% loss with SPF. DO NOT BUY.

I got out at $23 and I'm lucky I got out early.

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