Weekly Guru Bargain Highlights: TFM, ABX, AU, PAY, GG

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Apr 07, 2013
According to GuruFocus updates, these stocks have declined the most since Gurus bought them.

Fresh Market, Inc. (TFM, Financial): Down 27% Since Manning & Napier Advisors, Inc. Bought

Quarter Ending Dec. 31, 2012


Manning & Napier Advisors, Inc. added to its holdings of Fresh Market, Inc. by 52.52% during the quarter ended Dec. 31, 2012. The purchase price was between $47.55 and $62.38, with an estimated average price of $55.6. Since then the prices of Fresh Market, Inc. shares have declined by 27% from the estimated average. Manning & Napier Advisors, Inc. owns 55,000 shares as of Dec. 31, 2012.

Fresh Market was founded by Ray and Beverly Berry and opened its first store in Greensboro, N.C. in 1982. Fresh Market, Inc. has a market cap of $1.95 billion; its shares are traded at around $40.39 with a P/E ratio of 30.3951 and a P/S ratio of 1.4676.

In the fourth quarter of fiscal 2012, net sales increased 15.3% to $369.9 million and comparable store sales increased 1.9%, compared to the corresponding 13-week period ended Jan. 29, 2012. Net income in the fourth quarter of fiscal 2012 was $20.6 million, compared to $18.3 million in the corresponding 13-week period in fiscal 2011.

Director Steven B. Tanger bought 1,000 shares of TFM stock on April 1, 2013 at the average price of $41.75. Steven B. Tanger owns at least 2,034 shares after this. The price of the stock has decreased by 3.26% since.



Barrick Gold Corporation (ABX, Financial): Down 27% Since John Hussman Bought

Quarter Ending Dec. 31, 2012


John Hussman added to his holdings in gold mining company Barrick Gold Corporation by 484.62% during the quarter ended Dec. 31, 2012. His purchase price was between $33.27 and $42.19, with an estimated average price of $36.37. Since then the price of Barrick Gold Corporation shares has declined by 27% from the estimated average. John Hussman owns 1,900,000 shares of as of Dec. 31, 2012.

Barrick Gold Corporation is a corporation governed by the Business Corporations Act (Ontario) resulting from the amalgamation, effective July 14, 1984 under the laws of the Province of Ontario, of Camflo Mines Limited, Bob-Clare Investments Limited and the former Barrick Resources Corporation. Barrick Gold Corporation has a market cap of $26.72 billion; its shares are traded at around $26.69 with a P/E ratio of 8.3 and a P/S ratio of 1.8365. The dividend yield of Barrick Gold Corporation stocks is 3%.

ABX recently reported its fourth quarter 2012 financial results. The company reported a fourth quarter 2012 net loss of $3.06 billion ($3.06 per share), including a $4.2 billion after-tax impairment charge primarily related to the copper business unit. Adjusted net earnings were $1.11 billion ($1.11 per share).

Ray Dalio bought 170,290 shares in the quarter that ended on Dec. 31, 2012, which is 0.061% of the $9.82 billion portfolio of Bridgewater Associates. John Hussman owns 1,900,000 shares as of Dec. 31, 2012, an increase of 484.62% from the previous quarter. This position accounts for 1.8% of the $3.8 billion portfolio of Hussman Economtrics Advisors. John Burbank sold out his holdings in the same quarter.

Anglogold Ashanti Limited (AU, Financial): Down 32% Since John Hussman Bought

Quarter Ending Dec. 31, 2012


John Hussman added to his holdings in gold mining company Anglogold Ashanti Limited by 380% during the quarter ended Dec. 31, 2012. His purchase price was between $29.9 and $34.95, with an estimated average price of $32. Since then the price of Anglogold Ashanti Limited shares has declined by 32% from the estimated average. John Hussman owned 1,200,000 shares as of Dec. 31, 2012.

AngloGold Ashanti Limited was incorporated in the Republic of South Africa in 1944 under the name of Vaal Reefs Exploration and Mining Company Limited. Anglogold Ashanti Limited has a market cap of $8.39 billion; its shares are traded at around $21.85 with a P/E ratio of 8.058 and a P/S ratio of 1.3461. The dividend yield of Anglogold Ashanti Limited stocks is 1.42%.

John Burbank bought 1,404,156 shares in the quarter that ended on Dec. 31, 2012, which is 1.7% of the $2.59 billion portfolio of Passport Capital. John Paulson owns 28,203,999 shares as of Dec. 31, 2012, which accounts for 5.4% of the $16.27 billion portfolio of Paulson & Co.. NWQ Managers owns 11,768,176 shares as of Dec. 31, 2012, which accounts for 3% of the $12.15 billion portfolio of NWQ Investment Management Co.

10% Security Holder, Director Michael Gerard Basha, bought 4,000 shares of AU stock on March 26, 2013 at the average price of 0.09. Michael Gerard Basha, owns at least 753,571 shares after this.

Payce Consolidated Limited (PAY, Financial): Down 33% Since Manning & Napier Advisors, Inc. Bought

Quarter Ending Dec. 31, 2012

Manning & Napier Advisors, Inc. initiated holdings in the computer hardware company VeriFone Systems, Inc. during the quarter ended Dec. 31, 2012. His purchase price was between $27.86 and $33.41, with an estimated average price of $30.59. Since then the price of Payce Consolidated Limited shares has declined by 33% from the estimated average. Manning & Napier Advisors, Inc. owns 6,434,690 shares as of Dec. 31, 2012.

VeriFone Systems, Inc. formerly known as VeriFone Holdings Inc was incorporated in the state of Delaware on June 13, 2002 in order to acquire VeriFone, Inc. Verifone Systems, Inc. has a market cap of $2.22 billion; its shares were traded at around $20.47 with a P/E ratio of 28.5714.

Leon Cooperman bought 1,258,273 shares in the quarter that ended on Dec. 31, 2012, which is 0.69% of the $5.45 billion portfolio of Omega Advisors. Joel Greenblatt bought 27,412 shares in the quarter that ended on Dec. 31, 2012, which is 0.047% of the $1.73 billion portfolio of Gotham Capital. Ken Fisher sold out his holdings in the same quarter, as did Michael Price.

Goldcorp, Inc. (GG, Financial): Down 22% Since John Hussman Bought Quarter Ending Dec. 31, 2012

John Hussman added to his holdings in the gold mining company Goldcorp, Inc. by 300% during the quarter ended Dec. 31, 2012. His purchase price was between $35.2 and $46.25, with an estimated average price of $40.99. Since then the price of Goldcorp, Inc. shares has declined by 22% from the estimated average. John Hussman owns 1,000,000 shares as of Dec. 31, 2012.

Goldcorp, Inc. was incorporated in Ontario. Goldcorp, Inc. has a market cap of $25.81 billion; its shares are traded at around $31.79 with a P/E ratio of 16.3132 and a P/S ratio of 4.8614. The dividend yield of Goldcorp, Inc. stocks is 1.75%. Goldcorp, Inc. had an annual average earnings growth of 19% over the past 10 years. GuruFocus rated Goldcorp, Inc. the business predictability rank of 4.5-stars.

Goldcorp recently reported its fourth quarter 2012 financial results. The company announced operating cash flows of $787 million for the fourth quarter and $2.09 billion for 2012, compared to $727 million and $2.3 billion, respectively, in 2011.

Ray Dalio bought 141,789 shares in the quarter that ended on Dec. 31, 2012, which is 0.053% of the $9.82 billion portfolio of Bridgewater Associates. John Hussman owns 1,000,000 shares as of Dec. 31, 2012, an increase of 300% from the previous quarter. This position accounts for 0.97% of the $3.8 billion portfolio of Hussman Econometrics Advisors.