The investing phenomenon Mario Gabelli, founder, chairman and CEO of GAMCO Investors, holds a number of stocks at or near a 52-week low, including Layne Christensen Company (LAYN, Financial), InnerWorkings Inc. (INWK, Financial) and BioScrip Inc. (BIOS, Financial), all down between 23% and 60% over 12 months. Check out these three holdings for recent trading action and possible deep value, along with the latest company financials as of the third quarter.
InnerWorkings Inc. (INWK)
Business Predictability: 2 out of 5 Stars
A marketing company that specializes in branding and print solutions, InnerWorkings Inc. is down 60% over 12 months. The current share price is around $5.63.
The company has a market cap of $286.9 million; its trades with a P/E ratio of 20.50.
The company does not pay a dividend.
Mario Gabelli holds 10,000 shares valued at around $109,000.
As of Sept. 30, 2013, Mario Gabelli took a loss of 48.5% on 10,000 shares at an average price of $10.94. Buying those shares in the first quarter of 2010 at an average price of $5.85, he took a loss of 4%.
His current shares weight his portfolio by 0.0007%.
The company reported financial results for the third quarter of 2013 with a 16% increase in revenue of $232.6 million, up from $199.8 million in the same quarter of 2012. InnerWorks reported adjusted EBITDA at $8.5 million (non-GAAP), down from $11.3 million in the third quarter a year ago. The company’s adjusted operating cash flow of $1.6 million (non-GAAP), was up slightly from $1.4 million in the same quarter of 2012. A company press release reported new enterprise growth was up 10% over the same quarter of last year, with $20 million for the reporting quarter.
Tracking historical share pricing, revenue and net income:
BioScrip Inc. (BIOS)
Business Predictability: 1 out of 5 Stars
A pharmaceutical retailer and provider of home health services, BioScrip Inc. is down 39% over 12 months. The current share price is around $5.77.
The company has a market cap of $390.6 million; its trades with a P/B ratio of 0.97.
The company does not pay a dividend.
Mario Gabelli holds 23,000 shares valued at around $380,000. Over a five-quarter history of losses, Gabelli has averaged a loss of 37% on 24,900 shares bought at an average price of $9.15. Selling 200 shares at an average price of $14.04, he took a loss of 59%.
Gabelli bought 1,700 shares at an average price of $13.73, for a loss of 58% in the third quarter of 2013.
His current shares weight his portfolio by 0.0024%.
The company reported financial results for the third quarter of 2013, with a gross profit of$68.7 million, up from $58 million in the same quarter a year ago. Based the on prior year quarter, BioScrip reported a 22.6% increase in revenue at $38.5 million. The company reported a net loss of $22.4 million for the third quarter, translating to a loss $0.35 in earnings per diluted share. Consolidated adjusted EBITDA for the third quarter was reported as $12.1 million. Adjusted earnings per diluted share for the third quarter were $0.00. The company sold its pharmacy mail operations and community retail pharmacy stores in May 2012, according to a company press release.
Tracking historical share pricing, revenue and net income:
Layne Christensen Company (LAYN)
Business Predictability: 1 out of 5 Stars
A global water management, construction and drilling company, Layne Christensen Company is down 23% over 12 months. The current share price is around $16.52.
The company has a market cap of $328.3 million; its trades with a P/B ratio of 1.04.
The company does not pay a dividend.
Mario Gabelli holds 1,756,862 shares valued at around $34.2 million. Over a five-year history of pure losses, Gabelli has averaged a loss of 26% on 1,734,958 shares at an average price of $22.47. Selling 69,096 shares at an average price of $28.55, he also lost 42%.
Increasing his position by 13.47%, Gabelli last bought 208,500 shares at an average price of $20.31, taking a loss of 18.7% in the second quarter of 2013.
His current shares weight his portfolio by 0.22%.
The company reported financial results for the second quarter fiscal 2014 with revenue of $232 million, down from $288 million in the prior year quarter. The company reported a net income loss of $80.2 million for the reporting quarter, compared to a net income loss of $3.12 million in the same quarter a year ago. The loss per diluted share is $2.92 for the reporting quarter, compared to a loss of $0.40 per share in the same quarter of the fiscal 2013.
Tracking historical share pricing, revenue and net income:
The third quarter portfolio of Mario Gabelli’s GAMCO Investors lists 799 stocks, 50 of them new, and a total value of $15.9 billion, with a quarter over quarter turnover at 4%.
Check here for insight into GAMCO Investors (GBL).
Check out the GuruFocus Guru Bargains feature to discover more stocks priced at around 20% off since billionaires last bought.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
If you are not a Premium Member, we invite you for a 7-day Free Trial.
InnerWorkings Inc. (INWK)
Business Predictability: 2 out of 5 Stars
A marketing company that specializes in branding and print solutions, InnerWorkings Inc. is down 60% over 12 months. The current share price is around $5.63.
The company has a market cap of $286.9 million; its trades with a P/E ratio of 20.50.
The company does not pay a dividend.
Mario Gabelli holds 10,000 shares valued at around $109,000.
As of Sept. 30, 2013, Mario Gabelli took a loss of 48.5% on 10,000 shares at an average price of $10.94. Buying those shares in the first quarter of 2010 at an average price of $5.85, he took a loss of 4%.
His current shares weight his portfolio by 0.0007%.
The company reported financial results for the third quarter of 2013 with a 16% increase in revenue of $232.6 million, up from $199.8 million in the same quarter of 2012. InnerWorks reported adjusted EBITDA at $8.5 million (non-GAAP), down from $11.3 million in the third quarter a year ago. The company’s adjusted operating cash flow of $1.6 million (non-GAAP), was up slightly from $1.4 million in the same quarter of 2012. A company press release reported new enterprise growth was up 10% over the same quarter of last year, with $20 million for the reporting quarter.
Tracking historical share pricing, revenue and net income:
BioScrip Inc. (BIOS)
Business Predictability: 1 out of 5 Stars
A pharmaceutical retailer and provider of home health services, BioScrip Inc. is down 39% over 12 months. The current share price is around $5.77.
The company has a market cap of $390.6 million; its trades with a P/B ratio of 0.97.
The company does not pay a dividend.
Mario Gabelli holds 23,000 shares valued at around $380,000. Over a five-quarter history of losses, Gabelli has averaged a loss of 37% on 24,900 shares bought at an average price of $9.15. Selling 200 shares at an average price of $14.04, he took a loss of 59%.
Gabelli bought 1,700 shares at an average price of $13.73, for a loss of 58% in the third quarter of 2013.
His current shares weight his portfolio by 0.0024%.
The company reported financial results for the third quarter of 2013, with a gross profit of$68.7 million, up from $58 million in the same quarter a year ago. Based the on prior year quarter, BioScrip reported a 22.6% increase in revenue at $38.5 million. The company reported a net loss of $22.4 million for the third quarter, translating to a loss $0.35 in earnings per diluted share. Consolidated adjusted EBITDA for the third quarter was reported as $12.1 million. Adjusted earnings per diluted share for the third quarter were $0.00. The company sold its pharmacy mail operations and community retail pharmacy stores in May 2012, according to a company press release.
Tracking historical share pricing, revenue and net income:
Layne Christensen Company (LAYN)
Business Predictability: 1 out of 5 Stars
A global water management, construction and drilling company, Layne Christensen Company is down 23% over 12 months. The current share price is around $16.52.
The company has a market cap of $328.3 million; its trades with a P/B ratio of 1.04.
The company does not pay a dividend.
Mario Gabelli holds 1,756,862 shares valued at around $34.2 million. Over a five-year history of pure losses, Gabelli has averaged a loss of 26% on 1,734,958 shares at an average price of $22.47. Selling 69,096 shares at an average price of $28.55, he also lost 42%.
Increasing his position by 13.47%, Gabelli last bought 208,500 shares at an average price of $20.31, taking a loss of 18.7% in the second quarter of 2013.
His current shares weight his portfolio by 0.22%.
The company reported financial results for the second quarter fiscal 2014 with revenue of $232 million, down from $288 million in the prior year quarter. The company reported a net income loss of $80.2 million for the reporting quarter, compared to a net income loss of $3.12 million in the same quarter a year ago. The loss per diluted share is $2.92 for the reporting quarter, compared to a loss of $0.40 per share in the same quarter of the fiscal 2013.
Tracking historical share pricing, revenue and net income:
The third quarter portfolio of Mario Gabelli’s GAMCO Investors lists 799 stocks, 50 of them new, and a total value of $15.9 billion, with a quarter over quarter turnover at 4%.
Check here for insight into GAMCO Investors (GBL).
Check out the GuruFocus Guru Bargains feature to discover more stocks priced at around 20% off since billionaires last bought.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
If you are not a Premium Member, we invite you for a 7-day Free Trial.
