According to the U.S. Department of Labor, the rate of unemployment is at its highest since 1986. Employers cut 49,000 jobs in May, which brings the total of employed to 8.5 million. Fuel prices are steadily high above $130 a barrel. A lot of Guru stocks declined with the general market. Time to hunt some bargains?
The US secretary of energy Samuel Bodman says, “Production has not kept pace with growing demand for oil, resulting in increasing prices and increasingly volatile prices.” Related Companies: Barclays PLC (BCS, Financial), General Motors Corp. (GM, Financial), AMR Corp. (AMR, Financial), XL Capital Ltd (XL, Financial), Healthways Inc. (HWAY, Financial).
General Motors Corp. (GM): Down 35% Since Dodge & Cox Bought In the First Quarter of 2008
General Motors Corporation’s shares are at its lowest since 1982. Automakers face poor sales as gas prices soar beyond $135 a barrel. Sales between January and May of 2008 dropped 17%; also sales in May alone fell 30%. GM plans to close four truck/SUV plants, which means 8,350 lay-offs. For the first quarter, the company lost $3.3 billion on sales decline and expenses related to plant-strikes in American Axle and Manufacturing Holdings—GM’s major supplier. The plant-strikes cost GM up to $800 million. Non-domestic revenue rose 20%, while overall quarterly revenue stayed flat at $42.7 billion compared to $43.4 billion from 2007. GM is considering selling its Hummer business.
GM lost $3.3 billion in the first quarter and burned through $3.4 billion in cash from January through March. Its May sales were down 28 percent compared with last May.
Dodge & Cox bought 49,289,400 GM shares at $23 per share, while Bill Miller sold 66% of his GM holdings.
Director Kathryn V. Marinello bought 5,000 shares of GM stock on 5/12/08 at $20.42. Other gurus also own shares in GM: Jean-Marie Eveillard, Mason Hawkins, Ruane Cunniff, and Charles Brandes.
General Motors Corp. has a market cap of $8.43 billion; its shares were traded at around $14.89 with P/S ratio of 0.05. The dividend yield of General Motors Corp. stocks is 6.1%.
Barclays PLC (BCS): Down 27% Since Charles Brandes Bought In the First Quarter of 2008
UK based bank Barclays PLC (BCS) had been weighed down with $4.64 billion in losses from sub-prime mortgages in the U.S. Japanese bank, Sumitomoto Mitsui Financial Group Inc plans to invest $926 million in Barclays. Barclays’ first quarter earnings fell on $3.3 billion provision for losses.
Charles Brandes upped his Barclays holdings 72% when the shares were priced between $32.5 and $36.93.
Barclays PLC has a market cap of $41.05 billion; its shares were traded at around $25.7 with a P/E ratio of 4.90 and P/S ratio of 1.00. The dividend yield of Barclays PLC stocks is 14%.
AMR Corp. (AMR): Down 57% Since David Tepper Bought In the First Quarter of 2008
Analyst says that AMR Corporation (AMR), parent of American airlines, might be out of the woods from bankruptcy—the company has improved their cash flow and revenue. High priced fuel and the possibility of a huge merger between Continental and United Airlines Lines threaten American’s outlook. The nation’s 7 largest airlines, including AMR, totaled a $1.32 billion loss in the first quarter. Along with adding a $15 first bag fee, AMR will raise fares by $20. The company lost $328 million in the first quarter, while fuel costs totaled 45% higher or $665 million more than the same period in 2007.
David Tepper bought 75,000 shares at $12.60 before on 3/31/08. Bill Miller and Ronald Muhlenkamp kept their shares unchanged, as Richard Pzena sold out all his AMR holdings.
Insiders sold shares of AMR between $8.53 and $9.10: Chairman, President, CEO, Director Gerard J. Arpey sold 81,520 shares; EVP & CFO Thomas W. Horton and EVP Daniel P. Garton each sold 103,984 shares; EVP Robert W. Reding sold 129,168 shares; SVP Gary F. Kennedy sold 76,380 shares.
AMR Corp. has a market cap of $1.36 billion; its shares were traded at around $5.46 with a P/E ratio of 13.62 and P/S ratio of 0.06.
XL Capital Ltd (XL): Down 23% Since HOTCHKIS & WILEY Bought In the First Quarter of 2008
Crop and commercial insurer XL Capital, Ltd. (XL) faces large amount of claims due to flood in the mid-west. Analysts estimate a total of $3 billion in claim losses in Iowa. XL cut their 2 nd quarter earnings from $1.85 to $1.75 per share. The company declared their first quarter dividend at $0.38 a share. XL’s profits narrowed to $211.9 million or $1.20 a share, on $1.4 billion investment losses. In the same quarter of 2007, XL made a profit of $549.7million or $3.06 a share.
HOTCHKIS & WILEY increased his XL holdings by 12% between $29.5 and $49.33. Richard Snow, Sarah Ketterer, Richard Pzena, and Tom Gayner current have holdings in XL Capital.
XL Capital Ltd has a market cap of $5.39 billion; its shares were traded at around $30.09 with P/S ratio of 0.60. The dividend yield of XL Capital Ltd stocks is 5%.
Healthways Inc. (HWAY): Down 37% Since Jean-Marie Eveillard Bought In the First Quarter of 2008
Healthways, Inc. (HWAY), provider of health and wellness support solutions, reported a 29% increase in profits for the third quarter on 29 new contracts. Quarterly profit totaled $14 million or $0.39 per share, compared to $11 million or $0.29 from a year ago. HWAY expects 2008 profit to be between $1.50 and $1.55 a share, or $720 million and $740 million.
Jean-Marie Eveillard bought 8,000 Healthways shares prior to 3/31/08; His purchase prices were between $32.86 and $68.06, with an estimated average price of $48.40. Also Ron Baron reduced 40% of his holdings in HWAY.
While Director John A. Wickens bought 500 shares on 1/30/08 at $54.98, Director L. Ben Lytle and EVP Mary D Hunter sold 24,000 shares and 50,000 shares, respectively in January at around $67.52 a share.
Healthways Inc. has a market cap of $1.08 billion; its shares were traded at around $30.65 with a P/E ratio of 25.06 and P/S ratio of 1.61.
The US secretary of energy Samuel Bodman says, “Production has not kept pace with growing demand for oil, resulting in increasing prices and increasingly volatile prices.” Related Companies: Barclays PLC (BCS, Financial), General Motors Corp. (GM, Financial), AMR Corp. (AMR, Financial), XL Capital Ltd (XL, Financial), Healthways Inc. (HWAY, Financial).
General Motors Corp. (GM): Down 35% Since Dodge & Cox Bought In the First Quarter of 2008
General Motors Corporation’s shares are at its lowest since 1982. Automakers face poor sales as gas prices soar beyond $135 a barrel. Sales between January and May of 2008 dropped 17%; also sales in May alone fell 30%. GM plans to close four truck/SUV plants, which means 8,350 lay-offs. For the first quarter, the company lost $3.3 billion on sales decline and expenses related to plant-strikes in American Axle and Manufacturing Holdings—GM’s major supplier. The plant-strikes cost GM up to $800 million. Non-domestic revenue rose 20%, while overall quarterly revenue stayed flat at $42.7 billion compared to $43.4 billion from 2007. GM is considering selling its Hummer business.
GM lost $3.3 billion in the first quarter and burned through $3.4 billion in cash from January through March. Its May sales were down 28 percent compared with last May.
Dodge & Cox bought 49,289,400 GM shares at $23 per share, while Bill Miller sold 66% of his GM holdings.
Director Kathryn V. Marinello bought 5,000 shares of GM stock on 5/12/08 at $20.42. Other gurus also own shares in GM: Jean-Marie Eveillard, Mason Hawkins, Ruane Cunniff, and Charles Brandes.
General Motors Corp. has a market cap of $8.43 billion; its shares were traded at around $14.89 with P/S ratio of 0.05. The dividend yield of General Motors Corp. stocks is 6.1%.
Barclays PLC (BCS): Down 27% Since Charles Brandes Bought In the First Quarter of 2008
UK based bank Barclays PLC (BCS) had been weighed down with $4.64 billion in losses from sub-prime mortgages in the U.S. Japanese bank, Sumitomoto Mitsui Financial Group Inc plans to invest $926 million in Barclays. Barclays’ first quarter earnings fell on $3.3 billion provision for losses.
Charles Brandes upped his Barclays holdings 72% when the shares were priced between $32.5 and $36.93.
Barclays PLC has a market cap of $41.05 billion; its shares were traded at around $25.7 with a P/E ratio of 4.90 and P/S ratio of 1.00. The dividend yield of Barclays PLC stocks is 14%.
AMR Corp. (AMR): Down 57% Since David Tepper Bought In the First Quarter of 2008
Analyst says that AMR Corporation (AMR), parent of American airlines, might be out of the woods from bankruptcy—the company has improved their cash flow and revenue. High priced fuel and the possibility of a huge merger between Continental and United Airlines Lines threaten American’s outlook. The nation’s 7 largest airlines, including AMR, totaled a $1.32 billion loss in the first quarter. Along with adding a $15 first bag fee, AMR will raise fares by $20. The company lost $328 million in the first quarter, while fuel costs totaled 45% higher or $665 million more than the same period in 2007.
David Tepper bought 75,000 shares at $12.60 before on 3/31/08. Bill Miller and Ronald Muhlenkamp kept their shares unchanged, as Richard Pzena sold out all his AMR holdings.
Insiders sold shares of AMR between $8.53 and $9.10: Chairman, President, CEO, Director Gerard J. Arpey sold 81,520 shares; EVP & CFO Thomas W. Horton and EVP Daniel P. Garton each sold 103,984 shares; EVP Robert W. Reding sold 129,168 shares; SVP Gary F. Kennedy sold 76,380 shares.
AMR Corp. has a market cap of $1.36 billion; its shares were traded at around $5.46 with a P/E ratio of 13.62 and P/S ratio of 0.06.
XL Capital Ltd (XL): Down 23% Since HOTCHKIS & WILEY Bought In the First Quarter of 2008
Crop and commercial insurer XL Capital, Ltd. (XL) faces large amount of claims due to flood in the mid-west. Analysts estimate a total of $3 billion in claim losses in Iowa. XL cut their 2 nd quarter earnings from $1.85 to $1.75 per share. The company declared their first quarter dividend at $0.38 a share. XL’s profits narrowed to $211.9 million or $1.20 a share, on $1.4 billion investment losses. In the same quarter of 2007, XL made a profit of $549.7million or $3.06 a share.
HOTCHKIS & WILEY increased his XL holdings by 12% between $29.5 and $49.33. Richard Snow, Sarah Ketterer, Richard Pzena, and Tom Gayner current have holdings in XL Capital.
XL Capital Ltd has a market cap of $5.39 billion; its shares were traded at around $30.09 with P/S ratio of 0.60. The dividend yield of XL Capital Ltd stocks is 5%.
Healthways Inc. (HWAY): Down 37% Since Jean-Marie Eveillard Bought In the First Quarter of 2008
Healthways, Inc. (HWAY), provider of health and wellness support solutions, reported a 29% increase in profits for the third quarter on 29 new contracts. Quarterly profit totaled $14 million or $0.39 per share, compared to $11 million or $0.29 from a year ago. HWAY expects 2008 profit to be between $1.50 and $1.55 a share, or $720 million and $740 million.
Jean-Marie Eveillard bought 8,000 Healthways shares prior to 3/31/08; His purchase prices were between $32.86 and $68.06, with an estimated average price of $48.40. Also Ron Baron reduced 40% of his holdings in HWAY.
While Director John A. Wickens bought 500 shares on 1/30/08 at $54.98, Director L. Ben Lytle and EVP Mary D Hunter sold 24,000 shares and 50,000 shares, respectively in January at around $67.52 a share.
Healthways Inc. has a market cap of $1.08 billion; its shares were traded at around $30.65 with a P/E ratio of 25.06 and P/S ratio of 1.61.
