Last week's top five guru bargain stocks were Smithfield Foods Inc, American Express Company, Coventry Health Care Inc, Eastman Chemical Company, and Level 3 Communications Inc. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.
Smithfield Foods Inc. ( SFD): Down 21% Since Michael Price Bought In the Quarter Ended on 2008-12-31
Michael Price initiated holdings in Food Products company Smithfield Foods Inc. during the quarter ended 12/31/2008. He owned 20,000 shares of as of 12/31/2008. Smithfield Foods Inc. is one of the world's largest pork processors and hog producer. It has a market cap of $1.17 billion; its shares were traded at around $8.16 with a P/E ratio of 37.2 and P/S ratio of 0.1. Smithfield Foods Inc. had an annual average earning growth of 1.9% over the past 10 years.
David Einhorn bought 239,263 shares in the quarter that ended on 12/31/2008, which is 0.17% of the $1.98 billion portfolio of Greenlight Capital Inc. Michael Price bought 20,000 shares in the quarter that ended on 12/31/2008, which is 0.14% of the $206 million portfolio of MFP Investors LLC. NWQ Managers owns 3,040,765 shares as of 12/31/2008, which accounts for 0.28% of the $15.24 billion portfolio of NWQ Investment Management Co.
Smithfield Foods recently reported its third quarter 2009 results. The company reported a net loss of 72 cents per diluted share, or $135.5 million. The company gained $154 million in the third quarter 2008. Sales were $3.3 billion versus $3.1 billion a year ago. The current quarter included 14 weeks compared to 13 weeks in last year's third quarter.
Buy: Pres. & COO, Pork Group George H Richter bought 19,000 shares of SFD stock on 10/10/2008 at the average price of $13.17; the price of the stock has decreased by 38.04% since.
American Express Company ( AXP): Down 40% Since Bruce Berkowitz Bought In the Quarter Ended on 2008-12-31
Bruce Berkowitz initiated holdings in Consumer Finance company American Express Company during the quarter ended 12/31/2008. He owned 13,536,450 shares of as of 12/31/2008. American Express Company is primarily engaged in the business of providing travel related services financial advisory services and international banking services throughout the world. American Express has a market cap of $15.33 billion; its shares were traded at around $13.09 with a P/E ratio of 5.7 and P/S ratio of 0.6. The dividend yield of American Express Company stocks is 5.4%. American Express Company had an annual average earning growth of 1.3% over the past 10 years.
Glenn Greenberg bought 7,923,790 shares in the quarter that ended on 12/31/2008, which is 5.82% of the $2.53 billion portfolio of Chieftain Capital Management Inc. 4 other gurus also initiated their holdings in the company. 3 Gurus increased their positions in the company. Tweedy Browne owns 4,882,864 shares as of 12/31/2008, a decrease of 33.3% of from the previous quarter. This position accounts for 5.63% of the $1.61 billion portfolio of Tweedy Browne CO LLC. Robert Olstein sold out his holdings in the quarter that ended on 12/31/2008.
American Express Company recently reported its fourth quarter 2008 results. The company announced that its fourth quarter earnings from continuing operations was $238 million, or 21 cents per share. The company also reported earnings of $2.8 billion, or $2.42 per share results for the full year of 2008.
Buy: Director Ronald A Williams bought 20,000 shares of AXP stock on 02/18/2009 at the average price of $14.06; the price of the stock has decreased by 6.9% since.
Coventry Health Care Inc. (CVH, Financial): Down 26% Since Edward Owens Bought In the Quarter Ended on 2008-12-31
Edward Owens added to his holdings in Health Care Providers company Coventry Health Care Inc. by 28.32% during the quarter ended 12/31/2008. He owned 9,386,300 shares of as of 12/31/2008. Coventry Health Care Inc. is a managed health care company. The Company has a market cap of $1.63 billion; its shares were traded at around $10.99 with a P/E ratio of 4.1 and P/S ratio of 0.1. Coventry Health Care Inc. had an annual average earning growth of 43.3% over the past 10 years. GuruFocus rated Coventry Health Care Inc. the business predictability rank of 4.5-star.
Coventry Health Care recently reported its fourth quarter earnings. The company reported earnings of 60 cents per diluted share. For the year ended December 31, 2008, total revenues were $11.9 billion with net earnings of $381.9 million, or $2.54 per diluted share. The company said that its revenue increased about 8% compared to its fourth quarter revenues of one year ago.
Richard Snow owns 5,014,494 shares as of 12/31/2008, an increase of 74.78% from the previous quarter. This position accounts for 3.26% of the $2.29 billion portfolio of Snow Capital Management, L.P.. Edward Owens owns 9,386,300 shares as of 12/31/2008, an increase of 28.32% from the previous quarter. This position accounts for 0.79% of the $17.62 billion portfolio of Vanguard Health Care Fund.
Buy: President and CEO, Director Dale B Wolf bought 25,000 shares of CVH stock on 10/24/2008 at the average price of $12.13; the price of the stock has decreased by 9.4% since.
Eastman Chemical Company ( EMN): Down 31% Since Jean-Marie Eveillard Bought In the Quarter Ended on 2008-12-31
Jean-Marie Eveillard added to his holdings in Specialty Chemicals company Eastman Chemical Company by 21.07% during the quarter ended 12/31/2008. He owned 382,670 shares of as of 12/31/2008. Eastman Chemical Company is a global chemical company with a broad portfolio of chemical plastic and fiber products. The company has a market cap of $1.69 billion; its shares were traded at around $23.36 with a P/E ratio of 5.2 and P/S ratio of 0.2. The dividend yield of Eastman Chemical Company stocks is 7.4%. Eastman Chemical Company had an annual average earning growth of 3.3% over the past 10 years.
Eastman recently reported its fourth quarter and full year 2008 results. The company announced a loss of $0.03 per diluted share for fourth quarter 2008, compared to earnings from continuing operations of $1.25 per diluted share for fourth quarter 2007. 4Q fourth-quarter 2008 earnings were $0.05 per diluted share, while fourth-quarter 2007 earnings from continuing operations were $1.27 per diluted share.
HOTCHKIS & WILEY owns 4,231,500 shares as of 12/31/2008, an increase of 49.36% from the previous quarter. This position accounts for 1.28% of the $10.45 billion portfolio of HOTCHKIS & WILEY Capital Management LLC. Jean-Marie Eveillard owns 382,670 shares as of 12/31/2008, an increase of 21.07% from the previous quarter. This position accounts for 0.16% of the $7.54 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.
Buy: Director Peter M Wood bought 2,000 shares of EMN stock on 03/05/2009 at the average price of $17.98; the price of the stock has increased by 29.92% since.
Level 3 Communications Inc. ( LVLT): Down 31% Since Prem Watsa Bought In the Quarter Ended on 2008-12-31
Prem Watsa added to his holdings in Fixed Line Telecommunications company Level 3 Communications Inc. by 19.35% during the quarter ended 12/31/2008. H owned 139,276,421 shares of as of 12/31/2008. Level 3 Communications is an international communications and information services company. The company operates one of the largest Internet backbones in the world is one of the largest providers of wholesale dial-up service to ISPs in North America. Level 3 Communications Inc. has a market cap of $1.01 billion; its shares were traded at around $0.62 with and P/S ratio of 0.3.
Level 3 Communications recently reported its fourth quarter and full year 2008 results. The company announced that its consolidated revenue was $1.05 billion. The company said that its net income was $44 million ($0.03 per basic share or ($0.03) per diluted share).
Prem Watsa owns 139,276,421 shares as of 12/31/2008, an increase of 19.35% from the previous quarter. This position accounts for 1.86% of the $5.15 billion portfolio of Fairfax Financial Holdings, Inc.. Mason Hawkins owns 445,159,828 shares as of 12/31/2008, which accounts for 1.8% of the $17.32 billion portfolio of Southeastern Asset Management.
Sell: CEO James Q Crowe sold 25,270 shares of LVLT stock on 02/27/2009 at the average price of $0.7; the price of the stock has decreased by 11.43% since.
Smithfield Foods Inc. ( SFD): Down 21% Since Michael Price Bought In the Quarter Ended on 2008-12-31
Michael Price initiated holdings in Food Products company Smithfield Foods Inc. during the quarter ended 12/31/2008. He owned 20,000 shares of as of 12/31/2008. Smithfield Foods Inc. is one of the world's largest pork processors and hog producer. It has a market cap of $1.17 billion; its shares were traded at around $8.16 with a P/E ratio of 37.2 and P/S ratio of 0.1. Smithfield Foods Inc. had an annual average earning growth of 1.9% over the past 10 years.
David Einhorn bought 239,263 shares in the quarter that ended on 12/31/2008, which is 0.17% of the $1.98 billion portfolio of Greenlight Capital Inc. Michael Price bought 20,000 shares in the quarter that ended on 12/31/2008, which is 0.14% of the $206 million portfolio of MFP Investors LLC. NWQ Managers owns 3,040,765 shares as of 12/31/2008, which accounts for 0.28% of the $15.24 billion portfolio of NWQ Investment Management Co.
Smithfield Foods recently reported its third quarter 2009 results. The company reported a net loss of 72 cents per diluted share, or $135.5 million. The company gained $154 million in the third quarter 2008. Sales were $3.3 billion versus $3.1 billion a year ago. The current quarter included 14 weeks compared to 13 weeks in last year's third quarter.
Buy: Pres. & COO, Pork Group George H Richter bought 19,000 shares of SFD stock on 10/10/2008 at the average price of $13.17; the price of the stock has decreased by 38.04% since.
American Express Company ( AXP): Down 40% Since Bruce Berkowitz Bought In the Quarter Ended on 2008-12-31
Bruce Berkowitz initiated holdings in Consumer Finance company American Express Company during the quarter ended 12/31/2008. He owned 13,536,450 shares of as of 12/31/2008. American Express Company is primarily engaged in the business of providing travel related services financial advisory services and international banking services throughout the world. American Express has a market cap of $15.33 billion; its shares were traded at around $13.09 with a P/E ratio of 5.7 and P/S ratio of 0.6. The dividend yield of American Express Company stocks is 5.4%. American Express Company had an annual average earning growth of 1.3% over the past 10 years.
Glenn Greenberg bought 7,923,790 shares in the quarter that ended on 12/31/2008, which is 5.82% of the $2.53 billion portfolio of Chieftain Capital Management Inc. 4 other gurus also initiated their holdings in the company. 3 Gurus increased their positions in the company. Tweedy Browne owns 4,882,864 shares as of 12/31/2008, a decrease of 33.3% of from the previous quarter. This position accounts for 5.63% of the $1.61 billion portfolio of Tweedy Browne CO LLC. Robert Olstein sold out his holdings in the quarter that ended on 12/31/2008.
American Express Company recently reported its fourth quarter 2008 results. The company announced that its fourth quarter earnings from continuing operations was $238 million, or 21 cents per share. The company also reported earnings of $2.8 billion, or $2.42 per share results for the full year of 2008.
Buy: Director Ronald A Williams bought 20,000 shares of AXP stock on 02/18/2009 at the average price of $14.06; the price of the stock has decreased by 6.9% since.
Coventry Health Care Inc. (CVH, Financial): Down 26% Since Edward Owens Bought In the Quarter Ended on 2008-12-31
Edward Owens added to his holdings in Health Care Providers company Coventry Health Care Inc. by 28.32% during the quarter ended 12/31/2008. He owned 9,386,300 shares of as of 12/31/2008. Coventry Health Care Inc. is a managed health care company. The Company has a market cap of $1.63 billion; its shares were traded at around $10.99 with a P/E ratio of 4.1 and P/S ratio of 0.1. Coventry Health Care Inc. had an annual average earning growth of 43.3% over the past 10 years. GuruFocus rated Coventry Health Care Inc. the business predictability rank of 4.5-star.
Coventry Health Care recently reported its fourth quarter earnings. The company reported earnings of 60 cents per diluted share. For the year ended December 31, 2008, total revenues were $11.9 billion with net earnings of $381.9 million, or $2.54 per diluted share. The company said that its revenue increased about 8% compared to its fourth quarter revenues of one year ago.
Richard Snow owns 5,014,494 shares as of 12/31/2008, an increase of 74.78% from the previous quarter. This position accounts for 3.26% of the $2.29 billion portfolio of Snow Capital Management, L.P.. Edward Owens owns 9,386,300 shares as of 12/31/2008, an increase of 28.32% from the previous quarter. This position accounts for 0.79% of the $17.62 billion portfolio of Vanguard Health Care Fund.
Buy: President and CEO, Director Dale B Wolf bought 25,000 shares of CVH stock on 10/24/2008 at the average price of $12.13; the price of the stock has decreased by 9.4% since.
Eastman Chemical Company ( EMN): Down 31% Since Jean-Marie Eveillard Bought In the Quarter Ended on 2008-12-31
Jean-Marie Eveillard added to his holdings in Specialty Chemicals company Eastman Chemical Company by 21.07% during the quarter ended 12/31/2008. He owned 382,670 shares of as of 12/31/2008. Eastman Chemical Company is a global chemical company with a broad portfolio of chemical plastic and fiber products. The company has a market cap of $1.69 billion; its shares were traded at around $23.36 with a P/E ratio of 5.2 and P/S ratio of 0.2. The dividend yield of Eastman Chemical Company stocks is 7.4%. Eastman Chemical Company had an annual average earning growth of 3.3% over the past 10 years.
Eastman recently reported its fourth quarter and full year 2008 results. The company announced a loss of $0.03 per diluted share for fourth quarter 2008, compared to earnings from continuing operations of $1.25 per diluted share for fourth quarter 2007. 4Q fourth-quarter 2008 earnings were $0.05 per diluted share, while fourth-quarter 2007 earnings from continuing operations were $1.27 per diluted share.
HOTCHKIS & WILEY owns 4,231,500 shares as of 12/31/2008, an increase of 49.36% from the previous quarter. This position accounts for 1.28% of the $10.45 billion portfolio of HOTCHKIS & WILEY Capital Management LLC. Jean-Marie Eveillard owns 382,670 shares as of 12/31/2008, an increase of 21.07% from the previous quarter. This position accounts for 0.16% of the $7.54 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.
Buy: Director Peter M Wood bought 2,000 shares of EMN stock on 03/05/2009 at the average price of $17.98; the price of the stock has increased by 29.92% since.
Level 3 Communications Inc. ( LVLT): Down 31% Since Prem Watsa Bought In the Quarter Ended on 2008-12-31
Prem Watsa added to his holdings in Fixed Line Telecommunications company Level 3 Communications Inc. by 19.35% during the quarter ended 12/31/2008. H owned 139,276,421 shares of as of 12/31/2008. Level 3 Communications is an international communications and information services company. The company operates one of the largest Internet backbones in the world is one of the largest providers of wholesale dial-up service to ISPs in North America. Level 3 Communications Inc. has a market cap of $1.01 billion; its shares were traded at around $0.62 with and P/S ratio of 0.3.
Level 3 Communications recently reported its fourth quarter and full year 2008 results. The company announced that its consolidated revenue was $1.05 billion. The company said that its net income was $44 million ($0.03 per basic share or ($0.03) per diluted share).
Prem Watsa owns 139,276,421 shares as of 12/31/2008, an increase of 19.35% from the previous quarter. This position accounts for 1.86% of the $5.15 billion portfolio of Fairfax Financial Holdings, Inc.. Mason Hawkins owns 445,159,828 shares as of 12/31/2008, which accounts for 1.8% of the $17.32 billion portfolio of Southeastern Asset Management.
Sell: CEO James Q Crowe sold 25,270 shares of LVLT stock on 02/27/2009 at the average price of $0.7; the price of the stock has decreased by 11.43% since.
