According to GuruFocus updates, these stocks have declined the most since Gurus have bought: Apollo Group Inc. (APOL, Financial), TIME WARNER CABLE INC (TWC, Financial), Valero Energy Corp. (VLO, Financial), Alexandria Real Estate Equities Inc. ( ARE), and Pepco Holdings Inc. (PHI, Financial)
Apollo Group Inc. (APOL): Down 16% Since Ken Heebner Bought In the Quarter Ended on 2009-03-31
Ken Heebner added to his holdings in Specialized Consumer Services company Apollo Group Inc. by 22.52% during the quarter ended 03/31/2009. His purchase prices were between $64.69 and $89.22, with an estimated average price of $78.4. Since then the prices of Apollo Group Inc. shares have declined by -16% from the estimated average. Ken Heebner owned 3,920,500 shares of as of 03/31/2009.
Apollo Group Inc. has been providing higher education to working adults for over 25 years. They operate through their subsidiaries the University of Phoenix Inc. the Institute for Professional Development the College for Financial Planning Institutes Corporation Western International University Inc. and Apollo Learning Group Inc. Apollo Group Inc. has a market cap of $10.61 billion; its shares were traded at around $66.19 with a P/E ratio of 19 and P/S ratio of 3.3. Apollo Group Inc. had an annual average earning growth of 29.1% over the past 10 years. GuruFocus rated Apollo Group Inc. the business predictability rank of 4-star.
Apollo recently reported its second quarter 2009 results. The company announced that its net revenue was $876 million, which was 26.3% higher than its second quarter 2008 results. “We are pleased with the growth in revenue and enrollments in our second quarter and we believe we are continuing to benefit from investments we are making in key academic and operational areas,” said Chas Edelstein, Chief Executive Officer of Apollo Group. “ University of Phoenix again contributed significantly to our results, driven by 20% Degreed Enrollment growth, bringing the total during the quarter to nearly 400,000 students. This growth would not be possible without the incredible commitment of our faculty and staff who work tirelessly to provide a high level of academic quality in the classroom and outstanding support to our students.” The company also reported that it would announce its third quarter results on the 29 th of June, after the market closes.
Steve Mandel bought 1,888,980 shares in the quarter that ended on 03/31/2009, which is 2.25% of the $6.58 billion portfolio of Lone Pine Capital. Kenneth Fisher bought 2,650 shares in the quarter that ended on 03/31/2009, which is less than 0.01% of the $20.33 billion portfolio of Fisher Asset Management, LLC. Ken Heebner owns 3,920,500 shares as of 03/31/2009, an increase of 22.52% from the previous quarter. This position accounts for 5.68% of the $5.4 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. Lee Ainslie owns 1,808,920 shares as of 03/31/2009, an increase of 13.75% from the previous quarter. This position accounts for 2.6% of the $5.45 billion portfolio of Maverick Capital. Andreas Halvorsen owns 5,781,300 shares as of 03/31/2009, a decrease of 32.43% of from the previous quarter. This position accounts for 12.67% of the $3.58 billion portfolio of Viking Global Investors LP.
Buy: SVP, CFO & Treasurer Brian L Swartz bought 1,000 shares of APOL stock on 04/03/2009 at the average price of $67.6; the price of the stock has decreased by 2.09% since.
TIME WARNER CABLE INC (TWC): Down 25% Since Lee Ainslie Bought In the Quarter Ended on 2009-03-31
Lee Ainslie initiated holdings in Specialized Consumer Services company TIME WARNER CABLE INC during the quarter ended 03/31/2009. His purchase prices were between $25.52 and $49.99, with an estimated average price of $40.4. Since then the prices of TIME WARNER CABLE INC shares have declined by -25% from the estimated average. Lee Ainslie owned 541,964 shares of as of 03/31/2009.
Time Warner Cable Inc. is the second-largest cable operator in the U.S. and an industry leader in developing and launching innovative video data and voice services. They deliver their services to customers over technologically-advanced well-clustered cable systems that pass approximately 26 million homes. TIME WARNER CABLE INC has a market cap of $9.87 billion; its shares were traded at around $30.32 with a P/E ratio of 8 and P/S ratio of 0.6.
Time Warner Cable recently reported its first quarter 2009 results. The company announced that its revenue increased 5% year over year to $4.4 billion. Revenue was $4.2 billion a year ago in the same period. Time Warner Cable Chief Executive Officer Glenn Britt said: “Time Warner Cable performed well in the first quarter, growing revenues, adjusted OIBDA and free cash flow from last year. We added very healthy numbers of new subscribers to our video, high-speed data and phone services, and our commercial services business continued to grow rapidly. We’re excited to be an independent company. Cable is a very good business, and our operations are strong and growing despite a challenging economy. We continue to generate very healthy free cash flow which will enable us to reduce debt over the next year.”
Many gurus (6) have recently been initiating their positions in the company. George Soros sold out his holdings in the quarter that ended on 03/31/2009. John Paulson sold out his holdings in the quarter that ended on 03/31/2009.
Sell: EVP & President, TWC Ventures Carl Uj Rossetti sold 183 shares of TWC stock on 06/02/2009 at the average price of $31.13; the price of the stock has decreased by 2.6% since.
Valero Energy Corp. (VLO): Down 19% Since Charles Brandes Bought In the Quarter Ended on 2009-03-31
Charles Brandes added to his holdings in Exploration & Production company Valero Energy Corp. by 104.76% during the quarter ended 03/31/2009. His purchase prices were between $16.24 and $24.43, with an estimated average price of $21.1. Since then the prices of Valero Energy Corp. shares have declined by -19% from the estimated average. Charles Brandes owned 3,068,516 shares of as of 03/31/2009.
Valero Energy Corporation owns and operates refineries in the United States and Canada with a combined throughput capacity of approximately two million BPD making it one of the nation's top refiners of petroleum products. Valero is also one of the nation's leading retail operators with retail outlets in the United States and Canada under various brand names including Diamond Shamrock Ultramar Valero Beacon and Total. Valero Energy Corp. has a market cap of $8.88 billion; its shares were traded at around $17.19 with a P/E ratio of 3.3 and P/S ratio of 0.1. The dividend yield of Valero Energy Corp. stocks is 3.5%. Valero Energy Corp. had an annual average earning growth of 35.9% over the past 10 years. GuruFocus rated Valero Energy Corp. the business predictability rank of 4.5-star.
Valero recently reported its first quarter 2009 results. The company announced that its net income was 59 cents per share, compared to 48 cents per share in the first quarter of 2008. “We reported positive earnings despite weaker demand,” said Bill Klesse, Valero’s Chairman of the Board and Chief Executive Officer. “In fact, our first quarter 2009 earnings per share were 23% higher than the first quarter of 2008, and 64% higher if you exclude last year’s insurance recovery. In all our regions, gasoline margins were unseasonably strong and nearly double the level in the same quarter last year. Diesel and jet fuel margins were also good in the first quarter despite being down from last year’s high levels.
Richard Pzena bought 879,875 shares in the quarter that ended on 03/31/2009, which is 0.23% of the $6.95 billion portfolio of Pzena Investment Management LLC. Charles Brandes owns 3,068,516 shares as of 03/31/2009, an increase of 104.76% from the previous quarter. This position accounts for 0.34% of the $16.16 billion portfolio of Brandes Investment. John Griffin sold out his holdings in the quarter that ended on 03/31/2009.
Sell: Director Susan Kaufman Purcell sold 8,000 shares of VLO stock on 05/08/2009 at the average price of $22.98; the price of the stock has decreased by 25.2% since.
Alexandria Real Estate Equities Inc. (ARE, Financial): Down 24% Since David Dreman Bought In the Quarter Ended on 2009-03-31
David Dreman initiated holdings in Real Estate Holding & Development company Alexandria Real Estate Equities Inc. during the quarter ended 03/31/2009. His purchase prices were between $32.11 and $62.61, with an estimated average price of $47.2. Since then the prices of Alexandria Real Estate Equities Inc. shares have declined by -24% from the estimated average. David Dreman owned 371,160 shares of as of 03/31/2009.
Alexandria Real Estate Equities Inc. Landlord and Developer of Choice to the Life Science Industry is a publicly-traded real estate investment trust focused principally on the ownership operation management selective redevelopment development and acquisition of life science properties. Our properties are designed and improved for lease primarily to institutional pharmaceutical biotechnology medical device life science product service biodefense and translational medicine entities as well as governmental agencies. Alexandria Real Estate Equities Inc. has a market cap of $1.41 billion; its shares were traded at around $35.74 with a P/E ratio of 5.5 and P/S ratio of 3.1. The dividend yield of Alexandria Real Estate Equities Inc. stocks is 8.9%. Alexandria Real Estate Equities Inc. had an annual average earning growth of 8.9% over the past 5 years.
David Dreman bought 371,160 shares in the quarter that ended on 03/31/2009, which is 0.24% of the $5.74 billion portfolio of Dreman Value Management. Chris Davis owns 1,570,868 shares as of 03/31/2009, an increase of 18.96% from the previous quarter. This position accounts for 0.15% of the $38.73 billion portfolio of Davis Selected Advisers. Chris Davis owns 1,570,868 shares as of 03/31/2009, which accounts for 0.15% of the $38.73 billion portfolio of Davis Selected Advisers. Kenneth Fisher owns 34,625 shares as of 03/31/2009, which accounts for 0.01% of the $20.33 billion portfolio of Fisher Asset Management, LLC. Ken Heebner owns 1,087,400 shares as of 03/31/2009, which accounts for 0.73% of the $5.4 billion portfolio of CAPITAL GROWTH MANAGEMENT LP.
Sell: CEO Joel S Marcus sold 10,000 shares of ARE stock on 03/12/2009 at the average price of $38.69; the price of the stock has decreased by 7.62% since. The company was also recently traded in by its CFO.
Pepco Holdings Inc. (PHI): Down 13% Since John Hussman Bought In the Quarter Ended on 2009-03-31
John Hussman added to his holdings in Electricity company Pepco Holdings Inc. by 50% during the quarter ended 03/31/2009. His purchase prices were between $10.36 and $18.13, with an estimated average price of $15.1. Since then the prices of Pepco Holdings Inc. shares have declined by -13% from the estimated average. John Hussman owned 300,000 shares of as of 03/31/2009.
Pepco Holdings Inc. is an energy holding company. Pepco has been providing reliable electric service for more than one hundred years. Today they deliver electricity to homes and businesses in the District of Columbia and its Maryland suburbs. Pepco Holdings Inc. has a market cap of $2.91 billion; its shares were traded at around $13.21 with a P/E ratio of 8.2 and P/S ratio of 0.3. The dividend yield of Pepco Holdings Inc. stocks is 8.2%.
Pepco recently reported its first quarter 2009 results. The company announced consolidated earnings of 21 cents per share, compared to 49 cents per share in the first quarter of 2008.
David Dreman bought 15,070 shares in the quarter that ended on 03/31/2009, which is less than 0.01% of the $5.74 billion portfolio of Dreman Value Management. Robert Bruce owns 60,900 shares as of 03/31/2009, an increase of 458.72% from the previous quarter. This position accounts for 1.01% of the $72 million portfolio of Bruce & Co., Inc.. John Hussman owns 300,000 shares as of 03/31/2009, an increase of 50% from the previous quarter. This position accounts for 0.09% of the $4.07 billion portfolio of Hussman Economtrics Advisors, Inc..
Buy: President and CEO Joseph M Rigby bought 10,000 shares of POM stock on 03/09/2009 at the average price of $10.23; the price of the stock has increased by 29.13% since.
For the complete list of stocks that Guru Bargains, go to: Value Bargains of Gurus.
Apollo Group Inc. (APOL): Down 16% Since Ken Heebner Bought In the Quarter Ended on 2009-03-31
Ken Heebner added to his holdings in Specialized Consumer Services company Apollo Group Inc. by 22.52% during the quarter ended 03/31/2009. His purchase prices were between $64.69 and $89.22, with an estimated average price of $78.4. Since then the prices of Apollo Group Inc. shares have declined by -16% from the estimated average. Ken Heebner owned 3,920,500 shares of as of 03/31/2009.
Apollo Group Inc. has been providing higher education to working adults for over 25 years. They operate through their subsidiaries the University of Phoenix Inc. the Institute for Professional Development the College for Financial Planning Institutes Corporation Western International University Inc. and Apollo Learning Group Inc. Apollo Group Inc. has a market cap of $10.61 billion; its shares were traded at around $66.19 with a P/E ratio of 19 and P/S ratio of 3.3. Apollo Group Inc. had an annual average earning growth of 29.1% over the past 10 years. GuruFocus rated Apollo Group Inc. the business predictability rank of 4-star.
Apollo recently reported its second quarter 2009 results. The company announced that its net revenue was $876 million, which was 26.3% higher than its second quarter 2008 results. “We are pleased with the growth in revenue and enrollments in our second quarter and we believe we are continuing to benefit from investments we are making in key academic and operational areas,” said Chas Edelstein, Chief Executive Officer of Apollo Group. “ University of Phoenix again contributed significantly to our results, driven by 20% Degreed Enrollment growth, bringing the total during the quarter to nearly 400,000 students. This growth would not be possible without the incredible commitment of our faculty and staff who work tirelessly to provide a high level of academic quality in the classroom and outstanding support to our students.” The company also reported that it would announce its third quarter results on the 29 th of June, after the market closes.
Steve Mandel bought 1,888,980 shares in the quarter that ended on 03/31/2009, which is 2.25% of the $6.58 billion portfolio of Lone Pine Capital. Kenneth Fisher bought 2,650 shares in the quarter that ended on 03/31/2009, which is less than 0.01% of the $20.33 billion portfolio of Fisher Asset Management, LLC. Ken Heebner owns 3,920,500 shares as of 03/31/2009, an increase of 22.52% from the previous quarter. This position accounts for 5.68% of the $5.4 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. Lee Ainslie owns 1,808,920 shares as of 03/31/2009, an increase of 13.75% from the previous quarter. This position accounts for 2.6% of the $5.45 billion portfolio of Maverick Capital. Andreas Halvorsen owns 5,781,300 shares as of 03/31/2009, a decrease of 32.43% of from the previous quarter. This position accounts for 12.67% of the $3.58 billion portfolio of Viking Global Investors LP.
Buy: SVP, CFO & Treasurer Brian L Swartz bought 1,000 shares of APOL stock on 04/03/2009 at the average price of $67.6; the price of the stock has decreased by 2.09% since.
TIME WARNER CABLE INC (TWC): Down 25% Since Lee Ainslie Bought In the Quarter Ended on 2009-03-31
Lee Ainslie initiated holdings in Specialized Consumer Services company TIME WARNER CABLE INC during the quarter ended 03/31/2009. His purchase prices were between $25.52 and $49.99, with an estimated average price of $40.4. Since then the prices of TIME WARNER CABLE INC shares have declined by -25% from the estimated average. Lee Ainslie owned 541,964 shares of as of 03/31/2009.
Time Warner Cable Inc. is the second-largest cable operator in the U.S. and an industry leader in developing and launching innovative video data and voice services. They deliver their services to customers over technologically-advanced well-clustered cable systems that pass approximately 26 million homes. TIME WARNER CABLE INC has a market cap of $9.87 billion; its shares were traded at around $30.32 with a P/E ratio of 8 and P/S ratio of 0.6.
Time Warner Cable recently reported its first quarter 2009 results. The company announced that its revenue increased 5% year over year to $4.4 billion. Revenue was $4.2 billion a year ago in the same period. Time Warner Cable Chief Executive Officer Glenn Britt said: “Time Warner Cable performed well in the first quarter, growing revenues, adjusted OIBDA and free cash flow from last year. We added very healthy numbers of new subscribers to our video, high-speed data and phone services, and our commercial services business continued to grow rapidly. We’re excited to be an independent company. Cable is a very good business, and our operations are strong and growing despite a challenging economy. We continue to generate very healthy free cash flow which will enable us to reduce debt over the next year.”
Many gurus (6) have recently been initiating their positions in the company. George Soros sold out his holdings in the quarter that ended on 03/31/2009. John Paulson sold out his holdings in the quarter that ended on 03/31/2009.
Sell: EVP & President, TWC Ventures Carl Uj Rossetti sold 183 shares of TWC stock on 06/02/2009 at the average price of $31.13; the price of the stock has decreased by 2.6% since.
Valero Energy Corp. (VLO): Down 19% Since Charles Brandes Bought In the Quarter Ended on 2009-03-31
Charles Brandes added to his holdings in Exploration & Production company Valero Energy Corp. by 104.76% during the quarter ended 03/31/2009. His purchase prices were between $16.24 and $24.43, with an estimated average price of $21.1. Since then the prices of Valero Energy Corp. shares have declined by -19% from the estimated average. Charles Brandes owned 3,068,516 shares of as of 03/31/2009.
Valero Energy Corporation owns and operates refineries in the United States and Canada with a combined throughput capacity of approximately two million BPD making it one of the nation's top refiners of petroleum products. Valero is also one of the nation's leading retail operators with retail outlets in the United States and Canada under various brand names including Diamond Shamrock Ultramar Valero Beacon and Total. Valero Energy Corp. has a market cap of $8.88 billion; its shares were traded at around $17.19 with a P/E ratio of 3.3 and P/S ratio of 0.1. The dividend yield of Valero Energy Corp. stocks is 3.5%. Valero Energy Corp. had an annual average earning growth of 35.9% over the past 10 years. GuruFocus rated Valero Energy Corp. the business predictability rank of 4.5-star.
Valero recently reported its first quarter 2009 results. The company announced that its net income was 59 cents per share, compared to 48 cents per share in the first quarter of 2008. “We reported positive earnings despite weaker demand,” said Bill Klesse, Valero’s Chairman of the Board and Chief Executive Officer. “In fact, our first quarter 2009 earnings per share were 23% higher than the first quarter of 2008, and 64% higher if you exclude last year’s insurance recovery. In all our regions, gasoline margins were unseasonably strong and nearly double the level in the same quarter last year. Diesel and jet fuel margins were also good in the first quarter despite being down from last year’s high levels.
Richard Pzena bought 879,875 shares in the quarter that ended on 03/31/2009, which is 0.23% of the $6.95 billion portfolio of Pzena Investment Management LLC. Charles Brandes owns 3,068,516 shares as of 03/31/2009, an increase of 104.76% from the previous quarter. This position accounts for 0.34% of the $16.16 billion portfolio of Brandes Investment. John Griffin sold out his holdings in the quarter that ended on 03/31/2009.
Sell: Director Susan Kaufman Purcell sold 8,000 shares of VLO stock on 05/08/2009 at the average price of $22.98; the price of the stock has decreased by 25.2% since.
Alexandria Real Estate Equities Inc. (ARE, Financial): Down 24% Since David Dreman Bought In the Quarter Ended on 2009-03-31
David Dreman initiated holdings in Real Estate Holding & Development company Alexandria Real Estate Equities Inc. during the quarter ended 03/31/2009. His purchase prices were between $32.11 and $62.61, with an estimated average price of $47.2. Since then the prices of Alexandria Real Estate Equities Inc. shares have declined by -24% from the estimated average. David Dreman owned 371,160 shares of as of 03/31/2009.
Alexandria Real Estate Equities Inc. Landlord and Developer of Choice to the Life Science Industry is a publicly-traded real estate investment trust focused principally on the ownership operation management selective redevelopment development and acquisition of life science properties. Our properties are designed and improved for lease primarily to institutional pharmaceutical biotechnology medical device life science product service biodefense and translational medicine entities as well as governmental agencies. Alexandria Real Estate Equities Inc. has a market cap of $1.41 billion; its shares were traded at around $35.74 with a P/E ratio of 5.5 and P/S ratio of 3.1. The dividend yield of Alexandria Real Estate Equities Inc. stocks is 8.9%. Alexandria Real Estate Equities Inc. had an annual average earning growth of 8.9% over the past 5 years.
David Dreman bought 371,160 shares in the quarter that ended on 03/31/2009, which is 0.24% of the $5.74 billion portfolio of Dreman Value Management. Chris Davis owns 1,570,868 shares as of 03/31/2009, an increase of 18.96% from the previous quarter. This position accounts for 0.15% of the $38.73 billion portfolio of Davis Selected Advisers. Chris Davis owns 1,570,868 shares as of 03/31/2009, which accounts for 0.15% of the $38.73 billion portfolio of Davis Selected Advisers. Kenneth Fisher owns 34,625 shares as of 03/31/2009, which accounts for 0.01% of the $20.33 billion portfolio of Fisher Asset Management, LLC. Ken Heebner owns 1,087,400 shares as of 03/31/2009, which accounts for 0.73% of the $5.4 billion portfolio of CAPITAL GROWTH MANAGEMENT LP.
Sell: CEO Joel S Marcus sold 10,000 shares of ARE stock on 03/12/2009 at the average price of $38.69; the price of the stock has decreased by 7.62% since. The company was also recently traded in by its CFO.
Pepco Holdings Inc. (PHI): Down 13% Since John Hussman Bought In the Quarter Ended on 2009-03-31
John Hussman added to his holdings in Electricity company Pepco Holdings Inc. by 50% during the quarter ended 03/31/2009. His purchase prices were between $10.36 and $18.13, with an estimated average price of $15.1. Since then the prices of Pepco Holdings Inc. shares have declined by -13% from the estimated average. John Hussman owned 300,000 shares of as of 03/31/2009.
Pepco Holdings Inc. is an energy holding company. Pepco has been providing reliable electric service for more than one hundred years. Today they deliver electricity to homes and businesses in the District of Columbia and its Maryland suburbs. Pepco Holdings Inc. has a market cap of $2.91 billion; its shares were traded at around $13.21 with a P/E ratio of 8.2 and P/S ratio of 0.3. The dividend yield of Pepco Holdings Inc. stocks is 8.2%.
Pepco recently reported its first quarter 2009 results. The company announced consolidated earnings of 21 cents per share, compared to 49 cents per share in the first quarter of 2008.
David Dreman bought 15,070 shares in the quarter that ended on 03/31/2009, which is less than 0.01% of the $5.74 billion portfolio of Dreman Value Management. Robert Bruce owns 60,900 shares as of 03/31/2009, an increase of 458.72% from the previous quarter. This position accounts for 1.01% of the $72 million portfolio of Bruce & Co., Inc.. John Hussman owns 300,000 shares as of 03/31/2009, an increase of 50% from the previous quarter. This position accounts for 0.09% of the $4.07 billion portfolio of Hussman Economtrics Advisors, Inc..
Buy: President and CEO Joseph M Rigby bought 10,000 shares of POM stock on 03/09/2009 at the average price of $10.23; the price of the stock has increased by 29.13% since.
For the complete list of stocks that Guru Bargains, go to: Value Bargains of Gurus.
