According to GuruFocus updates, these stocks have declined the most since Gurus have bought.
Valero Energy Corp. (VLO, Financial): Down 13% 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. He 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. The company 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. The company also said that it would report its second quarter results on July 28th.
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. Wilbur Ross bought 45,000 shares in the quarter that ended on 12/31/2008, which is 0.46% of the $211 million portfolio of . 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. Kenneth Fisher owns 58,460 shares as of 06/30/2009, a decrease of 35.76% of from the previous quarter. David Dreman owns 519,775 shares as of 06/30/2009, a decrease of 80.11% of from the previous quarter. 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 20.32% since.
Kimco Realty Corp. (KIM, Financial): Down 16% Since Chris Davis Bought In the Quarter Ended on 2009-03-31
Chris Davis initiated holdings in Real Estate Holding & Development company Kimco Realty Corp. during the quarter ended 03/31/2009. He owned 1,174,750 shares of as of 03/31/2009. Kimco Realty Corp. together with its subsidiaries is a self-administered real estate investment trust and is one of the nation's largest owners and operators of neighborhood and community shopping centers. The company has a market cap of $3.45 billion; its shares were traded at around $9.16 with a P/E ratio of 5.1 and P/S ratio of 4.6. The dividend yield of Kimco Realty Corp. stocks is 2.6%. Kimco Realty Corp. had an annual average earning growth of 1.6% over the past 10 years.
Other (expense)/income, net changed approximately $8.1 million to $4.2 million of expense for the three months ended March 31, 2009, as compared to $3.9 million of income for the three months ended March 31, 2008. This change is primarily due to (i) an increase in losses on foreign currency of approximately $4.0 million, (ii) the recognition of a $2.2 million unrealized decrease in the fair value of an embedded derivative instrument relating to the convertible option of the Valad notes and (iii) an increase in foreign witholding tax expense of approximately $1.5 million. To read the complete report, click here: http://www.gurufocus.com/news.php?id=54478
Third Avenue Management bought 1,635,100 shares in the quarter that ended on 03/31/2009, which is 0.33% of the $3.78 billion portfolio of Third Avenue Management. Chris Davis bought 1,174,750 shares in the quarter that ended on 03/31/2009, which is 0.02% of the $38.73 billion portfolio of Davis Buy: Chairman & CEO Milton Cooper bought 5,000 shares of KIM stock on 02/23/2009 at the average price of $9.93; the price of the stock has decreased by 7.75% since.
TIME WARNER CABLE INC (TWC, Financial): Down 17% Since Kenneth Fisher Bought In the Quarter Ended on 2009-03-31
Kenneth Fisher initiated holdings in Real Estate Holding & Development company TIME WARNER CABLE INC during the quarter ended 03/31/2009. He owned 1,532,907 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 $11.77 billion; its shares were traded at around $33.42 with a P/E ratio of 8.9 and P/S ratio of 0.6.
Time Warner Cable recently reported results for the first quarter of 2008. The company announced that its revenues increased 5% ($204 million). 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.”
Dodge & Cox bought 18,546,987 shares in the quarter that ended on 03/31/2009, which is 0.85% of the $54.08 billion portfolio of Dodge & Cox. Brian Rogers bought 1,275,967 shares in the quarter that ended on 03/31/2009, which is 0.28% of the $13.63 billion portfolio of T Rowe Price Equity Income Fund. Lee Ainslie bought 541,964 shares in the quarter that ended on 03/31/2009, which is 0.25% of the $5.45 billion portfolio of Maverick Capital. Kenneth Fisher bought 1,532,907 shares in the quarter that ended on 03/31/2009, which is 0.19% of the $24.67 billion portfolio of Fisher Asset Management, LLC. Richard Pzena bought 84,790 shares in the quarter that ended on 03/31/2009, which is 0.03% of the $6.95 billion portfolio of Pzena Investment Management LLC. Jean-Marie Eveillard bought 16,316 shares in the quarter that ended on 03/31/2009, which is 0.01% of the $7.39 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. Kenneth Fisher owns 1,495,113 shares as of 06/30/2009, which accounts for 0.19% of the $24.67 billion portfolio of Fisher Asset Management, LLC.
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 increased by 7.36% since.
Delta Air Lines Inc. (DAL, Financial): Down 14% Since Michael Price Bought In the Quarter Ended on 2009-03-31
Michael Price initiated holdings in Airlines company Delta Air Lines Inc. during the quarter ended 03/31/2009. He owned 17,180 shares of as of 03/31/2009. Delta is America's fastest growing international carrier. Delta Air Lines offers customers service to more destinations than any global airline with Delta and Delta Connection carrier service. Delta has added more international capacity than all other U.S. airlines combined and is the leader across the Atlantic. Delta Air Lines Inc. has a market cap of $4.78 billion; its shares were traded at around $6.2 with and P/S ratio of 0.2.
Michael Price bought 17,180 shares in the quarter that ended on 03/31/2009, which is 0.05% of the $178 million portfolio of MFP Investors LLC. PRIMECAP Management owns 42,800 shares as of 03/31/2009, which accounts for less than 0.01% of the $41.21 billion portfolio of PRIMECAP Management.
George Soros sold out his holdings in the quarter that ended on 03/31/2009.
Sell: President and CEO NWA Edward H Bastian sold 25,000 shares of DAL stock on 05/15/2009 at the average price of $6.5; the price of the stock has decreased by 4.62% since.
Apollo Group Inc. (APOL, Financial): Down 15% Since Lee Ainslie Bought In the Quarter Ended on 2009-03-31
Lee Ainslie added to his holdings in Specialized Consumer Services company Apollo Group Inc. by 13.75% during the quarter ended 03/31/2009. He owned 1,808,920 shares of as of 03/31/2009. Apollo Group Inc. has been providing higher education to working adults for over 25 years. The company 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 Group recently reported its third quarter 2009 results. The company announced that its net revenue for the quarter was over $1 billion, up 26% compared to results as of the third quarter of 2008. Net income was $1.26 per share, compared to 85 cents per share in the third quarter of 2008. “We are pleased to report a record third quarter, driven largely by continuing increases in enrollments and improved student retention at University of Phoenix,” said Co-Chief Executive Officer of Apollo Group, Chas Edelstein. “When our students succeed academically, we succeed financially and, for the first time in a quarter, Apollo surpassed the $1 billion revenue mark.”
Steve Mandel bought 1,888,980 shares in the quarter that ended on 03/31/2009. Kenneth Fisher bought 2,650 shares in the quarter that ended on 03/31/2009. Ken Heebner owns 3,920,500 shares as of 03/31/2009, an increase of 22.52% from the previous quarter. Lee Ainslie owns 1,808,920 shares as of 03/31/2009, an increase of 13.75% from the previous quarter. 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. Kenneth Fisher sold out his holdings in the quarter that ended on 06/30/2009.
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 0.93% since.
Valero Energy Corp. (VLO, Financial): Down 13% 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. He 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. The company 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. The company also said that it would report its second quarter results on July 28th.
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. Wilbur Ross bought 45,000 shares in the quarter that ended on 12/31/2008, which is 0.46% of the $211 million portfolio of . 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. Kenneth Fisher owns 58,460 shares as of 06/30/2009, a decrease of 35.76% of from the previous quarter. David Dreman owns 519,775 shares as of 06/30/2009, a decrease of 80.11% of from the previous quarter. 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 20.32% since.
Kimco Realty Corp. (KIM, Financial): Down 16% Since Chris Davis Bought In the Quarter Ended on 2009-03-31
Chris Davis initiated holdings in Real Estate Holding & Development company Kimco Realty Corp. during the quarter ended 03/31/2009. He owned 1,174,750 shares of as of 03/31/2009. Kimco Realty Corp. together with its subsidiaries is a self-administered real estate investment trust and is one of the nation's largest owners and operators of neighborhood and community shopping centers. The company has a market cap of $3.45 billion; its shares were traded at around $9.16 with a P/E ratio of 5.1 and P/S ratio of 4.6. The dividend yield of Kimco Realty Corp. stocks is 2.6%. Kimco Realty Corp. had an annual average earning growth of 1.6% over the past 10 years.
Other (expense)/income, net changed approximately $8.1 million to $4.2 million of expense for the three months ended March 31, 2009, as compared to $3.9 million of income for the three months ended March 31, 2008. This change is primarily due to (i) an increase in losses on foreign currency of approximately $4.0 million, (ii) the recognition of a $2.2 million unrealized decrease in the fair value of an embedded derivative instrument relating to the convertible option of the Valad notes and (iii) an increase in foreign witholding tax expense of approximately $1.5 million. To read the complete report, click here: http://www.gurufocus.com/news.php?id=54478
Third Avenue Management bought 1,635,100 shares in the quarter that ended on 03/31/2009, which is 0.33% of the $3.78 billion portfolio of Third Avenue Management. Chris Davis bought 1,174,750 shares in the quarter that ended on 03/31/2009, which is 0.02% of the $38.73 billion portfolio of Davis Buy: Chairman & CEO Milton Cooper bought 5,000 shares of KIM stock on 02/23/2009 at the average price of $9.93; the price of the stock has decreased by 7.75% since.
TIME WARNER CABLE INC (TWC, Financial): Down 17% Since Kenneth Fisher Bought In the Quarter Ended on 2009-03-31
Kenneth Fisher initiated holdings in Real Estate Holding & Development company TIME WARNER CABLE INC during the quarter ended 03/31/2009. He owned 1,532,907 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 $11.77 billion; its shares were traded at around $33.42 with a P/E ratio of 8.9 and P/S ratio of 0.6.
Time Warner Cable recently reported results for the first quarter of 2008. The company announced that its revenues increased 5% ($204 million). 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.”
Dodge & Cox bought 18,546,987 shares in the quarter that ended on 03/31/2009, which is 0.85% of the $54.08 billion portfolio of Dodge & Cox. Brian Rogers bought 1,275,967 shares in the quarter that ended on 03/31/2009, which is 0.28% of the $13.63 billion portfolio of T Rowe Price Equity Income Fund. Lee Ainslie bought 541,964 shares in the quarter that ended on 03/31/2009, which is 0.25% of the $5.45 billion portfolio of Maverick Capital. Kenneth Fisher bought 1,532,907 shares in the quarter that ended on 03/31/2009, which is 0.19% of the $24.67 billion portfolio of Fisher Asset Management, LLC. Richard Pzena bought 84,790 shares in the quarter that ended on 03/31/2009, which is 0.03% of the $6.95 billion portfolio of Pzena Investment Management LLC. Jean-Marie Eveillard bought 16,316 shares in the quarter that ended on 03/31/2009, which is 0.01% of the $7.39 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. Kenneth Fisher owns 1,495,113 shares as of 06/30/2009, which accounts for 0.19% of the $24.67 billion portfolio of Fisher Asset Management, LLC.
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 increased by 7.36% since.
Delta Air Lines Inc. (DAL, Financial): Down 14% Since Michael Price Bought In the Quarter Ended on 2009-03-31
Michael Price initiated holdings in Airlines company Delta Air Lines Inc. during the quarter ended 03/31/2009. He owned 17,180 shares of as of 03/31/2009. Delta is America's fastest growing international carrier. Delta Air Lines offers customers service to more destinations than any global airline with Delta and Delta Connection carrier service. Delta has added more international capacity than all other U.S. airlines combined and is the leader across the Atlantic. Delta Air Lines Inc. has a market cap of $4.78 billion; its shares were traded at around $6.2 with and P/S ratio of 0.2.
Michael Price bought 17,180 shares in the quarter that ended on 03/31/2009, which is 0.05% of the $178 million portfolio of MFP Investors LLC. PRIMECAP Management owns 42,800 shares as of 03/31/2009, which accounts for less than 0.01% of the $41.21 billion portfolio of PRIMECAP Management.
George Soros sold out his holdings in the quarter that ended on 03/31/2009.
Sell: President and CEO NWA Edward H Bastian sold 25,000 shares of DAL stock on 05/15/2009 at the average price of $6.5; the price of the stock has decreased by 4.62% since.
Apollo Group Inc. (APOL, Financial): Down 15% Since Lee Ainslie Bought In the Quarter Ended on 2009-03-31
Lee Ainslie added to his holdings in Specialized Consumer Services company Apollo Group Inc. by 13.75% during the quarter ended 03/31/2009. He owned 1,808,920 shares of as of 03/31/2009. Apollo Group Inc. has been providing higher education to working adults for over 25 years. The company 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 Group recently reported its third quarter 2009 results. The company announced that its net revenue for the quarter was over $1 billion, up 26% compared to results as of the third quarter of 2008. Net income was $1.26 per share, compared to 85 cents per share in the third quarter of 2008. “We are pleased to report a record third quarter, driven largely by continuing increases in enrollments and improved student retention at University of Phoenix,” said Co-Chief Executive Officer of Apollo Group, Chas Edelstein. “When our students succeed academically, we succeed financially and, for the first time in a quarter, Apollo surpassed the $1 billion revenue mark.”
Steve Mandel bought 1,888,980 shares in the quarter that ended on 03/31/2009. Kenneth Fisher bought 2,650 shares in the quarter that ended on 03/31/2009. Ken Heebner owns 3,920,500 shares as of 03/31/2009, an increase of 22.52% from the previous quarter. Lee Ainslie owns 1,808,920 shares as of 03/31/2009, an increase of 13.75% from the previous quarter. 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. Kenneth Fisher sold out his holdings in the quarter that ended on 06/30/2009.
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 0.93% since.
