Last week's top five guru bargain stocks were AirTran Holdings Inc, The Brink's Company, Associated BancCorp, Penn National Gaming Inc, Sprint Nextel Corp. Series 1, Sprint Nextel Corp. Series 1. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.
AirTran Holdings Inc. (AAI, Financial): Down 14% Since Ken Heebner Bought In the Quarter Ended on 2009-06-30
Ken Heebner initiated holdings in Airlines company AirTran Holdings Inc. during the quarter ended 06/30/2009. He owned 1,000,000 shares of as of 06/30/2009. AirTran Holdings Inc. through its wholly owned subsidiary AirTran Airlines Inc. (formerly known as ValuJet Airlines Inc.) operates an affordable no frills limited frequency scheduled airline serving short haul markets primarily in the eastern United States. The company has a market cap of $627.1 million; its shares were traded at around $5.22 with and P/S ratio of 0.2. Airtran Holdings Inc. had an annual average earning growth of 15.5% over the past 5 years.
AirTran recently reported its second quarter results. The company announced that it had a net income of $78.4 billion, or 56 cents per diluted share in the second quarter. These are very strong results, up $93.3 million in the same quarter of 2008.
Ken Heebner bought 1,000,000 shares in the quarter that ended on 06/30/2009, which is 0.1% of the $6.11 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. Arnold Schneider owns 1,285,650 shares as of 06/30/2009, which accounts for 0.55% of the $1.44 billion portfolio of Schneider Capital Management.
Sell: PRESIDENT/CEO Robert L Fornaro sold 5,000 shares of AAI stock on 05/18/2009 at the average price of $6.6; the price of the stock has decreased by 20.91% since. Other insiders have also decreased their positions in the company.
The Brink's Company (BCO, Financial): Down 11% Since David Dreman Bought In the Quarter Ended on 2009-06-30
David Dreman added to his holdings in Business Support Services company The Brink's Company by 14.01% during the quarter ended 06/30/2009. He owned 836,058 shares of as of 06/30/2009. The Brink's Company is a global leader in business and security services. The company has a market cap of $1.17 billion; its shares were traded at around $25.69 with a P/E ratio of 10 and P/S ratio of 0.4. The dividend yield of The Brink's Company stocks is 1.6%. The Brink's Company had an annual average earning growth of 5% over the past 10 years.
The Brink's Company recently reported its second quarter results. The company announced that its earnings from continuing operations of $16 million, or 34 cents per share,compared to $31 million, or 66 cents per share in the second quarter. It also announced that its planned to contribute $150 million in cash and stock to its U.S. Pension fund.
David Dreman owns 836,058 shares as of 06/30/2009, an increase of 14.01% from the previous quarter. This position accounts for 0.78% of the $3.12 billion portfolio of Dreman Value Management. John Keeley owns 647,776 shares as of 06/30/2009, which accounts for 0.32% of the $5.82 billion portfolio of Keeley Fund Management.
Sell: Vice President and CFO Michael J Cazer sold 3,664 shares of BCO stock on 05/20/2009 at the average price of $28.52; the price of the stock has decreased by 9.92% since. Other insiders have also decreased their positions in the company.
Associated BancCorp (ASBC, Financial): Down 22% Since David Dreman Bought In the Quarter Ended on 2009-06-30
David Dreman added to his holdings in Banks company Associated BancCorp by 36.47% during the quarter ended 06/30/2009. He owned 1,394,664 shares of as of 06/30/2009. Associated Banc-Corp is a diversified multibank holding company. The company has banking offices serving communities in Wi. Il. and Min. The company has a market cap of $1.5 billion; its shares were traded at around $11.75 with a P/E ratio of 20.6 and P/S ratio of 1. The dividend yield of Associated Banccorp stocks is 1.7%. Associated Banccorp had an annual average earning growth of 5.6% over the past 10 years.
ASBC recently reported its second quarter results. The company announced that it had a net loss of $24.7 million, compared to net income of $35.4 million in the first quarter of 2009. The company said that its would report its third quarter results on October 22, 2009.
Sell: Chairman & CEO Paul S Beideman sold 25,000 shares of ASBC stock on 04/27/2009 at the average price of $14.62; the price of the stock has decreased by 19.63% since.
Penn National Gaming Inc. (PENN, Financial): Down 14% Since George Soros Bought In the Quarter Ended on 2009-06-30
George Soros initiated holdings in Gambling company Penn National Gaming Inc. during the quarter ended 06/30/2009. He owned 9,530 shares of as of 06/30/2009. Penn National Gaming Inc. are a diversified gaming and pari-mutuel wagering company. Their business strategy is focused on exploiting the higher margins and more stable cash flows associated with gaming operations compared to pari-mutuel operations. Penn National Gaming Inc. has a market cap of $2.05 billion; its shares were traded at around $26.1 with a P/E ratio of 21.7 and P/S ratio of 0.9. Penn National Gaming Inc. had an annual average earning growth of 27.7% over the past 5 years.
Penn National gaming recently reported its second quarter revenue of $581 million. The company announced that its diluted EPS was 27 cents, including net chargesd of 5 cents per share. The company also established its 2009 third quarter guidance.
George Soros bought 9,530 shares in the quarter that ended on 06/30/2009, which is 0.01% of the $2.61 billion portfolio of Soros Fund Management LLC. Ron Baron owns 6,464,747 shares as of 06/30/2009, which accounts for 1.57% of the $11.99 billion portfolio of Baron Funds. Chuck Akre owns 4,014,315 shares as of 06/30/2009, which accounts for 12.41% of the $941 million portfolio of Akre Capital Management, LLC.
Sell: Chairman & CEO Peter M Carlino sold 70,000 shares of PENN stock on 05/27/2009 at the average price of $30.3; the price of the stock has decreased by 13.86% since.
Sprint Nextel Corp.(S, Financial): Down 27% Since Kenneth Fisher Bought In the Quarter Ended on 2009-06-30
Kenneth Fisher added to his holdings in Fixed Line Telecommunications company Sprint Nextel Corp. Series 1 by 23.12% during the quarter ended 06/30/2009. He owned 15,999 shares of as of 06/30/2009. Sprint Nextel offers a comprehensive range of wireless and wireline communications services to consumer business and government customers. Sprint Nextel is widely recognized for developing engineering and deploying innovative technologies including two robust wireless networks offering industry leading mobile data services; instant national and international push-to-talk capabilities; and an award-winning and global Tier 1 Internet backbone. Sprint Nextel Corp. Series 1 has a market cap of $10.3 billion; its shares were traded at around $3.58 with and P/S ratio of 0.3.
Sprint reported second quarter 2009 results. The company announced that it had net revenues of $8.1 billion, and a net loss of 13 cents per diluted share. “In the second quarter, we made further progress on our efforts to enhance financial stability, improve the customer experience and reinvigorate the brand,” said Dan Hesse, Sprint Nextel CEO. “The widespread visibility surrounding our record-breaking June launch of the Palm ® Pre™ handset gave us an unprecedented opportunity to showcase these improvements to customers as ‘a new Sprint.’ They saw a 3G network described by PC World magazine as the most reliable among competitors, key satisfaction and performance metrics in customer care improving for 18 straight months, advertising that won the top international award in Cannes, and a stable balance sheet with 2009 long-term debt maturities paid and enough cash on hand to cover maturities through 2011.”
Kenneth Fisher owns 15,999 shares as of 06/30/2009, an increase of 23.12% from the previous quarter. This position accounts for less than 0.01% of the $24.67 billion portfolio of Fisher Asset Management, LLC. PRIMECAP Management owns 32,280,319 shares as of 06/30/2009, which accounts for 0.32% of the $48.26 billion portfolio of PRIMECAP Management. Jean-Marie Eveillard owns 2,300 shares as of 06/30/2009, which accounts for less than 0.01% of the $8.91 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. Dodge & Cox owns 228,841,313 shares as of 06/30/2009, which accounts for 1.65% of the $66.88 billion portfolio of Dodge & Cox. Brian Rogers owns 10,763,400 shares as of 06/30/2009, which accounts for 0.38% of the $13.63 billion portfolio of T Rowe Price Equity Income Fund. Private Capital owns 12,058,881 shares as of 06/30/2009, a decrease of 21.99% of from the previous quarter. This position accounts for 4.02% of the $1.44 billion portfolio of Private Capital Management.
Buy: CFO Robert H Brust bought 2,605 shares of S stock on 08/17/2009 at the average price of $3.79; the price of the stock has decreased by 5.54% since.
