Last week’s top five guru bargain stocks were Barclays PLC, MetroPCS Communications Inc, Iron Mountain Inc, General Cable Corp, Palm Inc. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.
Barclays PLC (BCS, Financial): Down 21% Since Daniel Loeb Bought In the Quarter Ended on 2009-09-30
Daniel Loeb initiated holdings in Banks company Barclays PLC during the quarter ended 09/30/2009. He owned 250,000 shares of as of 09/30/2009. Barclays PLC operates in commercial and investment banking, insurance, financial and other related services. Barclays subsidiary, Barclays Bank PLC maintains 2500 branches in the United Kingdom and 1000 branches in over 75 other countries. Barclays Plc has a market cap of $28.64 billion; its shares were traded at around $17.6 with and P/S ratio of 0.4. The dividend yield of Barclays Plc stocks is 0.4%. Barclays Plc had an annual average earning growth of 26% over the past 10 years.
Daniel Loeb bought 250,000 shares in the quarter that ended on 09/30/2009, which is 0.47% of the $1.25 billion portfolio of Third Point, LLC. Charles Brandes owns 3,743,566 shares as of 09/30/2009, which accounts for 0.42% of the $21.32 billion portfolio of Brandes Investment.
MetroPCS Communications Inc. (PCS, Financial): Down 26% Since Michael Price Bought In the Quarter Ended on 2009-09-30
Michael Price added to his holdings in Mobile Telecommunications company MetroPCS Communications Inc. by 828.57% during the quarter ended 09/30/2009. He owned 325,000 shares of as of 09/30/2009. MetroPCS Communications provides wireless communications services. Metropcs Communications Inc. has a market cap of $2.69 billion; its shares were traded at around $7.63 with a P/E ratio of 14.9 and P/S ratio of 1.
MetroPCS recently reported its third quarter results. The company announced that its consolidated total revenue was approximately $896 million, an increase of 30% over third quarter of 2008. “This quarter we focused on managing costs; we delivered solid financial results and positioned the company for future growth. On a consolidated basis, we reported the highest consolidated quarterly Adjusted EBITDA in company history. In a seasonally slow quarter, we reported net additions that were below our expectations, due primarily to elevated churn and a deceleration in gross additions. We believe this was the result of continued U.S. macro-economic weakness, an increasingly competitive environment, and upward adjustments we made to the price of certain handsets,” said Roger D. Linquist, Chairman, President and Chief Executive Officer of MetroPCS.
Richard Perry bought 1,250,000 shares in the quarter that ended on 09/30/2009, which is 1.02% of the $1.15 billion portfolio of Perry Capital. George Soros bought 294,060 shares in the quarter that ended on 09/30/2009, which is 0.06% of the $4.41 billion portfolio of Soros Fund Management LLC. Michael Price owns 325,000 shares as of 09/30/2009, an increase of 828.57% from the previous quarter. This position accounts for 0.9% of the $338 million portfolio of MFP Investors LLC.
Iron Mountain Inc. (IRM, Financial): Down 21% Since Paul Tudor Jones Bought In the Quarter Ended on 2009-09-30
Paul Tudor Jones initiated holdings in Business Support Services company Iron Mountain Inc. during the quarter ended 09/30/2009. He owned 21,500 shares of as of 09/30/2009. Iron Mountain Incorporated is one of the world's largest records and information management services company. The company has a market cap of $4.63 billion; its shares were traded at around $22.76 with a P/E ratio of 25.5 and P/S ratio of 1.5. Iron Mountain Inc. had an annual average earning growth of 16.7% over the past 10 years. GuruFocus rated Iron Mountain Inc. the business predictability rank of 5-star.
Iron Mountain recently reported its third quarter results. The Company announced reported operating income and operating income before depreciation and amortization (OIBDA) growth of 5% and 6%, respectively, compared to the third quarter of 2008 (see Appendix B). OIBDA growth was 10% on a constant currency basis. These results were driven by continued focus on sustainable operating improvements and supported by storage revenue internal growth of 7%, which more than offset forecasted weakness in service internal revenue growth. Incorporating its solid operating performance, the Company raised its full year OIBDA and cash flow outlook and refined its revenue outlook to reflect year-to-date results. Backed by increased cash flows from operations, controlled capital expenditures, and recent financing activities, Iron Mountain ended the quarter with greater liquidity comprised of cash and availability under its revolving credit facility of more than $1 billion.
Chris Davis owns 41,351,314 shares as of 09/30/2009, which accounts for 1.8% of the $61.3 billion portfolio of Davis Selected Advisers. Warren Buffett owns 3,372,200 shares as of 09/30/2009, which accounts for 0.16% of the $56.55 billion portfolio of Berkshire Hathaway. Ron Baron owns 2,211,159 shares as of 09/30/2009, which accounts for 0.43% of the $13.75 billion portfolio of Baron Funds. Chuck Akre owns 34,860 shares as of 09/30/2009, a decrease of 84.01% of from the previous quarter. This position accounts for 0.33% of the $280 million portfolio of Akre Capital Management, LLC.
Sell:: President, Americas Harold E Ebbighausen sold 36,930 shares of IRM stock on 12/14/2009 at the average price of 24, the price of the stock has decreased by 5.17% since. Many other insiders have also decreased their positions in the company.
General Cable Corp. (BGC, Financial): Down 21% Since Jeremy Grantham Bought In the Quarter Ended on 2009-09-30
Jeremy Grantham initiated holdings in Telecommunications Equipment company General Cable Corp. during the quarter ended 09/30/2009. He owned 12,700 shares of as of 09/30/2009. General Cable Corp. is a leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the communications, energy and electrical markets. The company has a market cap of $1.53 billion; its shares were traded at around $29.42 with a P/E ratio of 10.4 and P/S ratio of 0.3. General Cable Corp. had an annual average earning growth of 3.1% over the past 10 years.
David Dreman owns 691,439 shares as of 09/30/2009, which accounts for 0.7% of the $3.85 billion portfolio of Dreman Value Management. John Keeley owns 845,000 shares as of 09/30/2009, which accounts for 0.5% of the $6.65 billion portfolio of Keeley Fund Management. David Einhorn owns 123,743 shares as of 09/30/2009, which accounts for 0.19% of the $2.6 billion portfolio of Greenlight Capital Inc. NWQ Managers owns 537,596 shares as of 09/30/2009, which accounts for 0.12% of the $17.23 billion portfolio of NWQ Investment Management Co.
Palm Inc. (PALM, Financial): Down 31% Since Richard Perry Bought In the Quarter Ended on 2009-09-30
Richard Perry added to his holdings in Computer Hardware company Palm Inc. by 225% during the quarter ended 09/30/2009. He owned 5,200,000 shares of as of 09/30/2009. Palm, Inc., a leader in mobile computing, strives to put the power of computing in people's hands so they can access and share their most important information. The company has a market cap of $1.63 billion; its shares were traded at around $10.03 with and P/S ratio of 2.2.
Palm Inc. recently announced its third quarter results. The company reported that total revenues in the second quarter of fiscal year 2010, ended Nov. 27, 2009, were $78.1 million. Gross profit was $5.5 million, and gross margin was 7%.
Andreas Halvorsen owns 101,798 shares as of 09/30/2009, which accounts for 0.02% of the $7.83 billion portfolio of Viking Global Investors LP. Lee Ainslie owns 6,416,948 shares as of 09/30/2009, a decrease of 22.31% of from the previous quarter. This position accounts for 1.35% of the $8.32 billion portfolio of Maverick Capital. Jean-Marie Eveillard sold out his holdings in the quarter that ended on 09/30/2009.
Buy:: Director, 10% Owner Fred D Anderson bought 2,153,846 shares of PALM stock on 09/22/2009 at the average price of 16.25, the price of the stock has decreased by 38.28% since. The company’s Senior VP has also reduced her position in the company.
For the complete list of stocks that Guru Bargains, go to: Value Bargains of Gurus.
Barclays PLC (BCS, Financial): Down 21% Since Daniel Loeb Bought In the Quarter Ended on 2009-09-30
Daniel Loeb initiated holdings in Banks company Barclays PLC during the quarter ended 09/30/2009. He owned 250,000 shares of as of 09/30/2009. Barclays PLC operates in commercial and investment banking, insurance, financial and other related services. Barclays subsidiary, Barclays Bank PLC maintains 2500 branches in the United Kingdom and 1000 branches in over 75 other countries. Barclays Plc has a market cap of $28.64 billion; its shares were traded at around $17.6 with and P/S ratio of 0.4. The dividend yield of Barclays Plc stocks is 0.4%. Barclays Plc had an annual average earning growth of 26% over the past 10 years.
Daniel Loeb bought 250,000 shares in the quarter that ended on 09/30/2009, which is 0.47% of the $1.25 billion portfolio of Third Point, LLC. Charles Brandes owns 3,743,566 shares as of 09/30/2009, which accounts for 0.42% of the $21.32 billion portfolio of Brandes Investment.
MetroPCS Communications Inc. (PCS, Financial): Down 26% Since Michael Price Bought In the Quarter Ended on 2009-09-30
Michael Price added to his holdings in Mobile Telecommunications company MetroPCS Communications Inc. by 828.57% during the quarter ended 09/30/2009. He owned 325,000 shares of as of 09/30/2009. MetroPCS Communications provides wireless communications services. Metropcs Communications Inc. has a market cap of $2.69 billion; its shares were traded at around $7.63 with a P/E ratio of 14.9 and P/S ratio of 1.
MetroPCS recently reported its third quarter results. The company announced that its consolidated total revenue was approximately $896 million, an increase of 30% over third quarter of 2008. “This quarter we focused on managing costs; we delivered solid financial results and positioned the company for future growth. On a consolidated basis, we reported the highest consolidated quarterly Adjusted EBITDA in company history. In a seasonally slow quarter, we reported net additions that were below our expectations, due primarily to elevated churn and a deceleration in gross additions. We believe this was the result of continued U.S. macro-economic weakness, an increasingly competitive environment, and upward adjustments we made to the price of certain handsets,” said Roger D. Linquist, Chairman, President and Chief Executive Officer of MetroPCS.
Richard Perry bought 1,250,000 shares in the quarter that ended on 09/30/2009, which is 1.02% of the $1.15 billion portfolio of Perry Capital. George Soros bought 294,060 shares in the quarter that ended on 09/30/2009, which is 0.06% of the $4.41 billion portfolio of Soros Fund Management LLC. Michael Price owns 325,000 shares as of 09/30/2009, an increase of 828.57% from the previous quarter. This position accounts for 0.9% of the $338 million portfolio of MFP Investors LLC.
Iron Mountain Inc. (IRM, Financial): Down 21% Since Paul Tudor Jones Bought In the Quarter Ended on 2009-09-30
Paul Tudor Jones initiated holdings in Business Support Services company Iron Mountain Inc. during the quarter ended 09/30/2009. He owned 21,500 shares of as of 09/30/2009. Iron Mountain Incorporated is one of the world's largest records and information management services company. The company has a market cap of $4.63 billion; its shares were traded at around $22.76 with a P/E ratio of 25.5 and P/S ratio of 1.5. Iron Mountain Inc. had an annual average earning growth of 16.7% over the past 10 years. GuruFocus rated Iron Mountain Inc. the business predictability rank of 5-star.
Iron Mountain recently reported its third quarter results. The Company announced reported operating income and operating income before depreciation and amortization (OIBDA) growth of 5% and 6%, respectively, compared to the third quarter of 2008 (see Appendix B). OIBDA growth was 10% on a constant currency basis. These results were driven by continued focus on sustainable operating improvements and supported by storage revenue internal growth of 7%, which more than offset forecasted weakness in service internal revenue growth. Incorporating its solid operating performance, the Company raised its full year OIBDA and cash flow outlook and refined its revenue outlook to reflect year-to-date results. Backed by increased cash flows from operations, controlled capital expenditures, and recent financing activities, Iron Mountain ended the quarter with greater liquidity comprised of cash and availability under its revolving credit facility of more than $1 billion.
Chris Davis owns 41,351,314 shares as of 09/30/2009, which accounts for 1.8% of the $61.3 billion portfolio of Davis Selected Advisers. Warren Buffett owns 3,372,200 shares as of 09/30/2009, which accounts for 0.16% of the $56.55 billion portfolio of Berkshire Hathaway. Ron Baron owns 2,211,159 shares as of 09/30/2009, which accounts for 0.43% of the $13.75 billion portfolio of Baron Funds. Chuck Akre owns 34,860 shares as of 09/30/2009, a decrease of 84.01% of from the previous quarter. This position accounts for 0.33% of the $280 million portfolio of Akre Capital Management, LLC.
Sell:: President, Americas Harold E Ebbighausen sold 36,930 shares of IRM stock on 12/14/2009 at the average price of 24, the price of the stock has decreased by 5.17% since. Many other insiders have also decreased their positions in the company.
General Cable Corp. (BGC, Financial): Down 21% Since Jeremy Grantham Bought In the Quarter Ended on 2009-09-30
Jeremy Grantham initiated holdings in Telecommunications Equipment company General Cable Corp. during the quarter ended 09/30/2009. He owned 12,700 shares of as of 09/30/2009. General Cable Corp. is a leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the communications, energy and electrical markets. The company has a market cap of $1.53 billion; its shares were traded at around $29.42 with a P/E ratio of 10.4 and P/S ratio of 0.3. General Cable Corp. had an annual average earning growth of 3.1% over the past 10 years.
David Dreman owns 691,439 shares as of 09/30/2009, which accounts for 0.7% of the $3.85 billion portfolio of Dreman Value Management. John Keeley owns 845,000 shares as of 09/30/2009, which accounts for 0.5% of the $6.65 billion portfolio of Keeley Fund Management. David Einhorn owns 123,743 shares as of 09/30/2009, which accounts for 0.19% of the $2.6 billion portfolio of Greenlight Capital Inc. NWQ Managers owns 537,596 shares as of 09/30/2009, which accounts for 0.12% of the $17.23 billion portfolio of NWQ Investment Management Co.
Palm Inc. (PALM, Financial): Down 31% Since Richard Perry Bought In the Quarter Ended on 2009-09-30
Richard Perry added to his holdings in Computer Hardware company Palm Inc. by 225% during the quarter ended 09/30/2009. He owned 5,200,000 shares of as of 09/30/2009. Palm, Inc., a leader in mobile computing, strives to put the power of computing in people's hands so they can access and share their most important information. The company has a market cap of $1.63 billion; its shares were traded at around $10.03 with and P/S ratio of 2.2.
Palm Inc. recently announced its third quarter results. The company reported that total revenues in the second quarter of fiscal year 2010, ended Nov. 27, 2009, were $78.1 million. Gross profit was $5.5 million, and gross margin was 7%.
Andreas Halvorsen owns 101,798 shares as of 09/30/2009, which accounts for 0.02% of the $7.83 billion portfolio of Viking Global Investors LP. Lee Ainslie owns 6,416,948 shares as of 09/30/2009, a decrease of 22.31% of from the previous quarter. This position accounts for 1.35% of the $8.32 billion portfolio of Maverick Capital. Jean-Marie Eveillard sold out his holdings in the quarter that ended on 09/30/2009.
Buy:: Director, 10% Owner Fred D Anderson bought 2,153,846 shares of PALM stock on 09/22/2009 at the average price of 16.25, the price of the stock has decreased by 38.28% since. The company’s Senior VP has also reduced her position in the company.
For the complete list of stocks that Guru Bargains, go to: Value Bargains of Gurus.
