Weekly Guru Bargains Highlights: CIG, ARO, DLTR, HAE

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Jan 13, 2013
According to GuruFocus updates, these stocks have declined the most since Gurus have bought.


Energy Company of Minas Gerais (CIG, Financial): Down 38% Since Steven Cohen Bought in the Quarter Ended on 9-30-2012


Steven Cohen added to his holdings in Electricity company Energy Company of Minas Gerais by 33.62% during the quarter ended Sept. 30. His purchase prices were between $12.12 and $19.86, with an estimated average price of $17.62. Since then the prices of Energy Company of Minas Gerais shares have declined by 38% from the estimated average. Steven Cohen owned 37,460 shares of as of Sept. 30.


Companhia Energetica de Minas Gerais was organized in Minas Gerais, Brazil on May 22, 1952. Energy Company Of Minas Gerais has a market cap of $8.94 billion; its shares were traded at around $10.86 with and P/S ratio of 1.2. The dividend yield of Energy Company Of Minas Gerais stocks is 2.8%. Energy Company Of Minas Gerais had an annual average earnings growth of 20% over the past 10 years. GuruFocus rated Energy Company Of Minas Gerais the business predictability rank of 4 stars.


Aeropostale Inc. (ARO, Financial): Down 23% Since Richard Pzena Bought in the Quarter Ended on 9-30-2012


Richard Pzena added to his holdings in Apparel Retailers company Aeropostale, Inc. by 52.27% during the quarter ended 09/30/2012. His purchase prices were between $12.14 and $20.39, with an estimated average price of $16.02. Since then the prices of Aeropostale, Inc. shares have declined by 23% from the estimated average. Richard Pzena owned 1,718,158 shares of as of Sept. 30.


Aeropostale, Inc., a Delaware corporation, originally incorporated as MSS-Delaware, Inc. Aeropostale, Inc. has a market cap of $1 billion; its shares were traded at around $12.38 with a P/E ratio of 15.6 and P/S ratio of 0.5. Aeropostale, Inc. had an annual average earnings growth of 29.8% over the past 10 years. GuruFocus rated Aeropostale Inc. the business predictability rank of 3.5-star.


Aeropostale Inc. recently announced that total net sales for the nine-week period ended Dec. 29, 2012 decreased 6% to $645 million, from $682.6 million for the nine-week period ended Dec. 31, 2011.


Meridian Funds bought 533,600 shares in the quarter that ended on Sept. 30, which is 0.26% of the $2.79 billion portfolio of Meridian Fund. Ray Dalio bought 97,213 shares in the quarter that ended on Sept. 30, which is 0.018% of the $7.44 billion portfolio of Bridgewater Associates. Joel Greenblatt bought 13,019 shares in the quarter that ended on Sept. 30, which is 0.012% of the $1.5 billion portfolio of Gotham Capital. Lee Ainslie sold out his holdings in the quarter that ended on Sept. 30.


Dollar Tree Stores Inc. (DLTR, Financial): Down 24% Since Paul Tudor Jones Bought in the Quarter Ended on 9-30-2012


Paul Tudor Jones initiated holdings in Specialty Retailers company Dollar Tree Stores, Inc. during the quarter ended Sept. 30. His purchase prices were between $46.07 and $54.29, with an estimated average price of $50.15. Since then the prices of Dollar Tree Stores Inc. shares have declined by -24% from the estimated average. Paul Tudor Jones owned 329,500 shares of as of Sept. 30.


Dollar Tree Inc. was incorporated in the State of Virginia. Dollar Tree Stores Inc. has a market cap of $9.08 billion; its shares were traded at around $38.09 with a P/E ratio of 17.2 and P/S ratio of 1.4. Dollar Tree Stores Inc. had an annual average earnings growth of 16.2% over the past 10 years. GuruFocus rated Dollar Tree Stores, Inc. the business predictability rank of 5 stars.


Dollar Tree Stores recently reported its results for the quarter ended Oct. 27, 2012. Consolidated net sales for the third quarter were $1.72 billion, a 7.8% increase compared to $1.60 billion reported for the quarter ended Oct. 29, 2011 Comparable store sales increased 1.6%, on top of a 4.8% increase for the third quarter 2011. Earnings per diluted share for the third quarter were $0.68, including a one-time gain of $0.17 per share.


Steve Mandel bought 3,892,021 shares in the quarter that ended on 09/30/2012, which is 1.2% of the $16.27 billion portfolio of Lone Pine Capital. Chuck Akre owns 1,511,366 shares as of 09/30/2012, which accounts for 5.7% of the $1.28 billion portfolio of Akre Capital Management LLC. Ken Heebner sold out his holdings in the quarter that ended on Sept. 30.


Director Conrad M. Hall bought 5,000 shares of DLTR stock on 11/16/2012 at the average price of 39.27. Conrad M. Hall owns at least 20,000 shares after this. The price of the stock has decreased by 3% since. Other insiders have decreased their positions in the company.


Haemonetics Corp. (HAE, Financial): Down 43% Since Jim Simons Bought in the Quarter Ended on 9-30-2012


Jim Simons added to his holdings in Medical Equipment company Haemonetics Corp. by 53.67% during the quarter ended 09/30/2012. His purchase prices were between $68.61 and $81.4, with an estimated average price of $74.4. Since then the prices of Haemonetics Corp. shares have declined by -43% from the estimated average. Jim Simons owned 117,100 shares of as of Sept. 30.


Haemonetics Corp. was founded in 1971 and incorporated in Massachusetts in 1985. Haemonetics Corporation has a market cap of $2.14 billion; its shares were traded at around $42.26 with a P/E ratio of 25.9 and P/S ratio of 2.9. Haemonetics Corporation had an annual average earnings growth of 5.9% over the past 10 years.


HAE recently reported second quarter 2013 net revenue of $218.2 million, up 22%, GAAP net income of $6.5 million, down 53%, and diluted earnings per share of $0.25, down 53%. Excluding restructuring, transformation, integration and transaction costs, adjusted net income was $23.5 million, up 26%, and adjusted earnings per share were $0.90, up 25%.


Ken Fisher owns 131,465 shares as of Dec. 31, an increase of 104.06% from the previous quarter. This position accounts for 0.015% of the $34.93 billion portfolio of Fisher Asset Management, LLC. Meridian Funds owns 177,300 shares as of Sept. 30, an increase of 21.86% from the previous quarter. This position accounts for 0.51% of the $2.79 billion portfolio of Meridian Fund.


President and CEO Brian Concannon sold 13,000 shares of HAE stock on Jan. 7 at the average price of 41.47. Brian Concannon owns at least 116,286 shares after this. The price of the stock has increased by 1.9% since. Other insiders have also decreased their positions in the company.