) of Tiger Global Management and
(Trades, Portfolio) of Southeastern Asset Management both found two
stocks within their portfolios worth growing this week.
Southeastern Asset Management seeks deeply discounted but good
businesses for its portfolio, which contains 33 stocks and is
valued at $20.4 billion. Tiger Global Management is also a
fundamental-based firm but which also invests according to
long-term sector trends. Its long equity portfolio holds 61 stocks
with a combined value of $8 billion.
This week, Southeastern Asset Management bought more shares of its
holding Consol Energy Inc. (
), and Chase Coleman (Trades, Portfolio)'s Tiger Global increased
its stake in dElia's Inc. (
Consol Energy (
Southeastern increased its Consol Energy stake by 1.74% as of Feb.
28, when the price closed at $40.10 per share. The buy increased
Southeastern's stake from 22,691,279 shares to 23,086,745 shares,
equal to 10.1% of the company, and 4.2% of its shares outstanding.
This was the second purchase of Consol Energy by Southeastern
recently. It had increased its stake by 1.93% on Feb. 10.
Pittsburgh-based CONSOL energy is a natural gas and coal company
that operates primarily in the shale of the Appalachian basin. It
has a market cap of $9.15 billion and its share price lifted almost
5% year to date.
Hawkins commented on the stock in his third quarter 2013 investor
"Other strong performers in the quarter included Level 3, up 27%,
and CONSOL Energy (
), up 25%... Brett Harvey, CEO at CONSOL indicated that management
is exploring the sale of assets and could potentially split the
company into various parts: natural gas, coal, and infrastructure.
Even with meaningful recent stock gains, both companies remain
among our most discounted names."
In January, Consol reported new records in its quarterly and annual
production rates, and said it plans to increase production in 2014.
On the coal side, it expects to complete three major projects by
Consol Energy's shares are traded at around $39.96 on Friday, near
a two-year high, with a P/E ratio of 126.60, near a one-year low,
and P/S ratio of 2.80, near a five-year high. The dividend yield of
Consol Energy stocks is 1.10%. Consol Energy had an annual average
earnings growth of 12.30% over the past 10 years. GuruFocus rated
Consol Energy the business predictability rank of 2.5-star.
dElia's Inc. (
Tiger Global increased its stake in dElia's by 31.74%, building it
up to 4,469,875 share, equal to 13.61% of the company, on March 6.
That day, the stock's price closed at $1.10 per share. Year to
date, its price has soared almost 40%.
Tiger Global originally bought the stock in the fourth quarter,
buying 3.4 billion shares.
dElia's is a retail company marketing to teenage girls through
stores in the mall, direct mail catalogs and its website.
Coleman also bought shares of the company on the same day the
company released its preliminary fourth quarter financial results.
dElia's said it expects its total revenue for the quarter to
decrease by 34.2% to $35.4 million, with a gross margin between
7.0% and 8.0%, compared to 29.6% in the prior-year quarter. Its
total loss from continuing operations is projected to fall between
$17.0 million and $18.0 million. The company ended 2013 with $3.2
million in cash and $14.5 million in borrowings in its revolving
The company's leader, CEO Tracy Gardner, said in the statement that
the company is aiming to execute a turnaround whose effects have
not been felt yet: "We remain in the early stages of our turnaround
and we believe the headwinds that continue to pressure the retail
industry hampered our progress in the fourth quarter. That said, we
continued to make progress in executing on key initiatives that we
believe will drive improved performance in our business longer
Delia*s Inc. has a market cap of $85.0 million; its shares are
trading Friday around $1.23 with and P/S ratio of 0.20. Delia*s had
an annual average earnings growth of 9.30% over the past five
These buys were reported using GuruFocus Real Time Picks, which
is a Premium Member feature only.
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