According to
GuruFocus updates
, these stocks have declined the most since Gurus have bought.
Mitsubishi Corporation (
MBI
): Down 22% Since
Steven Cohen
Bought in the Quarter Ended on 9-30-2012
Steven Cohen
added to his holdings in Property & Casualty Insurance
company MBIA Inc. by 1635.9% during the quarter ended 9/30/2012.
His purchase prices were between $8.88 and $11.85, with an
estimated average price of $10.47. Since then the prices of
Mitsubishi Corp. shares have declined by 22% from the estimated
average.
Steven Cohen
owned 137,969 shares of as of 9/30/2012.
MBIA Inc. was formed as a business corporation under the laws of
the state of Connecticut in 1986. It has a market cap of $1.63
billion; its shares were traded at around $7.95 with a P/E ratio
of 3.5 and P/S ratio of 1.82.
Prem Watsa owns 30,000 shares as of 9/30/2012, which accounts for
0.016% of the $1.85 billion portfolio of Fairfax Financial
Holdings. Irving Kahn owns 2,940,741 shares as of 9/30/2012,
which accounts for 5.3% of the $558 million portfolio of Kahn
Brothers. Bruce Berkowitz owns 44,287,170 shares as of 9/30/2012,
which accounts for 6.4% of the $7 billion portfolio of Fairholme
Capital Management.
Vertex Pharmaceuticals (
VRTX
): Down 21% Since Daniel Loeb Bought in the Quarter Ended on
9-30-2012
Daniel Loeb added to his holdings in Biotechnology company Vertex
Pharmaceuticals by 40% during the quarter ended 9/30/2012. His
purchase prices were between $48.38 and $59.07, with an estimated
average price of $53.50. Since then the prices of Vertex
Pharmaceuticals shares have declined by 21% from the estimated
average. Daniel Loeb owned 700,000 shares of as of 9/30/2012.
Vertex Pharmaceuticals was incorporated in Massachusetts in 1989.
Vertex Pharmaceuticals has a market cap of $8.43 billion; its
shares were traded at around $41.84 with a P/E ratio of 26.09 and
P/S ratio of 5.98.
VRTX recently reported its third quarter 2012 financial results.
Vertex reported total revenues of approximately $336 million for
the third quarter of 2012.
David Williams bought 550,000 shares in the quarter that ended on
12/31/2011, which is 0.41% of the $4.48 billion portfolio of
Columbia Value and Restructuring Fund. Daniel Loeb owns 700,000
shares as of 9/30/2012, an increase of 40% from the previous
quarter. This position accounts for 0.77% of the $5.07 billion
portfolio of Third Point LLC. NWQ Managers owns 207,963 shares as
of 9/30/2012, an increase of 10.13% from the previous quarter.
This position accounts for 0.084% of the $13.88 billion portfolio
of NWQ Investment Management Co.
Executive Vice President and CFO Ian F. Smith sold 6,042 shares
of VRTX stock on 11/16/2012 at the average price of 41.26. Smith
owns at least 23,311 shares after this. The price of the stock
has increased by 1.41% since. Other insiders have also decreased
their positions in the company.
Groupon Inc. (
GRPN
): Down 27% Since George Soros Bought in the Quarter Ended on
9-30-2012
George Soros initiated holdings in Specialty Retailers company
Groupon Inc. during the quarter ended 9/30/2012. His purchase
prices were between $4.15 and $9.51, with an estimated average
price of $6.25. Since then the prices of Groupon Inc. shares have
declined by 27% from the estimated average. George Soros owned
2,500,000 shares of as of 9/30/2012.
Groupon is incorporated in the state of Delaware. The group was
founded in 2008. Groupon Inc. has a market cap of $3.06 billion;
its shares were traded at around $4.93 with and P/S ratio of
1.88.
GRPN recently announced financial results for the quarter ended
Sept. 30, 2012. Revenue increased 32% year-over-year to $568.6
million in the third quarter 2012, compared with $430.2 million
in the third quarter 2011. Excluding the $26 million unfavorable
impact from year-over-year changes in foreign exchange rates
throughout the quarter, revenue growth was 38% compared with
third quarter 2011.
George Soros bought 2,500,000 shares in the quarter that ended on
9/30/2012, which is 0.19% of the $6.2 billion portfolio of Soros
Fund Management LLC. Joel Greenblatt bought 77,453 shares in the
quarter that ended on 9/30/2012, which is 0.025% of the $1.5
billion portfolio of Gotham Capital. John Burbank bought 56,723
shares in the quarter that ended on 9/30/2012, which is 0.012% of
the $2.19 billion portfolio of Passport Capital. Lee Ainslie sold
out his holdings in the quarter that ended on 9/30/2012.
CFO Jason Child sold 55,000 shares of GRPN stock on 7/31/2012 at
the average price of 6.87. Jason Child owns at least 182,525
shares after this. The price of the stock has decreased by 28.24%
since.
Pitney Bowes Inc. (
PBI
): Down 22% Since Chase Coleman Bought in the Quarter Ended on
09-30-2012
Chase Coleman initiated holdings in Electronic Office Equipment
company Pitney Bowes Inc. during the quarter ended 9/30/2012. His
purchase prices were between $12.91 and $15.27, with an estimated
average price of $13.85. Since then the prices of Pitney Bowes
Inc. shares have declined by 22% from the estimated average.
Chase Coleman owned 150,000 shares of as of 9/30/2012.
Pitney Bowes Inc. was incorporated in the state of Delaware on
April 23, 1920, as the Pitney Bowes Postage Meter Company. Pitney
Bowes Inc. has a market cap of $2.19 billion; its shares were
traded at around $10.67 with a P/E ratio of 5.2 and P/S ratio of
0.42. The dividend yield of Pitney Bowes Inc. stocks is 13.72%.
PBI recently reported its third quarter 2012 financial results.
The company announced revenues of $1.2 billion, as well as
adjusted EPS of 47 cents per share. GAAP earnings per share were
38 cents.
Joel Greenblatt owns 503,303 shares as of 9/30/2012, an increase
of 93.23% from the previous quarter. This position accounts for
0.47% of the $1.5 billion portfolio of Gotham Capital. Dodge
& Cox owns 2,741,382 shares as of 9/30/2012, which accounts
for 0.049% of the $76.68 billion portfolio of Dodge & Cox.
NWQ Managers owns 6,010,690 shares as of 9/30/2012, which
accounts for 0.6% of the $13.88 billion portfolio of NWQ
Investment Management Co.
Pirelli & C (
PC
): Down 23% Since Steven Cohen Bought in the Quarter Ended on
9-30-2012
Steven Cohen added to his holdings in Consumer Electronics
company Panasonic Corporation by 24.91% during the quarter ended
9/30/2012. His purchase prices were between $6.19 and $8.05, with
an estimated average price of $7.08. Since then the prices of
Pirelli & C shares have declined by 23% from the estimated
average. Steven Cohen owned 13,547 shares of as of 9/30/2012.
PC recently reported its financial results for the nine months
ended Sept. 30, 2012. Revenues were 4,574.1 million euro, an
increase of 7.2% compared with 4,265.8 million euro in September
2011.
Panasonic Corp., formerly known as Matsushita Electric Industrial
Co. Panasonic Corporation has a market cap of $11.81 billion; its
shares were traded at around $5.71 with and P/S ratio of 0.12.
The dividend yield of Panasonic Corporation stocks is 1.08%.
Panasonic Corporation had an annual average earnings growth of
3.3% over the past 10 years.
Dodge & Cox owns 29,026,188 shares as of 9/30/2012, which
accounts for 0.25% of the $76.68 billion portfolio of Dodge &
Cox.About GuruFocus: GuruFocus.com tracks the stocks picks and
portfolio holdings of the world's best investors. This value
investing site offers stock screeners and valuation tools. And
publishes daily articles tracking the latest moves of the world's
best investors. GuruFocus also provides promising stock ideas in
3 monthly newsletters sent to
Premium Members
.