Weekly Insider Buys: Weyerhaeuser, Whirpool, Nabors, Black & Decker, Foot Locker

According to GuruFocus updates, these stocks have declined the most since Gurus have bought. Last week's top five guru bargain stocks were Weyerhaeuser Company (WY), Whirlpool Corp (WHR), Nabors Industries Ltd (NBR), Black & Decker Corp (BDK), and Foot Locker Inc. (FL).

Weyerhaeuser Company: Down 23% Since Brian Rogers Bought In the Quarter Ended on 2008-12-31

Brian Rogers initiated holdings in Forestry company Weyerhaeuser Company during the quarter ended 12/31/2008. He owned 1,250,000 shares of as of 12/31/2008. Weyerhaeuser Company is principally engaged in the growing and harvesting of timber. The company has a market cap of $6.21 billion; its shares were traded at around $27.34 with a P/E ratio of 143.2 and P/S ratio of 0.38. The dividend yield of Weyerhaeuser Company stock is 8.17%. Weyerhaeuser Company had an annual average earning growth of 4.6% over the past 10 years.

Weyerhaeuser Company recently reported its third quarter 2008 results. The company announced that its net earnings were $280 million, or $1.33 per diluted share. “We expect housing market conditions will remain difficult, and our businesses will continue to aggressively manage costs and inventory accordingly,” said Dan Fulton, president and chief executive officer. “As a result of actions we’ve already taken, we have a strong balance sheet and good liquidity. We’re meeting the challenges of today’s markets, while preparing for stronger markets in the future.”

Brian Rogers bought 1,250,000 shares in the quarter that ended on 12/31/2008. Jean-Marie Eveillard owns 1,965,080 shares as of 09/30/2008, an increase of 16275.7% from the previous quarter. PRIMECAP Management owns 3,523,220 shares as of 09/30/2008, which accounts for 0.38% of the $55.92 billion portfolio of PRIMECAP Management. Kenneth Fisher owns 6,925 shares as of 09/30/2008, which accounts for less than 0.01% of the $31.63 billion portfolio of Fisher Asset Management, LLC.

Director Nicole Weyerhaeuser Piasecki sold 1,780 shares of WY stock on 12/24/2008 at the average price of $30.41; the price of the stock has decreased by 10.1% since.

Whirlpool Corp: Down 26% Since Brian Rogers Bought In the Quarter Ended on 2008-12-31

Brian Rogers added to his holdings in Furnishings company Whirlpool Corp. by 19.05% during the quarter ended 12/31/2008. He owned 2,500,000 shares of as of 12/31/2008. Whirlpool Corp. manufactures and markets a full line of major appliances and related products primarily for home use. The company has a market cap of $2.93 billion; its shares were traded at around $33.43 with a P/E ratio of 5 and P/S ratio of 0.15. The dividend yield of Whirlpool Corp. stocks is 4.32%.

David Dreman owns 36,900 shares as of 09/30/2008, an increase of 60.57% from the previous quarter. Brian Rogers owns 2,500,000 shares as of 12/31/2008, which accounts for 0.77% of the $13.49 billion portfolio of T. Rowe Price Equity Income Fund. Richard Pzena owns 5,102,788 shares as of 09/30/2008, a decrease of 32.81% of from the previous quarter. Sarah Ketterer and Arnold Schneider both sold out their holdings in the quarter that ended on 09/30/2008.

Executive Vice President Paulo F M O Periquito sold 66,000 shares of WHR stock on 09/09/2008 at the average price of $89.22; the price of the stock has decreased by 62.53% since.

Nabors Industries Ltd: Down 58% Since Martin Whitman Bought In the Quarter Ended on 2008-10-31

Martin Whitman added to his holdings in Oil Equipment & Services company Nabors Industries Ltd. by 9.91% during the quarter ended 10/31/2008. He owned 11,090,000 shares of as of 10/31/2008. Nabors Industries Inc. is one of the largest land drilling contractors. The company has a market cap of $3.21 billion; its shares were traded at around $10.95 with a P/E ratio of 3.4 and P/S ratio of 0.65. Nabors Industries Ltd. had an annual average earning growth of 26.2% over the past 10 years. GuruFocus rated Nabors Industries Ltd. the business predictability rank of 4.5-star.

John Hussman bought 500,000 shares in the quarter that ended on 09/30/2008, which is 0.36% of the $3.49 billion portfolio of Hussman Economtrics Advisors, Inc.. Kenneth Fisher owns 71,571 shares as of 09/30/2008, an increase of 65.77% from the previous quarter. Martin Whitman owns 11,090,000 shares as of 10/31/2008, which accounts for 3.41% of the $4.68 billion portfolio of Third Avenue Value Fund. Ken Heebner and Ronald Muhlenkamp both sold out their holdings in the quarter that ended on 09/30/2008. sold out his holdings in the quarter that ended on 09/30/2008.

Director Alexander M. Knaster bought 60,000 shares of NBR stock on 11/13/2008 at the average price of $13.45; the price of the stock has decreased by 18.59% since.

The Black & Decker Corp: Down 35% Since Brian Rogers Bought In the Quarter Ended on 2008-12-31

Brian Rogers added to his holdings in Durable Household Products company The Black & Decker Corp. by 25% during the quarter ended 12/31/2008. He owned 1,250,000 shares of as of 12/31/2008. The Black & Decker Corporation is a global marketer and manufacturer of quality products used in and around the home and for commercial applications. It has a market cap of $2.37 billion; its shares were traded at around $28.91 with a P/E ratio of 5.8 and P/S ratio of 0.36. The dividend yield of The Black & Decker Corp. stocks is 4.25%. The Black & Decker Corp. had an annual average earning growth of 7.7% over the past 10 years.

The Black and Decker Corp recently reported its fourth quarter 2008 and full year results. The company announced that its net earnings were $43.7 million, or 73 cents per diluted share. Sales increased 17% compared to 2007. Nolan D. Archibald, Chairman and Chief Executive Officer, commented, "The global macroeconomic conditions affecting our end markets in the fourth quarter were significantly worse than we anticipated. As a result, Black & Decker's sales were well below our expectations, and margins also fell short. These challenges were offset by a favorable tax rate and lower-than-expected interest expense.”

Brian Rogers owns 1,250,000 shares as of 12/31/2008, an increase of 25% from the previous quarter. David Williams owns 3,100,000 shares as of 09/30/2008, which accounts for 2.29% of the $5.52 billion portfolio of Columbia Value and Restructuring Fund. John Rogers owns 2,525,290 shares as of 09/30/2008, a decrease of 30.52% of from the previous quarter. This position accounts for 2.28% of the $6.74 billion portfolio of Ariel Capital Management LLC.

Vice President & Treasurer Mark M. Rothleitner sold 20,000 shares of BDK stock on 09/19/2008 at the average price of $67.51; the price of the stock has decreased by 57.18% since.

Foot Locker Inc: Down 24% Since Robert Rodriguez Bought In the Quarter Ended on 2008-12-31

Robert Rodriguez added to his holdings in Apparel Retailers company Foot Locker Inc. by 12.78% during the quarter ended 12/31/2008. He owned 3,436,916 shares of as of 12/31/2008. Foot Locker Inc. is a leading global retailer operating primarily mall-based stores in North America, Europe, Asia and Australia. The company has a market cap of $1.2 billion; its shares were traded at around $7.36 with a P/E ratio of 11.5 and P/S ratio of 0.22. The dividend yield of Foot Locker Inc. stock is 7.75%. Foot Locker Inc. had an annual average earning growth of 18.8% over the past 10 years.

Robert Rodriguez owns 3,436,916 shares as of 12/31/2008, an increase of 12.78% from the previous quarter. This position accounts for 4.3% of the $586 million portfolio of FPA Capital. Robert Rodriguez owns 3,436,916 shares as of 12/31/2008, which accounts for 4.3% of the $586 million portfolio of FPA Capital. Robert Olstein owns 8,000 shares as of 09/30/2008, a decrease of 52.94% of from the previous quarter. Hotchkis & Wiley sold out his holdings in the quarter that ended on 09/30/2008.

Sr. VP - Strategic Planning Lauren B Peters sold 12,000 shares of FL stock on 10/06/2008 at the average price of $14.02; the price of the stock has decreased by 47.5% since.

Comments

[David White:]

WY is still going down. The new housing starts and permits are still going down. Commodities such as lumber are still very low. They do not seem likely to shoot up soon. Also hedge funds have been selling WY. No doubt this was responsible for some of the move downward. However, it seems likely that the Q4 results will still be worse than predicted. I don't see a light in sight yet. However, WY will likely do better as we come out of the recession. Given that that may not be until 2010, it might be better to avoid WY until at least the fall. After all they are still talking about deflation. The end of the tunnel is not immediately in sight. You probably want to catch this one on your way out of the tunnel.

Feb 05 07:03 PM

[David White:]

WY reported on Friday. They lost -$5.73/share in Q4, while the expected loss was only -$.57. Excluding one time charges, WY lost -$.99/share. This is something similar to what I was expecting. The stock went down sharply at the beginning of Friday trading. However, it ended up up on the day due to the general market rally. It is hard to say if WY will continue to rally with the markets (assuming they continue to rally with the euphoria of the stimulus package, etc.). However, WY is probably worth watching as a future short candidate. There is likley more bad news coming from this company. You don't lose $1.2B in a quarter without having some serious problems further down the road. building has yet to pick up. When it does, the pickup will likely be slow. We still have a huge surplus of houses on the market already.

Feb 08 04:16 PM

[Amanda:]

I purchased a Crosley washer which is made by Whirlpool. It was purchased 6months ago from Standard Furniture in Moulton Alabama. It had a warranty for one year. We did contact the furnitre store when we smelled a burning smell. This was @ the end of January. The furniture store gave my husband the number to the local company that repaired this washer. It was not until 2/3/09. They did send someone out and he ran the #6 cycle and determined the #6 cycle had a smell and the motor was hot. He said he would file a report on Monday. I did email the nearest distributor to us which was S & S. He contacted me and wanted to have another tech. from the same company come out and take another look. They called and after arranging our work scheduled said they would come Friday. They did not show. I called Crosely direct spoke to the most helpful person and he directed me to Whirlpool. I called and they offered me a 3 month extension and said they would contact us within 12 hours with someone besides the same service company to come out. We are still waiting. On Monday a different person from Whirlpool called, she was very helpful and said she would find a different contractor for us. I explained my husband did work swing shift and Friday was the only day. She said someone would be contacting us within that day. It is 2/18/09. I have no washer, we have spent countless days waiting on service calls that have not shown, and time on the phone. I feel that Whirpool has broke their warranty. They should replace the washer immediatley. In today's economy we have to do the leg work for a warranty. We have purchased several things from this local furniture store. He has not tried to contact anyone for us and we wonder why our small businesses are closing. If I had only purchased a Kenmore!!!!!!

Feb 18 12:17 PM