April-26-2008

Guru Stocks at 52-Week Low: Newell Rubbermaid Inc, IAMGOLD Corp, UCBH Holdings Inc, Briggs & Stratton Corp, CKE Restaurants Inc.

GuruFocus News
Filed Under: NWL, IAG, UCBH, BGG, CKR,

The market was up about 0.7% last week, although that did not stop companies to continue to plunge deeper into their 52-week lows. Last week’s top five stocks that reached their 52-week lows were Newell Rubbermaid Inc, IAMGOLD Corp, UCBH Holdings Inc, Briggs & Stratton Corp, and CKE Restaurants Inc.

Last week’s top two out of favor industries were the Media and Travel/Leisure industries. 12 stocks in the Media industry have reached their 52-week low, while 1 has reached its 52-week high, giving the Media industry a low/high ratio of 12. 25 stocks in the Travel/Leisure industry have reached their 52-week lows, while 4 have reached their 52-week highs, giving the Travel/Leisure industry a low/high ratio of 6.25.

For full details about guru stocks at 52-week low and more information, click here: http://www.gurufocus.com/52weeklow.php.

IAMGOLD Corp. (IAG) Reached the 52-Week Low of $5.87

The prices of IAMGOLD Corp. (IAG) shares have declined to close the 52-week low of $5.87, which is 38.4% lower than its 52-week high of $10.43. IAMGOLD Corp. is owned by 3 Gurus we are tracking. All have added to their positions during the past quarter.

IAMGOLD Corporation engages in the exploration, development, and production of mineral resource properties worldwide. The company has a market cap of $1.73 billion; its shares were traded at around $5.87 with P/S ratio of 2.50. The dividend yield of IAMGOLD Corp. stocks is 1%.

Gold prices have recently dropped to about $900 an ounce, compared to $1000 an ounce last month. This has caused many companies that mine gold to drop. However, IAMGOLD gained 13 cents on this news.

Third Avenue Management bought 1,018,700 shares in the quarter that ended on 12/31/2007 . George Soros bought 101,500 shares in the quarter that ended on 12/31/2007 . David Dreman owns 4,070,164 shares as of 12/31/2007 .

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