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Weekly CEO Buys Highlight: Boston Scientific Corp. , Crane Co., The Greenbrier Companies Inc., KKR Financial Holdings LLC, Cenveo Inc.

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Aug. 15, 2009 | Filed Under: BSX , CR , GBX , KFN , CVO


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guruyt

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Last week's top five stocks that were bought by their CEOs were Boston Scientific Corp. (BSX), Crane Co. (CR), The Greenbrier Companies Inc. (GBX), KKR Financial Holdings LLC (KFN), and Cenveo Inc. (CVO). According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Boston Scientific Corp. (BSX): President and CEO John Raymond Elliott Bought 100,000 Shares

President and CEO of Boston Scientific Corp. (BSX) John Raymond Elliott bought 100,000 shares on 08/11/2009 at an average price of $11.14. Boston Scientific Corporation is a worldwide developer manufacturer and marketer of minimally invasive medical devices.
The company's products are used in a broad range of interventional medical specialties including cardiology electrophysiology gastroenterology neuro-endovascular therapy pulmonary medicine radiology urology and vascular surgery. Boston Scientific Corp. has a market cap of $16.78 billion; its shares were traded at around $11.14 with a P/E ratio of 18.3 and P/S ratio of 2.1. Boston Scientific Corp. had an annual average earning growth of 11.6% over the past 10 years. GuruFocus rated Boston Scientific Corp. the business predictability rank of 3.5-star.
Boston Scientific recently reported its second quarter 2009 results. The company announced that its sales increased 7% compared to results from a year ago. The company also said that its EPS was 20 cents per share, while GAAP EPS was 10 cents per share.
Arnold Schneider owns 625,000 shares as of 03/31/2009, a decrease of 23.11% of from the previous quarter. Richard Pzena owns 65,875 shares as of 03/31/2009, a decrease of 23.24% of from the previous quarter. Robert Olstein owns 1,170,731 shares as of 03/31/2009, a decrease of 34.58% of from the previous quarter.
Buy: Director John E Pepper bought 6,000 shares of BSX stock on 05/11/2009 at the average price of $9.18; the price of the stock has increased by 21.35% since. Other insiders have both been buying and selling the company.

Crane Co. (CR): President & CEO Eric C Fast Bought 25,000 Shares

President & CEO of Crane Co. (CR) Eric C Fast bought 25,000 shares on 08/12/2009 at an average price of $22.87. Crane Co. is a diversified manufacturer of highly engineered industrial products. Crane provides products and solutions to customers in the aerospace electronics hydrocarbon processing petrochemical chemical power generation automated merchandising transportation and other markets. The Company has five business segments: Aerospace & Electronics Fluid Handling Engineered Materials Merchandising Systems and Controls. Crane Co. has a market cap of $1.34 billion; its shares were traded at around $22.87 with a P/E ratio of 10.7 and P/S ratio of 0.5. The dividend yield of Crane Co. stocks is 3.5%.
Crane recently reported its second quarter results. The company sadi that its sales decreased $148 million, or 21% compared to results from a year ago. Net income was 47 cents per diluted share, while earnings were 2 cents per share.
David Dreman bought 119,100 shares in the quarter that ended on 06/30/2009, which is 0.09% of the $3.12 billion portfolio of Dreman Value Management. Charles Brandes owns 13,295 shares as of 03/31/2009, which accounts for less than 0.01% of the $16.16 billion portfolio of Brandes Investment. John Keeley sold out his holdings in the quarter that ended on 03/31/2009.
Buy: Director Donald G Cook bought 275 shares of CR stock on 04/27/2009 at the average price of $21.85; the price of the stock has increased by 4.67% since.

The Greenbrier Companies Inc. (GBX): President & CEO William A Furman Bought 30,000 Shares

President & CEO of The Greenbrier Companies Inc. (GBX) William A Furman bought 30,000 shares during the past week at an average price of $12.05. Greenbrier Companies Inc. is a leading supplier of transportation equipment and services to the railroad and related industries. The manufacturing segment produces double-stack intermodal railcars conventional railcars and marine vessels and performs repair and refurbishment activities for both intermodal and conventional railcars. In addition to manufacturing they are engaged in complementary leasing and services activities. The Greenbrier Companies Inc. has a market cap of $206 million; its shares were traded at around $12.05 with and P/S ratio of 0.2. The Greenbrier Companies Inc. had an annual average earning growth of 3.4% over the past 10 years.
Greenbrier recently reported its third quarter 2009 results. The company announced that it had a net loss of $3 per share. Revenue was down 36% too, compared to results from the second quarter of 2008.
John Keeley owns 1,964,700 shares as of 03/31/2009, which accounts for 0.15% of the $4.75 billion portfolio of Keeley Fund Management.
Sell: Pres No Amer Manu Opers Alejandro Centurion sold 680 shares of GBX stock on 08/03/2009 at the average price of $10.65; the price of the stock has increased by 13.15% since.

KKR Financial Holdings LLC (KFN): CEO William C Sonneborn Bought 100,000 Shares

CEO of KKR Financial Holdings LLC (KFN) William C Sonneborn bought 100,000 shares on 08/12/2009 at an average price of $3.04. KKR Financial Corp. an affiliate of Kohlberg Kravis Roberts & Co. L.P. is a diversified specialty finance company that invests across multiple asset classes including residential mortgage loans and mortgage-backed securities corporate loans and debt securities commercial real estate loans and debt securities and asset-backed securities. KKR Financial Holdings LLC has a market cap of $458.7 million; its shares were traded at around $3.04 with and P/S ratio of 0.4.
KKR Financial recently reported its second quarter results. The company announced that it had a net income of 15 cents per diluted share. Net income for the first half of 2009 was 5 cents per share.
David Einhorn bought 351,352 shares in the quarter that ended on 03/31/2009, which is 0.01% of the $2.38 billion portfolio of Greenlight Capital Inc.

Cenveo Inc. (CVO): Chairman and CEO Robert G Sr Burton Bought 55,000 Shares

Chairman and CEO of Cenveo Inc. (CVO) Robert G Sr Burton bought 55,000 shares on 08/13/2009 at an average price of $4. Cenveo Inc. is one of North America's leading providers of visual communications with one-stop services from design through fulfillment. They are uniquely positioned serving both direct customers through their commercial segment doing business under the name Cenveo and distributors and resellers of print and office products through their resale segment. Cenveo's broad portfolio of services and products include e-services envelopes offset and digital printing as well as printed office products. Cenveo Inc. has a market cap of $218.5 million; its shares were traded at around $4 with a P/E ratio of 3.8 and P/S ratio of 0.1. Cenveo Inc. had an annual average earning growth of 13.5% over the past 5 years.
John Keeley owns 1,170,000 shares as of 03/31/2009, a decrease of 32.56% of from the previous quarter. This position accounts for 0.08% of the $4.75 billion portfolio of Keeley Fund Management.
Buy: President, Field Sales & Mfg Mark S Hiltwein bought 5,000 shares of CVO stock on 06/02/2009 at the average price of $4.89; the price of the stock has decreased by 18.2% since. Many other insiders have been increasing their positions in the company.

For the complete list of stocks that bought by their company CEOs, go to:
CEO Buys.



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