Weekly CFO Buys Highlight: Magellan Petroleum Corp., Comcast Corp., Zagg Inc., Aastrom Biosciences, CalAmp Corp., SatCon Technology Corp., Broadwind Energy Inc.

Weekly CFO Buys Highlight: BWEN, SATC, CAMP, ASTM, ZAGG, CMCSA, MPET

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May 29, 2010
According to GuruFocus Insider Data, the largest CFO buys during the past week were Magellan Petroleum Corp. (MPET, Financial), Comcast Corp. (CMCSA, Financial), Zagg Inc. (ZAGG, Financial), Aastrom Biosciences Inc. (ASTM, Financial), CalAmp Corp. (CAMP, Financial), SatCon Technology Corp. (SATC, Financial), and Broadwind Energy Inc. (BWEN, Financial)

Controller / Interim CFO of Magellan Petroleum Corp. (MPET) Susan M. Filipos bought 52,878 shares on 05/21/2010 at an average price of $1.62. MAGELLAN PETROLEUM CORP. is engaged directly and through its majority-owned subsidiary, in the sale of oil and gas and the exploration for and development of oil and gas reserves. Magellan Petroleum Corp. has a market cap of $89.9 million; its shares were traded at around $1.73 with and P/S ratio of 3.1. Magellan Petroleum Corp. had an annual average earning growth of 3% over the past 10 years.

Magellan Petroleum Corporation reported consolidated net income of $1.2 million ($.02 per share) on gross revenues of $5.1 million for its fiscal third quarter ended March 31, 2010, as compared to net income of $391,000 ($.01 per share) on revenues of $5.5 million in last year’s third quarter. Working capital was $39.8 million at March 31, 2010, an increase of $2.6 million from June 30, 2009 (fiscal year end).

MPET is in the portfolios of Jim Simons of Renaissance Technologies LLC.

President and CEO William H. Hastings and Controller / Interim CFO Susan M. Filipos bought shares of MPET stock.

Comcast Corp. (CMCSA): EVP and CFO Michael J Angelakis Bought 30,000 Shares

EVP and CFO of Comcast Corp. (CMCSA) Michael J Angelakis bought 30,000 shares on 05/24/2010 at an average price of $16.89. Comcast Corp., among the world's communication companies, provides basic cable, digital cable and high speed internet services that connect people to what's important in their lives. Comcast Corp. has a market cap of $51.33 billion; its shares were traded at around $18.09 with a P/E ratio of 14.9 and P/S ratio of 1.4. The dividend yield of Comcast Corp. stocks is 2.1%. Comcast Corp. had an annual average earning growth of 14.9% over the past 10 years.

CMCSA is in the portfolios of John Paulson of Paulson & Co., Dodge & Cox, Chris Shumway of Shumway Capital Partners LLC, Bill Nygren of Oak Mark Fund, Bruce Berkowitz of Fairholme Capital Management, Fairholme Fund, Andreas Halvorsen of Viking Global Investors LP, George Soros of Soros Fund Management LLC, John Buckingham of Al Frank Asset Management, Inc., Irving Kahn of Kahn Brothers & Company Inc., Brian Rogers of T Rowe Price Equity Income Fund, John Hussman of Hussman Economtrics Advisors, Inc., Pioneer Investments, Jean-Marie Eveillard of Arnhold & S. Bleichroeder Advisers, LLC, Pioneer Investments, Eric Mindich of Eton Park Capital Management, L.P., Paul Tudor Jones of The Tudor Group, Tom Gayner of Markel Gayner Asset Management Corp, Tom Russo of Gardner Russo & Gardner, Glenn Greenberg of Brave Warrior Capital, Inc., Tweedy Browne of Tweedy Browne CO LLC, Jeremy Grantham of GMO LLC, Wallace Weitz of Weitz Wallace R & Co.

EVP and CFO Michael J Angelakis bought shares of CMCSA stock.

SVP & Controller Lawrence J Salva sold shares of CMCSA stock.

Zagg Inc. (ZAGG): CFO Brandon T Obrien Bought 24,000 Shares

CFO of Zagg Inc. (ZAGG) Brandon T Obrien bought 24,000 shares on 05/21/2010 at an average price of $2.13. ZAGG Inc. designs, manufactures and distributes protective clear coverings and accessories for consumer electronic and hand-held devices, worldwide. Zagg Inc. has a market cap of $51.1 million; its shares were traded at around $2.35 with a P/E ratio of 14.7 and P/S ratio of 1.3.

ZAGG Inc. announced financial results for the first quarter ended March 31, 2010. Revenue for Q1 2010 was $8.8 million versus $8.1 million for Q1 2009, and $11.4 million for Q4 2009. Net income for Q1 2010 was $0.8 million or $0.03 per share versus $1.0 million or $0.05 for Q1 2009, and $0.3 million or $0.01 per fully diluted share for Q4 2009.

CEO, 10% Owner Robert G Pedersen Ii and CFO Brandon T Obrien bought shares of ZAGG stock.

Aastrom Biosciences Inc. (ASTM): CEO, President, CFO & Director Timothy M Mayleben Bought 17,600 Shares

CEO, President, CFO & Director of Aastrom Biosciences Inc. (ASTM) Timothy M Mayleben bought 17,600 shares on 05/21/2010 at an average price of $1.42. Aastrom Biosciences, Inc. develops autologous cell products for the repair or regeneration of multiple human tissues, based on its proprietary Tissue Repair Cell technology. Aastrom Biosciences Inc. has a market cap of $41.8 million; its shares were traded at around $1.48 with and P/S ratio of 229.7.

Aastrom Biosciences, Inc. reported financial results for its second fiscal quarter ended December 31, 2009, and also announced progress in its late-stage clinical development programs and corporate operations. Total revenues for the quarter and six months ended December 31, 2009, consisting of product sales, were $16,000 and $89,000, respectively, compared to $28,000 and $55,000 for the same periods in fiscal year 2009.

CEO, President, CFO & Director Timothy M Mayleben and Director George W Jr Dunbar bought shares of ASTM stock.

CalAmp Corp. (CAMP): VP Finance & CFO Richard K Vitelle Bought 15,000 Shares

VP Finance & CFO of CalAmp Corp. (CAMP) Richard K Vitelle bought 15,000 shares on 05/20/2010 at an average price of $2.19. CalAmp Corp. is a provider of wireless communications products that enable anytime/anywhere access to critical information, data and entertainment content. Calamp Corp. has a market cap of $62.1 million; its shares were traded at around $2.25 with and P/S ratio of 0.6.

CalAmp Corp. reported results for its fourth quarter and full year ended February 28, 2010. The company reported fourth quarter revenue of $34.5 million, up 62% from prior year and up 12% sequentially; fiscal 2010 full year revenue of $112.1 million, up 14% from prior year and fourth quarter GAAP net loss of $1.3 million, or $0.05 loss per diluted share; Adjusted basis (non-GAAP) net loss of $0.5 million, or $0.02 loss per diluted share.

CAMP is in the portfolios of Jim Simons of Renaissance Technologies LLC.

CEO Richard B Gold, VP Finance & CFO Richard K Vitelle, and President & COO Michael J Burdiek bought shares of CAMP stock.

SatCon Technology Corp. (SATC): CFO and Treasurer Donald R Peck Bought 12,500 Shares

CFO and Treasurer of SatCon Technology Corp. (SATC) Donald R Peck bought 12,500 shares on 05/20/2010 at an average price of $2.35. SatCon Technology Corp. manufactures and sells power and energy management products for several applications. Satcon Technology Corp. has a market cap of $174.6 million; its shares were traded at around $2.46 with and P/S ratio of 3.4. Satcon Technology Corp. had an annual average earning growth of 1.3% over the past 10 years.

Satcon Technology Corporation announced its results for the first quarter ended March 31, 2010. Revenue for the first quarter was $14.7 million as compared to the $13.4 million for the same quarter 2009. The company reported a net loss of $7.2 million.

CFO and Treasurer Donald R Peck bought shares of SATC stock.

Broadwind Energy Inc. (BWEN): CFO Stephanie K Kushner Bought 10,000 Shares

CFO of Broadwind Energy Inc. (BWEN) Stephanie K Kushner bought 10,000 shares on 05/19/2010 at an average price of $2.8. Broadwind Energy, Inc., headquartered in Naperville, Illinois, owns, supports, grows and strategically positions companies that manufacture, install and maintain components for the energy industry, with a primary emphasis on the wind energy sector. Broadwind Energy Inc. has a market cap of $235.8 million; its shares were traded at around $2.21 with and P/S ratio of 1.2.

Broadwind Energy, Inc. reported a net loss of $14.1 million or $0.14 per share for the first quarter of 2010 on revenue of $22.2 million, compared to a net loss of $7.2 million or $0.07 per share on revenue of $53.1 million in the prior year.

BWEN is in the portfolios of Louis Moore Bacon of Moore Capital Management, LP.

CFO Stephanie K Kushner bought shares of BWEN stock.

CEO, 10% Owner John Cameron Drecoll and 10% Owner Jeffrey L Et Al Gendell sold shares of BWEN stock.

For the complete list of stocks that bought by their CFOs, go to: Insider Buys.