Weekly CFO Buys Highlight: AspenBio Pharma, Solarwinds, Affymetrix, Cascade Financial Corp., Bank of America Corp., BB&T Corp.

Weekly CFO Buys Highlight: APPY, SWI, AFFX, CASB, BAC, BBT

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Aug 01, 2010
According to GuruFocus Insider Data, the largest CFO buys during the past week were Solarwinds Inc., Affymetrix Inc., Cascade Financial Corp., Bank of America Corp., and BB&T Corp.

CFO of AspenBio Pharma Inc. (APPY, Financial) Jeffrey Mcgonegal bought 15,000 shares on 07/26/2010 at an average price of $0.71. ASPENBIO PHARMA, INC. is an emerging bio-pharmaceutical company dedicated to the discovery, development, manufacture, and marketing of novel proprietary products, including those that enhance the reproductive efficiency of animals and that have large worldwide market potential. Aspenbio Pharma Inc. has a market cap of $26.5 million; its shares were traded at around $0.66 with and P/S ratio of 91.2.

CFO Jeffrey Mcgonegal and Director Douglas I Hepler bought shares of APPY stock.

Solarwinds Inc. (SWI, Financial): Senior Vice President & CFO Michael J Berry Bought 10,000 Shares

Senior Vice President & CFO of Solarwinds Inc. (SWI) Michael J Berry bought 10,000 shares on 07/23/2010 at an average price of $12.39. SolarWinds, Inc., headquartered in Austin, Texas, provides powerful, simple and affordable network management software to more than 80,000 customers worldwide -- from Fortune 500 enterprises to small businesses. Solarwinds Inc. has a market cap of $939.4 million; its shares were traded at around $13.82 with a P/E ratio of 24.3 and P/S ratio of 8.1.

SolarWinds reported results for its second quarter ended June 30, 2010. Non-GAAP net income in the second quarter of 2010 was $12.5 million, a 40% increase over non-GAAP net income of $8.9 million in the second quarter of 2009. Non-GAAP diluted earnings per share was $0.17 in the second quarter of 2010 compared to $0.14 in the second quarter of 2009.

SWI is in the portfolios of Lee Ainslie of Maverick Capital, Pioneer Investments, Steven Cohen of SAC Capital Advisors.

Director, President & CEO Kevin B Thompson, Chairman of the Board & CEO Michael S Bennett, and Director Roger J Sippl bought shares of SWI stock.

Affymetrix Inc. (AFFX, Financial): CFO Timothy C Barabe Bought 10,000 Shares

CFO of Affymetrix Inc. (AFFX) Timothy C Barabe bought 10,000 shares on 07/27/2010 at an average price of $4.5. Affymetrix scientists invented the world's first high-density microarray and began selling the first commercial microarray. Affymetrix Inc. has a market cap of $346.6 million; its shares were traded at around $4.89 with and P/S ratio of 1.1.

Affymetrix, Inc. reported its operating results for the second quarter of 2010. Total revenue for the quarter was $71.7 million, in line with previously announced expectations, as compared to total revenue of $81.6 million in the second quarter of 2009. The Company reported a net loss of approximately $5.5 million, or $0.08 per diluted share, in the second quarter of 2010, which includes a $1.7 million, or $0.02 per diluted share, gain on debt repurchase from the convertible notes buyback of $26.7 million of aggregate principal amount. This compares to a net income of $7.3 million, or $0.11 per diluted share, in the second quarter of 2009, which included a $17.4 million, or $0.25 per diluted share, gain on debt repurchase from the convertible notes buyback.

AFFX is in the portfolios of Chuck Royce of Royce& Associates, PRIMECAP Management, Bruce Kovner of Caxton Associates, Charles Brandes of Brandes Investment, Steven Cohen of SAC Capital Advisors, Jim Simons of Renaissance Technologies LLC.

CFO Timothy C Barabe bought shares of AFFX stock.

Cascade Financial Corp. (CASB, Financial): CFO Debra L Johnson Bought 10,000 Shares

CFO of Cascade Financial Corp. (CASB) Debra L Johnson bought 10,000 shares on 07/29/2010 at an average price of $0.38. Cascade Bancorp is a bank holding company. The company, through its subsidiaries, offers a broad range of commercial and personal banking services to its customers. Cascade Financial Corp. has a market cap of $4.5 million; its shares were traded at around $0.370.

Cascade Financial Corp. reported financial results for the second quarter ended June 30, 2010. Cascade reported a net loss attributable to common stockholders of $24.8 million, or $2.02 per diluted common share, for the second quarter of 2010, compared to a loss of $22.0 million, or $1.82 per diluted common share, for the second quarter a year ago.

CASB is in the portfolios of Chuck Royce of Royce& Associates.

CEO, President Carol K Nelson, CFO Debra L Johnson, CFO Lars H Johnson bought shares of CASB stock.

Bank of America Corp. (BAC, Financial): CFO Charles H Noski Bought 6,000 Shares

CFO of Bank of America Corp. (BAC) Charles H Noski bought 6,000 shares on 07/23/2010 at an average price of $13.6. Bank of America Corp. is one of the world's financial services companies. Bank Of America Corp. has a market cap of $121.58 billion; its shares were traded at around $14.04 with and P/S ratio of 0.8. The dividend yield of Bank Of America Corp. stocks is 0.3%.

BAC is in the portfolios of David Tepper of APPALOOSA MANAGEMENT LP, John Paulson of Paulson & Co., Fairholme Fund, Bruce Berkowitz of Fairholme Capital Management, Andreas Halvorsen of Viking Global Investors LP, Richard Snow of Snow Capital Management, L.P., Ronald Muhlenkamp of Muhlenkamp Fund, Eric Mindich of Eton Park Capital Management, L.P., HOTCHKIS & WILEY of HOTCHKIS & WILEY Capital Management LLC, Michael Price of MFP Investors LLC, Eric Mindich of Eton Park Capital Management, L.P., Brian Rogers of T Rowe Price Equity Income Fund, Steve Mandel of Lone Pine Capital, Brian Rogers of T Rowe Price Equity Income Fund, Richard Pzena of Pzena Investment Management LLC, Arnold Schneider of Schneider Capital Management, Charles Brandes of Brandes Investment, Bill Nygren of Oak Mark Fund, James Barrow of Barrow, Hanley, Mewhinney & Strauss, Lee Ainslie of Maverick Capital, Chris Shumway of Shumway Capital Partners LLC, David Dreman of Dreman Value Management, Pioneer Investments, Jeff Auxier of Auxier Focus Fund, Sarah Ketterer of CAUSEWAY CAPITAL MANAGEMENT LLC, Jim Simons of Renaissance Technologies LLC, John Buckingham of Al Frank Asset Management, Inc., Donald Yacktman of Yacktman Asset Management Co., Bruce Kovner of Caxton Associates, Warren Buffett of Berkshire Hathaway, Oak Value of Oak Value Capital Management, Jeremy Grantham of GMO LLC, Irving Kahn of Kahn Brothers & Company Inc., Oak Value of Oak Value Capital Management, Chris Davis of Davis Selected Advisers, George Soros of Soros Fund Management LLC, Bill Frels of Mairs & Power Inc. , John Keeley of Keeley Fund Management, Glenn Greenberg of Brave Warrior Capital, Inc., Diamond Hill Capital of Diamond Hill Capital Management Inc, Tom Russo of Gardner Russo & Gardner, Manning & Napier Advisors, Inc, Ruane Cunniff of Ruane & Cunniff & Goldfarb Inc, Murray Stahl of Horizon Asset Management, Dodge & Cox, Kenneth Fisher of Fisher Asset Management, LLC.

CFO Charles H Noski and Chief Accounting Officer Cotty Neil sold shares of BAC stock.

BB&T Corp. (BBT, Financial): CFO Daryl N. Bible Bought 5,000 Shares

CFO of BB&T Corp. (BBT) Daryl N. Bible bought 5,000 shares on 07/26/2010 at an average price of $25.54. BB&T Corporation is a multi-bank holding company. The company offers full-service commercial and retail banking and additional financial services such as insurance, corporate finance, international banking, leasing and trust. Bb&t Corp. has a market cap of $17.18 billion; its shares were traded at around $24.83 with a P/E ratio of 23.2 and P/S ratio of 1.7. The dividend yield of Bb&t Corp. stocks is 2.3%. Bb&t Corp. had an annual average earning growth of 0.1% over the past 10 years.

BB&T Corporation reported earnings for the second quarter of 2010. Net income available to common shareholders totaled $210 million, or $.30 per diluted common share, compared with $121 million, or $.20 per diluted common share, earned during the second quarter of 2009. These results reflect increases of 73.6% and 50.0%, respectively.

BBT is in the portfolios of Dodge & Cox, John Buckingham of Al Frank Asset Management, Inc., David Tepper of APPALOOSA MANAGEMENT LP, Charles Brandes of Brandes Investment, Tom Russo of Gardner Russo & Gardner, Jeremy Grantham of GMO LLC, Stanley Druckenmiller of Duquesne Capital Management, LLC, Diamond Hill Capital of Diamond Hill Capital Management Inc, George Soros of Soros Fund Management LLC.

CFO Daryl N. Bible, Director Ronald E Deal, S.V.P./Secretary/Gen. Counsel Frances B Jones sold shares of BBT stock.

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