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Weekly Top Insider Buys: Dell Inc., SAIC Inc., Everest Re Group Ltd., American Eagle Outfitters Inc., and PowerOne Inc.

September 26, 2010 | About:
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Weekly highlight of top insider buys: Dell Inc. (DELL), SAIC Inc. (SAI), Everest Re Group Ltd. (RE), American Eagle Outfitters Inc. (AEO), and PowerOne Inc. (PWER).



Dell Inc. (DELL): Director Samuel A Nunn Bought 16,090 Shares



Director of Dell Inc., Samuel A Nunn, bought 16,090 shares on 9/17/2010 at an average price of $12.65.

Dell Inc. is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Dell Inc. has a market cap of $24.77 billion; its shares were traded at around $12.65 with a P/E ratio of 11.1 and P/S ratio of 0.5. Dell Inc. had an annual average earning growth of 4.1% over the past 10 years.



On August 19, Dell Inc. reported results for the second quarter of 2010. Commercial customer demand for Dell enterprise solutions – including servers and networking systems, storage and services – increased significantly worldwide in the second quarter of fiscal 2011, driving a 22-percent improvement in total revenue to $15.5 billion, and an 11-percent gain in operating income to $745 million on a GAAP basis in year-over-year comparisons



Dell Inc. is in the portfolios of John Hussman, George Soros, Arnold Schneider, Bill Nygren, Mason Hawkins, Brian Rogers, Jean-Marie Eveillard, Prem Watsa, Wallace Weitz, Charles Brandes, John Rogers, Arnold Van Den Berg, PRIMECAP Management, Richard Pzena, Donald Yacktman, and Glenn Greenberg.



This month, Buy: Director Samuel A Nunn bought 16,090 shares of DELL stock. Buy: Director James Breyer bought 20,000 shares last month. Sell: Senior Vice President Lawrence Tu and Sell: Chief Marketing Officer Erin C Nelson sold shares this month.



SAIC Inc. (SAI): Director Lawrence C Nussdorf Bought 5,000 Shares

Director of SAIC Inc., Lawrence C Nussdorf, bought 5,000 shares on 9/20/2010 at an average price of $16.1.

SAIC Inc. is a scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. Saic Inc. has a market cap of $6.12 billion; its shares were traded at around $16.1 with a P/E ratio of 11.7 and P/S ratio of 0.6.

On September 1, SAIC Inc. reported results for the second quarter of fiscal 2011. Revenues for the quarter were $2.79 billion, up 2 percent from $2.75 billion in the second quarter of fiscal year 2010. Internal revenue growth contracted 1 percentage point for the quarter. Operating income for the quarter was $273 million (9.8 percent of revenue), up 24 percent from $221 million (8.0 percent of revenue) in the second quarter of fiscal year 2010.



This month, Buy: CEO Walter P Havenstein, Sell: Executive VP and CFO Mark W Sopp, and Buy: Director Lawrence C Nussdorf bought shares of SAI stock. Sell: Group President Joseph W Craver III and Sell: Group President K Stuart Shea sold shares this month.



Everest Re Group Ltd. (RE): Indirect subsidiary of Issuer Reinsurance Holdings I Everest Bought 150,000 Shares

Indirect subsidiary of Issuer of Everest Re Group Ltd., Reinsurance Holdings I Everest, bought 150,000 shares on 9/24/10 at an average price of $84.66.

Everest Re Group, Ltd. is a world leader in property and casualty reinsurance and insurance, offering innovative products, responsive service and unsurpassed financial strength. Everest Re Group Ltd. has a market cap of $4.76 billion; its shares were traded at around $84.66 with a P/E ratio of 9.8 and P/S ratio of 1.1. The dividend yield of Everest Re Group Ltd. stocks is 2.3%.

On July 28, Everest Re Group, Ltd. reported second quarter 2010 after-tax operating income1, which excludes net realized capital gains and losses, of $184.8 million, or $3.18 per diluted common share, compared to after-tax operating income1of $256.2 million, or $4.16 per diluted common share, in the second quarter of 2009. Net income, including net realized capital gains and losses, was $156.7 million, or $2.70 per diluted common share, for the second quarter of 2010 compared to $272.6 million, or $4.43 per diluted common share, for the same period last year.



Everest Re Group Ltd. is owned by Prem Watsa, Charles Brandes, Ruane Cunniff, George Soros, Davi Einhorn, John Keeley, Mason Hawkins, and Chris Davis.

Buy: Indirect subsidiary of Issuer Reinsurance Holdings I Everest bought 150,000 shares of RE stock on last week.



American Eagle Outfitters Inc. (AEO): Director Michael G Jesselson Bought 20,200 Shares

Director of American Eagle Outfitters Inc., Michael G Jesselson, bought 20,200 shares on 9/22/10 at an average price of $14.82.

American Eagle Outfitters is a specialty retailer of all-American casual apparel, accessories, and footwear for men and women between the ages of 16 and 34. American Eagle Outfitters Inc. has a market cap of $3.04 billion; its shares were traded at around $14.82 with a P/E ratio of 17.6 and P/S ratio of 1. The dividend yield of American Eagle Outfitters Inc. stocks is 3%. American Eagle Outfitters Inc. had an annual average earning growth of 15.5% over the past 10 years.



On May 26, American Eagle Outfitters, Inc. announced that earnings for the first quarter ended May 1, 2010 were $0.05 per diluted share, compared to $0.11 per diluted share last year. Adjusted earnings for the period were $0.17 per diluted share, excluding closing charges and an operating loss related to the MARTIN+OSA business of $0.12 per diluted share. This compares to adjusted earnings for the first quarter ended May 2, 2009 of $0.11 per diluted share, which excluded a tax benefit, a realized loss related to the sale of investment securities and an operating loss related to MARTIN+OSA, as outlined in the table which follows.



American Eagle Outfitters Inc. is in the portfolios of Whitney Tilson, Richard Aster Jr, George Soros, John Hussman, and Richard Snow.

This month, Buy: Director Michael G Jesselson, Buy: Chairman of the Board, 10% Owner Jay L Schottenstein, and Buy: Vice Chairman Roger S Markfield bought shares of AEO stock. Buy: Director Alan Kane bought 169 shares in June.



PowerOne Inc. (PWER): Director Kendall R Bishop Bought 8,000 Shares

Director of PowerOne Inc., Kendall R Bishop, bought 8,000 shares on 9/17/10 at an average price of $8.97.

PowerOne Inc. is one of the ten largest power conversion equipment manufacturers in the world and is ranked in the S&P 500. PowerOne Inc. has a market cap of $953.5 million; its shares were traded at around $8.97 with a P/E ratio of 35.8 and P/S ratio of 2.1.



On July 29, Power-One, Inc. announced financial results for the second quarter 2010. Power-One posted record net sales of $215 million for the second quarter ended July 4, 2010, an increase of 135% from the second quarter 2009. Net income attributable to common stockholders for the second quarter was $24 million, or $0.17 per diluted share, compared to a net loss of $7 million, or $0.08 per share for the same period last year. Consolidated bookings reached $757 million in the second quarter of 2010.



This month,Buy: General Counsel and Secretary Tina D Mcknight and Buy: Director Kendall R Bishop bought shares of PWER stock. Buy: President, Power Solutions Steven D Hogge bought 15,000 shares in August, and Sell: Director Jay Walters sold 5,000 shares in May.

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

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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