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Weekly Top Insider Buys: GD, BBY, RE, WCC, CRMT

October 03, 2010 | About:
Saj Karsan

gururk

7 followers
Weekly highlight of top insider buys: General Dynamics Corp. (GD), Best Buy Co. Inc. (BBY), Everest Re Group Ltd. (RE), WESCO International Inc. (WCC), and America's CarMart Inc. (CRMT).



General Dynamics Corp. (GD): Director William P Fricks Bought 2,000 Shares

Director of General Dynamics Corp., William P Fricks, bought 2,000 shares on 9/24/10 at an average price of $62.46.

General Dynamics Corp.'s primary businesses focus is on shipbuilding and marine systems, business aviation, information systems, and land and amphibious combat systems. General Dynamics Corp. has a market cap of $23.76 billion; its shares were traded at around $62.46 with a P/E ratio of 10 and P/S ratio of 0.8. The dividend yield of General Dynamics Corp. stocks is 2.7%. General Dynamics Corp. had an annual average earning growth of 13.7% over the past 10 years. GuruFocus rated General Dynamics Corp. the business predictability rank of 4.5-star.



On July 28, General Dynamics reported second-quarter 2010 earnings from continuing operations of $651 million, or $1.68 per share on a fully diluted basis, compared to 2009 second-quarter earnings from continuing operations of $621 million, or $1.61 per share fully diluted. Revenues in the quarter were $8.1 billion. Operating earnings grew by 4.2 percent over second-quarter 2009, to $985 million.



General Dynamics Corp. is owned by Kenneth Fisher, Tom Gayner, David Dreman, Jean-Marie Eveillard, and David Winters.



Last month, Buy: Director William P Fricks bought 2,000 shares of GD stock. Buy: Director William A Osborn bought 3,000 shares in August and Sell: Director John M Keane sold 3,500 shares last month.



Best Buy Co. Inc. (BBY): Director Gerard R Vittecoq Bought 1,255 Shares

Director of Best Buy Co. Inc., Gerard R Vittecoq, bought 1,255 shares on 9/27/10 at an average price of $40.76.

Best Buy operates in a single business segment, selling personal computers and other home office products, consumer electronics, entertainment software, major appliances and related accessories principally through its retail stores. Best Buy Co. Inc. has a market cap of $16.99 billion; its shares were traded at around $40.76 with a P/E ratio of 12.4 and P/S ratio of 0.3. The dividend yield of Best Buy Co. Inc. stocks is 1.4%. Best Buy Co. Inc. had an annual average earning growth of 16.6% over the past 10 years. GuruFocus rated Best Buy Co. Inc. the business predictability rank of 5-star.

On June 15, Best Buy Co., Inc. reported net earnings of $155 million, or $0.36 per diluted share, for its fiscal first quarter ended May 29, 2010, compared with $153 million, or $0.36 per diluted share, for the prior-year period. Diluted earnings per share decreased 14 percent versus the prior-year period’s adjusted diluted earnings per share of $0.42, which excluded the impact of restructuring charges incurred in the prior year’s fiscal first quarter.



Best Buy Co. Inc. is owned by ten Gurus: Mario Gabelli, John Hussman, Richard Snow, Bill Nygren, Mark Hillman, Julian Robertson, PRIMECAP Management, David Dreman, Arnold Schneider, and George Soros.



Last month, Buy: Director Gerard R Vittecoq and Buy: Director Lisa Caputo bought shares of BBY stock.

Buy: Director Victor Kathy J Higgins bought 1,000 shares in August and Buy: Director Ronald James bought 2,500 shares in July.



Everest Re Group Ltd. (RE): Indirect subsidiary of Issuer Reinsurance Holdings I Everest Bought 188,932 Shares

Indirect subsidiary of Issuer of Everest Re Group Ltd., Reinsurance Holdings I Everest, bought 188,932 shares during the past week at an average price of $85.19.

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 $4.79 billion; its shares were traded at around $85.19 with a P/E ratio of 10 and P/S ratio of 1.1. The dividend yield of Everest Re Group Ltd. stocks is 2.3%.



Everest Re Group, Ltd. will release its third quarter 2010 earnings before trading opens on the NYSE on November 1, 2010.



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

Buy: Indirect subsidiary of Issuer Reinsurance Holdings I Everest bought 38,932 shares of RE stock last week.



WESCO International Inc. (WCC): Vice President,Human Resources Kimberly G Windrow Bought 3,850 Shares

Vice President,Human Resources of WESCO International Inc., Kimberly G Windrow, bought 3,850 shares on 9/27/10 at an average price of $39.57.

WESCO International, Inc. is a provider of electrical products and other industrial MRO supplies and services in North America. WESCO International Inc. has a market cap of $1.68 billion; its shares were traded at around $39.57 with a P/E ratio of 17.5 and P/S ratio of 0.4. Wesco International Inc. had an annual average earning growth of 12.7% over the past 10 years.



On July 22, WESCO International Inc. reported results for the second quarter of 2010. Consolidated net sales were $1,259.1 million for the second quarter of 2010, compared to $1,159.2 million for the second quarter of 2009, an increase of 8.6%. Gross profit was $242.9 million, or 19.3% of sales, for the second quarter of 2010, compared to $223.9 million, or 19.3% of sales, for 2009. Operating profit was $51.3 million, or 4.1% of sales, for the current quarter, compared to $47.6 million, or 4.1% of sales for the comparable 2009 quarter.



WESCO International Inc. is owned by NWQ Managers, Richard Snow, Ronald Muhlenkamp, and George Soros.



Last month, Buy: Vice President,Human Resources Kimberly G Windrow bought 3,850 shares of WCC stock. Buy: CFO Richard Heyse and Buy: Vice President, Legal Affairs Diane Lazzaris bought shares in May.



America's CarMart Inc. (CRMT): Director William A Swanston Bought 2,000 Shares

Director of America's CarMart Inc., William A Swanston, bought 2,000 shares on 9/30/10 at an average price of $25.52.

America's CarMart operates automotive dealerships and is one of the largest automotive retailers in the United States focused exclusively on the `Buy Here/Pay Here` segment of the used car market. America's CarMart Inc has a market cap of $288 million; its shares were traded at around $25.52 with a P/E ratio of 10.6 and P/S ratio of 0.9. America's CarMart Inc had an annual average earning growth of 12.6% over the past 10 years.

On August 19, America’s CarMart Inc. reported results for the second quarter of 2010. Results included a net income of $8.0 million ($.70 per diluted share) vs. $7.0 million ($.60 per diluted share) for prior year quarter (17% increase in diluted earnings per share), a revenue increase of 9.2% to $91.5 million from $83.8 million with same store revenue growth of 6.4%, and a retail unit sales increase of 3.7% to 8,481 from 8,182 for the prior year quarter

Sell: President and CEO William H Henderson sold 1,500 shares of CRMT stock last month; Buy: Director William A Swanston bought 2,000 shares.

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

About the author:

gururk
Saj Karsan founded an investment and research firm that is based on the principles of value investing. He has an MBA from the Richard Ivey School of Business, and an undergraduate engineering degree from McGill University.

Rating: 1.0/5 (2 votes)

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