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

October 03, 2010 | About:
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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.


Rating: 1.0/5 (2 votes)

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