GuruFocus Premium Membership

Serving Intelligent Investors Since 2004

Try It 100% FREE for 7 Days!

Free 7-day Trial
All Articles and Columns »

Weekly Top Insider Buys: WFR, WES, CMTL, VGM, IRET

October 09, 2010 | About:
gururk

gururk

7 followers
Weekly highlight of top insider buys: MEMC Electronic Materials Inc. (WFR), Western Gas Partners LP (NYSE:WES), Comtech Telecommunications Corp. (NASDAQ:CMTL), Van Kampen Trust for Investment Grade Mu (VGM), and Investors Real Estate Trust (NYSE:IRET).



MEMC Electronic Materials Inc. (WFR): SVP & Chief HR Officer Scott A. Weisberg Bought 12,300 Shares



SVP & Chief HR Officer of MEMC Electronic Materials Inc., Scott A. Weisberg, bought 12,300 shares on 10/05/10 at an average price of $13.09.

MEMC Electronic Materials, Inc. is a global producer of polysilicon and silicon wafers. Memc Electronic Materials Inc. has a market cap of $2.98 billion; its shares were traded at around $13.09 with and P/S ratio of 2.6.



On July 29, MEMC Electronic Materials Inc. reported results for the second quarter of 2010. Net sales for the quarter were $448.3 million, up 2.4% from $437.7 million in the 2010 first quarter and up 58.5% from $282.9 million in the second quarter of 2009. Second quarter 2010 results include $30.7 million from the SunEdison business that was acquired in November 2009.



MEMC Electronic Materials Inc. is owned by five Gurus: Arnold Schneider, Third Avenue Management, Arnold Van Den Berg, Mario Gabelli, and Ronald Muhlenkamp.

Last week, Buy: SVP & Chief HR Officer Scott A. Weisberg bought 12,300 shares of WFR stock. In August, Buy: President & CEO Ahmad R Chatila, Buy: SVP & CFO Timothy Charles Oliver , Buy: SVP Legal & Bus Dev. Bradley D Kohn, Buy: EVP & Pres. Semiconductor Mat. Chandrasekhar Sadasivam and Buy: Principal Accounting Officer Denis Mccarthy bought shares.



Western Gas Partners LP (NYSE:WES): Director James R Crane Bought 7,000 Shares

Director of Western Gas Partners LP, James R Crane, bought 7,000 shares on 10/05/10 at an average price of $28.98.

Western Gas Partners LP is a growth-oriented Delaware limited partnership formed by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets. Western Gas Partners LP has a market cap of $1.24 billion; its shares were traded at around $28.98 with a P/E ratio of 21.5 and P/S ratio of 5. The dividend yield of Western Gas Partners Lp stocks is 4.9%.

On August 4, Western Gas Partners announced second-quarter 2010 financial and operating results. Net income available to limited partners for the second quarter of 2010 totaled $22.9 million, or $0.35 per limited partner unit (diluted). The Partnership's second-quarter Adjusted EBITDA(1) was $38.5 million and distributable cash flow(1) was $35.4 million, resulting in a coverage ratio(1) of 1.45 times for the period.



Last week, Buy: Director James R Crane bought 7,000 shares of WES stock. In May, Buy: CEO, President & Director Donald R. Sinclair, Buy: Senior Vice President & CFO Benjamin Matthew Fink, Buy: Director James R Crane, and Buy: Director Milton Carroll bought shares.



Comtech Telecommunications Corp. (NASDAQ:CMTL): Director Robert G Paul Bought 1,500 Shares

Director of Comtech Telecommunications Corp., Robert G Paul, bought 1,500 shares on 9/30/10 at an average price of $29.64.

Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. Comtech Telecommunications Corp. has a market cap of $839.1 million; its shares were traded at around $29.64 with a P/E ratio of 13.4 and P/S ratio of 1. Comtech Telecommunications Corp. had an annual average earning growth of 31.5% over the past 10 years. GuruFocus rated Comtech Telecommunications Corp. the business predictability rank of 3.5-star.

On September 23, Comtech Telecommunications Corp. reported its operating results for the fourth fiscal quarter ended July 31, 2010. Net sales for the fourth quarter of fiscal 2010 were $257.0 million compared to $122.0 million for the fourth quarter of fiscal 2009.



Comtech Telecommunications Corp. is in the portfolio of George Soros.

Last week, Buy: Chairman, CEO & President Fred Kornberg, Buy: Sr. Vice President & CFO Michael Porcelain, and Buy: Sr. VP Stategy & Business Dev. Jerome Kapelus bought shares of CMTL stock. Buy: Director Robert G Paul bought 1,500 shares last month.



Van Kampen Trust for Investment Grade Mu (VGM): Director Rodney F Dammeyer Bought 68,137 Shares

Director of Van Kampen Trust for Investment Grade Mu, Rodney F Dammeyer, bought 68,137 shares during the past week at an average price of $15.07.

Van Kampen Trust for Investment Grade Municipals is a close ended mutual fund launched by Van Kampen Investments, Inc. Van Kampen Trust For Investment Grade Mu has a market cap of $812.6 million; its shares were traded at around $15.07 . The dividend yield of Van Kampen Trust For Investment Grade Mu stocks is 7%.

Buy: Director Rodney F Dammeyer bought 34,195 shares of VGM stock last week.



Investors Real Estate Trust (NYSE:IRET): Director W David Scott Bought 1,107 Shares

Director of Investors Real Estate Trust, W David Scott, bought 1,107 shares on 10/05/10 at an average price of $8.57.

Investors Real Estate Trust is a real estate investment trust operating in the Midwest. Investors Real Estate Trust has a market cap of $653.5 million; its shares were traded at around $8.57 with and P/S ratio of 2.7. The dividend yield of Investors Real Estate Trust stocks is 8%. Investors Real Estate Trust had an annual average earning growth of 1.1% over the past 10 years.



On September 29, Investors Real Estate Trust reported results for the quarter ended July 31, 2010. Revenues increased to $62.0 million from $60.8 million. FFO increased to $16.8 million on approximately 96,777,000 weighted average shares and units outstanding, from $16.5 million on approximately 83,223,000 weighted average shares and units outstanding ($.17 per share and unit compared to $.20 per share and unit).



Last week, Buy: Director Stephen Stenehjem, Buy: Director W David Scott, Buy: SVP - Commercial Asset Mgmt Charles A Greenberg, Buy: Director John T Reed,andBuy: Director Charles W Morgan bought shares of IRET stock.



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.

» Take a Free Trial of Premium Membership


Rating: 2.0/5 (1 vote)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK