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

October 09, 2010 | About:
guruek

gururk

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


Rating: 2.0/5 (1 vote)

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