Weekly CFO Buys Highlight: CHTR, KOSS, LINC, GTEC, CCE

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Nov 14, 2010
According to GuruFocus Insider Data, the largest CFO buys during the past week were Charter Communications Inc., Koss Corp., Lincoln Educational Services Corp., Global Defense Technology and Systems, I, and CocaCola Enterprises Inc.

Charter Communications Inc. (CHTR, Financial): EVP/CFO Christopher L Winfrey Bought 30,000 Shares

EVP/CFO of Charter Communications Inc. (CHTR) Christopher L Winfrey bought 30,000 shares on 11/09/2010 at an average price of $35.83. Charter Communications, Inc. is a broadband communications company and the fourth-largest cable operator in the United States. Charter Communications Inc. has a market cap of $4.03 billion; its shares were traded at around $35.83 with and P/S ratio of 0.6.

Charter Communications, Inc. reported financial and operating results for the three and nine months ended September 30, 2010. Compared with the prior year, third quarter revenues grew 4.6% on a pro forma(1) basis and 4.5% on an actual basis, driven by increases in Internet, phone and commercial customers and growth in advertising sales. Third quarter adjusted EBITDA(2) grew 4.5% year-over-year on a pro forma basis and 4.3% on an actual basis, and net loss attributable to Charter shareholders was reduced to $95 million in the third quarter of 2010 compared to $1.035 billion in the third quarter of 2009.

EVP/CFO Christopher L Winfrey bought shares of CHTR stock.

Koss Corp. (KOSS, Financial): EVP and CFO David Donnan Smith Bought 10,000 Shares

EVP and CFO of Koss Corp. (KOSS) David Donnan Smith bought 10,000 shares on 11/05/2010 at an average price of $5.72. KOSS CORP. operates in the audio/video industry segment of the homeentertainment industry through its design, manufacture and sale of stereoheadphones, audio/video loudspeakers, and related accessory products. Koss Corp. has a market cap of $40 million; its shares were traded at around $5.42 with a P/E ratio of 24.8 and P/S ratio of 1. The dividend yield of Koss Corp. stocks is 4.4%.

Koss Corporation announced results for its first quarter for the period ending September 30, 2010. Sales for the first quarter were $10,032,134 compared to $11,614,645 for the same period one year ago, a 14% reduction. Net income was $562,859, compared to a loss of $1,593,750 for the first quarter last year.

KOSS is in the portfolios of Chuck Royce of Royce& Associates.

EVP and CFO David Donnan Smith bought shares of KOSS stock.

Lincoln Educational Services Corp. (LINC, Financial): SVP, CFO and Treasurer Cesar Ribeiro Bought 6,925 Shares

SVP, CFO and Treasurer of Lincoln Educational Services Corp. (LINC) Cesar Ribeiro bought 6,925 shares on 11/05/2010 at an average price of $15.38. Lincoln Educational is a and diversified for-profit provider of a career-oriented post-secondary education headquartered in West Orange, New Jersey. Lincoln Educational Services Corp. has a market cap of $388.9 million; its shares were traded at around $14.91 with a P/E ratio of 5.6 and P/S ratio of 0.7. Lincoln Educational Services Corp. had an annual average earning growth of 24.7% over the past 5 years.

LINC is in the portfolios of Jeff Auxier of Auxier Focus Fund, Paul Tudor Jones of The Tudor Group, Jim Simons of Renaissance Technologies LLC, Chuck Royce of Royce& Associates.

Lincoln Educational Services Corporation reported third quarter results. Revenue grew 12.7 percent to $167.2 million from $148.4 million in the prior-year quarter. Operating income rose 34.1 percent; operating profit margin improved to 19.4 percent from 16.3 percent in the prior-year quarter.

SVP, CFO and Treasurer Cesar Ribeiro bought shares of LINC stock.

SVP, CFO and Treasurer Cesar Ribeiro, President, Lincoln Tech Group Deborah M Ramentol, and President, Lincoln Ed Group Edward B Abrams sold shares of LINC stock.

Global Defense Technology and Systems, I (GTEC, Financial): Executive VP and CFO Joseph M. Cormier Bought 11,000 Shares

Executive VP and CFO of Global Defense Technology and Systems, I (GTEC) Joseph M. Cormier bought 11,000 shares during the past week at an average price of $13.09. Global Defense Technology & Systems, Inc. operates as a provider of mission-critical technology-based systems, solutions, and services for national security agencies and programs of the U. Global Defense Technology And Systems, I has a market cap of $116.6 million; its shares were traded at around $12.85 with a P/E ratio of 28.5 and P/S ratio of 0.6.

Global Defense Technology & Systems, Inc. announced its third quarter 2010 financial results. Revenue for the third quarter 2010 was $55.4 million. Total segment operating income was $5.2 million, or 9.5% of segment revenues. Unallocated corporate expenses totaled $2.5 million. This resulted in operating income for the third quarter 2010 of $2.8 million, or 5.0% of revenue. Diluted earnings per share (EPS) was $0.22 and was benefitted by an anticipated $0.04 per share one-time tax benefit related to a legal reorganization to utilize an existing net operating loss.

PRESIDENT & CEO John F Hillen Iii, Executive VP and CFO Joseph M. Cormier, and Senior VP, Bus. Dev. and Op. Kirk Herdman bought shares of GTEC stock.

CocaCola Enterprises Inc. (CCE, Financial): Exec. VP & CFO William W Douglas Iii Bought 5,000 Shares

Exec. VP & CFO of CocaCola Enterprises Inc. (CCE) William W Douglas Iii bought 5,000 shares on 11/04/2010 at an average price of $24.28. Coca-Cola Enterprises is the world's largest marketer, distributor, and producer of bottle and can liquid nonalcoholic refreshment. Cocacola Enterprises Inc. has a market cap of $12.45 billion; its shares were traded at around $24.94 with a P/E ratio of 13.2 and P/S ratio of 0.6. The dividend yield of Cocacola Enterprises Inc. stocks is 1.5%.

Coca-Cola Enterprises reported third-quarter 2010 net income of $208 million. In the quarter, total revenue increased 4½ percent and comparable operating income increased 7½ percent, both on a currency neutral basis.

CCE is in the portfolios of Daniel Loeb of Third Point, LLC, Michael Price of MFP Investors LLC, Richard Perry of Perry Capital, George Soros of Soros Fund Management LLC, Mario Gabelli of GAMCO Investors, Louis Moore Bacon of Moore Capital Management, LP, Jean-Marie Eveillard of First Eagle Investment Management, LLC, Jeremy Grantham of GMO LLC, Steven Cohen of SAC Capital Advisors, Jean-Marie Eveillard of First Eagle Investment Management, LLC.

Chairman and CEO John Brock and Exec. VP & CFO William W Douglas Iii bought shares of CCE stock.

VP, Controller & CAO Suzanne D Patterson sold shares of CCE stock.

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